7(a) Loan Guaranty Program - Small Business Administration

[Pages:43]7(a) Loan Guaranty Program

March 5, 2019 @ 11 a.m. Eastern

To listen by phone, dial 1-877-369-5243 then enter access code:

0690788## For technical assistance, contact the AT&T

Helpdesk at 888-796-6118

7(a) Loan Guaranty Program

March 5, 2019 Presenters ? Brendell Givens & Bill Reed

WHO ARE WE?

... AND WHAT DO WE DO?

7(a) LOAN GUARANTY PROCESSING CENTER (LGPC)

LGPC MISSION STATEMENT

The mission of the Center is to efficiently process 7(a) loan guaranty applications and to provide assistance and oversight, as necessary, to lenders before and after submission.

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7A LGPC LOCATIONS

6501 Sylvan Road, Suite 122 Citrus Heights, CA 95610 Phone: (877) 475-2435

262 Black Gold Blvd Hazard, KY 41701 Phone: (606) 436-0801

General Questions:

Loan Mods (prior to full disbursement):

Phone: (877) 475-2435 7aQuestions@

7aLoanMod@

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LGPC LEADERSHIP TEAM

Gregory Prichard

Center Director

Betty Hill

Assistant CD, Policy

Annette May

Deputy Center Director

Vacant

Deputy Center Director, Hazard

Customer Service Departments Theresa "Teri" Hendrix

Loan Modification Supervisor

Bill Reed

Loan Processing Team Supervisor

Customer Service Liaison/ 7a Questions

Loan Processing Activities

Eric Aylor

Loan Processing Team Supervisor

Kimberly Bury

Loan Processing Team Supervisor

Brendell Givens

Loan Processing Team Supervisor

Kristi Harris

LP Support Supervisor

eTran Support

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LGPC WORKFLOW

Lgpc workflow

The completeness of the submission package will impact the efficiency of the processing timeline.

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WHO MUST USE THE LGPC

Non-Delegated Lenders All 7(a) Loans (except SBA Express and Export Express)

Delegated Lenders (In the following scenarios)

Who Must use the lgpc Refinance of Same Institution Debt (SID), refinancing a 504 Loan, when using "no

longer meets the needs of the business" for refinance and change in ownership debt refinance within 6 months Financing of an OREO property A Delegated Lender that is making a personal loan to the borrower for the required equity injection Where there is a potential conflict of interest with the lender An owner of 10%, or more, is an SBA employee, former SBA employee, or Member of Score or Congress When there is known environmental contamination or on-going remediation at the property

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