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WEBExpress - Marketing the 504 Loan in
Uncertain Financial Times - January 22
The eligibility requirements and structural attributes of 504
loans make an attractive credit offering to complement 7(a)
loans. Join Tom Wallace (IDS Corp.) and learn
how to market this aspect of the SBA in conjunction with 7(a) loans.
More >
Online
registration >
Fort Worth, TX - SBA Lender Management
Retreat
Survive & Thrive in Changing Times - February
11-12 |
During a turbulent 2008, a perfect storm
of economic downturn, stalled legislation and 7(a) program constraints
resulted in severe restriction of the secondary market and reduction of
loan volume. The changing of the guard at the White House, Congress, and
SBA, means that the program will experience notable change. Retreat
sessions explore the importance of the anticipated changes, including
the stimulus package, TALF, 2010 budget, and provide a better view of
what lies over the horizon. Get tips on defending your
guarantee and understand the implication of
recent policy changes.Get informed over one and a half
days of intense, participatory sessions. Limited to 75 members.
More >
Online
registration >
Online - SBA 1502 Reporting - February 10 & 12
A course offered online over 2 days (February
10 & 12) and taught by Christopher Anthony of
Colson Services Corp. This course is designed for support personnel who
service SBA loans and report the status of their institution's portfolio
to SBA's Fiscal Transfer Agent.
More >
Online
registration >
WEBExpress - Basics of Analyzing Financial
Statements - February 19
Join instructor Mimi
Case (Temecula Valley Bank) for a a primer course on basic
financial analysis tools, including: Common Size Analysis, Ratio
Analysis and Industry Comparisons. This course is designed for those who
are new to SBA lending or as a refresher for more experienced
lenders.
More >
Online
registration >
Santa Rosa, CA - Custom Training Event - February 23-26
A public custom training event being brought to you through a
cooperative agreement with NAGGL and SAFE-BIDCO. Join instructor Jane
Butler (NAGGL) for Understanding the SOP 50-10
and SBA Servicing and Loan Liquidation. Both
courses qualify for Lender Diploma Credit.
Register by February 6.
More >
Online
registration >
Newport Beach, CA - Standard Training Event - March 9-12
NAGGL's first
standard training event for 2009.
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Advanced SBA
Servicing Issues and Loan Workout
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SBA Credit Analysis
101
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Closing and Funding
the SBA Loan
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Advanced Loan Liquidation
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Mastering SBA Credit
Underwriting Techniques
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Advanced SBA Loan
Documentation and Closing
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Guarantee Purchase
Process and Package Submission
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SBA Express
Lending
Register by
February 13.
More >
Online
registration >
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Pick Your Training
Customized Training Meets Your Needs More
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Boston, MA- SBA Lending
Technical Conference - May 5-7
Join NAGGL in Boston, MA for our SBA Lending Technical
Conference (f/k/a Mid-Year Technical Conference) and help us kick off
our 25th Anniversary celebration. Training courses include:
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SBA 1502 Reporting
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SBA Application
Processing
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Understanding the SOP
50-10
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SBA Loan Servicing and
Liquidation
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Mechanics of the SBA 7(a) Secondary
Market
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SBA Express Lending
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Get Acquainted with SBA 7(a)
Lending
Registration Form >
Online
registration >
2009 Preliminary Training Schedule - More
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Post Your SBA Lending Positions - Includes Resume Search -
$150/Month
Employers seeking qualified SBA lending professionals. More >
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1/2009 SBA LIBOR Base Rate = 3.43%
Get the Rate at Colson More >
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TARP Funds Fail to Reach Small Businesses - More >
House Holds Open Forum, NAGGL Statement
The House Small Business Committee is holding an Open
Forum on “The State of the Small Business Economy and Identifying
Policies to Promote an Economic Recovery” January
14. Witnesses include small business owners, St. Joseph, MO Chamber
of Commerce, US Women's Chamber of Commerce, ICBA. Although not invited
as a witness, NAGGL submitted a Statement for the record. More >
Forbes.com: Big Stimulus for Small Business
A new direct loan program would benefit millions. More >
Restarting the Frozen Loan Markets - TALF
Small business loan volume has plummeted, thanks
in part to the collapse of the secondary market for such loans. Unable
to resell loans, banks that rely on this secondary market pulled back on
their lending. "Businesses need TALF to kick in,"
said NAGGL's Wilkinson. "But the SBA needs to come up with enhancements
to make it really work." More >
Obama Plan Includes Fee Relief for SBA Loans
The Obama-Biden Plan to revitalize the economy promises a
rapid, aggressive response to the financial crisis, including plans to
address the credit crisis facing small businesses: "Address the credit
crisis facing our small businesses: To address the massive credit crunch
that is threatening America's small businesses, Barack Obama and Joe
Biden are proposing two immediate steps: (1) a nationwide emergency
lending facility for small businesses that could be run through the
SBA's Disaster Loan Program, which helped thousands of businesses in the
wake of 9/11; and (2) temporarily eliminating fees on the SBA's
7(a) and 504 loan guarantee programs for small businesses, to help
increase private lending for small businesses." More >
Stimulus Plan by Presidents Day More >
Updated SBA Form 1086
SBA's Form 1086 has been updated to include the SBA LIBOR Base
Rate and the ability to form WAC pools. More >
January In Focus
More
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SBA Loans Down 57% More >
SBA Suports TALF as Good for Small Business
Responding to the Federal Reserve's
release of details on how TALF will work, acting administrator Baruah
stated, "SBA is very supportive of the TALF
program, which will ultimately help bring much needed capital to the
nation’s small businesses." More >
Fed Releases T&C for TALF
The Fed Reserve Board released revised terms & conditions
and Q&A for TALF on December 19. Changes include an extension
of TALF loan maturity to 3 years and additional specifications of
eligible collateral. In the FAQ, it states:"Eligible ABS must be issued on or
after January 1, 2009. All or substantially all of the
underlying credit exposures of eligible SBA-guaranteed loan ABS must
have been originated on or after January 1, 2008.
Mills Selected SBA Administrator
Equity firm
founder, president of MMP Group, key adviser to Maine's governor,
and member of the Obama transition team, Karen Gordon
Mills has been selected by the President-elect to head the
SBA. More >
SBA Statement >
Interim Final Rule - Lender Oversight
On January 12, a new regulation takes effect
that codifies a "new framework for
SBA's lender oversight program to ensure that directions are clear and transparent to lenders and
the public." It clarifies supervision and enforcement actions for all
program participants. SBA received hundreds of comments during the publicized comment period
in early 2008 & now gives lenders a FINAL chance to comment by March
11. NAGGL's analysis of any changes from the original proposed rule will
be highlighted in the January In Focus, as well as on the
homepage.
Correction: Authorization
2009.1 - January 2
In the December 19 News Flash, NAGGL stated inaccurately
that use of the new 7(a) Authorization was required as of December 1.
However, with the release of the updated Authorization to include LIBOR
as an option (5000-1083), it states that on January 2,
2009, all 7(a) loans must be authorized with Version
2009.1.
Senator Landrieu to Lead Senate SBC
Senator Mary Landrieu (D-LA) has been tapped to lead the
Senate Small Business & Entrepreneurship Committee and has called on
President-elect Obama to elevate SBA to a cabinet-level
position. More >
Forming WAC Pools: Program Guide
Procedural Notice: 5000-1086 >
Senators Want Treasury to Purchase SBA-Backed
Securities
Schumer has introduced the 10 Steps for a Main Street Economic
Recovery Act which strengthens the Treasury’s authority to
purchase SBA backed securities in the secondary market. More
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