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Congress Passes Stopgap Measure to Fund Government through March 23 

The President on Friday morning signed the congressional deal to fund the government, ending a brief government shutdown that began at midnight. ... The bill will fund the government until March 23, which will give lawmakers time to write an omnibus spending bill for the rest of the fiscal year and break the pattern of gridlock that has led to five temporary funding patches since September. More >

FY 2019 President's PROPOSED Budget

Small Business Administration Budget Proposal >

More >

Loan Guarantees: Subsidy Rates, Commitments, and Average Loan Size >

Loan Guarantees: Assumptions Underlying the FY 2018 Subsidy Estimates >

Loan Guarantees: Assumptions Underlying the FY 2019 Subsidy Estimates >

Loan Guarantees: Subsidy Reestimates >

Loan Guarantee Program Disbursement Rate Assumptions Underlying the 2019 Subsidy Estimates >

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; ongoing fee increase to 0.625% on loans over $1 million; eliminate all borrower fee waivers not required by law (i.e., veterans SBA Express); increased guaranty fee on borrowers on loans $1 million >; secondary market fee up to 0.05% per year of outstanding balance of pool certificates; SBA Express limit to $1 million; and other key proposals indicating a major philosophical shift from Administration. Stay tuned -- there is a LONG road ahead of analysis and discussion before anything in the proposed budget becomes a reality. NAGGL, as always, is on top of it and 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 by:

Strengthening SBA’s Office of Credit Risk Management by outlining in statute the responsibilities of the office and the requirements of its director;
Enhancing SBA’s lender oversight review process, including increasing the office’s enforcement options; 
Requiring SBA to detail its oversight budget and perform a full risk analysis of the program on an annual basis; and
Strengthening SBA’s Credit Elsewhere Test by clarifying the factors that must be considered."

By bolstering the SBA’s oversight office and providing the Administrator with flexibility to increase the program’s maximum lending authority in the event it would be reached, this bill will ensure the strength of the program into the future, guaranteeing that entrepreneurs will have access to the critical capital they need to build and grow their businesses.  

Senate Committee >
House Committee >

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!

We regularly share details of borrowers success after receiving a 7(a) loan with The Hill. Our treasure chest of stories needs to be replenished with current stories. PLEASE - Send them our way >


More >



SBA Lending Technical Conference
May 1-3, 2018 • Chicago, IL

Conference Fee:

By March 23: $975 mbr, $1,475 non-mbr, $675 govt
After March 23: $1,250 mbr, $1,950 non-mbr, $675 govt     

Register Now > 

Preliminary Conference Agenda >

Sponsor Prospectus >

Exhibitor Prospectus > 

Hyatt Regency Chicago
151 East Wacker Drive
Chicago, IL  60601

Direct: 312.565.1234
Reservations: 888.421.1442
Room Rate: $239
Hotel Cut-Off: April 6 (or until sold out)

Online Hotel Reservations > 


* All courses qualify for applicable NAGGL lender diploma program credit.

Link to the NEW Franchise Directory >

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

Notice 5000-17008, Issuance of SOP 50 10 5(J) >

SOP 50 10 5(J) >

Notice 5000-17009, Franchise Review Process >

SBA Form 2464 >

FY 2018 Fees (includes chart) >

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 = 4.58%
History of SBA LIBOR base rate > 

Prime Rate = 4.50%

SBA FIXED Base Rate = 7.33%
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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3/12/2018 » 3/15/2018
LONG BEACH - 7(a) Lender Classroom Training

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