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Date:
July 29, 2009

Length:
Approximately 75 minutes

Coleman Audio Conference: Uncovering Dealer Floor Plan Financing

When:  July 29, 2009

Time: 2:00 pm ET

Cost: $249.00

What is the SBA's new Dealer Floor Plan Pilot Program and how will it work?
• The SBA's pilot DFP Pilot Program will provide access to capital through the SBA's 7(a) loan program.
• DFP loans can be made by all SBA-approved lenders.
• Under this pilot program, DFP loans will be available for a minimum of $500,000 up to a maximum of $2 million (the statutory maximum limit for 7(a) loans).
• Borrowers will receive the fee reduction benefit provided under the Recovery Act on 7(a) loans.
• The maximum guaranty level on DFP loan will be 75 percent, not the maximum 90 percent provided under the Recovery
Act for some 7(a) loans.
• The maximum term for a DFP loan will be five years.
• Loans will only be made for inventory that can be titled.
• Lenders will be expected to control title transfer as a means of risk mitigation.

Speaker: Phil Ingrassia

Vice President for Communications
Recreation Vehicle Dealers Association

Phil Ingrassia joined Recreation Vehicle Dealers Association (RVDA) as Communications Director in 1996 and was named Vice President for Communications in 2002. RVDA is the national association representing the interests of RV dealers, rental companies, and RV AfterMarket stores. Ingrassia directs the association's membership, market expansion, and communications programs. He is RVDA's staff liaison to the Go RVing Coalition, which developed the RV industry's national advertising campaign.
Prior to joining RVDA, he served as Director of Communications for Recreation Vehicle Industry Association (RVIA) from 1991-96. Before his career in the RV industry, Ingrassia served as a deputy press secretary to U.S. Senator Bob Kerrey (NE) in 1989-90. From 1984-89, he was assistant news director and a reporter for KDLT-TV, the NBC affiliate in Sioux Falls, SD.

He earned the Certified Association Executive (CAE) designation from the American Society of Association Executives in 2005. Ingrassia received the Joan Barone Shorenstein Congressional Fellowship by the American Political Science Association in 1989. He holds a B.S. in Mass Communications and Political Science from St. Cloud State University in St. Cloud, MN. Ingrassia and his wife Jill reside in Vienna, VA.

Moderator:

Robert 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.

About Audio Conferences

Simply dial the phone number we provide and follow the instructions you'll receive and you're connected.

It's cost-effective. No airfare, no hotels. Multiple people at one site can participate for one registration fee.   Additional sites for the same bank are charged just a nominal fee.

Just dial in from the comfort of your own office or conference room equipped with a speakerphone.
 

It's convenient. You can call and take part from anywhere, even if you are on the road.

Aren't available on the day of the conference?  No worries -- register and you will receive a CD with a verbatim recording of the entire conference!  You can use the CD for training of additional staff at a later date, or go back and listen again.

Ways to Register: