Industry opposition leading to change?  
  As noted in the WBD Seminar Presentations, SBA’s new standard operating procedure (SOP 50 10 5J) effective January 1, 2018 includes a requirement to screen the available liquid resources of all 10% owners and comment on why those funds are not available for use in the SBA 504 project. SBA now has a notice in clearance to update and clarify this new liquidity review requirement. We expect the new guidance to be available by the end of March. We are hopeful that the review of liquid assets will be modified to apply only to 20% owners and guarantors of the 504 project as well as providing clarity on any upward limits. WBD will share guidance as soon it is available.  
   
 
  WBD Service Company - Fundamentals of SBA 7(a) Training (2 day).
Space is limited and classes are filling up fast, so sign up today!
 
  April 17 - 18 Kimberly  
  April 24 - 25 Madison  
  SCORE/SBA Small Business Awards Breakfast  
  Fri, May 4 Waukesha (Milwaukee Marriott West)  
  Wisconsin Lenders Conference  
  May 10 - 11 Wisconsin Dells (Kalahari)  
 
     
  March Interest Rates
(for deals approved in 2018)
 
 

10 Year

5.112%
 
20 Year

4.920%
 
Refi 20 Year

4.969%
 
 
  2018 Seminar Series Wraps Up  
  Thank you to everyone who joined us for a Seminar Series Presentation this year. It was our pleasure to visit with hundreds of lenders from across our service area and share news and updates about WBD and the SBA 504 program.

If you missed our program this year and are interested in getting a copy of the slide deck, give Diane or Nick a call or send Nick or Diane an email and one of us will gladly send the PDF your way!
 
  A Customer Appreciation Happy Hour for Madison area is now set for April 25  
  WBD Loan Officers Diane Byler and Nick Drewsen invite you to join them for a spring Happy Hour at WBD client Drumlin Ridge Winery in Waunakee, WI.

Join Diane, Nick and other WBD staff at this casual social event where you can network with other bankers and get an up close look at a new and growing area business.

This free event is open to all lenders, economic development, and related professionals. Register today!

 
 
     
4618 South Biltmore Lane  |  Madison WI 53719
www.wbd.org | blog.wbd.org