May 27, 2016
How do You Feel about the Proposed SBA 7(a) Oversight Legislation?
Please answer our quick one minute poll. Results will be published next week.
(Poll Closes Tuesday at 3:00pm ET) Submit answers to email@example.com.
Do you support the bill as presented?
Assume SBA’s 7(a) oversight fee increase is a fait accompli to the industry. How should it be paid for?
As proposed, Split Premiums over 108, 3 basis point portfolio fee
Entirely by a portfolio fee
Should banks with less than $1 billion in assets be exempt from the fee?
Should lenders with a small 7(a) portfolio, say less than $10 million or $20 million be exempt from the fee?
Should CDCs be exempt from the fee?
Should lenders who have a market share of greater than 1% ($235 million annually) be solely responsible for the fee?
Open-ended Response — Any additional comments?
For you policy wonks, we have transcribed yesterday’s hearing, and it can be accessed here.
Also, please note my stupid math mistake in yesterday’s report — 1% of $23.5 billion is $235 million, not $23 million!
Finally, feel free to join the discussion in Coleman’s LinkedIn Small Business Lending Group
Enjoy your long Memorial Day weekend!