JRB eBulletins: Must Reads for SBA & Business Lenders!
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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 all boils down to the primary source of revenue. This [...]
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 and at all levels. And importantly, there’s a focus on [...]
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 appraisals from $250,000 to $500,000 and could affect how SBA [...]
GOT A POSSIBLE ISSUE? THINK IT THROUGH! Credit Elsewhere. Is there an SBA issue debated more? All the talk – and the ensuing scrutiny – by Purchase Centers, OCRM, OIG and Congress resulted in changes detailed in SBA Policy Notice 5000-17057, effective April 3, 2018 for 7(a) and 504 loans. [...]
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