NAGGLNational Association of Government Guaranteed Lenders (Stillwater, OK)
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NAGGL is overseen by a board of directors made up of 19 elected voting representatives and six ex officio voting members.
She is highly respected by the industry,” said Anthony Wilkinson, president and CEO of NAGGL.
The Distinguished Service Award is presented annually to recognize outstanding contributions to NAGGL and Small Business Administration lending.
The IFA has offered exemplary leadership in small-business lending advocacy and through its strategic initiatives on behalf of our nation's veterans," said NAGGL's Chairman Emeritus Deryl Schuster.
PROFIT The NAGGL website notes that "return on assets of SBA loans can easily exceed 5 percent, and return on equity can exceed 70 percent." While return on assets is a poor measure of profitability, return on equity is not.
In a congressional hearing, NAGGL's chairman explained that "if you were to sell the SBA guarantee portion, now you have only 25 percent of direct exposure on your bank's books ...
NAGGL president and CEO, Tony Wilkinson said, "The SBA 7(a) program continues to offer many small businesses the best opportunity out there to start or expand their business and to create or maintain jobs.
During the Small Business Lending & Investment Summit, NAGGL chairwoman Lynn Ozer, EVP, Susquehanna Bank will discuss how the SBA 7(a) loan program is ideal for providing working capital to Main Street businesses.
"Bankers are here looking for new markets in which to make loans, and it was very encouraging to see the partnership between NAGGL and the IFA," said John Kimball, senior vice president and manager of SBA Lending at Park Midway Bank in St.
IFA and its anchor partners, the CBA, the National Association of Government Guaranteed Lenders (NAGGL), CIT Group and the National Restaurant Association (NRA), have launched a multi-tiered effort to create better borrowers, help lenders understand the great opportunity of franchise lending, and advance a pro-business, pro-lending policy agenda.
The National Association of Government Guaranteed Lenders (NAGGL), the only national trade association that serves participants in the Small Business Administration's 7(a) business loan program.
"We were very pleased to host our lending partners at NAGGL as partners in a major initiative to improve credit access for small business growth and job creation," said Caldeira.