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Congress Passes Stopgap Measure to Fund Government through March 23 More >

SBA Inspector General issues evaluation of SBA 7(a) Loans made to poultry farmers
The IG today (3/6) made public its evaluation of 7(a) loans made to poultry farmers asserting that "We found that 7(a) loans made to growers did not meet regulatory and SBA requirements for eligibility. The large chicken companies (integrators) in our sample exercised such comprehensive control over the growers that the SBA Office of Inspector General believes the concerns appear affiliative under SBA regulations. Therefore, SBA and lenders approved 7(a) loans that were apparently ineligible under SBA size standard regulations and requirements. ... We found integrator control exercised through a series of contractual restrictions, management agreements, oversight inspections, and market controls.This control overcame practically all of a grower’s ability to operate their business independent of integrator mandates." More >

SBA comments on IG report >

Revised Forms 1919 & 1920 reflect 50 10 5(J) changes 

Lender's Application for Loan Guaranty (expires 7/31/2020) >
Borrower Information Form (expires 7/31/2020) >  


SBA has announced the State Small Business Persons of the Year representing all 50 states, the District of Columbia, and Puerto Rico. view full list of winners > 

NAGGL is once again proud to be a Bronze Sponsor of National Small Business Week.



FY 2019 President's PROPOSED Budget

Small Business Administration Budget Proposal >

More >

NAGGL experts have been digesting the proposed FY 2019 budget and we will provide more written analysis in coming weeks. It is important to recall that this is a proposed budget that will be finalized by Congress. A couple of the key proposals:

$30 billion 7(a) authorization cap
Increases maximum ongoing fee from 0.55% to 0.625%
Sets the ongoing fee at 0.55% for loans less than $1 million and at 0.625% for loans $1 million or more
Eliminates all borrower fee waivers not required by law (e.g., veterans SBA Express)
Increases the upfront (borrower) guaranty fee on loans $1 million or greater
Introduces a secondary market fee up to 0.05% per year of outstanding balance of loans sold 
Increases SBA Express limit to $1 million

Stay Tuned & Stay Engaged -- there is a LONG road of analysis and discussion ahead before anything in the proposed budget becomes a reality. NAGGL has already begun discussions with The Hill on the FY 2019 budget. NAGGL, as always, is on top of it and remains your source for credible information!

Watch "Strengthening SBA’s 7(a) Loan Program" Hearing from January 17 >

NAGGL detailed summary of bill >

Bipartisan, Bicameral Small Business Committee Leaders Introduce Legislation Protecting Integrity of 7(a) Loan Program

Small Business 7(a) Lending Oversight and Reform Act of 2018 preserves this important loan program.

The bill has passed out of both Small Business Committees.

Follow the bill's progress on 
S. 2283 >

H.R. 4743 >

SBA publishes Notice on Technical Corrections for SOP 50 10 5(J)

Notice 5000-17029 provides a list of the changes based on location in the technically corrected SOP 50 10 5(J).  

SOP 50 10 5(J) - Tracked changes >  |  SOP 50 10 5(J) - Highlighted >

SOP 50 10 5(J) - WATERMARKED Technical Corrections version -- to help you keep it straight!

We need current borrower success stories!

Send them our way >


Link to the NEW Franchise Directory >

SOP 50 10 5(J) published with effective date of January 1, 2018

SOP 50 10 5(J) Technical Corrections (Watermarked for ease of identification) >

FY 2018 Fees (includes chart) >

  Click here to view Job Bank positions  > 

Calling all political junkies! Interested in better understanding the ins & outs of government relations as it relates to the 7(a) program? Want to know how to best communicate with your congressional representatives and the agency while getting involved with NAGGL leadership and learning about our PAC? Add an Individual Membership to your existing NAGGL membership. Get FAQ > 


SBA LIBOR Base Rate = 4.69%
History of SBA LIBOR base rate > 

Prime Rate = 4.50%

SBA FIXED Base Rate = 7.44%
Maximum allowable fixed rates >

SBA Optional Peg Rate = 2.38% [January 1-March 31, 2018]
[p. 127, SOP 50 10 5(I), "Base Rates will be rounded to two digits with .004 being rounded down and .005 being rounded up."]

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4/17/2018 » 4/18/2018
San Mateo, CA - Understanding the SOP 50 10

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