June Spotlight, Bailey "Biff" Barnard

Bailey “Biff” Barnard may be retired from 7(a) lending, but he has plenty of fond memories of the organization he was instrumental in founding.

As he recalls, 20 years ago “a group of us decided to form an association for SBA lenders to build strength in numbers, provide a united voice when addressing SBA issues, and counteract the onslaught from an Administration intent on gutting the SBA.”

“During our discussions, it was clear there was a divergence of views…. Larger, more active lenders wanted greater control; small lenders had separate issues; and, there was a growing interest in SBA lending by non-bank lenders such BIDCOs.”

“Although my company, First Capital BIDCO, represented a small lender, I proposed that all lenders have an equally weighted voice, and suggested the creation of a board of directors that would balance the interests of all member institutions…. Since I’d successfully supported the views of smaller organizations, I was elected NAGGL’s first President.”

“With Tony Wilkinson’s dedication, the guiding leadership of the board, and a great staff, NAGGL has become a truly national association of parties interested in 7(a) lending.”

June 2004, In Focus >