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Federal Register—Pooling Program

The SBA interim final rule with request for comment on the Secondary Market First Lien Position 504 Loan Pool Guarantee Program.  Federal Register, Volume 74, Number 209.  Friday, October 30th, 2009, pages 56087-56098.

Related Links and Files

Below are links to other important sites relating to 504 lending and the new 504 Pooling Program.

504 Pooling Program Guide

The link to the First Lien Position 504 Loan Pooling Program Guide.  Dated November 5th, 2009.

NADCO Website

The home page for the National Association of Development Companies.  NADCO is the trade association of Certified Development Companies (CDCs).  CDCs are companies that have been certified by the SBA to provide financing for small businesses under the SBA 504 Program.

SBA Website

The home page for the Small Business Administration, an independent agency of the federal government whose purpose is to aid, counsel, assist and protect the interests of small business in the United States.

Government Loan Solutions

The home page for one of the sponsors of Secondary Market Access. GLS is a leading consulting firm to the SBA and USDA lending industry.

To contact GLS:

Phone: 216-456-2480

Fax: 216-456-2481

E-mail: info@glsolutions.us

Secondary Market Access

Helping lenders access the 504 secondary market.

CPR Report February 2010

The CPR Report issue that introduces SMA and provides background information on the program.  Pages 1, 3-4.

CPR Report March 2010

The CPR Report issue that discusses the pooling program as it applies to non-bank lenders.  Also includes a program update.  Pages 1, 4-5.

CPR Report April 2010

The CPR Report issue that discusses the income potential, premiums, servicing and FAS 166 for the pooling program.  Pages 1, 3-4.

CPR Report May 2010

The CPR Report issue announces the start date for the pooling program.  Pages 1, 4-5.

SBA Form 2401

The SBA form needed to sell a maximum of 85% to a Pool Originator.

SBA Form 2402

Pool Certificate transfer agreement.

SBA Form 2403

Application for a pool to be executed by the Pool Originator.

SBA Form 2404

The SBA application to become a Pool Originator.

CPR Reports:

A monthly publication, published by GLS, that discusses the 504 pooling program.

SBA 504 Pooling Program Forms:

The various forms needed to participate in the 504 pooling program.

Websites, Important Documents and Files

Various websites, documents and files to help understand and participate in the 504 pooling program.

SMA Loan Sale Template

The link to our loan sale template that needs to be filled out in order to get a bid indication from the various Pool Originators.

SMA Rate Guidance Sheet

The link to our most recent Rate Guidance Sheet.  This sheet is used to calculate premiums for specific loan structures that are favored by the Pool Originator community.

Loan Sale Flow Chart

A graphical representation of the flow of cash and forms in order to sell and securitize 504 loans.

CPR Report June 2010

The CPR Report issue that discusses the progress toward the start date of the program.  Pages 1, 3-4.

CPR Report July 2010

The CPR Report issue that discusses the HR 5297, the Small Business Bill, as well as a program update.  Pages 1, 4-5.

CPR Report August 2010

The CPR Report issue that discusses the potential for HR 5297 to pass in September, as well as a program update.  Pages 1, 4-7.

CPR Report September 2010

The CPR Report issue that discusses the passage of HR 5297 in the Senate.  Pages 1, 4-7.

CPR Report October 2010

The CPR Report issue that discusses the beginning of the program.  Pages 1, 3-6.

Colson ACH Form

Colson Services form that authorizes them to collect borrower payments via ACH.

CPR Report November 2010

The CPR Report issue that discusses the first two months of the program.  Pages 1, 3-6.

CPR Report December 2010

The CPR Report issue that discusses the volume to date of the program.  Pages 1, 3-6.