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So far Nancy Tack has created 113 blog entries.

April 2020

FROM REBECCA @ JRB … THE CARES ACT PPP: WHAT WE KNOW, WHAT’S YET TO KNOW

2020-04-08T18:36:58+00:00

There’s so much going on in our personal and professional lives. Words are added to our everyday vocabulary: coronavirus, social distancing, personal protective equipment. Not to mention the challenges of adjusting to working from home with our families around us – and importantly – safe-guarding ourselves and our families as we go about our daily lives.

All […]

FROM REBECCA @ JRB … THE CARES ACT PPP: WHAT WE KNOW, WHAT’S YET TO KNOW2020-04-08T18:36:58+00:00

FROM RICHARD @ JRB … RETRO REGS: WHEN OLD IS NEW AGAIN

2020-04-03T20:03:18+00:00

In this environment, things are moving fast. So it should be no surprise that our communications noting changes to SBA regulations don’t last longer than the time between JRB eBulletins. So it is with the Personal Liquid Resource Test.

When I said I was having a sense of déjà vu just a few short weeks ago, I […]

FROM RICHARD @ JRB … RETRO REGS: WHEN OLD IS NEW AGAIN2020-04-03T20:03:18+00:00

March 2020

FROM REBECCA @ JRB … CALM IN THE FACE OF THE STORM

2020-03-25T18:01:41+00:00

The Age of Coronavirus is upon us. Our concerns for health and well-being are universal. Now more than ever, our communities need calm in the face of the storm. For America’s small businesses, it’s critical that lenders be diligent. This is your opportunity to provide the services so badly needed by our small businesses. Judging by […]

FROM REBECCA @ JRB … CALM IN THE FACE OF THE STORM2020-03-25T18:01:41+00:00

FROM RICHARD @ JRB … DÉJÀ VU ALL OVER AGAIN. AGAIN? AFFILIATION RULES REVISITED

2020-03-19T22:50:25+00:00

Another look at SBA Notice 5000-20003. Like most SBA lenders, you’ve probably been focused on the Return of the Personal Resource Test. It’s big news. Yet there’s more to SBA Notice 5000-20003.

Bet you noticed that the Affiliation Rules in the Notice looked awfully familiar. You’re right. Some of the affiliation rules removed in 2016 are back […]

FROM RICHARD @ JRB … DÉJÀ VU ALL OVER AGAIN. AGAIN? AFFILIATION RULES REVISITED2020-03-19T22:50:25+00:00

JRB NEWSFLASH! CONFERENCE UPDATES: SOUTHEASTERN SMALL BIZ LENDERS/ASHEVILLE, NADCO SPRING SUMMIT, DC

2020-03-17T18:03:04+00:00

Southeastern Small Business Lenders Conference, Asheville, NC. Conference attendees were notified by email by the conference organizers on Thursday, March 12, that, “As the landscape has changed significantly in the last two days and in an effort to protect the safety and well-being of our attendees, we have made the difficult decision to POSTPONE next week’s […]

JRB NEWSFLASH! CONFERENCE UPDATES: SOUTHEASTERN SMALL BIZ LENDERS/ASHEVILLE, NADCO SPRING SUMMIT, DC2020-03-17T18:03:04+00:00

FROM RICHARD @ JRB … THE PERSONAL RESOURCES TEST: DÉJÀ VU ALL OVER AGAIN?

2020-03-06T16:34:17+00:00

Here I go. Looking to an ancient sage for answers. Heraclitus, the Greek philosopher, is credited with saying “No man ever steps in the same river twice, for it’s not the same river and he’s not the same man.” In plain English: The world constantly changes and no two situations are exactly the same. Obviously Heraclitus […]

FROM RICHARD @ JRB … THE PERSONAL RESOURCES TEST: DÉJÀ VU ALL OVER AGAIN?2020-03-06T16:34:17+00:00

February 2020

FROM REBECCA @ JRB … LIQUIDATIONS KEEPING YOU OFF BALANCE?

2020-02-26T21:35:09+00:00

It’s a given: Liquidating SBA loans is stressful for any lender. It’s time consuming too. If you’re a small institution with a small department, liquidations can be overwhelming. We’ve all been there. With a one- to- two-man SBA shop without an internal Special Assets department, your department is left to originate, service and then liquidate. It’s […]

FROM REBECCA @ JRB … LIQUIDATIONS KEEPING YOU OFF BALANCE?2020-02-26T21:35:09+00:00

FROM RICHARD @ JRB … CHECK OUT SBA’S TAX TRANSCRIPT REQUIREMENTS

2020-04-03T20:00:02+00:00

President’s Day Weekend. How did you spend it? Time was, I did my taxes. Then I realized this was the last long weekend before Memorial Day – and before Tax Season officially kicked off. So I decided there were more fun things to do over the holiday. Now I postpone the dreaded drudgery until absolutely necessary.

 Yet […]

FROM RICHARD @ JRB … CHECK OUT SBA’S TAX TRANSCRIPT REQUIREMENTS2020-04-03T20:00:02+00:00

FROM REBECCA @ JRB … ROOM AT THE INN? THE SCOOP ON HOTEL/MOTEL PURCHASES

2020-04-03T20:00:15+00:00

This issue has come up during recent client loan reviews. So it’s worth addressing here. We often see hotel/motel acquisitions treated as commercial real estate purchase transactions. Yet SBA considers them business acquisitions with real estate and business personal property as collateral when lenders are considering financing the purchases with SBA 7(a) loans.

No Room for Error. […]

FROM REBECCA @ JRB … ROOM AT THE INN? THE SCOOP ON HOTEL/MOTEL PURCHASES2020-04-03T20:00:15+00:00

FROM RICHARD @JRB … STRUCTURING PARTNER BUYOUT IN TWO EASY LESSONS

2020-02-05T20:13:56+00:00

One of my great joys is following the careers of industry professionals who have taken my training courses. We keep in touch now and then. I heard from Larry the other day. He took one of my training courses years ago and is now an exec of one of the larger CDCs. Once in a while […]

FROM RICHARD @JRB … STRUCTURING PARTNER BUYOUT IN TWO EASY LESSONS2020-02-05T20:13:56+00:00