PROGRAM FOR INVESTMENT IN MICROENTREPRENEURS

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SBA intends to award a discretionary grant to the National Association of Government Guaranteed Lenders (NAGGL) for the purpose of providing SBA 7(a) training to non profit 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.  This discretionary grant will serve as a proof of concept to explore the success of regional training to mission lenders participating in CA.  These training needs have been identified by SBA’s Office of Credit Risk Management to increase the performance level of lenders participating in the CA program.  SBA will work closely with NAGGL in shaping the project as it is implemented and will draw lessons learned from its implementation and use that insight and experience in deciding whether or not to continue the initiative in a permanent form, which we would then do via the standard competitive process for awarding grants.

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