วันพฤหัสบดีที่ 30 กันยายน พ.ศ. 2553

Important information about changes in SBA's loan programs

Dear Subscriber,

The attached notices were just issued regarding SBA’s loan programs.
Each
notice should be read fully to get the complete details, but the following lists
important highlights from each:

Notice 5000-1172 announces the fees for 7(a) and 504 loans for 2011:
For 7(a) loans approved on or after October 1, 2010, the Yearly Fee due from
Lenders to SBA will be 0.55 percent (55 basis points) of the guaranteed
portion of the outstanding balance on the 7(a) loan (same as 2010).

For 504 loans approved on or after October 1, 2010, the Annual Fee paid by
borrowers on an ongoing basis to SBA will be increased from 0.389 percent to
0.749 percent (74.9 basis points) of the outstanding balance of the 504 loan.

The fee relief afforded under Section 501 of the American Recovery and
Reinvestment Act of 2009 has been extended through December 31, 2010 by
the Small Business Jobs Act of 2010. This means that on all 7(a) loans
approved from October 1, 2010 through December 31, 2010 the upfront
guaranty fee payable to SBA will be eliminated. All other fees in the 7(a) loan
program will be the same as for FY 2010.

Notice 5000-1173 Extension of Recovery Act Provisions:
Loans in the queue:
For 7(a) loan applications (other than SBA Express loans) that are in the 7(a)
Recovery Loan Queue, SBA will approve these loans with a 90 percent
guaranty in addition to fee relief as soon as funds become available (expected
on or after October 1, 2010).

SBA expects that applications that remain in the 504 Recovery Loan Queue will
be funded on or after October 1, 2010. Borrowers and lenders are advised
that while these loans will be eligible for processing fee relief, they also will be
subject to a higher annual fee of 0.749%.

Restricted Uses Eliminated:
The specific restriction that none of the funds appropriated or otherwise made
available in the Recovery Act may be used by any State or local government,
or any private entity, for any casino or other gambling establishment,
aquarium, zoo, golf course, or swimming pool will not apply to 7(a) and 504
loans with reduced or eliminated fees or to 7(a) loans with the higher guaranty
percentage that are approved under the Small Business Jobs Act.

Notice 5000-1174 New and Expanded Dealer Floor Plan Program:
The Small Business Jobs Act authorizes a new, expanded Dealer Floor
Plan (DFP) Pilot Program. It increases SBA’s 7(a) and Dealer Floor Plan
maximum loan amount to $5 million and addresses certain other issues raised
by dealers and lenders about the expiring DFP Initiative. SBA believes these
changes will make the new DFP Pilot Program more attractive to a larger
segment of the small business dealer community and the small business floor
plan lending community. Since the new program requires significant changes
it is expected that it will not be available for several months. SBA welcomes
input from industry trade associations, lenders, dealers and other interested
parties.

The current DFP Pilot will expire on September 30, 2010 so there will be a
period of time that this program will not be available.

Notice 5000-1174 New Alternate Size Standards:
This Notice announces that, effective September 27, 2010; the new
temporary alternative size standard replaces and supersedes the existing
alternative size standard, based on tangible net worth and net income, for SBA
7(a) and 504 loan programs:
An applicant for a business loan under section 7(a) or an applicant for a
development company loan under title V of the Small Business Investment Act
of 1958 may be eligible for such a loan if:
(i) the maximum tangible net worth of the applicant is not more than
$15,000,000; and
(ii) the average net income after Federal income taxes (excluding any carry-
over losses) of the applicant for the 2 full fiscal years before the date of the
application is not more than $5,000,000.

Again, please review all of the notices carefully for complete details. Please
contact SBA Michigan District in Detroit or Grand Rapids if you have additional
questions.

Detroit: 313-226-6075
Grand Rapids: 616-456-5512


Note: This message is intended for lenders that participate in our loan
programs.


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วันพุธที่ 29 กันยายน พ.ศ. 2553

Small Business Jobs Act 2010

Tennessee Lenders - As you may know, President Obama signed into law the Small Business Jobs Act on September 27, 2010. This new law puts more resources in the hands of small business so they can grow and create jobs. The new legislation also makes important and exciting changes to SBA's programs. We wanted to make you aware of these changes through the attached Fact Sheet. After you review the Fact Sheet, please let us know if you have any questions. You may contact your Lender Relations Specialist for more information: Lisa Denson – Middle & West Tennessee (615) 736-2991 or e-mail lisa.denson@sba.gov Maria Lloyd – Middle & East Tennessee (615) 736-7427 or e-mail anna.lloyd@sba.gov We appreciate your support of SBA programs in the Volunteer State. Regards, Walter Perry District Director Tennessee District Office U.S. Small Business Administration 50 Vantage Way, Suite 201 Nashville, TN 37228 615-736-5881 Walter.perry@sba.gov >>>>>>>>>>>>>>>>>>>>> To UNSUBSCRIBE >>>>>>>>>>>>>>>>>>>>>> To unsubscribe from the list, send an email to LISTSERV@NEWGANGES.SBA.GOV The body of the message should read SIGNOFF TLNEWSLETTER A subject is not required. >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

วันอังคารที่ 28 กันยายน พ.ศ. 2553

The latest Michigan Bank Notes is Ready!

Dear Subscriber,

The latest Michigan Bank Notes newsletter is attached.

The Michigan Bank Notes is a periodic newsletter that provides the lending
community
with up-to-date information on SBA programs and issues affecting SBA’s loan
programs.

In this edition you will find:

1. Small Business Jobs Act of 2010

2. ReadyTalk Session on October 7

3. Issuance of SOP 50 10 5(C)

And more

For more information about the SBA's Michigan District Office, please visit our
Web site at www.sba.gov/mi or telephone (313) 226-6075.

Thank you for subscribing to our newsletter.

The Michigan District Office

Note: This is an informational newsletter and is intended for lenders that
participate in our loan programs.


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วันพุธที่ 15 กันยายน พ.ศ. 2553

2011 Vermont Small Business Awards

The Vermont District Office of the U.S. Small Business Administration is seeking
nominations for the 2011 Vermont Small Business Awards.

If you know someone who deserves recognition for outstanding contributions
to Vermont's business community and economy, please take a moment and
nominate that person. The process is simple, and it requires minimal time and
effort on your part.

Attached is a nomination form with award categories and easy completion
instructions.

Should you have any questions or need assistance with your nomination,
please contact the SBA Vermont District Office at 802-828-4422. Thank you.

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วันอังคารที่ 14 กันยายน พ.ศ. 2553

August 2010 Newsletter

Here's our August 2010 newsletter.

As always, if you would like to be removed from this distribution list, forward
this message to richard.blum@sba.gov and I will removed your name from the
list.

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วันศุกร์ที่ 10 กันยายน พ.ศ. 2553

September Newsletter

 

Nancy Byerly

Lead Business Development Specialist

U.S. Small Business Administration

125 S. State Street, Room 2227

Salt Lake City, UT 84138

Phone: (801) 524-6831

Fax: (801) 524-4160