NAGGL (National Association of Government Guaranteed Lenders)

🎉 Exciting News! 🎉 We are thrilled to announce the finalists for the NAGGL 7(a) Industry Awards! 🏆 These outstanding individuals and organizations have demonstrated exceptional leadership, innovation, and dedication to the SBA 7(a) lending program. We will celebrate their achievements and reveal the winners at our 40th Anniversary Gala during the NAGGL Annual Conference in Las Vegas on November 6th! 🌟 This special event will be a night to remember, marking four decades of commitment to the 7(a) lending community. Beth Hallock with United Community Sherrill Stockton with Live Oak Bank Jared DeVroom with Mountain America Credit Union Luke Mancini with Pursuit Kent DeHart with First Utah Bank Shaynne Dodd with Sunflower Bank, N.A. Travis Frazier, CRC with First Business Bank Jennifer Chiavetta with Live Oak Bank Justin Gavin with NewtekOne (NASDAQ: NEWT) Karen Bean with StoneX Group Inc. Derek Ezovski with Outsourced Risk Management Solutions LLC (ORMS) Stay tuned for more updates, and see you in Vegas! 🎲 #NAGGL40 #7aAwards #SBA7a #NAGGL2024 #LasVegasGala

BRIEFING ON SOP 50 57 3.1 7(a) SERVICING AND LIQUIDATION Wednesday, October 30 It’s here! Version 3.1 of SOP 50 57, 7(a) Servicing and Liquidation, was announced by U.S. Small Business Administration Information Notice 5000-856113 and is now available on the SBA website. The new version will take effect on December 1, 2024, and it will apply to all SBA 7(a) loan servicing and liquidation actions occurring on or after the effective date. During this expanded 2 hour WEBExpress session, NAGGL will provide a detailed review of the revisions and updates included in SOP 50 57 3.1. #sba7a #SOP505731 #sbalending

SOP 50 57 3.1 to Take Effect December 1, 2024   ___ On October 23, SBA posted to its website revised SOP 50 57 3.1, 7(a) Loan Servicing and Liquidation, with the requirements in the new SOP scheduled to take effect on December 1. Issuance of the SOP was announced by SBA Information Notice 5000-856113, Issuance of SOP 50 57 3.1, which bears an effective date of September 17, 2024, but was posted to the SBA website on October 18, 2024. The notice describes the most significant changes in the SOP revision. On October 30, NAGGL will present an extended 2-hour WEBExpress, https://lnkd.in/g2w3XuQd, to walk through the changes in the newest version of SOP 50 57. And hear more about the SOP revision directly from SBA during the NAGGL Annual Conference, November 4-6, 2024. While in-person registration is sold out, registration for virtual participation still is available at https://lnkd.in/gTeWx5H7. You can find a link to the SOP at the link below. #SBALending #SBA7a #SOP505731

In this week’s episode of the #NAGGLNow Podcast, Karen L., Jane Butler, Rachel Zippwald & Angie Rosowski discuss what to expect at the upcoming 2024 Annual Conference. They discuss everything from networking opportunities, to main stage topics, breakout topics, who from SBA will be attending, dress code for the Awards Gala and so much more. NAGGL Members can watch the full episode at https://lnkd.in/gWXShSj8 Interested in joining the conference virtually, you can still register at https://lnkd.in/gTeWx5H7 #sbalending #sba7a #naggl2024 #40yearsofNAGGL

UNDERWRITING WORKING CAPITAL LINES OF CREDIT WebExpress Training | Thursday, November 21 When a business needs working capital, a lender can offer a term loan or line of credit. While 7(a) lenders are familiar with term loans for working capital, they should be aware that there are SBA guaranteed lines of credit available as well. Join us as we explore the SBA revolving line of credit world by taking a closer look at the Working Capital Program (WCP formerly known as a Working Capital CAPLine) and SBA Express lines of credit and how these revolving lines provide a way to meet the short-term working capital needs of a business. #sba7a #sbalending #credit

IN-PERSON SBA 7(a) TRAINING November 4 | Las Vegas, NV 9:00 AM - 12:00 PM | $295 per course Join us for an exclusive opportunity to sharpen your skills with one of NAGGL’s in-person training courses in Las Vegas! With five brand new dynamic sessions to choose from, you'll find the perfect fit for your interests and experience level. Each course runs from 9:00 AM to 12:00 PM on November 4 and pre-registration is required. Secure your spot today! Courses include: • Advanced Title Insurance • Complex Changes of Ownership • Establishing Prudent Internal Policies and Procedures • Mechanics of the SBA 7(a) Secondary Market • Understanding Lender Oversight and PARRiS If you are interested in attending, contact Maria at mrodriguez@naggl.org #sbalending #sba7a #vegas

In this week’s episode of the #NAGGLNow Podcast, Tony Wilkinson is joined by Mark Evans, CFA of Brean Capital, LLC to discuss the current state of the secondary market. They look at trends from the last several years as well as discuss how recent changes to SBA policies are affecting the secondary market. NAGGL members can watch the full episode at https://lnkd.in/gWWBWApV #sbalending #sba7a #secondarymarket

In this week’s episode, Kristen Granchelli and Tony Wilkinson start by discussing the recording setting fiscal year end for SBA 7(a). After that, it is all about the up-coming election and how election results could affect SBA policies. NAGGL Members can watch the full episode at https://lnkd.in/gwuYTJqb #sbalending #sba7a #nagglnow #podcast #election

🎉 NAGGL's 2024 Annual Conference is SOLD OUT! 🎟️ We have been getting questions about what to do now if you want to attend. Karen L. and Angie Rosowski answer a few questions about how to participate in the conference now that we have sold out our in-person registration. You can join our waitlist or register to join us virtually at https://lnkd.in/gTeWx5H7 #naggl2024 #vegas #sbalending #sba7a

🗓 OCTOBER RATES Prime Rate = 8.00%  Fixed Interest Rate Base = Prime [+ allowable spreads] SBA LIBOR was officially sunset on 6/30/2023 SBA Optional Peg Rate = 4.38% [October 1–December 31, 2024] [SOP 50 10 5, "Base Rates will be rounded to two digits with .004 being rounded down and .005 being rounded up."] #sbalending #sba7a