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SBA Office of International Trade wants your input on potential changes to its EXPORT LOAN PROGRAMS

SBA is asking for input on potential changes to its regulations governing its Export Loan Programs through an Advanced Notice of Proposed Rulemaking (ANPRM) with comments due on November 18. Any NAGGL member interested in assisting the agency in its goal to improve the products, procedures, forms, and reporting requirements should make sure to complete and submit their comments no later than the deadline through the regulations.gov site. Because of the complexity and unique nature of export financing, and because  there are so many disparate points of view regarding how the various export programs should be structured, NAGGL decided that it would not be possible for NAGGL to provide comments that would be representative of the differing opinions of all of its members.  Therefore, each lender or service provider that is interested in these programs will need to provide its comments on an individual basis.  We hope that any entity that is interested in export lending will take advantage of this unique opportunity to contribute its ideas on ways to modernize SBA’s export programs. 

ANPRM >

Press release >

 

 

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

Registration Opens: December 11

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. 

 




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  >

NOVEMBER

SBA Underwriter

Small Business Loan Underwriter

Loan Servicer


NOVEMBER 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 = 4.77%

REMINDER:  LIBOR 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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