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Federal Register Notice announces changes to the 7(a) Secondary Market

The August 17 Federal Register contains notice of a change to the 7(a) Secondary Market.  Effective for 7(a) pools with an issue date on or after October 1, 2018, and in order to “decrease the difference between the amortization rates of the guaranteed portions of loans in a Pool”, SBA is increasing the “minimum maturity ratio for both SBA Standard Pools and Weighted-Average Coupon (WAC) Pools by 1.0%, to 95.0%. The changes described in this Notice are being made to ensure that there are sufficient funds to cover the estimated cost of the timely payment guaranty for newly formed SBA 7(a) loan pools.”


SBA announces FY 2019 fees in Information Notice 5000-180010 >

NAGGL-created fees chart >


SBA releases Loan Authorization Wizard, 2018 >

2018 7(a) Boilerplate >


On Monday SBA formally announced in the Federal Register that it will be holding two public meetings to provide opportunities for interested parties to share their thoughts about the “financing of small poultry farms”. You can access a copy of the Federal Register here.
 
As part of its current internal review of its policies and procedures related to providing SBA-guaranteed loans to farmers in the poultry industry, SBA is holding these meetings in order to “better understand the credit needs of small business poultry farmers, their business operations, and their relationship to integrators in the poultry industry”. It is important to note, however, that SBA will not be sharing its views or policy recommendations during the meetings.  
 
The first meeting will be in Gainesville, GA (approximately 60 miles from Atlanta), on 8/16/2018. The last meeting will be in Little Rock, AR, on 8/22/2018Participation in each of the meetings will be limited to the first 50 individuals who pre-register on each meeting-specific sites.
 
If you are interested in providing feedback to SBA regarding poultry business financing, please refer to the Federal Register for important details about the meetings including times and exact locations, and how to register to attend.  

SBA releases new Form 413 and Notice 5000-180009


GAO releases report - Additional Actions Needed to Improve Compliance with the Credit Elsewhere Requirement

Highlights page >  |  Full report >


House Committee markup of proposed legislation on CRE appraisal threshold 

The House Committee on Small Business met to markup the 7(a) Real Estate Appraisal Harmonization Act (H.R. 6347) on July 18. If enacted, the immediate effect of H.R. 6347 would be that the current statutory appraisal threshold amount for an SBA 7(a) loan secured by commercial real estate would be raised from $250,000 to $500,000 to match federal regulators' current commercial real estate transaction appraisal threshold amount (as amended on April 9, 2018).  More >

NAGGL letter of support >


SBA publishes version 14 of Servicing & Liquidation Actions 7(a) Lender matrix

This PDF highlights most of the changes >  |  Clean version >


Annual Conference on Small Business
November 13-15 • San Diego, CA

Registration Fee:
BY October 5: $1,095 Mbr, $1,595 N-Mbr, $675 Govt
AFTER October 5: $1,350 Mbr, $2,050 N-Mbr, $675 Govt   

Register NOW >

 

 

 

 

LOCATION
Manchester Grand Hyatt
1 Market Place
San Diego, CA  92101

Direct: 619.232.1234
Reservations: 888.421.1442
Room Rate: $279
Hotel Cut-Off: October 19 (or until sold out)
Online Reservations > 

Due to unexpectedly high demand, the original block of
NAGGL rooms at the $279 rate is close to selling out.
We have successfully secured a small number of additional
rooms at a slightly higher room rate of $309.

 

 

 

 

 

 

 

 

 

 

Pre-Conference Training: November 12-13

DATE  COURSE  FEE
 November 12
 Advanced Credit Analysis* (formerly Advanced Cash Flow Analysis)
 $495 Mbr, $895 N-Mbr, $345 Govt
 November 12-13

 Advanced SBA Loan Documentation and Closing*

 $755 Mbr, $1,155 N-Mbr, $525 Govt
 November 12-13
 Advanced SOP 50 10 Training*  $755 Mbr, $1,155 N-Mbr, $525 Govt
 November 12-13
 SBA Loan Servicing and Liquidation*
 $755 Mbr, $1,155 N-Mbr, $525 Govt
 November 12-13  Understanding the SOP 50 10*  $755 Mbr, $1,155 N-Mbr, $525 Govt
 November 13
 SBA Construction Lending
 $495 Mbr, $895 N-Mbr, $345 Govt

 
*Course qualifies for applicable NAGGL Diploma Program credit.


SOP 50 10 5(J) - Tracked changes >  |  SOP 50 10 5(J) - Highlighted >

SOP 50 10 5(J) - WATERMARKED Technical Corrections version -- to help you keep it straight!


 

Click here to view Job Bank positions  >

Santa Cruz, CA

Stillwater, MN



Calling all political junkies! Interested in better understanding the ins & outs of government relations as it relates to the 7(a) program? Want to know how to best communicate with your congressional representatives and the agency while getting involved with NAGGL leadership and learning about our PAC? Add an Individual Membership to your existing NAGGL membership. Get FAQ > 

AUGUST RATES

SBA LIBOR Base Rate = 5.08%
History of SBA LIBOR base rate > 

Prime Rate =5.00%

SBA FIXED Base Rate = 8.13%
Maximum allowable fixed rates >

SBA Optional Peg Rate = 2.88% [July 1-September 30, 2018]
[p. 127, SOP 50 10 5(I), "Base Rates will be rounded to two digits with .004 being rounded down and .005 being rounded up."]


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Calendar

8/20/2018
Orlando, FL - How to Get SBA to Honor Its Guaranty

8/23/2018
WEBExpress: Common Servicing Actions That *Involve Collateral*

9/11/2018 » 9/12/2018
Dallas Area - Understanding the SOP 50 10

9/13/2018
WEBExpress: When a Workout Really Works

9/20/2018
WEBExpress: Planning for Liquidation

Member Resources