Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
FROM RICHARD JEFFREY @ J.R. BRUNO … SEE YOU AT NADCO’S ANNUAL MEETING OCTOBER 16-18 IN FORT LAUDERDALE!
It’s time for another NADCO Annual Meeting and, as always, I’m looking forward to it. The meeting is a wonderful opportunity to catch up with old friends and colleagues, meet new ones, and swap stories about our loan programs. And [...]
I’m a “look forward” kind of person, so reflecting on the past isn’t really my thing. But I guess my 5-plus years with J.R. Bruno & Associates gives me a reason. It’s been an amazing ride. I’m still happily on [...]
At JRB, we perform annual loan reviews for lenders across the country. Yet often we get questions from lenders asking why their reviewer criticized one thing or another – even if we’re not performing their review. Among the most common [...]
We're meeting up with SBA lenders and industry leaders from up and down the Eastern Seaboard at this year's America East, August 1-3. As always, America East is a great opportunity to network with peers and get the latest updates [...]
Our client Q&A sessions just keep rolling! Answers to questions often draw new questions from other clients. Recently we answered a question about a business that was owned more than 50% by a citizen of a foreign country. That answer [...]
Hot-Button Issue Getting Hotter! SBA means business. Back in March we alerted you to SBA’s first-time language addressing retail marijuana-businesses. See SOP 50 10 5 (J) (1/1/18). Subpart B, Chapter 2, V. Eligible Use of Loan Proceeds, F, 1, g, [...]
We see a common trend in our loan review and liquidation work with clients across the country: As soon as a loan begins showing stress, so do the lender's procedures. In a perfect world this wouldn't be the case, but [...]
THE KEY: PRIMARY SOURCE OF REVENUE I had an interesting experience recently. A client and I had a running back-and-forth about possible situations when a real estate development project would be eligible for an SBA loan – or not. It [...]
We’re heading out to join SBA lenders from the Western states at the America West Small Business Lenders Conference, June 20-22 in Costa Mesa, California. This year’s conference is jam packed with educational sessions for SBA lenders of all sizes [...]
NADCO Conference Recap Follow Up. The Conference recap I issued in May covered the Amendment to the Interagency Guidance on Appraisals and Evaluations for Financial Institutions, effective April 2, 2018. As a refresher, this amendment raises the threshold for required [...]
NADCO’s Spring Summit is always a special conference. Where else can you meet so many SBA leaders in one place? After all, the Summit is held in Washington, D.C., so they’re in the neighborhood! With great networking with CDC colleagues, [...]
“If we had a hammer …” Time and again we’ve pounded away at this issue in our eBulletins and client discussions: When it comes to protecting your guaranty, Equity Injection is a top reason for denial or repair to the [...]
FROM RICHARD JEFFREY @ JRB … SBA ELIGIBILITY Q&A: WHAT ABOUT BUSINESSES CATERING TO SPECIFIC GENDER AND AGE GROUPS?
I love getting “real world” questions from our clients! I get a chance to research some challenging issues – and importantly to assist in decision making and avoiding possible SBA denials before they happen. And by extension, I can help [...]
PREPARING FOR AN SBA LOAN REVIEW: IT ALL COMES DOWN TO GOOD HOUSEKEEPING! Loan Reviews. Let’s talk. Are you facing a PARRiS Targeted Review? An Annual Review? Or working to stay on top of things to keep your portfolio from [...]
JRB ‘ON THE ROAD AGAIN’ –NAGGL AND NADCO CONFERENCES IN MAY NAGGL’S SBA LENDING TECHNICAL CONFERENCE MAY 1-3 Chicago, Chicago! We’re headed to the 34th SBA Lending Technical Conference in the windy city May 1-3. NAGGL has always been a [...]
SUBMITTING 1502 REPORTS: IT’S ALL ABOUT THE DETAILS! INCORRECT FILING CAN AFFECT YOUR PARRiS SCORE!! As with all SBA processes, accurate 1502 reporting is critical to maintaining your portfolio’s performance and a positive PARRiS score. And as with all processes, [...]
FROM RICHARD JEFFREY @ JRB … ANSWERING CLIENT QUESTIONS ABOUT SBA LOANS: Q&A TAKE 2 Following up on my recent eBulletin where I responded to a client’s question, I like the idea that it was a real-life question from a [...]
CREDIT ELSEWHERE TEST ELIMINATED FOR LESS THAN 20% OWNERSHIP SBA Policy Notice 5000-17057 effective 4/3/2018 for 7(a) and 504 loans, eliminates the Credit Elsewhere Test for those owning less than 20% of a business applicant and provides guidance on other [...]
FROM RICHARD JEFFREY @ JRB … IT’S THE USA’s SBA – THEN WHAT ABOUT LOANS TO BUSINESSES OUTSIDE THE UNITED STATES? Our federal government’s Small Business Administration is unique around the globe – a government entity designed to boost local [...]
JRB eAlert! WE’RE HITTIN’ THE QUALITY CIRCLE CIRCUIT! Georgia Lenders Quality Circle SE/South Eastern Small Business Lenders Conference ∙ 3/7-3/9 Western Pennsylvania Quality Circle Conference ∙ 3/14-3/16 From the hills of Asheville, North Carolina to the snowy slopes of Western [...]
Focusing on Fees. Sections of the newly minted SOP 50 10 5 (J) reinforce the Office of Credit Risk Management’s increased oversight of SBA lender relationships with – and fees paid to –Packagers/Referral Agents/Lender Service Providers. That’s a big signal [...]
Hot issue! As more and more states are making marijuana sales legal, it looks like SBA and the Department of Justice are thinking along the same lines when it comes to retail marijuana businesses. The DOJ has issued new directives [...]
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