The Lender Advantage Newsletter (July 2013)

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July 2013

The Lender Advantage Newsletter

A publication of the St. Louis District Office


If you have further questions on any of the items mentioned in this newsletter, please contact Tom Daiber, Bill Vickery or Bob Newman.


3rd Quarter FY 2013 - Third Party Lender Loans

For the third quarter of fiscal year 2013 (April 1 – June 30, 2013), Certified Development Companies (CDCs) provided nearly $18.4 million in SBA's 504 loan program funding which supported 26 third-party lender loans totaling nearly $23.7 million to 25 eastern Missouri-based businesses.

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Change of Ownership Transactions

On July 1, 2013 the SBA issued SBA Information Notice 5000-1278. This Information Notice announces a revision to Standard Operating Procedure (SOP) 50 10 5(E) regarding the structure for change of ownership transactions involving the purchase of stock or partnership or membership interests.

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Minimum Loan Amounts Under 7(a) and 504 Loan Programs.

Last month St. Louis District Office staff received good questions from two different eastern Missouri lenders. We address them here.

Q: Will SBA consider guarantying a loan as small as $30,000 loan for working capital to a start-up business?

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SBA Holds Successful Lender & Borrower Training in Columbia

On Wednesday, July 31, 2013 SBA participated in two successful training events in Columbia, Missouri. Training was provided to 15 commercial loan officers in the morning and 18 small business owners in the afternoon. Both sessions were free. District Director Dennis Melton gave an overview of SBA and its programs & services, Lender Relations Specialist Tom Daiber talked about SBA’s loan programs, and Senior Area Manager Bob Newman discussed SBA’s export finance programs and other international trade assistance.  The event was hosted by Regional Economic Development, Inc., Missouri Small Business & Technology Development Center (SBTDC) and Enterprise Development Corporation. The event will be held quarterly at the SBTDC, 500 East Walnut, Columbia, Missouri.

If you are interested in scheduling a similar training in your community, please contact Tom Daiber at 314-539-6600, 236 or thomas.daiber@sba.gov.

RESOURCES

Active Lender List for Eastern Missouri

(Please make sure the listing for your bank is correct.)

Phone and Resource Partner List