Join Paul Long and Tonya Mazurek on SBA Today for an insightful discussion centered on recent developments in the Small Business Administration and the impact of new administrative changes on SBA lending.

This episode, taking place the week of November 19th, navigates through key industry insights, including updates from the NAGGL conference and shifts in how SBA operates under the new administration.

In this episode, Paul and Tanya delve into the implications of potential changes in SBA fee waivers and default rates, providing listeners with the foresight needed to strategize for the upcoming year. They emphasize the significance of joining the NAGGL community for continued learning and understanding of changes within the SBA framework, a crucial move for anyone serious about staying competitive in SBA lending.

Moreover, Paul elaborates on the new 1502 process aimed at simplifying back-end operations, while both hosts debate the values and downsides of these administrative shifts.

Key Takeaways:

• The NAGGL Conference revealed critical insights for SBA lending, including anticipated changes in fee waivers and default management.
• The SBA is considering ending fee waivers due to higher default rates, prompting lenders to prepare for potential policy reversals.
• A new streamlined 1502 process promises to automate certain back-office functions, improving efficiency and reducing human error.
• The newly introduced Redwood Score offers a nuanced evaluation of loan quality, changing the landscape of SBA risk assessment.
• Essential advice for SBA lenders includes ensuring E-Tran data fidelity and understanding policy shifts to maintain compliance. 

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.

Are you a business owner or prospective business owner? Let’s see how we can help you.

If your business or perspective business is in:

Washington, Oregon, or Idaho contact: Paul Long at Gesa Credit Union [email protected]

Colorado, Texas, Missouri, Florida, Arizona, and Tennessee contact: Tonya Mazurek at Midwest Regional Bank [email protected]