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NAGGL and industry welcome William M. Manger, Jr. as new Associate Administrator, Office of Capital Access to SBA
SBA has appointed William M. Manger, Jr. as the new Associate Administrator for the Office of Capital Access. Manger was most recently a managing director at Brock Capital, and formerly served as the associate administrator of field operations.  Watch this space for more info on the new AA!


Don't miss the May 2 reintroduction of newly revised 1-day course taught by Christopher Anthony of BNY/Colson Services Corp. -- The Mechanics of the 7(a) Secondary Market


SBA rescinds rebranding of its flagship loan program; name remains 7(a) loan program
Through Information Notice 5000-1943 SBA announced today that it is rescinding the rebranding of the 7(a) and 504 loan programs as announced in late 2016 in Information Notice 0000-2169.  Both core loan programs will retain their long-standing names: 7(a) Loan Program and 504 Loan Program.


Ranking Member Alma Adams (NC-12), Tony, Chairman Trent Kelly (MS-01) NAGGL CEO testifies today in front of House Small Business Committee Subcommittee

NAGGL president & CEO Tony Wilkinson is today testifying before the Subcommittee on Investigations, Oversight, and Regulations (chaired by Trent Kelly R-MS-01) in a hearing titled An Overview of of SBA's 7(a) Loan Program whose stated purpose is "allowing members of the Subcommittee to hear from those directly participating in the program" (including NAGGL, Randolph Brooks Federal Credit Union, Bank of the West - Grapevine, TX, and Surrey Bank & Trust) and "to explore the program from its requirements to its recent growth". Other NAGGL staff attending the hearing are Jane Butler and Kristen Granchelli.  

Members of the Subcommittee >

NAGGL's testimony >

Other witness' testimony >

Video of the hearing >

Subcommittee press release >


 

McMahon's leadership at SBA critical for the economy

by Tony Wilkinson, Opinion Contributor -- as published in The Hill 03/01/17

SBA has provided updated franchise forms

SBA Policy Note 5000-1941 which outlines temporary changes in the franchise review process for both 7(a) and 504 loans, announced that SBA now will accept either of the following "as sufficient to establish that a franchisee is not “affiliated” with a franchisor: (1) the revised SBA Addendum to Franchise Agreement; or (2) a Certification ... together with the franchisor’s SBA negotiated addendum (SBA Form 2463)." SBA has supplied the updated SBA Form 2462 with a drop-down selection tool to accurately title the form for each specific case (that is, select: Franchise, License, Distributor, Membership, Jobber, Other), as well as written instructions on how to complete the Form 2462. [PLEASE Note: It is always best to download SBA forms directly from sba.gov.]

It is important to recall that with the publication of Policy Notice 5000-1941, although SBA is temporarily offering two options for establishing that there is no affiliation between franchisor and franchisee, all other changes to the franchise review process effective on 1/1/2017 remain in place. Therefore:

  • NO SBA-sanctioned Franchise Registry. (The new temporary option outlined in Notice 5000-1941 is not a return to the former Registry process.)
  • NO FRUNS numbers – SBA has its own unique numeric identification system
  • Lender must identify the specific franchise of the applicant using E-Tran / SBAOne
  • If business relationship meets Federal Trade Commission (FTC) definition of “franchise” – there are now TWO options for establishing no affiliation between franchisor and franchisee

MARCH RATES

SBA LIBOR Base Rate = 3.81%
History of SBA LIBOR base rate >
SBA Optional Peg Rate = 2.00 [Jan 1-March 31]
Prime Rate = 3.75%
SBA FIXED Base Rate = 6.07%
Maximum allowable fixed rates > 


 

Loan Closing Specialist
Wilmington, NC

Underwriter, Government Guaranteed Loans
Phoenix, AZ or Los Angeles, CA 

More >



   

SBA Lending Technical Conference
May 2-4 • Indianapolis, IN

Registration is now Open!  Go > 

 

Registration Fee(until sold out)
By March 24:
$950 Mbr, $1,450 N-Mbr, $650 Govt
After March 24:
$1,200 Mbr, $1,900 N-Mbr, $650 Govt      

 

Location:
Hyatt Regency Indianapolis

One South Capitol Avenue

Indianapolis, IN  46204

 

Direct: 317.632.1234

Reservations: 888.421.1442

Room Rate: $189

Cut-Off Date: April 7 (or until sold out) 

Online Reservations >

 


Pre-Conference Training Schedule
:


May 1 – SBA Construction Lending
May 1 – Understanding Lender Oversight and the Review Process
May 1-2 – Understanding the SOP 50 10 *
May 1-2 – Closing and Funding the SBA Loan *
May 1-2 – SBA Loan Servicing and Liquidation *
May 1-2 – Advanced SOP 50 10 Training *
May 2 – Advanced Cash Flow Analysis *
May 2 – Mechanics of the SBA 7(a) Secondary Market

* Course qualifies for NAGGL Lender Diploma Program credit.


  

NAGGL, SBA Launch "Business Smart Toolkit" to Elevate Entrepreneurship in Underserved Communities

NAGGL and the SBA are proud to announce the release of the Business Smart Toolkit, a ready-to-use workshop toolkit that equips and empowers faith based and community organizations to lay the groundwork for helping new and aspiring entrepreneurs launch a business idea and build a business that is credit ready. www.sba.gov/BusinessSmart > 


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5/1/2017 » 5/4/2017
Indianapolis - SBA Lending Technical Conference

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