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New Orleans Agenda > 

Session Descriptions >

Exhibit Hall Map > 

Using the Hotel Elevators >

Hotel Map (level 2) >

Hotel Map (level 3) > 

The NAGGL Registration Desk is located on Level 2, inside of Strand 2

Registration Hours: Monday – Noon-6:30 pm; Tuesday – 7:30-11:45 & 1:00-4:30; Wednesday – 7:30-Noon & 1:15-3:00 pm

New Orleans Information: For dining and recreational information in New Orleans, please visit www.neworleans.com or facebook.com/neworleans

REMINDER: There is a Saints v. Cardinals football game scheduled on Sunday, October 27 at Noon. There will be a great deal of traffic between 10:00 am - 4:30 pm.


 

 


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 >
 

Senate Clears Stopgap Funding Through Nov. 21
 
(September 26) - Today the Senate passed H.R.4378, Continuing Appropriations Act, 2020 (Continuing Resolution). The bill will fund the government through November 21, 2019. Included in the bill is an appropriation to fund the 7(a) program, with no allocation limits, through the end of the CR. 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  >

OCTOBER

SBA Operations Director (NH, OH)

Loan Servicer (NC)

SBA Small Loan Underwriter (NC)

SBA Loan Documentation Manager (IL)

Centralized Lending Portfolio Manager (FL, GA, or VA)


OCTOBER RATES

Prime Rate = 5.00%

Fixed Interest Rate Base = Prime [+ allowable spreads]

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

SBA LIBOR Base Rate = 5.01%
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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