The Franchise Registry will help SBA and its participating lenders make consistent eligibility decisions, speed access to SBA financial assistance, streamline processing and recognize industry-specific factors during the loan review process. The Registry enables lenders and SBA local offices to verify a franchise system’s lending eligibility through the Internet. This reduces red tape, time and costs for all concerned.
Leaders take action. They are decisive and confident, and therefore successful in accomplishing their goals. Over NAGGL’s more than 25 years of existence, it has displayed these traits in seeking the good of the 7(a) product and those who depend on it. NAGGL serves the needs and represent the interests of the small business lending community that utilizes SBA business loan products. NAGGL’s leadership milestones began in 1984 and continue today.
The National Association of Development Companies is the trade association for the nation’s Certified Development Companies (CDCs). Our members are non-profit organizations that have been certified by the U.S. Small Business Administration (SBA) to provide financing to small businesses through the SBA 504 loan products. The SBA 504 loans were created for two reasons: (1) To provide financing to small businesses that are ready to expand and need funds to purchase real estate or capital assets, and (2) for the purpose of stimulating economic development through job creation, business growth and increased tax revenues.
Since its founding on July 30, 1953, the U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses.