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House of Representatives Committee on Small Business Hearing Set for May 17

As we heard from House Committee Staff as we gathered in Indianapolis, a hearing on “SBA’s 7(a) Loan Program: A Detailed Review” has been set for May 17 at 11 am for "the purpose of examining the United States Small Business Administration’s (SBA) 7(a) Loan Program.  As a way to review the program’s ability to help creditworthy small businesses obtain capital, this hearing will offer Members of the Committee the opportunity to hear from SBA officials directly involved in administering the program." The two witnesses at the hearing will be Bill Manger (Associate Administrator, Office of Capital Access) and Linda Rusche (Director, Office of Credit Risk Management - OCRM). NAGGL reps Tony Wilkinson and Kristen Granchelli, along with Chairman Larry Conley, will attend the hearing on behalf of the industry.

Read the hearing memo >

Watch the hearing live here >

Bill Manger testimony >

Linda Rusche testimony >

     Annual Conference
October 30-November 1 • Colorado Springs, CO

Before September 8: $1,050 mbr, $1,550 non-mbr, $650 Govt  
After September 8: $1,300 mbr, $2,000 non-mbr, $650 Govt

Registration Opens June 28!
The Broadmoor Hotel
1 Lake Avenue
Colorado Springs, CO 80906

Direct: 714.471.4975
Reservations: 855.586.0957
Hotel Cut-Off: October 6 (or until sold out!)
Room Rate: $223 (+11% occupancy tax +$16 resort fee)
Online Reservations >  







SBA LIBOR Base Rate = 3.99%
History of SBA LIBOR base rate >

Prime Rate = 4.00%

SBA FIXED Base Rate = 6.11%
Maximum allowable fixed rates >

SBA Optional Peg Rate = 2.63% [April 1-June 30]


NAGGL, SBA Launch "Business Smart Toolkit" to Elevate Entrepreneurship in Underserved Communities

NAGGL and the SBA are proud to announce the release of the Business Smart Toolkit, a ready-to-use workshop toolkit that equips and empowers faith based and community organizations to lay the groundwork for helping new and aspiring entrepreneurs launch a business idea and build a business that is credit ready. > 

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