JRB eBulletins: Must Reads for SBA & Business Lenders!
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It’s easy to determine when you need to take an assignment of life insurance as collateral for a 504 loan. The SOP is clear: “Life insurance is required for the principals of sole proprietorships, single member LLCs, or for businesses otherwise dependent on one owner’s active participation...” SOP 50 10 [...]
Heads up SBA Lenders: Information Notice 5000-180009 issued July 24, 2018 announces an updated Personal Financial Information Statement Form 413 and the new form’s continued use through March 31, 2021. Updates include: Change to the Certification field requiring certification from the spouse of any 20% or more owner if that [...]
Keeping track of changes in SBA lending programs is one of the more interesting things we do at JRB. It’s one important way we’re much more than back office support for our clients. They expect us to advise them of regulatory and program changes and assess how they’ll affect their [...]
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 from SBA leadership and industry experts. This year's breakout sessions [...]
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