Remington Ruger Winchester III – Red Bone Coon Hound

Boating on the St. Johns River (300)


He believes he is a lap dog…






SBA 7(a) program runs out of funds – Costs my company $10,000

Subject: FW: Information Notice 7(a) Loan Program Authorization Level

This is an email I just sent out to all of the employees of





It’s a good headline in the big scheme of things.. It means that the economy is recovering.


It’s a TERRIBLE headline if you are a day from being approved and cannot get funded until next fiscal year (October 1), and the contract you are under requires you to close by August 14th.


Our building deal just went up in smoke.  Today we were expecting the bank to give us our letter of commitment, thereby committing to a loan on our new office building.  However, with this news the loan can’t be funded until the Federal Government’s next fiscal year (October 1, 2015) or unless congress takes action (ha-ha our Congress taking action, there is nothing funnier) , and since our contract would require us to close on the building by August 14, 2015, we simply cannot go forward under those conditions / risks.

That said the situation also just cost us to lose approximately $10,000.  We had hard money spent on the Survey, appraisal, and environmental study, along with additional costs to our CPA firm for preparing and re-preparing numerous financial reports in pursuit of this loan.

All is not lost however. Simply delayed.  The building may or may not be available when the SBA 7a program is funded in October.  If it is available, we can obviously make another offer and pick up where we left off (if the seller would be willing to tie it up again for us, as it obviously didn’t work out to well for them this time).  If the building is not available, then we are back at a new square looking for a new location.  But having been through this once it won’t take us long to get approved again.  The only difference being; we’re $10,000 lighter as the environmental, Survey, and appraisal are useless on any other property.

Obviously, I am not too happy.  I damn sure didn’t want to lose 10 grand, and even more so I didn’t want to waste all of this time.  I have spent the better of the last 4 month working on this.  It really is a “bummer” to have come this far, poured this much time and effort in, only to have it all wasted at the last moment.

On the positive side had this announcement come 2 business days later we might have been on the hook for an additional $15,000 in earnest money.  Timing is everything.

And for those that want more… below is the actual announcement from the SBA to our lender yesterday. Sigh…


Ken Knorr


That Company

a division of Buildtelligence

  • 352-319-0222
  • 352-323-4822


From: Burr.Gail []
Sent: Thursday, July 23, 2015 10:56 AM
To: Ken Knorr
Subject: Information Notice 7(a) Loan Program Authorization Level


Here is the email from SBA that speaks to the 7(a) funding.
From: Bryant, Rosalind D. []
Sent: Thursday, July 23, 2015 08:48 AM
Subject: Information Notice 7(a) Loan Program Authorization Level



Information Notice

TO:                All SBA Employees CONTROL NO.: 5000-1344
SUBJECT: 7(a) Loan Program Authorization Level EFFECTIVE: 7-22-2015


In recent months, SBA’s 7(a) program has experienced unprecedented demand from America’s small business community.  SBA has already approved over 45,000 loans this year totaling more than $16.5 billion, a 25 percent increase over this same period last year.  At this rate of usage, the program will hit its FY 2015 loan volume ceiling of $18.75 billion before the end of the fiscal year and likely within the next few days.  Once this statutory cap is reached, SBA will be forced to suspend its 7(a) small business lending until the start of the new fiscal year on October 1, 2015, unless the 7(a) loan authority is increased.


SBA recognizes that any lapse in the 7(a) loan program would impact thousands of entrepreneurs and businesses who rely on the program to overcome their inability to otherwise secure the credit necessary to start or expand their business.  SBA is working with Congress to avoid a suspension by raising the statutory loan cap, but there can be no assurance as to the timing or likelihood of a legislative solution.


Accordingly, SBA is providing information in anticipation of the end of the availability of 7(a) loan authority.  Applications will be processed up to the point of approval and then will be placed into a queue awaiting the availability of program authority (the “Queue”).  Once program authority becomes available due to Congressional action or as a result of cancellations of loans previously approved this fiscal year, applications in the Queue will be funded in the order they were approved by SBA, with the exception that requests for increases to previously approved loans will be funded before applications for new loans.


There is sufficient program authority to fund loans already accepted for processing by SBA’s Loan Guaranty Processing Center.  Applications submitted under delegated and non-delegated processes after the date of this Notice will be placed in the same Queue.  Applications placed in the Queue awaiting the availability of program level may experience significant delays and may not be funded until on or after October 1.


The Certified Development Company (504) Program continues to have available capacity to fund 504-eligible loans through the end of the fiscal year.


SBA Field Offices must notify lenders about this Notice.  Questions concerning this Notice should be directed to the lender relations specialist in the local SBA field office.  The local SBA field office may be found at


If today was your last Day

My best friend gave me the best advice
He said each day’s a gift and not a given right
Leave no stone unturned, leave your fears behind
And try to take the path less traveled by
That first step you take is the longest stride

Continue reading

You’re Never Going to be Alone

Time, is going by, so much faster than I,
And I’m starting to regret not spending all of it with you.
Now I’m, wondering why, I’ve kept this bottled inside,
So I’m starting to regret not telling all of this to you.
So if I haven’t yet, I’ve gotta let you know…

Continue reading

My next 30 years…

To all my Birthday well wishers!  Thanks!

At first I was going through all the posts on Facebook and honestly it was making me a little “blue”.  I had the realization that I have probably lived more life than I have left..  It didn’t take me long to “shake it off”… Then I remembered this great song on the subject….

I think I’ll take a moment, celebrate my age
The ending of an era and the turning of a page
Now it’s time to focus in on where I go from here
Lord have mercy on my next thirty years

Continue reading

Amazing People Can Come From This Town

It’s true and our young people should be taught to believe it, and our teachers and guidance counselors should remember it everyday they work with a student who seems uninspired.  If you know someone who attends a Lake County school, attended, attends or is considering attending Lake Sumter State College, they should read this.

In late September Phil Baran was awarded a McCarthar Foundation Fellowship.  The MacArthur Fellowship is a five-year grant to individuals who show exceptional creativity in their work and the prospect for still more in the future. The fellowship is designed to provide recipients with the flexibility to pursue their creative activities in the absence of specific obligations or reporting requirements. There are no limits on age or area of activity. Individuals cannot apply for this award; they must be nominated. Continue reading

Fantastic Baby – Bing Bang

Yeogi buteora, modu moyeora
We gon’ party like, lilililalala~
Mameul yeoreora, meoril biwora
Bureul jjipyeora lilililalala~

Jeongdabeun mutjji malkko geudaero badadeuryeo neukkimdaero ga Alright~
Haneureul majuhago du soneul tta wiro jeo wiro nalttwikko shipeo0~

[G-Dragon] Nanananana nanananana~
Wow Fantastic Baby~

Dance! (Ooh-hoo~) I Wanna Dance Dance Dance Da-Dance [Seungri] Fantastic Baby~
Dance! (Ooh-hoo~) I Wanna Dance Dance Dance Da-Dance [GD] Wow Fantastic Baby~

Continue reading Closes – Was Google the Cause?

Today I went to look at

I found this on their home page: closes

17 years of service, almost half a billion dollars worth of computer products put in the hands of loyal Geeks worldwide, jobs for hundreds of people and support for their family members. That is what meant to us and the people who worked here.

But all good things come to an end.

As of today, Friday, August 2nd, 2013, we are turning off ordering on We will cease to sell and ship products immediately. has always stood behind our products and don’t intend to stop now. Any orders placed will ship. We plan on fulfilling all of our responsibilities, including orders, credits, and we will have a small staff on hand to answer questions, to process returns, and to faithfully honor warranties. Be patient as we will have no phone support.

They went on to say more about why.  I am pretty sure that they are blaming for their demise.  When they said: Continue reading