$5 Million, Are you Ready?
SBA to Increase Loan Limits to 7(a) $5M, 504 $5.5M
Order a DVD
The SBA Lending Industry will experience major
changes once limits are raised for 7(a) and 504 loans. The
nations largest SBA lenders and independent community bankers
need to know the changes. This
Coleman Audio Conference has assembled a panel of top SBA
lending professionals to discuss how the increased loan limits
will be utilized. This pending
legislation will likely be passed within the next month. Will
you be ready when the President signs the bill?
SBA Stimulus II Provisions:
• Increase 7(a) loan limit from $2 million to $5 million
• Increase the 7(a) loan guaranty to a maximum of $4.5 million (90%)
• Increase the SBA 504 loan limit to $5.5 million
• Allow the 504 loan program to refinance short-term commercial real
estate loans
• Extend Stimulus I -- 90% 7(a) guaranty and borrower fee waivers --
through December 2010
• Increase the loan limit on microloans from $35,000 to $50,000
• Allow 7(a) loans to be sold
Speakers:
 Erik
Daniels, Sr. Vice President & National Sales Manager , U.S.
Bank
#2 SBA 7(a) Lender Nationwide
Erik Daniels is senior vice president and national sales manager of U.S.
Bank's SBA division. In 2009 U.S. Bank was the #2 SBA lender nationally.
Erik has more than 18 years of small business lending experience in the
areas of small business and bank consulting, credit, sales management,
and division management.
 Kurt Chilcott, President & CEO, CDC Small Business Finance
#1 CDC Nationwide
Mr. Chilcott is a board member of NAGGL and a past chairman of the
International Economic Development Council and a past chairman of NADCO.
For 25 years, he has developed and led innovative and successful
organizations and programs in the public and not-for-profit sectors.
Under Chilcott's leadership, the San Diego-headquartered CDC Small
Business Finance has experienced extraordinary growth in its offices
throughout California, Arizona and Nevada.
 Larry
Hardee, President, Adept Advisors, Inc.
Mr. Hardee is the founder and president of Adept Advisors, Inc., a
professional education and consulting company where he co-authored and
published The Complete SBA Lending Management System. Larry Hardee
previously was a business development officer for Business Loan Express.
He has over seven years experience in the direct selling of SBA loans.
Previously, he was president of Security Federal Savings Bank of
Florida. Hardee is a nationally recognized speaker for the SBA lending
industry and has been the keynote speaker for numerous national SBA
conferences including senior management retreats, and statewide
conferences in California, Texas, Florida, Georgia and Alabama. He holds
a BS degree in Business Administration from Florida State University.
 Moderator:
Bob Coleman
Publisher
Coleman Publishing
Robert Coleman has provided information to the government guaranteed
lending industry since 1993. His SBA lending experience dates back to
1980. He received a BA in Medieval History from the University of
California at Santa Barbara and a MBA in Real Estate Finance from the
University of Southern California.
Status of SBA Recovery Programs
Here is the current status of the original SBA stimulus programs enacted
last February.
1) SBA 7(a) 90% Guaranty and Waived Borrower Fees Good through February
2010, and soon to be through December 2010.
2) SBA 504 Waived Borrower Fees and Refinance Options Good through
February 2010, and soon to be through December 2010.
3) SBA 7(a) Secondary Market TALF Provisions Good through March 2010.
Then, set to expire.
4) SBA 504 Secondary Market Provision. Still not implemented. Planned
for January 2010.
5) ARC Lending Program SBA has removed ARC loan statistics from its
website, making it difficult to track its progress. However, the bottom
line is it is very doubtful funding will run out for a program that has
received luke-warm response by lenders. The program is set to expire
September 2010.
Order a DVD
1) Call Joseph Coleman at 800-617-1380
2) Email bob@colemanpublishing.com
3) Fax the
order form to: 818-790-7859
4) Mail the
order form to: Coleman Publishing, P.O. Box 546, La Cañada,
CA 91012
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Contact Information
Bob Coleman
Publisher
P.O. Box 546
La Cañada, CA 91012
(818) 790-4591
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