SBA intends to award a discretionary grant to the National Association of GovernmentGuaranteed Lenders (NAGGL) for the purpose of providing SBA 7(a) training to nonprofit lenders participating in the SBA Community Advantage Pilot Loan Program(CA).
NAGGL has extensive experience with providing
training to lenders on SBA’s 7(a)loan product in the areas of loan origination, loan servicing and loan liquidation.
Thisdiscretionary grant will serve as a proof of concept to explore the success of regionaltraining to mission lenders participating in CA.
These training needs have beenidentified by SBA’s Office of Credit Risk Management to increase the performancelevel of lenders participating in the CA program.
SBA will work closely with NAGGL inshaping the project as it is implemented and will draw lessons learned from itsimplementation and use that insight and experience in deciding whether or not tocontinue the initiative in a permanent form, which we would then do via the standardcompetitive process for awarding grants.