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 (JANUARY 14) Jovita Carranza sworn in as 26th Administrator of US Small Business Administration

 NAGGL congratulates Ms. Carranza and looks forward to working with her on our shared goal of safeguarding affordable  access to capital to the nation’s creditworthy small businesses. 

 (JANUARY 7) Senate Confirms Jovita Carranza as SBA Administrator

 Today the Senate voted 88-5 to confirm U.S. Treasurer Jovita Carranza as the Administrator of the Small Business     Administration. Stay tuned for more information. 

 Learn More About Jovita Carranza >

 


SBA announces guaranty fees for remainder of FY 2020 in Information Notice 5000-19026

Fees apply to ALL 7(a) loans approved 12/21/2019 through 9/30/2020. 

Chart >


(DECEMBER 23) - IVES fees to increase March 1, 2020
SBA shared the notice that it received from IRS notifying IVES users that the user fee on tax transcript requests is going up to $5.00 (up from $2.00) effective March 1, 2020.  More >


 

SOLD OUT!
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

Add your name to wait list >

 


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


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


Click here to view Job Bank positions  >

JANUARY

SBA Underwriter


JANUARY 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 = 4.73%

REMINDER:  LIBOR will soon be sunsetted
History of SBA LIBOR base rate >

SBA Optional Peg Rate = 1.88%  [January 1-March 31, 2020]
[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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