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SBA to allow e-signature use
As of January 1, 2015, SBA lenders will be able to utilize electronic signatures
in accordance with standards outlined in Notice 5000-1322 >


Join 133 of your colleagues & enlist now >

www.naggl.org/operationvetaccess

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Online Registration >
(members only, password required)

January 8
WEBExpress: A Look Back at 2014 – The Year in Review
Online Registration >
Registration Form >


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February 17-18
SBA Lender Leadership Summit
Dallas, TX
Online Registration >
Registration Form >

LENDING Members-only
Limited to 2 individuals per company
Registration Limit: 75


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March 23-26
Classroom Training
Long Beach, CA

Registration Opens: January

We anticipate high enrollment for this event so please register early!

March 23
• Advanced SOP 50 10 Training

March 23-24
• Understanding the SOP 50 10
• Closing and Funding the SBA Loan
• Advanced SBA Loan Documentation and Closing

March 24
• Advanced SOP 50 10 Training
• Advanced Cash Flow Analysis

March 25
• Understanding How to Get SBA to Honor Its Guaranty

March 25-26
• Fundamentals of SBA Credit Underwriting
• SBA Loan Servicing and Liquidation
• Advanced SBA Loan Servicing and Liquidation

March 26
• Understanding Lender Oversight and the Review Process


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SBA Lending Technical Conference  
May 5-7 • San Antonio, TX

Grand Hyatt San Antonio
600 East Market Street
San Antonio, TX  78205

Direct: 210.224.1234
Reservations: 800.233.1234
Room Rate: $189
Hotel Cut-Off Date: April 10
www.grandsanantonio.hyatt.com

Registration Opens: January


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SBA LENDING
DAILY NEWS
Get It >



 


SBA Loans Fill Critical Void
By Tony Wilkinson
The holiday shopping season is in full swing. Whether someone owns, is employed by, or shops at one of the many small businesses across the country, the need for a robust small business economy is particularly clear during the holidays. more >


5000-1330, 12/15/14, SOP 50 57 – 7(a) Loan Servicing and Liquidation: Clarification of Credit Bureau Reporting


CRomnibus passes Senate late Saturday, provides $18.75 billion for
7(a) loans
The Senate passed a $1.1 trillion spending package that will fund most of the government, including the SBA, through the end of fiscal year 2015. Thanks to the hard work of NAGGL's government relations team, including an early December visit to several Hill offices, SBA will see increased lending authority for its flagship 7(a) program--up to $18.75 billion. (The stop-gap CR that expired on December 11 provided only $18.5 billion.) This is very good news for our ever-growing industry since 7(a) volume increased 43% in just the first two months of FY 2015. (More >)


Comments now due 2/15/15
SBA has granted NAGGL’s request to extend the comment period on the proposed rule dealing with Agent Revocation and Suspension Procedures. Comments will now be due on February 14, 2015.


Federal Register Notice requests comments on Franchise Agreement ReviewsAffiliation and Eligibility for Financial Assistance > Comments must be submitted by February 6, 2015  - Stay tuned!

5000-1329, Required use of E-Tran by all 7(a) Lenders for Certain Unilateral Servicing and Liquidation Actions


Lender Information Portal webinar recording > (27 min, 8 sec)


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Congratulations to State Bank Northwest for being our first "Member Spotlight". more >


SBA Will Continue to Zero Out Fees on Small Dollar Loans, Expands Relief for Larger Loans to Vets
The SBA has announced that fee relief on 7(a) loans of $150,000 or less implemented last year and originally slated to expire on Sept. 30, will be extended through fiscal year 2015. SBA has also announced that fee relief measures for SBA Veterans Advantage will also be renewed as well as enhanced. Both items become effective October 1, and will remain in effect through Sept. 30, 2015.  more >


FY 2014 Top Lenders List

FY2014 Top SBA 7a Lenders Revealed >

Top 30 >
by loan volume, tab 1
by dollars, tab 2


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sba.gov/banking site >

 

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Member Toolkit Webinars
Missed any of the the NAGGL 2014 Member Toolkit webinars? Login now to learn how YOU can engage through outreach to policymakers on local, regional, and national levels. Get It >


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JOB BANK
SBA LENDER POSITIONS
 More >

Lending Manager,
Business and Real Estate
Santa Cruz, CA

GGLD Loan Officer/
Business Development Officer
Bakersfield/San Joaquin Valley, CA

SBA Loan Processor
Los Angeles, CA

SBA Loan Processor & Note Closer
Los Angeles, CA

SBA Underwriter
Seattle, WA


 DECEMBER RATES

 SBA LIBOR Base Rate = 3.16%

 SBA FIXED Base Rate = 5.19%
 Max. Allowable Fixed Rates >
 
 Prime Rate = 3.25%

 SBA Peg Rate = 3.13%
 October 1-December 31

 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 >



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 >


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