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 […]
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So far Nancy Tack has created 67 blog entries.
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 […]
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 […]
SBA’s Small Business Week officially kicks off in Washington D.C. with award ceremonies on May 5 followed by weeklong online and local events across the country. Now’s the time to reach out to local small businesses!
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 […]
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 […]
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 […]
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 […]
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, […]