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****  December 7 (9:32 am CT):  Trump Signs Two-Week Stopgap Funding, Averting Shutdown ****

Registration opens Friday, December 14 

Limited to Lenders Only

Limited to 1 Registrant per Regular Lending Member
Limited to 2 Registrants per Sustaining Lending Member


December 6 (11 am CT): House passes 2-week extension on funding government  -- including SBA; Senate expected to pass later today to avert partial shutdown 

December 6 (Noon CT): Senate sends 2-week extension bill to Trump for signing

December 4 News Flash >

***December 7 (9:32 am CT):  Trump Signs Two-Week Stopgap Funding, Averting Shutdown ****

“Being involved in committees connects you with other involved professionals in an open forum which can be utilized to:  Talk through the complicated, ever-changing SBA rules; exchange experiences and share solutions; and provide valuable feedback to NAGGL on roadblocks, hurdles and pain points that keep the industry from being successful at getting capital into the hands of SBA borrowers.” 

Complete the online form by December 28 to be considered for a Standing or Regional Liaison Committee -- or both! 


2018 NAGGL Annual Conference
Award Winners > 


SBA extends deadline for comments on Proposed Rule (SBA Express, Affiliation) to December 18
On Friday, November 16, the agency extended the deadline for submitting written comments on the large Proposed Rule that contains several significant PROPOSED changes to the 7(a) program.  Please take the time to read the complete Proposed Rule and submit your written comments by the deadline.

Easy to read version >

NAGGL comment letter on Notice of Extension of and Changes to Community Advantage Pilot Program 

NAGGL submitted its comment letter last week >

Federal Register November 6 announces change to SBA fixed base rate, maximum allowable fixed interest rates

Because LIBOR will be phased out by the end of 2021, SBA has announced that the new "benchmark for the calculation of the maximum allowable fixed interest rate for a 7(a) loan" to be used for determining maximum allowable fixed rates will be the Prime Rate. To address differences between former Fixed Base Rate and Prime, SBA is increasing the maximum allowable spread AND that spread will no longer depend on the term of the loan:


Effective November 6 for “any complete 7(a) loan application received by SBA or any request for an SBA Loan Number submitted by a Lender with delegated authority (including fixed rate SBA Express and Export Express loans and excluding EWCP loans and Community Advantage loans).”  Prime on November 1, 2018 was 5.25%

NAGGL CEO Tony Wilkinson tells members HOW to share their input on SBA's important new Proposed Rule

FY18 SBA Top 30 Lenders List > (tab 1 - Loan Volume, tab 2 - Dollars Approved)

SBA Proposed Rule contains substantial proposed changes

Easy to read version >

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

NAGGL-created fees chart >

SBA releases Loan Authorization Wizard, 2018 >

2018 7(a) Boilerplate >

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

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


Click here to view Job Bank positions  >


SBA LIBOR Base Rate = 5.38%
History of SBA LIBOR base rate > 

Prime Rate = 5.25%

SBA FIXED Base Rate = 5.25% + allowable spreads 
Loans > $250,000 for December 2018 = 10.25%
Federal Register Notice >
Maximum Allowable Fixed Rates >

SBA Optional Peg Rate = 2.88% [October 1-December 31, 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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