April 15, 2014
By Bob Coleman
Editor, Coleman Report
SBA Holds 7th Annual Export Lenders Roundtable
I have always believed one of the most underutilized SBA 7(a) guaranty lending programs is the Export loan programs. A key incentive for lenders is it is the only 7(a) program with a 90%, that’s right 90% SBA guaranty.
If you aren’t active in the program, you may want to consider going to Washington DC next week for the SBA 7th Annual Export Lenders Roundtable.
The roster of speakers and panelists includes Luz Hopewell, Deputy Associate Administrator, Office of International Trade; Patrick Kelley, Deputy Associate Administrator, Office of Capital Access; Dennis Chrisbaum, Director, International Trade Finance, Office of International Trade; James Burrows, Vice President, Small Business Division, Ex-Im Bank; and Chantal Wittman, Vice President, MB Financial from Chicago, among other experts.
What: SBA 7th Annual Export Lenders Roundtable
When: Wednesday, April 23, 2014
Where: Ronald Regan Building/International Trade Center
1300 Pennsylvania Ave., N.W., Washington, D.C.
Registration: Same day, on site from 8:30 a.m. – 9:00 a.m.
See the full agenda at http://www.sba.gov/content/7th-annual-lenders-roundtable-0
For more information on the Export Lenders Roundtable, contact: firstname.lastname@example.org
SOP 5010 (F) Technical Corrections
Nothing new, but more readable clarifications. It’s actually a pretty good notice about last year’s changes in the SOP.
Be sure you understand the new minimum SBA 7(a) global cash flow coverage ratios, which have been nicely clarified by dollar amount.
· Global cash flow for loans less than $350,000 “must be equal to or greater than 1:1”
· Global cash flow for loans over $350,000 “must be equal to or greater than 1:15”
Updated SBA Forms
Borrower Information Form
Updated: Tuesday, April 08, 2014 5:48 PM
SBA Charge Off Tabs/Wrap-Up Report
Updated: Friday, April 04, 2014 3:25 PM
SBA Form 1081: Statement of Personal History for Non-bank Lenders, CDCs and Micro-Lenders
Updated: Thursday, November 14, 2013 1:40 PM