"What Will Happen to SBA's Lending Programs - 2009 and Beyond" - Coleman To Speak in Chicago and NYC

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Topics will include: A new administration in the White House, industry Trends, 7(a) and 504 changes, 2009 budget, SBA's new SOP, and surviving an SBA inspector general audit.

The national expert on the SBA lending program will speak in Chicago and New York this month projecting the outcome for the government guaranteed lending industry in 2009.

Bob Coleman, Editor of the Coleman Report, has invited SBA lenders to an off-the-record luncheon speech in Chicago, September 17th and in New York, September 25th.

The speech will include an outlook of a new administration in Washington, industry trends, 7(a) and 504 changes, the 2009 budget, SBA's new SOP, and surviving an SBA inspector general audit.

The impact of shrinking SBA lender credit boxes on the industry has been evident.

SBA loan volume is down 10% in 2008.

Reduced income from lenders' SBA departments has trickled down to the business development officers who bring in the business -- a decrease of 4.2% in their 2007 compensation.

The subprime mortgage meltdown, shrinking credit boxes, strong competition, rising delinquencies, increased SBA lender oversight fees, and a significant reduction in the secondary market have all contributed to reduced SBA department income.

SBA lenders have been reducing their staff and eliminating positions.

In March, the nation's largest SBA lender, CIT Small Business Lending, announced it was closing its loan processing center in Denver and consolidating operations at its Livingston, New Jersey, headquarters.

CIT joined a list of SBA lenders who reduced staff significantly in 2008, along with, Community South Bank, BLX, Lehman Brothers, UPS Capital, and Wachovia Bank.

Bob Coleman is the leading provider of SBA lender industry news. He is the publisher of the SBA Lender Daily and the Coleman Report. To hear him speak in Chicago or New York please RSVP to Jan Soohoo at (818) 790-4591 ext. 2.

Coleman's Speech: "What will happen to SBA's Lending Programs - 2009 and beyond"

Wednesday, September 17, 2008
12:00 p.m. to 1:30 p.m.
Union League Club of Chicago
65 West Jackson Blvd.
Chicago, IL 60604

Thursday, September 25, 2008
12:00 p.m. to 1:30 p.m.
The Williams Club
24 East 39th St.
New York, New York

Jan Soohoo
Coleman Publishing
818-790-4591 ext. 2


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