About Nancy Tack

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So far Nancy Tack has created 102 blog entries.

January 2020

FROM RICHARD @ JRB … WHAT’S A BUILDER TO DO? FIRST OFF, DON’T RUN OUT OF PATIENCE!

2020-01-22T20:51:53+00:00

With a nod to Ricky Ricardo, often JRB reader questions need lots of ‘splainin’. Like this one that came in the other day. Hang in there:

 Patience Lender. Richard, SBA is so inconsistent!  Last year SBA approved a loan for one of our customers who is a home builder. Now SBA tells me that home builders are […]

FROM RICHARD @ JRB … WHAT’S A BUILDER TO DO? FIRST OFF, DON’T RUN OUT OF PATIENCE!2020-01-22T20:51:53+00:00

FROM REBECCA @ JRB … ALL IN ALL, A GOOD DECADE. LET’S LOOK FORWARD TO THE NEXT 10 YEARS!

2020-01-15T21:18:00+00:00

Farewell, 2010s. All in all: a pretty good decade. Over the past 10 years, we’ve seen slow but steady economic improvement, along with several developments on the SBA front: a new SBAOne platform, various versions of the SOP 50 10 5 and a new version of SOP 50 57. We also saw several SBA forms retired […]

FROM REBECCA @ JRB … ALL IN ALL, A GOOD DECADE. LET’S LOOK FORWARD TO THE NEXT 10 YEARS!2020-01-15T21:18:00+00:00

FROM RICHARD @ JRB … THOUGHT FOR THE NEW YEAR … ‘IT TAKES TIME TO SAVE TIME!’

2020-01-08T21:28:03+00:00

Ah, all those thoughts for the new year … we resolve to work more efficiently, to save paperwork, and work smarter, not longer. The adages go on and on. Here’s a thought: Sometimes a short cut ends up to be the long way around. I received a question recently from Brian the BDO that pretty well […]

FROM RICHARD @ JRB … THOUGHT FOR THE NEW YEAR … ‘IT TAKES TIME TO SAVE TIME!’2020-01-08T21:28:03+00:00

December 2019

FROM ALL OF US @ JRB … HAPPY NEW YEAR!!

2020-01-08T21:22:41+00:00
Happy New Year!
 
“Write it on you heart that every day is the best day in the year.”
−Ralph Waldo Emerson
 
It’s almost 2020! Lights are shining on Main Street. Let’s rejoice in a great year for SBA lending and move into the New Year with confidence […]
FROM ALL OF US @ JRB … HAPPY NEW YEAR!!2020-01-08T21:22:41+00:00

FROM RICHARD @ JRB … I’M HAUNTED BY THE GHOST OF A PROJECT PAST – IN A GOOD WAY!

2020-01-22T20:43:59+00:00

With apologies to Charles Dickens, the Ghost of Project Past appeared to me recently and helped me solve a very real situation in the present: A client had just turned to me for help in structuring financing for a new customer. I faced this situation many years ago so I was able to provide advice. Here’s […]

FROM RICHARD @ JRB … I’M HAUNTED BY THE GHOST OF A PROJECT PAST – IN A GOOD WAY!2020-01-22T20:43:59+00:00

FROM REBECCA @ JRB … THE ‘EYES’ HAVE IT – OIG’S OVERSIGHT OF HIGH-RISK LENDERS: A HARD LOOK AT SBA’S OCRM

2019-12-11T17:48:12+00:00

We’ve all caught the headlines in our email: OIG’s Audit of SBA’s Oversight of High-Risk Lenders, published last month, sure got our attention. Big news: OIG came down hard on OCRM regarding its oversight of high-risk lenders. I’ll bet many of you thought “Oh well, that’s High-Risk Lenders. That’s not me.” You’re probably right. Yet […]

FROM REBECCA @ JRB … THE ‘EYES’ HAVE IT – OIG’S OVERSIGHT OF HIGH-RISK LENDERS: A HARD LOOK AT SBA’S OCRM2019-12-11T17:48:12+00:00

FROM RICHARD @ JRB … GEARING UP TO REFINANCE EQUIPMENT LOANS IN AN EXPANSION: IT’S NO EASY FIX!

2019-12-04T18:49:04+00:00

Q: Richard: Quick question. Our customer wants a 504 loan to buy a new building. When I looked at the long-term debt schedule, I saw a bunch of equipment loans with variable interest rates and balloons. I’d love to refinance those so the borrower can save some cash – and of course so we can make […]

FROM RICHARD @ JRB … GEARING UP TO REFINANCE EQUIPMENT LOANS IN AN EXPANSION: IT’S NO EASY FIX!2019-12-04T18:49:04+00:00

November 2019

HAPPY THANKSGIVING! FROM ALL OF US @ JRB!!

2019-12-04T18:44:26+00:00

On Thanksgiving Day …

 “Be present in all things, and thankful for all things”

Maya Angelou

Thanksgiving is almost here. You know Thanksgiving. It’s in that parade of holidays on the heels of Halloween. Yet Thanksgiving is special. We gather. We feast. We celebrate. On Thanksgiving we give thanks for our good fortune, reflect on our past […]

HAPPY THANKSGIVING! FROM ALL OF US @ JRB!!2019-12-04T18:44:26+00:00

FROM RICHARD @ JRB … HOLIDAYS ARE ON THE WAY – SAME FOR YEAREND RISK RATINGS! BAH HUMBUG!!

2020-01-08T21:23:16+00:00

It’s Thanksgiving time. Almost, anyhow. Yep. Soon folks will decorate their offices for the holiday season. Then on with the office parties and other holiday events for you and your staff. Your break room will fill up with all sorts of homemade goodies. And your family and friends will visit for the holidays.

Everybody will make merry […]

FROM RICHARD @ JRB … HOLIDAYS ARE ON THE WAY – SAME FOR YEAREND RISK RATINGS! BAH HUMBUG!!2020-01-08T21:23:16+00:00

FROM REBECCA @ JRB … NAGGL CONFERENCE UDATE: OUR TAKE

2019-12-19T19:48:36+00:00

NAGGL in the Big Easy: Time well spent October 28-30. As always NAGGL was information-packed but the most common thread was “COMING SOON.” Here’s an SOP update: SOP 50 10 6 is in the review and approval stages with anticipated release in early March 2020.  The new 50 57 3 for Servicing & Liquidation is also […]

FROM REBECCA @ JRB … NAGGL CONFERENCE UDATE: OUR TAKE2019-12-19T19:48:36+00:00