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 (August 4) - The Hill - Budget deal sparks scramble to prevent shutdown


(August 20) SBA LENDER PORTAL USERS

The current Lender Portal is in the process of being updated. Therefore, for the next 2 weeks, the Lender Portal may be accessed here >


(August 1) - SBA Procedural Notice describes new procedures for fingerprint background checks

Procedural Notice 5000-19014 announces a change in procedure for submitting fingerprint background checks for character evaluations to determine eligibility of an individual when an FBI background check is required in connection to a 7(a) or 504 application. There is NO change to the criteria used to determine if the background check is required or to the required documentation. 




 

Click here to view Job Bank positions  >

AUGUST/SEPTEMBER

SBA Operations Director (NH, OH)

Loan Servicer (NC)

SBA Small Loan Underwriter (NC)


AUGUST RATES

Prime Rate = 5.25%

Fixed Interest Rate Base = Prime [+ allowable spreads]

Federal Register Notice (11/2018) >
Maximum Allowable Fixed Rates >

SBA LIBOR Base Rate = 5.24%%
History of SBA LIBOR base rate >

SBA Optional Peg Rate = 2.63%  [July 1-September 30, 2019]
[SOP 50 10 5, "Base Rates will be rounded to two digits with .004 being rounded down and .005 being rounded up."]


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Calendar

9/11/2019 » 9/12/2019
Cincinnati Area - Understanding the SOP 50 10

9/17/2019 » 9/18/2019
Orlando, FL - SBA Loan Servicing and Liquidation

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