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Recap from SBA Administrator hearing with HSBC | NADCO NewsBriefs | 26 Feb. 2015

Thursday, February 26, 2015   (0 Comments)
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DCF LLC teams with SBA to hold LINC webinar on March 3 at 4 p.m. ET
DCF LLC | To take place 3 Mar. 2015
Due to a high demand from CDCs for more information about the LINC (Leveraging Information & Networks to Access Capital) program, DCF LLC has teamed up with Jamie Davenport of SBA's Office of Economic Opportunity to hold a free educational webinar to provide a demonstration of LINC, as well as testimony and information from CDCs currently participating in LINC. View full announcement with details.

Spring Summit (May 10-13) will be here before you know it
NADCO Events | 26 Feb. 2015
NADCO's Spring Summit, the mother of all midyear conferences and the first conference of its kind, is (already!) less than three months away. Don't miss our revamped D.C. conference, which will feature interaction with CDCs from around the country and leadership from SBA headquarters as well as a breadth of hot topics and discussions on the latest industry challenges. Click here for details and registration.

SBA Administrator hearing with House Small Business Committee
NADCO Congressional Update | 26 Feb. 2015
Yesterday, the House Small Business Committee held its annual hearing on the SBA budget request for FY2016. Administrator Contreras-Sweet was the sole witness. The schedule of votes in the House meant that the hearing was much quicker than planned but there were two exchanges of interest to the 504 industry. First, the Administrator emphasized that the lending programs, including 504, are at zero subsidy this year. Second, Chairman Chabot (R-OH-1) highlighted the struggles CDCs and small businesses have with the open-ended indemnities policy SBA instituted. During his opening statement, the Chairmen shared with the Administrator and his colleagues that, “[a]fter more than 60 years in existence, executive direction from the SBA suddenly determines that a more than century-old statute, the Anti-Deficiency Act, applies to the closing of loans without any explanation.” NADCO continues to work daily with Congress and the SBA in an effort to reverse this challenging policy.   

DID YOU KNOW: NADCO would love to receive your CDC's Newsletters
NADCO Marketing & Congressional | 26 Feb. 2015
NADCO's work of collecting CDCs' economic development and borrower stories is never complete. Especially because CDCs keep doing great work and helping more borrowers. If you have an existing newsletter, please add NADCO to the distribution list:

TMC Financing hires Stella Chan as Senior VP/Senior Credit Officer
Release | 20 Feb. 2015
In this role, Chan is responsible for loan prequalification and secondary credit review and managing the board of directors’ loan approval process. She also acts as a liaison between TMC and the SBA, and provides support and training to other TMC staff. Chan initially joined TMC in 1996, serving as vice president/senior loan officer until 2008. 
View the full release. 

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