NAGGL (National Association of Government Guaranteed Lenders)

In this episode of the NAGGLNow?podcast, host Karen L. and a panel of expert lenders (Brandia Bradshaw from Live Oak Bank, Ryan C. Chan from Five Star Bank - California & Dakota Williams, MBA from First United Bank) discusses the evolving landscape of 7(a) lending in the context of digital business models and increasing cyber threats. They explore the necessity of cyber insurance, the challenges borrowers face in meeting new requirements, and how lenders can leverage technology to assess borrower risk. The conversation emphasizes the importance of education and data in navigating these changes and preparing for future challenges in the lending industry. NAGGL Members can watch the full episode at https://lnkd.in/gCghJA_d Season 2 of the #NAGGLNow #Podcast is sponsored by Starfield & Smith, PC #SBALending #SBA7a

Message from NAGGL's CEO on FY25 Fee Revisions ? A major announcement came yesterday afternoon that adjusted the FY25 fee waiver schedule effective this week.? ? NAGGL recognizes that the reinstated fees will cause a hardship to the borrowers that had not expected this additional cost for their 7(a) loans and will cause a temporary hardship to the lenders that will need to amend their pending loans and possibly adjust their business models to account for the new fees.?But we see this as a situation where?U.S. Small Business Administration?and?Administrator Kelly Loeffler had no choice but to make these changes to protect the 7(a) Loan Program from continued cash flow losses and prevent a positive subsidy in FY26, which could mean far more significant cost consequences than the elimination of fee waivers.? ? NAGGL has been talking about the need to adjust fee waivers for some time now with Congress, the Administration, and our members, and even formally advocated in a February 26 statement to the Senate Committee on Small Business that NAGGL “strongly urges this adjustment [to fee waivers], effective immediately.”??NAGGL is always a part of the conversation on your behalf, and we will stay at the table on this, and the other issues, that are so important to the health and the integrity of the 7(a) program. ? Link to Full Article:?https://lnkd.in/g9vH-trq #SBAlending #SBA7a #SmallBusiness

With President Trump announcing from the Oval Office this morning that Department of Education student loans are being moved to SBA, and SBA’s press release issued today announcing an “agency-wide reorganization” and efforts to “reduce its workforce by 43%,” it seems SBA news is everywhere. NAGGL just issued a quick rundown providing some more context (like the fact that workforce reduction requirements were a directive from the White House first announced in February and applies to all federal agencies). But, most importantly, please note that today’s SBA press release states that “???????? ???????????????? ???? ?????? ????????????, ?????????????????? ?????? ????????????’?? ???????? ?????????????????? ?????? ???????????????? ???????????????????? ????????????????, ???? ???????? ???? ?????? ?????????? ?????? ?????????????? ????????????????????, ???????? ?????? ???? ????????????????.” NAGGL is always on top of these issues in DC on your behalf and we’ll continue to keep you posted with the real analysis that you need to know!?

There is lots of news out of U.S. Small Business Administration today. Learn more by following each of the links below: ??New?SBA Guidance on Non-citizen Verification Process - https://lnkd.in/gwiVFpwz ? SBA Notice Revising Environmental Policies and Processes - https://lnkd.in/gpcC7thz ? SBA Notice Issuing Interim?SBA Form 1919 - https://lnkd.in/gxtwviCS ? Next 7(a) Connect Quarterly Update — April 22 - https://lnkd.in/g82nz_qx #SBALending #SBA7a #smallbusiness

In this episode of the NAGGLNow?Podcast, host?Tony Wilkinson, along with guests?Jane Butler,?Kristen Granchelli, and?Ethan Smith, discuss significant changes in #SBA lending practices, including trends in loan origination and defaults, the complexities of ownership structures, challenges in franchise lending, and new guidance on immigration status for borrowers. The conversation emphasizes the need for clarity and compliance in the evolving landscape of small business lending. NAGGL members can watch this full episode at https://lnkd.in/gnpyQK9K Season 2 of the #NAGGLNow Podcast is sponsored by Starfield & Smith, PC #SBALending #SBA7a #SmallBusiness

Registration is now open for NAGGL's 2025 Leadership Summit - an exclusive event designed for the top executives and decision-makers in the field of SBA lending. Taking place this July in Huntington Beach, the Summit brings together the most influential leaders in the industry for a high-level, strategy-driven experience. Over the course of this?one-and-a-half-day event, you’ll engage in dynamic discussions, interactive debates, and private roundtables with esteemed thought leaders shaping the 7(a) landscape. This is more than just a networking opportunity—it’s a rare chance to collaborate with your peers at the highest level, exchange ideas, and gain insights that will define the future of SBA lending. Due to the exclusive nature of this event, attendance is strictly limited. Learn more at naggl.org/summit #SBALending #SBA7a #LeadershipSummit

This evening, the Senate passed the Continuing Resolution (CR) in a vote of 54-46, after the House passed it earlier this week.?This comes after weeks of negotiations and uncertainty.?The CR now heads to President Trump’s desk for signature, who is expected to sign the measure before the midnight deadline to avert a government shutdown.? ? The CR maintains FY24 authorization levels through September 30, which for the 7(a) Loan Program is $35 billion and for the Secondary Market Guarantee Program is $15 billion (net of already drawn down authorization used since October 1 for each program). #SBA7a #SBALending

All eyes are on DC as we inch closer to tonight’s midnight funding deadline and NAGGL has up-to-the-day stats on what is still available in 7(a) program authorization as of this morning for this CR apportionment—members can head over to read the Capitol Sound Bites Newsletter?in their inbox or by clicking the link below?for an update on where everything stands! #SBALending #SBA7a #CapitolSoundBites #ContinuingResolution

S3E6 NAGGLNow Podcast: Fishbowl Questions with Rachel & Margherita In this episode of NAGGLNow Podcast, Rachel Zippwald and Margherita Stutz discuss various aspects of SBA loans, focusing on loan liquidation, tax return verification, offers in compromise, and bankruptcy restructuring. They provide insights into the complexities of these topics, emphasizing the importance of adhering to the SOP and understanding the implications of past financial decisions on current loan applications. NAGGL Members can watch the full episode at https://lnkd.in/g4xCudCX Season 2 of the NAGGLNow Podcast is sponsored by Starfield & Smith, PC #SBALending #SBA7a #NAGGLNow #podcast

REMINDER: SENATE HEARING ON NOMINATION OF BILL BRIGGS AS SBA DEPUTY ADMINISTRATOR & NAGGL LETTER OF SUPPORT ? Remember to?tune in to the Senate Small Business Committee’s hearing on the nomination for Bill Briggs as U.S. Small Business Administration Deputy Administrator today at 2:30PM EST, which can be viewed here live or any time after it starts:?https://lnkd.in/gU4X2MYF? ? NAGGL is also releasing a letter of support for Mr. Brigg’s nomination to SBA Deputy Administrator, which was submitted to the Senate Committee on Small Business & Entrepreneurship for their consideration in advance of today’s hearing.??NAGGL looks forward to a partnership and close collaboration with Mr. Briggs, Administrator Kelly Loeffler, and the new team at SBA, and encourages the Senate to swiftly confirm this next important SBA nomination. #SBALending #SBA7a #SmallBusiness