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For the health and safety of our attendees, NAGGL has proactively decided to host the 2020 Annual Conference virtually on Tuesday, October 27 - Thursday October 29

This virtual event will replace our in-person conference originally scheduled for November 2 - 4 at the Cosmopolitan in Las Vegas, Nevada.

We'll continue to update you on the latest registration information, schedule of events and more at


Contact us for Sponsor/Exhibitor information > 



SBA PPP site >

NAGGL PPP Archive >

Chart of PPP Interim Final Rules >

Department of the Treasury PPP site > 

SBA Resources by State (including lenders)  >

Timeline of PPP Guidance >     

Lender Assistance Hotline:  (833) 572-0502 

Find eligible lenders ( tool) >

List of active SBA lenders >        



(August 10) SBA releases Procedural Notice 5000-20042,  Guidance on Underwriting 7(a) Loans during the COVID-19 Pandemic and Miscellaneous Related Matters  (effective 8/7/2020). The notice provides guidance, which will remain in effect until 12/31/2020, regarding the additional credit factors that lenders will be required to consider when analyzing an applicant’s ability to repay a 7(a) loan. It also discusses other relevant issues related to processing 7(a) loans and SBA Express loans during the COVID-19 emergency.

Read NAGGL’s Brief Summary >





(August 13 7:15 AM EDT)  SBA’s systems’ issue which had impacted CAFS and ETRAN has been resolved.

(August 12 4:45 PM EDT) SBA’s Office of the Chief Information Officer has advised that a current circuit outage is affecting CapAccess Systems including CAFS and ETRAN.  The Agency is working to resolve the issue and NAGGL will notify members when we hear that service has been restored.

(August 11 9 PM EDT) – New guidance and information issued by Treasury/SBA:

  • IFR #23, Appeals of SBA Loan Review Decisions Under the PPP, informing PPP borrowers and lenders of the process for a PPP borrower to appeal SBA PPP loan review decisions to SBA’s Office of Hearings and Appeals.

  • FAQ #s 50 & 51 re: payment or nonpayment of fees to agents or other third parties having no impact on SBA guarantee or payment of fee by SBA to lender; and inclusion of vision and dental and benefits as part of group health care benefits.

  • Forgiveness FAQ – new section including 3 questions relating to Economic Injury Disaster Loans.

  • PPP loan approval data through 8/8 showing a total of 5,212,128 PPP loan approvals totaling $525,012,201,124 (net) made by 5,460 lenders.  Additional detailed data included in the report (view/download data).

(August 7) Reminders for lenders:

  • PPP lending sunsets Saturday, August 8, 2020 at 11:59 PM EDT

  • NAGGL expects SBA to provide final PPP loan statistics and borrower information soon after the program ends, so lenders have only the next few days to correct any loan errors or to update individual loan records to reflect, for example, loan cancellations

  • On Sunday, August 9 lenders should expect E-Tran/CAFS to be unavailable for a few hours (likely in the afternoon EDT) for SBA to perform routine maintenance

  • On Monday, August 10, the PPP Forgiveness Platform will become available for lenders to submit PPP forgiveness applications

  • Expect additional guidance from SBA on loan forgiveness, processing change of ownership transactions for PPP borrowers, etc.

(August 4) SBA releases a new separate FAQ document, Frequently Asked Questions (FAQs) on PPP Loan Forgiveness. The 10-page document divides the questions by topic: General Loan Forgiveness (3 FAQs); Loan Forgiveness Payroll Costs (8 FAQs); Loan Forgiveness Nonpayroll Costs (7 FAQs); and, Loan Forgiveness Reductions (5 FAQs).

(July 29) SBA releases Procedural Notice 5000-20041: Further Guidance on the Implementation of Section 1112 of the CARES Act,Subsidy for Certain Loan Payments, for the 7(a)Loan Program >

Read NAGGL's Brief Summary > 

(July 23) SBA releases Procedural Notice 5000-20038: Procedures for Lender Submission of Paycheck Protection Program Loan Forgiveness Decisions to SBA and SBA Forgiveness Loan Reviews >

Read NAGGL's Brief Summary >





(July 27 7 PM EDT) NAGGL Update on Fourth Package Negotiations >

(July 16) Tune in on Friday, 7/17 at 10:30 AM EDT for the House Small Business Committee hearing on Oversight of the Small Business Administration and Department of Treasury Pandemic ProgramsRewatch >

(June 17) Tune in at 1 PM EDT today to the House Small Business Committee hearing on Paycheck Protection Program: Loan Forgiveness and Other Challenges.

Watch Live >
Read Eduardo Sosa's written testimony >

(June 5 11:30 AM EDT) NAGGL issues clarification on recent release re: H.R. 7010 - PPP Flexibility Act >

(June 4 10 AM EDT) Senate passes Paycheck Protection Program Flexibility Act of 2020; Bill awaits President's signature. Read Press Release > 

(May 20) Senate Passes Small Business Lending Continuity Act

(May 15) HEROES Act passes House




The Administration’s budget proposal again estimates a positive subsidy for the 7(a) program in FY2021 to the tune of $15 million. Read NAGGL's in-depth analysis of the Administration’s budget proposals – and please remember that the final federal budget crafted by the Congress will likely look very different. 

The Committee on Small Business held a hearing on February 26 titled, A Discussion with SBA Administrator Jovita Carranza: Current Issues and the FY2021 Budget, .  Watch the recording >




NAGGL's Secondary Market Committee provided an updated Standardized Secondary Market Bid Sheet (supplied as-is with no implied endorsement) >

Click here to view Job Bank positions  >





Prime Rate = 3.25%

Fixed Interest Rate Base = Prime [+ allowable spreads]

Maximum Allowable Fixed Rates >

SBA LIBOR** Base Rate = 3.16% 

**REMINDERLIBOR will soon be sunsetted
History of SBA LIBOR base rate >

SBA Optional Peg Rate = 0.88%  [July 1-September 30, 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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