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

Although not yet available on sba.gov,  version 14 dated May 1, 2018 of the 'Matrix' is available on the CAFS site here >

This PDF highlights most of the changes >

Clean version (CORRECT) >


Comment by Monday, May 18 - Establishment of permanent alternative size standard

SBA adopted temporary legislative alternative size standard by Notice 5000-1175 dated September 29, 2010 and is now considering establishing a permanent alternative size standard for the 7(a) and 504 programs.  
 
NAGGL's comment letter is available here > 


Administrator McMahon testified before Senate Committee on May 15
SBA Administrator Linda McMahon testified Tuesday, May 15 before the Senate Committee on Small Business & Entrepreneurship in a hearing titled The State of Small Business in America: An Update from the U.S. Small Business Administration. Watch the webcast here >

Administrator McMahon testimony >


House passes H.R. 4743 Small Business 7(a) Lending Oversight Reform Act of 2018  [5/8]
More >


Appraisal threshold for SBA 7(a) loans remains at STATUTORY $250,000 or greater
Despite a final rule published April 9 by federal regulators, SBA lenders must continue to abide by the threshold set by STATUTE and as contained in the SOP 50 10 5(J), pages 194-196. See the News Flash (4/12/18) >


 

FY 2019 President's PROPOSED Budget 

Small Business Administration Budget Proposal >

More >

FY 2019 budget and we will provide more written analysis in coming weeks. It is important to recall that this is a proposed budget that will be finalized by Congress. A couple of the key proposals:

$30 billion 7(a) authorization cap
Increases maximum ongoing fee from 0.55% to 0.625%
Sets the ongoing fee at 0.55% for loans less than $1 million and at 0.625% for loans $1 million or more
Eliminates all borrower fee waivers not required by law (e.g., veterans SBA Express)
Increases the upfront (borrower) guaranty fee on loans $1 million or greater
Introduces a secondary market fee up to 0.05% per year of outstanding balance of loans sold 
Increases SBA Express limit to $1 million

Stay Tuned & Stay Engaged -- there is a LONG road of analysis and discussion ahead before anything in the proposed budget becomes a reality. NAGGL has already begun discussions with The Hill on the FY 2019 budget. NAGGL, as always, is on top of it and remains your source for credible information!

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!


Link to the NEW Franchise Directory >


FY 2018 Fees (includes chart) >


  Click here to view Job Bank positions  > 


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 > 

MAY RATES

SBA LIBOR Base Rate = 4.91%
History of SBA LIBOR base rate > 

Prime Rate =4.75%

SBA FIXED Base Rate = 7.87%
Maximum allowable fixed rates >

SBA Optional Peg Rate = 2.63% [April 1-June 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

6/6/2018 » 6/7/2018
Cincinnati, OH - Understanding the SOP 50 10

6/11/2018 » 6/14/2018
Salt Lake City, UT - 7(a) Lender Classroom Training

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