November 2009 Newsletter

Here's our November newsletter with the end of the year data on Lender
performance.

As always, if you would like to be removed from the mailing list, just forward
this message with cancel or unsubscribe in the subject and I will removed your
name from the list.

Sincerely

Richard Blum

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Funds still remain available for the ARC program

This is a reminder that funds still remain available for the ARC program under
the Recovery Act. The transition period that began Monday, November 24,
2009, only applies to Recovery Act fee relief and the higher guarantee levels in
the 7(a) and 504 loan programs.

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Transition Period for SBA Initiatives under the American Recovery and Reinvestment Act (ARRA)

Transition Period for SBA Initiatives under ARRA begins November 23, 2009.

Based on the activity to date, SBA projects that the Agency will have funds to
support these two Recovery Act initiatives through late-November 2009.
Therefore, with this notice SBA is establishing procedures in anticipation of the
end of the availability of Recovery Act funds, and creation of a queue for loans
submitted post November 22,2009. Please see the attached Transition Period
Notice for complete details. Once the appropriated Recovery Act funds are
exhausted, some funds are projected to become available again as previously
approved Recovery Act loans are cancelled.

NEW MEMBER OF SBA TENNESSEE TEAM - Tom Favreau

******READ COMPLETE DETAILS PROVIDED IN ATTACHMENTS. ******

Please visit our home page for lender updates, rankings, news and related
information at http://www.sba.gov/tn

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Special Edition Newsletter on Co-op agreements

Here's a Special Newsletter edition on the strategic alliance memorandum
(SAM) between SBA and the City of San Diego. The signed agreement is
expected to allow SBA and the City of San Diego to work together to improve
business access to SBA resources in order to strengthen and expand small
business development in the local area.

As always, if you would like your name removed from the mailing list, forward
this e-mail me with unscribe in the subject and I will remove your name from
the list.

Rick

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Latest Bank Notes is Ready!

Please see the attached Michigan Bank Notes on the Transition Period for
Initiatives under Sections 501 and 502 of the Recovery Act Fiscal 2009
Lending Report.

Thank you,
The Michigan District Office

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Utah District Office November Newsletter

 

October 2009 Newsletter

Here's our October 2009 newsletter with the end of the fiscal year standings in
loan volume.

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