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January 23, 2012 -- NAGGL News with President & CEO Tony Wilkinson.


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Online registration >
(members only, password required)


SBA Lender Leadership Summit
February 9-10, 2012

Austin, TX -- SOLD OUT!

Session Descriptions >  

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February 23
Get Acquainted with SBA 7(a) Lending
(Online)

Registration form >  

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Registration Deadline: March 2

Registration form > 

PROCESSING TRACK
March 19-20
Understanding the SOP 50-10
March 21
Advanced SOP 50-10 Training
March 22
Explore the New CAPLines Programs
March 22
SBA Application Processing

PORTFOLIO MANAGEMENT TRACK
March 19-20
SBA Loan Servicing and Liquidation
March 21
Advanced SBA Servicing Issues and Loan Workout
March 22
Advanced SBA Loan Liquidation

CREDIT ANALYSIS TRACK
March 19-20
Mastering SBA Credit Underwriting
March 21
Advanced Cash Flow Analysis

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April 3
Establishing Internal Policies and Procedures for SBA Lending
(Online)

Registration form >  

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April 11-12
SBA Express Lending
(Online)

Registration form >  

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SBA Lending Technical Conference
April 30-May 2
Orlando, FL

Exhibitor Information > 

Preliminary Agenda Format >  

Orlando Flyer >  

Walt Disney World Swan Hotel
Reservations:
800.227.1500
Rate: $195
Cut-Off Date: March 30

One night’s room and tax will be charged to your credit card in advance to secure each room you reserve.

Online Hotel Reservations >

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Obama wants to combine agencies to shrink federal government; Makes SBA chief cabinet-level position

President Obama will ask Congress to give him power to consolidate federal agencies dealing with trade, and will use existing authority to elevate the Small Business Administration chief to a Cabinet-level position. Read more  NAGGL will keep you up-to-date.

Obama Proposing Agency Consolidation to Trim Government > 

Obama Proposes Merging Agencies > 

Obama to propose combining agencies to shrink federal government >    

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Obama to Elevate SBA Chief >  

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SBA LENDING
DAILY NEWS
Get It >

CAIVRS Update
In Notice 5000-1227, SBA extended the deadline for lenders to begin complying with the CAIVRS verification process mandated in SOP 50 10 5(D) to 1/1/2012. NAGGL has been told that a new Notice is in the works that will further extend that deadline to 4/1/2012. Stay tuned & watch this space!

Senate passes omnibus-spending bill appropriating $918.7 million to the SBA for fiscal year 2012

Congress passes $1 trillion omnibus spending bill The House passed a $1 trillion omnibus spending bill today (12/16) and sent it to the Senate for a weekend vote. Senate passage would send the bill to the White House and avert a government shutdown. Both the 7(a) and 504 programs should receive sufficient funding for the balance of the fiscal year.

ImageJeanne Hulit named Acting Associate Administrator, Capital Access
The SBA Administrator has named Jeanne Hulit, Region I Administrator, to serve as Acting Associate Administrator of Capital Access. Hulit has a background in commercial lending. NAGGL looks forward to working with Ms. Hulit. More > 

NAGGL appreciates former AA Steve Smits' leadership of OCA, particularly his implementation of the Jobs Act, the redesign of CAPLines, and many improvements to processes and programs.

TIP on using CAIVRS
Notice 5000-1227 failed to provide one bit of information that is critical when using CAIVRS. There is a trick to use when entering your lender ID (your 9-digit Tax Identification Number or TIN): You must add a capital "T" at the end of the TIN. So, if your TIN is 123456789 – to get CAIVRS to accept it, type 123456789T -- and it should work. 

Small-business lending key to jobs
By Steve Bartlett, Steve Caldeira, Richard Hunt & Tony Wilkinson
               
During the economic downturn, the Small Business Administration has been a lifeline for the small-business community. More >

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GET to the
sba.gov/banking site >

Go here to get a useful summary of live links to sba.gov.

SOP 50 10 5(D)
SBA posted two versions (tracked changes and 'clean') of its new processing SOP. NAGGL has briefly reviewed the changes and has found some cause for concern in areas such as change of ownership (p. 138), EPC/OC structures (p.124), franchise lending requirements (and changes to the Franchise Registry), life insurance requirements (p.204), and more. One major change is to the former Asset Based CapLines subprogram – now called Working Capital CAPLines. Watch your inbox for more details – and our WEBExpress.
Get them here >

NEW Loan Authorization and Boilerplate available!

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JOB BANK
SBA LENDER POSITIONS 
 More >

SBA Analyst / Servicer
Golden Valley, MN

Senior SBA Underwriter
Georgia


January 2012

SBA LIBOR Base Rate = 3.30%

SBA FIXED Base Rate
5.00%
Maximum allowable fixed rates >

Prime Rate = 3.25%

SBA Peg Rate = 2.38%
January-March 2012

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 >

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

All Policy Notices from 2000 to the present.
More >


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FY2012 Production by Lender, District State: 
12/31/12 >  
11/30/11 >  

FY2011 Production by Lender, District, State: 9/30/11 >  

FY2010 Production by Lener, District, State: 9/30/10 > 

View more 7(a) production information on the NAGGL statistics page >

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

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Members, Pick Up Your Pens ...
And Write an Article for the
In Focus

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NAGGL is always seeking educational articles on a wide range of industry topics of general interest to our membership. Contact us >

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Don’t Miss a Thing
NAGGL members...don’t miss out on a single news item. Have us add you to our distribution lists today. It’s free, and your information won’t be shared with any third parties. Sign Up >

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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 >

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A web-based internal valuation tool specifically designed for SBA lenders. FREE 30-day trial! More >

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ImageSBA loan performance within NAICS as of 9/30/10 Get It >



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SBA loan performance within FRANCHISE as of 9/30/10
FY 2001-FY 2010.  Get It >

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