#BestChamber Practices - Conference Call to Put Decision Makers and Your Membership Together - Crossroads (Indiana) Chamber - Representative Shelli VanDenburgh

Politicians and chamber members both have busy schedules. It can be difficult to always meet at the same place at the same time. The Crossroads Chamber found a way to bridge that divide by scheduling a conference call with their representative, Shelli VanDenburgh. Members can participate in the call at whatever location they choose. Busy legislators can schedule the call in the middle of the day from their office or out on the road. Shelli was raised in Crown Point, attending Eisenhower Elementary, Taft Junior High and Crown Point High School.

Please join the Crossroads Chamber membership on Friday, January 31^st at 3:00pm to hear a legislative update from Representative Shelli VanDenburgh. This is a conference call and you can participate from anywhere! Conference Dial-in Number: 530-881-1000. - Chamber members can refer to recent chamber emails or call the chamber for the access code. Participants will have the ability to ask questions after Shelli provides her update. Hope to hear you on the call!

Sue Reed is the President & CEO of the Crossroads Regional Chamber of Commerce.

Here are some of the bills Shelli worked on during the 2012 Session:

• Senior Tax Exemption: Authored legislation to exempt seniors age 65 years and older, who earn $50,000 a year or less from state income taxes. Bill also provided a $1000 tax exemption for individuals that are totally deaf.


• Smoking Ban: Co-authored & passed legislation phasing in a statewide smoking ban.


• Inheritance Tax: Co-sponsored & passed legislation phasing out the inheritance tax over the next 9 years.


• Advisory Committee on Early Education: Co-sponsored and passed legislation creating a committee of early education leaders from around the state to advise the Education Roundtable on early education.

Multiple Sources: Crossroads chamber email and  Shelli VanDenburgh website

2014 St Louis Emerging Leaders - A Free Once-in-a Lifetime Training & Education Opportunity

Are you ready to take your business to the next level?

This training is for established business owners and executives that:  - Have annual revenues of at least $400,000  - Have been in business for at least 3 years  - Have at least one employee, other than self

 

 Apply today for your spot in Emerging Leaders
St. Louis Class of 2014  Join the St Louis SBA for an information session on Friday, February 21, 2014, from 2:00 p.m. to 4:00 p.m. To RSVP or for more information, contact Angie Wells at angela.wells@sba.gov or 314-539-6613.

WHAT: Emerging Leaders is an intensive executive-level training initiative to accelerate the growth of high-potential small businesses located in America’s cities.  Developed by the U.S. Small Business Administration, and drawing on the experiences of advisors and business leaders in the community, this comprehensive curriculum provides the tools to catapult your company to the next level and help it emerge as a force in your community. 

WHO: The Emerging Leaders advanced training series is open to small business owners and executives located in the St. Louis area that meet the qualifications above.  Owner or "C" level executives may participate. Class size is limited; one owner per business.

WHEN: Thirteen classes will begin April 22 at Webster University and run every other week through October 21.

COST: The only costs are your time and commitment to complete the curriculum. Anticipate 100 hours of combined classroom, homework and peer-to-peer mentoring.

HOW: Fill out the online registration form at http://www.interise.org/sbaemergingleaders. For questions or additional information, please contact Angie Wells, Project Manager, at 314-539-6613 or angela.wells@sba.gov. Application deadline is Sunday, March 16, 2014.

 Source: SBA email 01-28-14

#bestchamber practices - DeKalb Chamber of Commerce Monthly Radio Show

The DeKalb Chamber of Commerce has always been one step ahead of the crowd. They have a multi-media approach to getting the word out about their membership and their member events and their monthly radio program are this week's example of best chamber practices.

For more than 85 years, the DeKalb Chamber of Commerce has worked together with members to provide support and assistance to help the area’s business climate.

Executive Director Matt Duffy gave us the background on the chamber's approach to using broadcast on a regular basis. 

"Our radio show is something that we do once a month as a 20 minute discussion with the local DJ, usually a staff person (mostly me) and a local nonprofit or member rep. We cover an upcoming program or event that the guest has coming up and we'll cover a couple of our upcoming events or programs too. The feedback has been positive and it's  been good PR and additional exposure. We... recognize our Platinum Sponsors on each show."

The mission of the DeKalb Chamber of Commerce is: To serve and advance business interests of the Greater DeKalb Region. This is a great example of using every avenue available to get local information to the community about your membership. The chamber keeps podcasts of each show available on their website at www.dekalb.org along with a quick link on their chamber information page extending the value of each broadcast.

  

#LoveMyChamber - Return on Investment from my Annual Chamber Membership Reason #18 --- Virtual Offices

This Chamber of Commerce delivers its members additional value by offering the benefits of a virtual office. And this office has location, location, location!

The Downers Grove (Illinois) Chamber at 2001 Butterfield Road offers member businesses a chance to create their own virtual offices with an upscale address. Some of the features are:

Copy Machines
Fax/Phone Lines
Internet
Conference Facilities
Receptionist Services
Mailbox for a small monthly fee.





Laura Crawford is the chamber president. Visit the chamber at  http://www.downersgrove.org 

Source: Downers Grove Chamber Website

Reasons to #LoveMyChamber: The Chamber Membership Value Proposition - Chamber of Commerce annual dues: Around $250. Value of the Chamber of Commerce benefit #18 - Virtual Offices; $500 - Return On Investment Features #1-#18 = $11,100; Total Return On Investment for Annual Chamber Membership - 4440%.

#Chamber Executive Ongoing Education Weekly New Idea: Do More Great Work: Stop the Busywork. Start the Work That Matters.

 Do More Great Work: Stop the Busywork. 

 You’re up to your eyeballs answering email, returning phone calls, attending meetings, scrambling to get things done. But when did being busy become a measure of success?

Start the Great Work that Matters!

You know what Great Work is. You’ve probably had a few of these moments in your life. You’ve had times when you felt alive, passionate and powerful because you knew that you had just done something really great.

• It’s the stuff you dreamed about when you first started this career.
• It’s work you’re proud about, excited about, that means something to you
• It’s making a difference.
• It’s doing the stuff that matters.

A Practical and Fast Solution

Do More Great Work doesn’t take forever. It doesn’t suck up more of your life. It gives you back your life. So you can do Great Work. And make a difference.
In Michael Bungay Stanier’s Do More Great Work you’ll find fifteen ‘maps’, practical exercises to help you identify how to find, start and sustain more Great Work. Amongst other things you’ll learn:

• Where to find clues to your own Great Work. (They’re all around you.)
• How to locate the sweet spot between what you want to do and what your organization wants you to do.
• Tactics to best manage the overwhelm.
• How to double the likelihood you’ll do what you want to do.

There are also original contributions from leading thinkers like Seth Godin, Dave Ulrich, Michael Port, Penelope Trunk, Leo Babauta and Chris Guillebeau on how to do more of the important stuff.
To do more Great Work you need focus, you need courage and you need resilience. Do More Great Work will help you find all that and more. (See an interview with Michael where he talks about Do More Great Work, and how to find Great Work in your own professional life.)

You don’t need a coach or a support team or a two-day retreat to tackle what’s in this book.
You need pen and some paper and ten minutes.

Source: www.boxofcrayons.biz - Website Description - We help people, teams and organizations do less Good Work and more Great Work

#Chamber News - Merger Activity Increases Among Illinois Chambers

In Midwest chamber activity, the Woodridge (Illinois) Chamber of Commerce plans to merge with the Downers Grove Chamber of Commerce. The merger was announced by Dan Noll, president of the Woodridge Chamber. Laura Crawford is President of the Downers Grove Chamber.

The Buffalo Grove Area (Illinois) Chamber is moving ahead with its merger with the Lincolnshire Chamber. Lynn Schneider will lead the new combination.

#Chamber Members Needing Turnaround Help? - Consider the Pro Bono Services Available for Not-For-Profit or Small (Revenues Less than 3M) Business

Free Turnaround Management Consulting For Qualified Organizations

The ProBono Program is a volunteer effort supported by the members of the Chicago/Midwest Chapter of the Turnaround Management Association.

The mission of the program is to provide turnaround consulting and other necessary services at no charge to non-profit organizations and small for-profit businesses experiencing serious financial, operational, or other distress.


Eligibility Not-for-Profit: Organizations whose activities have a significant positive impact on the community, but whose agenda is neither political nor religious. Annual revenues of $3 million or less.

For-Profit: Companies with job retention or creation potential of at least four employees. No start-ups. Annual revenues of $3 million or less.

To apply for TMA Pro Bono services, please complete the TMA Application For Assistance and Waiver and Release Forms. If email is not an option for you, complete TMA Forms and fax them to the Chapter Administrator. A TMA representative will then contact you to discuss the scope of the issues and determine which skill sets are needed on the advisor team. After the team is appointed, its leader will contact you for advance information and to set up your initial meeting with the team.

To view the Pro Bono brochure, click here.

Pro Bono Committee Contact Persons:
 Lou Marosi, Linkage Capital Management, LLC
847-382-6801 x201
loumarosi@linkagecap.com

Barb Yong, Golan & Christie LLP
312-696-2034
blyong@golanchristie.com

Karl Madsen, Opteon Group LLC
219-801-8434
kmadsen@opteongroup.com

Chapter Administrator:
Chris Glatz
815-469-2935
815-469-1901 fax
cglatz@managementservices.org

 Source: Turnaround Management Association website

#Chamber Affinity Programs - U. S. Chamber's Federation Partnership - Membership Through Your Local Chamber

From the Springdale, Arkansas Chamber: 

Your membership in the Springdale Chamber automatically gives you membership in the U.S. Chamber of Commerce through the U.S. Chamber's Federation Partnership program. This partnership grows value for your business by giving you two memberships for the price of one. There is no additional cost as long as your maintain membership with the Springdale Chamber. Your membership also makes you eligible for a wide range of discounts and services.

This program makes you a part of a larger, unified network of small business advocates, giving the business community more leverage to influence policies and policymakers on the issues that matter most. Benefits range from solutions to help run your business more efficiently to grassroots tools and information. These toolkits address bottom-line issues affecting small business:

• The Financial Planning Toolkit which helps members make sense of their financial needs and develop and maintain sound financial plans.
• The Employer Toolkit which has valuable tips, tools, articles, and additional resources to tackle your members' employee troubles and ensure their business thrives.
• The Sales and Marketing Toolkit which provides guidelines to answer your small businesses' tough marketing and sales questions.

Perry Webb CCE, IOM is the President and CEO of the Springdale Chamber of Commerce.

Source: Springdale Chamber Of Commerce website

 follow me for chamber news/events

state/national continuing education

#BestChamber Practices - Emerging Leaders Detroit - a Once-in-a-Lifetime Executive Leadership Training Opportunity

Detroit Funded for Emerging Leaders Executive Leadership Training for 2014!

Registration is Now Open!

The SBA is funded for the sixth consecutive year to offer the e200 Emerging Leaders executive level training initiative.  The goal of the program is to identify existing urban based small businesses that show a high potential for growth and to provide them with the network, resources and motivation required to build a sustainable business of size and scale.  There are 15 slots open for businesses that meet the following criteria:

At least $400,000 in annual sales
At least 3 years in business
At least 1 employee in addition to the owner
Must be located in Detroit, Hamtramck, Highland Park, Flint, Inkster or Pontiac
Participant must be a key decision maker within the company such as the CEO, COO, CFO, Owner, President.

The program requires participants commit to at total 100 hours, including 40 hours of in class training, 7 CEO mentoring meetings, and course work assignments.  Classes begin in mid April and run through October. Exact start date to be determined.  At the end of the program, participants will have a three year strategic plan tailored to their business.  They will also be introduced to a network of business resources they can tap into going forward.  There is no charge to participants for the training. 

To apply for consideration to be accepted in the program online go to:  http://www.interise.org/SBAEmergingLeaders

To learn more attend:
Emerging Leaders Information Meeting
February 10, 2014
TechTown
440 Burroughs
Detroit, MI  48202
6:00 p.m. to 7:30 p.m. 
RSVP to Nancy Grose, nancy.grose@sba.gov
Phone:  313.226.6075 ext. 234
SBA Emerging Leaders webpage:  http://www.sba.gov/content/sba-emerging-200-initiative

Visit Communities Across America: http://www.villageprofile.com

Career Opportunity: Noblesville Chamber of Commerce President

  

With more than 20 years of chamber professional experience, Sharon McMahon, IOM, has announced her retirement (click here for full press release). The Noblesville Chamber's Board of Directors has started the search for qualified candidates to consider for the position that McMahon will vacate on February 28, 2014.  

Requirements:  Minimum undergraduate degree, preferably in business management.   Senior-level management experience as well as experience supervising staff, P&L accountability, strategic planning.  Should have track record in advocating pro-business philosophy. 

Letter of interest and resume may be sent to ATTN: Search Committee, 601 E. Conner Street, Noblesville, IN  46060.

The Noblesville Chamber of Commerce is an Equal Opportunity Employer.  

Source: Shelli Williams, ICEA

#LoveMyChamber --- Return on Investment from my Annual Chamber Membership - Reason 17 - 5% Immediate Discount for Chamber Members on Workers Compensation Group Plan Plus Possible Dividends

Example from the Kalamazoo Regional Chamber of Commerce: Participate in one of the most comprehensive and rewarding workers compensation plans in Michigan - the Group Program from Accident Fund Insurance Company of America.

Chamber Members receive a 5% up-front discount on their workers compensation policy through the Accident Fund Insurance Company of America. Participants also have the opportunity for a dividend payment that could result in offsetting a substantial amount of the insurance's premium. Dividend payments are based on the group's loss performance and could be as much as 15% or even more. There is no minimum premium requirement to participate.

For more information about Accident Fund Group programs, contact one of these Accident Fund certified insurance agents:

• Burnham & Flower Insurance Group at 269.381.1173
• HUB International Midwest at 269.323.1900
• Keyser Insurance Group at 269.381.3570
• Lighthouse Insurance Group at 269.381.4643
• Miller-Schuring Agency at 269.381.9442
• Nulty Agency at 269.372.9200
• Whitaker-LaChance Insurance at 269.324.7700

Already an Accident Fund policyholder? Talk to your agent to receive these Chamber savings at your next policy renewal.

Kalamazoo Regional Chamber President, Tim Terrentine


Reasons to #LoveMyChamber: The Chamber Membership Value Proposition - Chamber of Commerce annual dues: Around $250. Value of the Chamber of Commerce benefit #17 - Discount on Workers Compensation Group Plan; $300, possibly more - Return On Investment Features #1-#17 = $10,600; Total Return On Investment for Annual Chamber Membership - 4240%.

Source: Southwest Michigan First website, Kalamazoo Regional Chamber of Commerce

#chamber Executive Ongoing Education Weekly New Idea - Quiet: The Power of Introverts in a World That Can't Stop Talking

by Susan Cain

The book that started the Quiet Revolution

At least one-third of the people we know are introverts. They are the ones who prefer listening to speaking; who innovate and create but dislike self-promotion; who favor working on their own over working in teams. It is to introverts—Rosa Parks, Chopin, Dr. Seuss, Steve Wozniak—that we owe many of the great contributions to society.

In Quiet, Susan Cain argues that we dramatically undervalue introverts and shows how much we lose in doing so. She charts the rise of the Extrovert Ideal throughout the twentieth century and explores how deeply it has come to permeate our culture. She also introduces us to successful introverts—from a witty, high-octane public speaker who recharges in solitude after his talks, to a record-breaking salesman who quietly taps into the power of questions. Passionately argued, superbly researched, and filled with indelible stories of real people, Quiet has the power to permanently change how we see introverts and, equally important, how they see themselves.

#Chamber Member Business Financing Options: Government Microloan Program

Microloan Program

The Microloan program provides loans up to $50,000 to help small businesses and certain not-for-profit childcare centers start up and expand. The average microloan is about $13,000.
The U.S. Small Business Administration provides funds to specially designated intermediary lenders, which are nonprofit community-based organizations with experience in lending as well as management and technical assistance. These intermediaries administer the Microloan program for eligible borrowers.

Eligibility Requirements

Each intermediary lender has its own lending and credit requirements. Generally, intermediaries require some type of collateral as well as the personal guarantee of the business owner.

Use of Microloan Proceeds

Microloans can be used for:

• Working capital
• Inventory or supplies
• Furniture or fixtures
• Machinery or equipment

Proceeds from an SBA microloan cannot be used to pay existing debts or to purchase real estate.

Repayment Terms, Interest Rates, and Fees

Loan repayment terms vary according to several factors:

• Loan amount
• Planned use of funds
• Requirements determined by the intermediary lender
• Needs of the small business borrower

The maximum repayment term allowed for an SBA microloan is six years. 
Interest rates vary, depending on the intermediary lender and costs to the intermediary from the U.S. Treasury. Generally, these rates will be between 8 and 13 percent.

Application Process

Microloans are available through certain nonprofit, community-based organizations that are experienced in lending and business management assistance. If you apply for SBA microloan financing, you may be required to fulfill training or planning requirements before your loan application is considered. This business training is designed to help you launch or expand your business.

Find a Microloan Provider

To apply for a Microloan, you must work with an SBA approved intermediary in your area. Approved intermediaries make all credit decisions on SBA microloans. For more information, you can contact your local SBA District Office or view the list of Participating Microloan Intermediary Lenders in the Attachments list below.  

Ask a Question in the SBA Community

If you have questions about applying for an SBA microloan, you can post it to the SBA online community.

Source: SBA.gov

#Chamber Affinity Programs --- Springdale Chamber and NationJob Offer Free Job Postings for Companies with 35 or Fewer Employees

NationJob

As a benefit of membership, the Springdale Chamber has partnered with NationJob, one of the largest and most recognized internet job sites in the world, to offer a significant tool for employers and job seekers. Utilizing NationJob's vast database, Chamber members can now easily post jobs in a wide array of categories.

Members with 35 or fewer employees can post their job needs online at no cost. Members with more than 35 employees may take advantage of the service for a reduced annual fee based on number of employees.

Major companies in Springdale and across Northwest Arkansas are Featured Employers on the site and post hundreds of jobs. NationJob has proven to be an effective job search tool for trailing spouses and its PJ Scout service allows job seekers around the world to be notified on a regular basis of jobs that become available in Springdale and the region.

Source: Springdale Chamber of Commerce website

#Chamber Best Practices --- One Southern Indiana Chamber Exceptional Links Page

One Southern Indiana Chamber in New Albany, Indiana makes it easy for members to find information that is useful to them: Here’s a web link page One Southern Indiana set up for its membership. This is a great example of the type of information delivery that makes chambers of commerce membership the "must-have" resource for 2014 to start, finance, expand, advocate for your business. The chamber president is Wendy Dant-Chesser.

Links

The official websites for various governmental entities are listed below.

One Southern Indiana Votes!

Federal
The U.S. House of Representatives
The U.S. Senate
The White House

State
IDEM Compliance and Technical Assistance
IDEM Permit Guide
Indiana Department of Employment and Training Services
Indiana Department of Environmental Management
Indiana Department of Workforce Development
Indiana Economic Development Corporation
Indiana Economic Development Corporation Office of the Ombudsman
Indiana State Police
State of Indiana

Local/Regional
Bowman Field
City of Charlestown
City of Jeffersonville
City of New Albany
Clark County
Clark County Airport
Clark County Commissioners
Clark County Council
Clarksville Town Board
Floyd County
Louisville International Airport
New Albany City Council
Ports of Indiana

Regional Airport Authority
Town of Clarksville
Town of Sellersburg
Transit Authority of River City

Resource Links

These links are in addition to the Government Links and should provide you with valuable information about our area.

Chamber/Organizations
Community Foundation of Southern Indiana
Develop New Albany
Greater Louisville Inc.
Regional Leadership Coalition
Southern Indiana Convention & Tourism Bureau
The Indiana Small Business Development Center

Education
Bellarmine University
Galen College of Nursing
Prosser School of Technology
Hanover College
Indiana University Southeast (IUS)
Indiana Wesleyan University
IVY Tech Community College
Jefferson Community College
McKendree College
Mid-America College of Funeral Services
Ottawa University
Purdue School of Technology
Spalding University
Sullivan University
University of Louisville
Webster University

K-12 (Public)
Clarksville Community Schools
Greater Clark County Schools
Charlestown High Schools
Jeffersonville High School
New Washington High School
New Albany/Floyd County School Corporation
Floyd Central High School
New Albany High School
West Clark Community Schools
Henryville High School
Silver Creek High School

K-12 (Private)
Christian Academy of Indiana
Community Montessori
Holy Family School
Our Lady of Providence

Arts/Entertainment/Recreation/Etc.
Actors Theatre of Louisville
Horseshoe Southern Indiana
Carnegie Center for Art and History
Derby Dinner Playhouse
Harvest Homecoming
Kentucky Center for the Arts
Louisville Slugger Museum
Paul W. Ogle Cultural Center
Stage One
The Charlestown State Park
The Clark County State Forest
The Falls of the Ohio State Park
The Kentucky Derby
The Kentucky Derby Festival
Indiana Tourism
Indiana Festival Guide
Indiana State Parks
Southern Indiana Convention & Tourism Bureau

Health Care
Baptist East
Clark Memorial Hospital
Floyd Memorial Hospital and Health Care Services
Lifespring Mental Health
Lifespring Mental Health Services (foundation)
Jewish Hospital
Kosair Children’s Hospital
Norton Hospital
Southern Indiana Rehab
Saint Catherine Regional Hospital
University Hospital

Media
Business First
Charlestown Leader
Corydon Democrat
The Courier-Journal
The News and Tribune
WAVE-TV 3 (NBC)
WBNA-TV 21 (PAX/Christian)
WDRB-TV 41 (FOX)
WHAS-TV 11 (ABC)
WKPC-TV 15 (PBS)
WLKY-TV 32 (CBS)

Transportation
American Commercial Lines LLC
Bowman Field
Clark County Airport
Clark Maritime Center
CSX
Louisville Indiana Railroad
Louisville International Airport
Regional Airport Authority of Louisville and Jefferson County
Transit Authority of River City (TARC)
United Parcel Service (UPS)

Utilities
Clark County REMC
Duke Energy Indiana
Indiana-American Water Co., Inc.
Vectren Energy Delivery of Indiana, Inc.

Source: One Southern Indiana website: http://www.1si.org 

http://midwestchamberofcommerce.blogspot.com/ 

Small Business Week Nominations Due in four days - Jan. 17 - Local, Regional and National Recognition

Small Business Week Awards

National Small Business Week has been recognizing the special impact made by outstanding entrepreneurs and small business owners since 1963. During this week, the U.S. Small Business Administration honors small business owners and entrepreneurs for their outstanding achievements through various awards.
SBA is currently seeking nominations from the public for exceptional entrepreneurs. You can use this online portal to submit your nomination for the following awards:

• Small Business Person of the Year Awards
• Small Business Exporter of the Year
• Phoenix Award for Small Business Disaster Recovery
• Phoenix Award for Outstanding Contributions to Disaster Recovery
• Federal Procurement Award- Small Business Prime Contractor of the Year Award
• Federal Procurement Award- Small Business Subcontractor of the Year Award
• Federal Procurement Award- Dwight D. Eisenhower Award for Excellence
• 8(a) Graduate of the Year Award
• Small Business Development Center Excellence and Innovation Award
• Veterans Business Outreach Center Excellence in Service Award
• Women’s Business Center of Excellence Award

More information: http://nationalsmallbusinessweek.sba.gov/user

 

To use the Small Business Week Nomination Portal, you will need to register for an account. Registration is required to protect your information from unauthorized access. This site complies with the Federal Information Security Management Act. For more information, visit http://www.sba.gov/about-sba-info/privacy-policy.

Source: SBA.gov 

Chamber Map - Chamber Directory Request For Proposal (RFP):

http://www.vp-mobile.com/form-joe/contact.html

#Chamber Executive Ongoing Education Weekly New Idea: Chicken Soup for the Soul: The Power of Positive

Winter weather has taken its toll this year. Most of the email I received last week from chambers had to do with chamber event cancellations. Anything scheduled last Monday or Tuesday was likely postponed or rescheduled due to safety concerns with the weather.  With 10 more weeks of winter, here's a book to read to stay positive.

Chicken Soup for the Soul: The Power of Positive- By Jack Canfield, Mark Victor Hansen and Amy Newmark

101 Inspirational Stories about Changing Your Life through Positive Thinking

Attitude is everything. And this book will uplift and inspire readers with its 101 success stories about the power of positive thinking and how contributors changed their lives, solved problems, or overcame challenges through a positive attitude, counting their blessings, or other epiphanies.

-------

John Dussman is Midwest Manager for VillageProfile.com, working with chambers in Arkansas, Illinois, Indiana, Kentucky, Michigan and Missouri. More than 1500 U. S. Chambers of Commerce have trusted Village Profile to produce their Membership Directories, Community Profiles, Economic Development magazines and Chamber of Commerce Maps. Contact John at jdussman.vp@villageprofilemail.com or (800)-600-0134 x239. 

#Chamber members looking for an SBA Guaranteed Loan? New SBA 7a Loan Guaranty Application Procedures Started 01/01/14

Effective January 1, 2014, the U. S. Small Business Administration is using Forms 1919 and 1920 for all 7a loan applications (except for the Export Working Capital Program which uses SBA Form 84-1) and will no longer accept guaranteed loan applications using SBA Form 4 or 2301. The revised versions of SBA Forms 1919 and 1920 are in the final clearance stage and are expected to be approved for use soon. Until then, lenders must use the existing 1919 and 1920 forms (Revised 5/2012 versions), accessible via the following links:

1. Borrower’s Application - SBA Form 1919 (Rev 5/2012); and
2. Lender supplemental information - SBA Form 1920SX Part B; and
3. Eligibility information – SBA Form 1920 SX Part C and

As a reminder, other procedures that lenders must also complete as a part of the loan guaranty application process include:

1. Lenders are required to input their loan data into E-Tran.
2. All small business loan applicants must have a DUNS number.
3. Lenders are responsible for ensuring that loan applicants (including any affiliates) and guarantors have not had a prior loss on a federal loan and can check this information through Credit Alert Verification Reporting System (CAIVRS). Instructions on how to access the system is available in the CAIVRS FAQs.
4. Lenders are responsible for consulting the System for Awards Management (SAM) Excluded Parties List System (EPLS) or successor system to determine if a key employee of the applicant business or agent involved with the loan application has been debarred, suspended or otherwise excluded by SBA or other federal agency.
5. The IRS verification process (IRS Form 4506: Request for Transcript of Tax Return) must be completed prior to the submission of the application to the Loan Guaranty Processing Center (LGPC). For delegated lenders, the IRS verification process must be completed prior to the first disbursement.


Date: 1/3/2014 Author Information: Angie Wells, angela.wells@sba.gov or
314-539-6613

Source: SBA email communication