20 Years of Success

Each month during 2004, our 20th anniversary year, we took a look back to recall an association or industry milestone. In 20 years of service to the SBA Lending Community, NAGGL has created many memories.

Looking Back, October - SOP Revisions
The SOP has come a long way in the three decades since its predecessor the National Directive 510 was issued. The 7(a) program has expanded significantly from the 1960s when all loans were made directly by the SBA. Now, thousands of employees at 5,000 participating lenders read and interpret the SOP, making clarity and detail more important than ever. More >                                           

In Focus Archive >     

Looking Back, September
1997: National Loan Authorization
With more than 70 loan authorizations existing in the field, the SBA Authorization Committee was formed in mid-1997 to write and automate the first national standard 7(a) loan authorization. More > 

Looking Back, August
For 20 years, members have asked, "Why is NAGGL located in Stillwater, Oklahoma?!"  More >

Looking Back, July
NAGGL’s monthly newsletter has been published since 1984. Known by various names, the newsletter has always been proof that NAGGL Gets It. More >

Looking Back, June
1998: The SBA's Commercial Loan Servicing Centers
Aided by feedback and cooperation from NAGGL, the SBA established its first Commercial Loan Servicing Center (CLSC) in Fresno, CA as a pilot in 1988. More >

Looking Back, May
1994: National PLP Processing Center Opened
In 1994, aided by feedback from NAGGL, the SBA streamlined its operations by opening the national PLP processing center. More >

Looking Back, April
NAGGL Eases Early Secondary Market Challenges
One of the issues that led to NAGGL's formation was a secondary market issue of concern to many SBA lenders. More >

Looking Back, March
Number Tell Tale of Steady Program Growth
March's Spotlight Founding Member Gary Youmans credited NAGGL with tremendous program growth over time. Comparing loan volume numbers from 1990 to those today bears his assertion out. More >

Looking Back, February
NAGGL Wins First and Biggest Battle
"Spray[ing] a faint mist of subsidized credit into the weakest and most prosaic nooks and crannies of the nation's $4 trillion economy." That was Reagan Budget Director David Stockman's estimation of the SBA in 1985. Taking that Administration on was NAGGL's first and most important battle. More >