SBA AK District Office Lending News

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January 2013

SBA Alaska District Office Lending News

Brought to you by the U.S. Small Business Administration

       2013 Anchorage Lender Symposium

Dear Lenders and Community Leaders:

The Women’s Economic Empowerment Center/YWCA Alaska in partnership with the Alaska Industrial Development and Export Authority (AIDEA), Alaska Housing Finance Corporation,  Bureau of Indian Affairs (BIA), Evergreen Business Capital, State of Alaska Division of Economic Development,  the U.S. Department of Agriculture (USDA), and the U.S. Small Business Administration (SBA) would like to invite you to participate in the 2013 Anchorage Lender Symposium scheduled on February 5, 2013 at the BP Energy Center.  A variety of sessions are on the program that will ensure that this will be a very informative and enjoyable meeting.

The purpose of this Symposium is to provide Lenders and Community Leaders with information, current updates, and trends on the various financing programs that these Agencies have for aspiring and established business owners.  The financing programs that these agencies provide help promote economic growth and diversification in the State of Alaska.  

For registration you are kindly requested to complete and submit the registration form by January 31, 2013.

Your attendance will make a valuable contribution to the success of the 2013 Lender Symposium. I look forward to personally welcoming you to this event.

Thank you in advance for your continued support of the small business community in Alaska.  If you have any questions regarding the Symposium, please contact us at 644-9611.

Yours Sincerely,

Dar Johnson
Director

Registration Form

Symposium Agenda


Change to SOP 50 10 5(E) and Release of Alternative Small Loan Advantage (SLA) Authorization

SBA announced a change to SOP 50 10 5(E) to permit certain lenders in the Small Loan Advantage (SLA) program to use an alternative Authorization. This alternative Authorization may be used by Preferred Lender Program (PLP) lenders using their PLP authority to secure SBA-guaranteed SLA loans. Modeled after the SBA Express Authorization, the alternative SLA Authorization is now a stand-alone authorization (written in Microsoft Word 2010) and not a component of the current 7(a) Wizard and Boilerplate. The new SLA Authorization is SBA’s way of continuing to streamline processes, and is intended to drive increased loan activity within the SLA process resulting in increased low dollar loans and loans to underserved markets.

 

Read more....

                      "Good Question"

Q. I would like to offer my client a deferment on his SBA loan payments.  I'm proposing interes only payment and deferment on the principal for six months.  Will this be OK with SBA?

A. The lender may approve a deferment under their delegated, unilateral authority and would have to document their file to ensure their credit decision was based on prudent lending practices as well as SBA policy. However, if the loan was sold on the secondary market, a deferment exceeding 3 months would require both investor and SBA approval.

 

Have a "Good Question?" Email it to Sam Dickey (sam.dickey@sba.gov) with "good question" in the subject line and he'll address it in a future column!

Region X Lender Training Conference Call 
    (Alaska, Idaho, Oregon, & Washington)

Date: Wednesday, February 13, 2013

Topic: SBA Life Insuarance Requirements

Learn when SBA borrowers are required to provide life insurance. 

Presenter: Scott Bossom, SBA Portland District Office Lender Relations Specialist

Time:
8:30 a.m. - 9:30 a.m. (Alaska)
9:30 a.m. - 10:30 a.m. (Washington, Oregon & Northern Idaho)
10:30 a.m. -11:30 a.m. (Southern Idaho)

Phone and Internet login instructions:

Phone login: Dial toll free 1-888-858-2144. Enter the access code: 4615792 followed by the # key, to join the call

Internet login: Click the LINK

Questions? - Call Nelida Irvine at 907-271-4027 (nelida.irvine@sba.gov) or Sam Dickey at 271-4844 (sam.dickey@sba.gov)