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

Highlights page >  |  Full report >


July 26 – WEBExpress: Best Practices When Hiring an LSP or Broker -- with Rachel  Zippwald & Nick Jellum
July 31-August 1 – Advanced SOP 50 10 Training (Washington, DC)
August 9 – WEBExpress: Common Servicing Actions That Don’t Involve Collateral
August 20 – How to Get SBA to Honor Its Guaranty (Orlando, FL) -- take gold-standard training on a topic every lender must be well versed in: protecting the SBA guaranty! Taught by recognized expert David Starfield
August 23 – WEBExpress: Common Servicing Actions That Involve Collateral
September 11-12 – Understanding the SOP 50 10 (Dallas, TX)
September 13 – WEBExpress: When a Workout Really Works
September 20 – WEBExpress: Planning for Liquidation                                                                              Go >
 

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

Exhibitor Prospectus > 


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 >

 

 

 

 

 

 





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.


FY 2019 President's PROPOSED Budget 

Small Business Administration Budget Proposal >  |  More >

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!


 

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 > 

JULY RATES

SBA LIBOR Base Rate = 5.10%
History of SBA LIBOR base rate > 

Prime Rate =5.00%

SBA FIXED Base Rate = 8.03%
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

7/31/2018 » 8/1/2018
Washington DC Area - Advanced SOP 50 10 Training

8/9/2018
WEBExpress: Common Servicing Actions That *Don’t* Involve Collateral

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

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

Member Resources