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JUNE 26: 7(a) Volume Up Some; 100 ARC Loans Processed, Few Hundred More Waiting at Processing Center; Dealer Floorplan Financing Pilot Initiative; Events

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Make Our Favorite ORANGE Recipes
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 WEB Training
 Understanding the New SBA Dealer Floor Plan Pilot Initiative


Wednesday, July 8  - 11:30 am-1:30 pm (Eastern)
Cost: $125

Grady Hedgespeth
, SBA's Director, Office of Financial Assistance, and representatives from NAGGL, NADA, and the floor plan administration industry will review SBA's new dealer floor plan (DFP) loan guarantee pilot program. This session is designed as an in-depth overview for current SBA lenders and current and past floor plan lenders.
  • Program details
  • Why and how lenders should get involved
  • Key program and floor plan issues of concern
  • How floor plan administration services may help lenders participate

More >

Register Online (NAGGL members) >

Contact us >

 

WEBExpress - How to Prepare for a Lender Review - Tuesday, July 21
Register >

WEBExpress - Critical Closing & Documentation Issues - Thursday, July 23
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WEBExpress - ABCs of Selling Loans- Wednesday, July 29
Register >

WEBExpress - Write Your Internal SBA Policy & Procedures - Thursday, August 6
Register >

WEBExpress - Get Acquainted with SBA 7(a) Lending - Thursday, August 13
Register >

Chicago, IL - NAGGL Regional Training - August 24-28
Join NAGGL in Chicago for this special regional training event, being brought to you through a cooperative agreement with Banco Popular North America.
More information >
Registration Form >
Online Registration >

Upcoming Online Training

Don't miss our next online education opportunity: SBA Application Processing.


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2009 Mid-America Lenders Conference
Sugar Land, TX - August 10-11
Early-Bird Registration extended until June 15!
More >


Phoenix, AZ - NAGGL Annual Conference on Small Business Lending
Join NAGGL in Phoenix, AZ for a week full of the industry's best training!

  • Understanding the Lender Oversight and the Review Process
  • Mechanics of the SBA 7(a) Secondary Market
  • Writing an Effective Credit Memo
  • Get Acquainted with SBA 7(a) Lending
  • Understanding the SOP 50-10
  • Advanced SBA Loan Documentation and Closing
  • Advanced SBA Servicing Issues and Loan Workout
  • Guaranty Purchase Process and Package Submission
  • Advanced SBA Loan Liquidation

Online Registration >

   

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SBA Lending Positions - Post for $150/Month

  • Need an Experienced SBA Lending Professional?
  • Need a Position with an SBA Lending Institution?

    Dallas, Texas Community Bank Seeks Sr. Credit Analyst

    More >

    Junior Loan Officer, Loan Closing Specialist Sought in Atlanta Area
    More >

Recent Industry Articles > 

Notice 5000-1114 - NEW Version of 7(a) Authorization & Boilerplate

Notice 5000-1115 - Instructions on 1502 Reporting and ePayments of Accrued Interest to Lenders for ARC Loans

SBA Announces Dealer Floor Plan Pilot Initiative
Federal Register Notice >

Advance Rates & Guarantee Percentages >

SBA, NAGGL, and NADA are joining forces to present a web-based training session on the new SBA Dealer Floor Plan Lending Pilot Initiative on Wednesday, July 8, starting at 11:30 am Eastern/10:30 Central/8:30 Pacific.

Press Release >

FAQ >

Emergency small business loans to the rescue >
"It's been a slow start because lenders are either saying 'I have so many questions that I won't bother playing' or 'Give me time to have my questions answered and I'll decide.'" [NAGGL] has collected a list [of] questions from its constituency … "They want to know, for example, how fast will the SBA pay the interest on the loans," says Wilkinson. "And, with a 60% default rate expected, [they want to know] how and when can they collect on a guarantee, given that one of the biggest expenses is liquidating a loan."

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ARC Loans - FORMS for Lenders (and Borrowers) - Download >

ARC Loans Procedural Guide - DRAFT -   Download >

ARC Loans: Get Reliable Details from our June 8 News Flash >

ARC Loan NOTE [SBA Form 2318] Download >

ARC Loan Authorization   More >

FINAL Servicing & Liquidation Actions - 7(a) Lender Matrix
More >

 

Dealer Floor Plan Financing Pilot Initiative
SBA's newest initiative begins July 1, 2009: the Dealer Floor Plan Financing Pilot Initiative. Floor plan financing is a line of credit that allows dealers to borrow against their inventory, and then repay that debt as they sell their inventory or borrow against the line of credit again to add new inventory. Under the DFP pilot initiative, SBA will offer a 75% guarantee on revolving lines of credit in amounts between $500,000 and $2 million. The maximum maturity for the loans will be five years, and the maximum advance rate will be 90% of the wholesale price of auto and light truck inventory and 80% of the wholesale price of other inventory. We understand that you may need more details about SBA's dealer floorplan initiative, but we're curious if your lending institution plans to participate?

E mail questions > 

 

 

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MEET LENDER SERVICE PROVIDERS
Need an Appraisal? Environmental Report? Lawyer? Packager? Outsourced Processing or Servicing? SBA Lending Software? Business Valuator? or any other type of service, simply click here to view our Associate Members >

SOPSearch
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SEARCH ALL SOPs - ALL NOTICES
Link to CFR and forms from the new 50-10(5) when you're online. A search returns cross-referenced results of all SOPs (including the 50-11, Credit Underwriting) and notices in seconds. Just click the link to review the citation. INVENTORY CLEARANCE - 50% OFF. More >

KEY RATES from Bloomberg.com
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FREE Reports (Click the icon)
SBA loan performance within
NAICS and Franchise code


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FY 2001-FY 2008.

Top SBA 7(a) Lenders, FY 2008
The 500 most active 7(a) lenders, by volume and dollars, from fiscal year 2008.
By Loan Volume >
By Dollar >

Gross Loan Approval: FY 2004 through FY 2008
Get the PDF of SBA's gross loan approval report for year-end FY 2004-FY 2008. More >
NAGGL spreadsheet >

Critical SBA Lending Links (Lender Portal, Size Standards, Forms,
E-Tran, IRS, Regional Offices) 
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Custom Training - Pick Me!

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A web-based internal valuation tool specifically designed for SBA lenders. FREE 30-day trial! 
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Unlimited free technical assistance, timely and accurate news, and an expansive network of peers are just a few of the reasons NAGGL has the most loyal member base in the 7(a) industry. Get all the information you need about becoming a member of the only national association that focuses on the 7(a) lending industry. More >

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All Policy Notices from 2000 to the present. More >

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Get Involved > 
Visit the Legislative Action Center >

In Memoriam
NAGGL was recently notified that Pete Haginas (Haginas & Chapman/AMS in Houston, TX) passed away in December from complications with Myasthenia Gravis (muscle disease). Pete had been active in the association since 2002 servicing as a conference speaker and exhibitor on several occasions. more >
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