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IDS Corporation
8280 College Parkway
Suite 204
Fort Myers, FL 33919

Phone (239) 652-5588
Fax (239) 652-9988

admin@idscorp.org
IDS Corporation: 504 Update
Serving Small Business Since 1996

The Second Coming of the 504 Secondary Market

“Once upon a seemingly long time ago, in a lending market far, far away; lenders could sell the first lien position loans resulting from 504 projects...”

The stimulus package included provisions to encourage the securitization of 504 first lien position loans. SBA’s guidelines defining such actually came out in November of 2009, and it is expected that shortly that some potential players in the market may be attempting to begin securitization under these guidelines.

Please see a current NAGGL "InFocus" article addressing this issue:

Access to the secondary markets, can be a major issue for lenders attempting to utilize the 504 program. Whether from a desire to manage capital, liquidity or the credit exposures of the portfolio; the possibility of a renaissance of the secondary market is a development, of which, lenders need to be aware. Hopefully, your CDC is keeping you up to date on these matters, if not, perhaps you would like to update your CDC relationship?

Welcome to the Revolution.

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News & Events

NAGGL
WEBExpress - Evolution of an SBA Loan Default
January 21
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NAGGL
Establishing Internal Policies and Procedures for SBA Lending - Greensboro, GA
Feb 24
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NAGGL
SBA Lender Training Event - Huntington Beach, CA
March 8-11
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Coleman
Submitting Flawless SBA 7(a) Loan Packages
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INDEPENDENT DEVELOPMENT SERVICES CORPORATION
8280 College Parkway • Suite 204 • Fort Myers, Florida 33919
Phone: 239.652.5588 • Fax: 239.652.9988
Email: admin@idscorp.org • Website: www.idscorp.org

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