NAGGL

 

Join 120 of your colleagues and make the commitment to help our nation's heroes >

Image

Complete the simple questionnaire to join >

 

Image

Image

Online Registration >
(members only, password required)


May 6-8
SBA Lending Technical Conference  
Bonita Springs, FL

Image

Registration Form >
Online Registration >
Classroom Training Courses >


Image

Newly sworn in SBA Administrator Maria Contreras-Sweet will be the keynote speaker on Wednesday morning at the SBA Lending Technical Conference next month in Bonita Springs, FL

Image

Wednesday’s special luncheon speaker, Dr. Bettina Adjei will share the story of her quest for financing when she was ready to expand her small business and her ultimate success thanks to an SBA
7(a) loan! More >

Registration Fees:
By May 2
$1,015 mbr, $1,235 n-mbr

Agenda >

Session Descriptions >

Meeting Space Floor Plan >

Attendee List > (login required)

Location:
Hyatt Regency Coconut Point
Bonita Springs, FL

Overflow Accommodations >

Airport Shuttle Service >

Hotel Shuttle Service >



Image

Image

   

Image

Image Image Image Image Image

SBA changes 50 57 policy re Submitting Recoverable Expenses
Notice 5000-1311 makes formal information the agency announced at last year’s NAGGL Annual Conference: SBA has now altered when lenders may submit request for reimbursement (effective 4/7/2014):

1. With the Lender’s Purchase Package, or
2. With the Lender’s Wrap-up Report


Testimony of Maria Contreras-Sweet, Administrator, U.S. Small Business Administration before the Senate Committee on Small Business and Entrepreneurship April 9, 2014. Get It >


Image

“Today, with appreciation and humility, I begin my work as SBA Administrator and a relentless advocate for America’s 28 million small businesses.” Get It >


Image

NAGGL CEO Tony Wilkinson and board member Larry Conley (JP Morgan Chase) attended the swearing in ceremony in Washington DC for the newly installed SBA Administrator Maria Contreras-Sweet.


PLEASE NOTE:

The technical clarification version of the 50 10 5(F) is NOW available >  

Notice 5000-1310, which is integral to understanding where alterations were made (since this version contains no tracked changes).


Personal Resources Test Eliminated as of 4/21
SBA’s Final Rule on Personal Resources, Affiliation and CDC operations will be published in the March 21, 2014 Federal Register. Here is the text of the rule >


NEW -- SBA Form 1920
Posted on sba.gov >


NEW -- SBA Form 1919
The updated SBA Form 1919 is now available for download > Don’t be fooled by what the top of the page states (that is, Expiration Date: Fri, 01/31/2014), the actual PDF of the Form carries an expiration date of 8/31/2014. Get it >

Notice 5000-1306 provides an overview of the new SBA Forms 1919 & 1920. The 1920 is not yet on sba.gov.

SBA 1919 as a PDF >


Procedural Notice 5000-1299, SBA Veterans Advantage (12/18/13) Fee waiver on SBA Express loans for veterans This Notice provides details on SBA Veterans Advantage, the reduction of the upfront guarantee fee on SBA Express loans $150,001 to $350,000 from 3% to 0% that is effective 1/1/2014-9/30/2014; provides the definition of “qualified veterans”; and includes an Attachment that outlines the documentation requirements for Veterans Advantage.
Get It >

NO Final Rule on Personal Resources, Affiliation definition expected Jan 9
SBA will not publish its FINAL RULE on loan program 1/9. The rule is still undergoing Administration review and has not been finalized.   

SBA’s FAQ on SOP 50 10 5(F)
Agency reverses mandatory requirement for DUNS
SBA has provided answers to some of the most critical questions about the implementation of the new SOP 50 10 5(F). Most importantly, SBA has reiterated that, effective 1/1/2014, lenders and loan applicants will be required to use current SBA Forms 1919 and 1920 and 912 for all loan applications. SBA reconsidered its requirement that a DUNS number was required for every SLA loan. Get It >  Please check back to the NAGGL Home page frequently for new information on the 5(F) implementation process and more detailed responses to members' specific questions.

Compilation of SOP 50 10 5(F) Questions Get It >


 Image
We need YOUR small borrower success stories ... and you might WIN $275 NAGGL Bucks
We KNOW you have them. Now help us build a treasure chest of 7(a) lending success stories that show how the program helps entrepreneurs establish and grow their small businesses. Send us your borrower success stories and we'll enter you into a MONTHLY drawing to win $275 NAGGL Bucks. Send your stories to 
NAGGL >


ImageGET to the
sba.gov/banking site >

Image

 

SBA LENDING
DAILY NEWS
Get It >

 

Image

Missed our free member service webinar on Storytelling 101?
Learn how to more effectively reach out to media and policymakers to better tell the story of small business lending outside of the banking community. Watch/Listen to the session and download an easy-to-use worksheet to capture your key story elements.
More (login required) >

Image

JOB BANK
SBA LENDER POSITIONS
 More >

**Commercial Loan Processor**
San Diego, CA

**SBA Business Development Officer**
Georgia

**VP - SBA BDO**
Nationwide

Commercial Loan Servicing Agent
San Diego, CA

Small Business Administration Lending Manager
Chicago, IL

Senior SBA 7a Loan Processor/Packager/Underwriter
Las Vegas, NV

GGL Business Relationship Officer
Illinois


 APRIL RATES

 SBA LIBOR Base Rate = 3.15%

 SBA FIXED Base Rate = 5.51%
 Max. Allowable Fixed Rates >

 Prime Rate = 3.25%

 SBA Peg Rate = 3.38%
 April 1-June 30

 This rate may be used as a base rate
 for guaranteed fluctuating interest
 rate SBA loans.

 Need a recent history of interest
 rates? Contact Us >


 Bloomberg Key Rates >

Image

Image


Image

Image

Image

Image

Image

Image
Search SBA's official notices by keyword.
Search It >

All Policy Notices from 2000 to the present.
More >




Critical SBA Lending Links (Lender Portal, Size Standards, Forms Link, E-Tran, IRS, Regional Offices)

Resources > 

7(a) Risk- Based Lender Review File Checklist >


SBA Office of Inspector General Reports Get Into the habit --Visit the SBA Inspector General website and read the reports and memos outlining the IG's findings in their review and oversight of SBA loans!
Go There Now >



ImageSBA loan performance within NAICS

FY 2003-FY 2012 >

NAICS Codes 2011 > 
NAICS Codes FY 2001-2010 >
NAICS Codes FY 2001-2009 >


FRANCHISE PERFORMANCE
Based on the serious flaws within its data, SBA no longer provides to the public its franchise performance data. "Since lenders are not required to provide franchise 'codes' to the SBA, the agency's franchise data is incomplete and its accuracy is questionable." -- FRANdata, 2011

SBA loan performance within franchise
FY2011 >              FY 2001-2010 >
FY 2002-2010 >    
FY 2001-2009 >