About Nancy Tack

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So far Nancy Tack has created 67 blog entries.

May 2019

FROM LORI MCCAUSLAND @ JRB … RED FLAGS FOR A TROUBLED BIZ: SERVICING, LIQUIDATION OR LIFELINE?

2019-05-16T16:27:44+00:00

Here you are, handling high-volume originations, applications, packaging and processing. And lo, several existing loans are showing signs of stress. Do you take a deep dive into servicing and liquidation, possibly letting the loan sink along with the guaranty? Or do you throw a lifeline, see what actions could save the guaranty and keep your borrower […]

FROM LORI MCCAUSLAND @ JRB … RED FLAGS FOR A TROUBLED BIZ: SERVICING, LIQUIDATION OR LIFELINE?2019-05-16T16:27:44+00:00

FROM RICHARD JEFFREY @ JRB … NADCO’S SPRING SUMMIT IN D.C. MAY 19-22 — EXTRA SPECIAL THIS YEAR!

2019-05-08T21:22:11+00:00

NADCO’s Spring Summit is always special. Where else can you meet so many SBA leaders, legislators and regulators in one place? After all, the Summit meets in Washington, D.C., so these folks are in the neighborhood! With great networking with CDC colleagues, getting the latest updates from SBA brass, and opportunities to educate members of Congress […]

FROM RICHARD JEFFREY @ JRB … NADCO’S SPRING SUMMIT IN D.C. MAY 19-22 — EXTRA SPECIAL THIS YEAR!2019-05-08T21:22:11+00:00

WE’RE OFF TO ORLANDO! NAGGL’S SBA LENDING TECHNICAL CONFERENCE MAY 7-9

2019-05-13T15:36:20+00:00

We’re headed to the 35th SBA Lending Technical Conference in Orlando May 7-9. NAGGL has always been a key gathering place for lenders, lender service providers, legislators and congressional staff, and SBA leadership. We ought to know. At JRB, we’re celebrating 25 years of serving the SBA lending community. And we’re a […]

WE’RE OFF TO ORLANDO! NAGGL’S SBA LENDING TECHNICAL CONFERENCE MAY 7-92019-05-13T15:36:20+00:00

April 2019

FROM RICHARD JEFFREY @ JRB … SBA’S BEST KEPT SECRET: SMALL MANUFACTURING 504 LOANS! WHO KNEW??

2019-04-25T21:58:10+00:00

Sometimes I get a question that awakens a sleeping giant – a great SBA loan program few lenders know about. That’s the case here. Read on!

Q: Hi Richard. Our local economic development group has asked our CDC to help them structure a financing proposal for a manufacturing firm that is considering putting a new plant in […]

FROM RICHARD JEFFREY @ JRB … SBA’S BEST KEPT SECRET: SMALL MANUFACTURING 504 LOANS! WHO KNEW??2019-04-25T21:58:10+00:00

FROM REBECCA MENDOZA @ JRB … SOP 50 10 5 (K) ROUND 2!

2019-04-17T19:02:34+00:00

Well it’s here. SBA’s SOP 50 10 5 (K) is effective as of April 1, 2019. It’s loaded with changes, updates and clarifications. Many provisions are new and many are reinforcements of changes already incorporated into SOP 50 10 5 (J).  We’ve scoured the new SOP for provisions we believe are most important for you […]

FROM REBECCA MENDOZA @ JRB … SOP 50 10 5 (K) ROUND 2!2019-04-17T19:02:34+00:00

FROM RICHARD JEFFREY @ JRB … CLEARING THINGS UP! CHANGES TO SBA’S APPRAISAL REQUIREMENTS

2019-05-02T15:00:38+00:00

Well, I said things aren’t simple! Last week’s eBulletin addressing changes to SBA’s appraisal requirements for 7(a) and 504 loans triggered a question from a savvy reader. I appreciate the feedback. SBA’s Policy Notice 5000-19007 distinguishes appraisal requirements for 7(a) and 504 loans. I confess that at first, I didn’t notice the distinction. As an ancient […]

FROM RICHARD JEFFREY @ JRB … CLEARING THINGS UP! CHANGES TO SBA’S APPRAISAL REQUIREMENTS2019-05-02T15:00:38+00:00

FROM RICHARD JEFFREY @ JRB … CHANGES TO SBA’S APPRAISAL REQUIREMENTS. YOU THOUGHT IT WAS SO SIMPLE!

2019-05-02T15:00:24+00:00

Ever since federal regulators changed the real estate appraisal threshold from an estimated value of $250,000 to $500,000, SBA lenders have had to explain that although the financial institution may not require an appraisal on a certain project, SBA did  SBA’s Policy Notice 5000-19007  issued March 26, 2019 is effective immediately and eliminates that issue […]

FROM RICHARD JEFFREY @ JRB … CHANGES TO SBA’S APPRAISAL REQUIREMENTS. YOU THOUGHT IT WAS SO SIMPLE!2019-05-02T15:00:24+00:00

March 2019

FROM RICHARD JEFFREY @ JRB … ‘GREEN 504’ SPROUTS NEW LOANS – AND ANOTHER QUESTION!

2019-05-02T15:00:58+00:00

Wow. When I started talking about Green 504 loans, I had no idea how fast lender interest would grow. Green 504s are a great growth opportunity. Yet, rules governing Green 504s are somewhat tightened under the new SOP 50 10 5 (K), which has spawned some lender confusion. Before we move on to other topics, […]

FROM RICHARD JEFFREY @ JRB … ‘GREEN 504’ SPROUTS NEW LOANS – AND ANOTHER QUESTION!2019-05-02T15:00:58+00:00