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Confirmation hearing for SBA Administrator nominee Jovita Carranza

(December 11) 2:30 pm ET 

Statement of Ms. Carranza >

Watch the hearing >


Federal Register - Calculation of Average Annual Receipts Final Rule >


Continuing Resolution extended to December 20

NOVEMBER 21 - 4:47 pm CT - President Trump signs CR into law;  7(a) program funded through December 20. 

NOVEMBER 21 - Today the Senate passed a continuing resolution (CR) that would fund the government through 12/20. It now awaits the President's signature ahead of the midnight deadline. 

NOVEMBER 19 - NAGGL is hopeful that 7(a) program funding will be extended through 12/20 (which is the date that Congress is talking about for extending the current Continuing Resolution -- and which the House recently passed).  And, of course, any CR extension will be contingent on the president signing it into law. 


SBA Lender Leadership Summit
February 10-11, 2020 - Coral Gables, FL

This is It – our most popular event exclusively for executives and managers of SBA lending departments. This intensely interactive event is full of give-and-take, debate, discussion, news and information. The Summit offers a unique networking environment with a cross-section of SBA lending leaders. 

This event is limited to LENDERS only!
Limited to 1 Registrant per Regular Lending Member
Limited to 2 Registrants per Sustaining Lending Member





Joining a committee is a great way to become more involved, network with other industry professionals, and voice your opinions on some of the most pressing 7(a) lending issues. If you are interested in joining a committee or to continue serving on a committee, please complete the 2020 Committee Nomination Form > 




SBA loan approvals by congressional district - FY 2015-FY 2019 > 


SBA Announces 7(a) Program Fees for Oct. 1 - Nov. 21, 2019
(October 1) - In our last message NAGGL advised that on September 26 the Senate passed H.R. 4378, Continuing Appropriations Act, 2020 (Continuing Resolution). That bill, which included an appropriation to fund the 7(a) program through November 21, was signed into law by the President on September 27. Today, SBA issued Information Notice 5000-19021, 7(a) Fees Effective for the Period October 1, 2019 through November 21, 2019, which provides notice of the 7(a) fees that are expected to be effective for loans approved by SBA during the period of the CR, October 1 through November 21. More >
 

SBA Adjusts Secondary Market Minimum Maturity Ratios; Effective October 1

On September 26, 2019, SBA published a Notice in the Federal Register (84 FR 50876) announcing a change that it is making to its Secondary Market Loan Pooling Program.  For SBA 7(a) loan pools with an issue date on or after October 1, 2019, the minimum maturity ratio for both SBA Standard Pools and Weighted-Average Coupon (WAC) Pools will be 94.0%, a decrease of 100 basis points from the current minimum maturity ratio.
 



Version 15 of Servicing and Liquidation Actions 7(a) Lender Matrix > 


Click here to view Job Bank positions  >

DECEMBER

SBA Underwriter


DECEMBER RATES

Prime Rate = 4.75%

Fixed Interest Rate Base = Prime [+ allowable spreads]

Federal Register Notice (11/2018) >

Maximum Allowable Fixed Rates >

SBA LIBOR Base Rate = 4.69%

REMINDERLIBOR will soon be sunsetted as an index
History of SBA LIBOR base rate >

SBA Optional Peg Rate = 2.13%  [October 1-December 31, 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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