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WEBExpress - Write Your Loan Report -
January 8
Together with the Loan Authorization, the lender's loan report
(credit memo) is one of the most important documents that SBA will
review. Join Lynn Ozer (Susquehanna Bank) as she takes
you through the most dicey issues covered in a loan report and offers
tips to ensure that your report passes SBA muster.
More >
Online
registration >
WEBExpress - Marketing the 504 Loan in Uncertain
Financial Times - January 22
The eligibility requirements and structural attributes of 504
loans make an attractive credit offering to complement 7(a)
loans. Join Tom Wallace (IDS Corp.) and learn
how to market this aspect of the SBA in conjunction with 7(a) loans.
More >
Online
registration >
Fort Worth, TX - SBA Lender Management
Retreat
Survive & Thrive in Changing Times - February
11-12 |
During a turbulent 2008, a perfect storm
of economic downturn, stalled legislation and 7(a) program constraints
resulted in severe restriction of the secondary market and reduction of
loan volume. The changing of the guard at the White House, Congress, and
SBA, means that the program will experience notable change. Retreat
sessions explore the importance of the anticipated changes, including
the stimulus package, and provide a better view of what lies over
the horizon. Get informed over one and a half days of intense,
participatory sessions. Limited to 75 members.
More >
Online
registration >
WEBExpress - Basics of Analyzing Financial
Statements - February 19
Join instructor Mimi
Case (Temecula Valley Bank) for a a primer course on basic
financial analysis tools, including: Common Size Analysis, Ratio
Analysis and Industry Comparisons. This course is designed for those who
are new to SBA lending or as a refresher for more experienced
lenders.
More >
Online
registration >
Santa Rosa, CA - Custom Training Event - February 23-26
A public custom training event being brought to you through a
cooperative agreement with NAGGL and SAFE-BIDCO. Join instructor Jane
Butler (NAGGL) for Understanding the SOP 50-10
and SBA Servicing and Loan Liquidation. Both
courses qualify for Lender Diploma Credit.
Register by February 6.
More >
Online
registration >
Newport Beach, CA - Standard Training Event - March 9-12
NAGGL's first
standard training event for 2009.
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Advanced SBA
Servicing Issues and Loan Workout
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SBA Credit Analysis
101
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Closing and Funding
the SBA Loan
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Advanced Loan Liquidation
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Mastering SBA Credit
Underwriting Techniques
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Advanced SBA Loan
Documentation and Closing
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Guarantee Purchase
Process and Package Submission
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SBA Express
Lending
Register by
February 13.
More >
Online
registration >
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Pick Your Training
Customized Training Meets Your Needs More
>
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Boston, MA- SBA Lending
Technical Conference - May 5-7
Join NAGGL in Boston, MA for our SBA Lending Technical
Conference (f/k/a Mid-Year Technical Conference) and help us kick off
our 25th Anniversary celebration. Training courses include:
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SBA 1502 Reporting
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SBA Application
Processing
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Understanding the SOP
50-10
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SBA Loan Servicing and
Liquidation
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Mechanics of the SBA 7(a) Secondary
Market
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SBA Express Lending
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Get Acquainted with SBA 7(a)
Lending
Registration Form >
Online
registration >
2009 Preliminary Training Schedule - More
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Post Your SBA Lending Positions - Includes Resume Search - $150
Employers seeking qualified SBA lending professionals. More >
| January SBA LIBOR Base Rate = 3.43% |
January In Focus
More
>
SBA Suports TALF as Good for Small Business
Responding to the Federal Reserve's
release of details on how TALF will work, acting administrator Baruah
stated, "SBA is very supportive of the TALF
program, which will ultimately help bring much needed capital to the
nation’s small businesses." More >
Fed Releases T&C for TALF
The Fed Reserve Board released revised terms & conditions
and Q&A for TALF on December 19. Changes include an extension
of TALF loan maturity to 3 years and additional specifications of
eligible collateral. In the FAQ, it states:"Eligible ABS must be issued on or
after January 1, 2009. All or substantially all of the
underlying credit exposures of eligible SBA-guaranteed loan ABS must
have been originated on or after January 1, 2008.
Mills Selected SBA Administrator
Equity firm
founder, president of MMP Group, key adviser to Maine's governor,
and member of the Obama transition team, Karen Gordon
Mills has been selected by the President-elect to head the
SBA. More >
SBA Statement >
Interim Final Rule - Lender Oversight
On January 12, a new regulation takes effect
that codifies a "new framework for
SBA's lender oversight program to ensure that directions are clear and transparent to lenders and
the public." It clarifies supervision and enforcement actions for all
program participants. SBA received hundreds of comments during the publicized comment period
in early 2008 & now gives lenders a FINAL chance to comment by March
11. NAGGL's analysis of any changes from the original proposed rule will
be highlighted in the January In Focus, as well as on the
homepage.
Correction: Authorization
2009.1 - January 2
In the December 19 News Flash, NAGGL stated inaccurately
that use of the new 7(a) Authorization was required as of December 1.
However, with the release of the updated Authorization to include LIBOR
as an option (5000-1083), it states that on January 2,
2009, all 7(a) loans must be authorized with Version
2009.1.
Senator Landrieu to Lead Senate SBC
Senator Mary Landrieu (D-LA) has been tapped to lead the
Senate Small Business & Entrepreneurship Committee and has called on
President-elect Obama to elevate SBA to a cabinet-level
position. More >
Forming WAC Pools: Program Guide
Procedural Notice: 5000-1086 >
Senators Want Treasury to Purchase SBA-Backed
Securities
Schumer has introduced the 10 Steps for a Main Street Economic
Recovery Act which strengthens the Treasury’s authority to
purchase SBA backed securities in the secondary market. More
>
First 100 Days: Think Big. Start Small.
A new initiative from NSBA is aimed at the incoming 111th
Congress and President-elect Obama's administration, reminding them that
the best way to revive the ailing US economy is to think big and start
small. The "Think Big. Start Small." initiative will focus lawmakers on
one undisputed fact: small business has been, and must continue to be,
the engine that drives the U.S. economy. More >
Senator Snowe on What Should Change at SBA
A Business Week interview with the senator begins with her statement,
"First, I hope that one of the incoming Administration’s initial
actions is to elevate the SBA Administrator to Cabinet-level
status." More >
Treasury Provides TARP Funds to Federal Reserve - $20
Billion Will Back Lending Facility for ASB to Include Loans
Guaranteed by SBA
As members learned in a Breaking News Alert, the Treasury Department announced that it will
allocate $20 billion to back a lending facility for the
consumer asset backed securities market established by the Federal
Reserve Bank of New York. The new facility will be known as the
Term Asset Backed Securities Loan Facility
(TALF). Details are still forthcoming, Secretary Paulson's remarks, in which he states, "By
providing liquidity to issuers of consumer asset backed paper, the
Federal Reserve facility will enable a broad range of institutions to
step up their lending, enabling borrowers to have access to lower cost
consumer finance and small business loans." In addition, a TALF term
sheet is available here.
SBA
Press Release >
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