About Nancy Tack

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So far Nancy Tack has created 53 blog entries.

February 2019

DREAM LOAN? NOT SO FAST. WHAT ABOUT NEGATIVE AFFILIATE CONTROL?

2019-02-13T23:08:54+00:00

The situation. Maria applied for an SBA loan to purchase a building for her business in Kansas. She had leased the building for several years and decided it was time to buy the building and build some real equity in her business.  The estimated monthly debt service was less than Maria’s rent, the business had been […]

DREAM LOAN? NOT SO FAST. WHAT ABOUT NEGATIVE AFFILIATE CONTROL?2019-02-13T23:08:54+00:00

FROM LORI McCAUSLAND @ JRB … LACE UP YOUR TRACK SHOES! TIME TO CROSS-TRAIN EMPLOYEES!!

2019-02-07T17:00:40+00:00

Power up! Cross-training benefits everybody. I’m a true believer in cross-training. In my 25 years managing SBA lending teams and now as a JRB consultant, I’ve seen the benefits of cross-training to individual employees, lending departments, and entire organizations.

Like athletics, cross-training is learning more than one skill set to increase total fitness. Many organizations work in […]

FROM LORI McCAUSLAND @ JRB … LACE UP YOUR TRACK SHOES! TIME TO CROSS-TRAIN EMPLOYEES!!2019-02-07T17:00:40+00:00

January 2019

FROM RICHARD JEFFREY @ JRB … ON AUTOMATIC PILOT? TAX TIME COULD BE YOUR CDC’S MARKETING TIME

2019-01-30T20:33:26+00:00

On Automatic Pilot Come Tax Time? After months of notifying your borrowers that it’s  time to provide their statements or tax returns for the prior year, statements for the year ending the prior December start arriving in your office in late October or November. With a sigh of relief you mark them in your tickler as […]

FROM RICHARD JEFFREY @ JRB … ON AUTOMATIC PILOT? TAX TIME COULD BE YOUR CDC’S MARKETING TIME2019-01-30T20:33:26+00:00

JRB’S SILVER CELEBRATION! 25 YEARS OF SERVICE TO THE BUSINESS LENDING COMMUNITY!!

2019-01-24T20:54:27+00:00

“Give a man a fish and you feed him for a day.

Teach him how to fish and you feed him for a lifetime.”

We’re celebrating a significant milestone at JRB: 25 years of continued service to America’s business lending community. JRB was founded in 1994 by business lending […]

JRB’S SILVER CELEBRATION! 25 YEARS OF SERVICE TO THE BUSINESS LENDING COMMUNITY!!2019-01-24T20:54:27+00:00

FROM RICHARD JEFFREY @ JRB … DEALING WITH THE ELEPHANT IN THE ROOM: THE SHUTDOWN

2019-01-30T20:21:43+00:00

Elephant in the Room: The thing nobody wants to talk about. So let’s talk about it. A huge elephant, taking up wall-to-wall space and sucking up all the air, The U.S. government shutdown.  At JRB, our emails are flooded with questions. Everybody wants to know how long this will last. Nobody knows.* We haven’t got inside knowledge. Like […]

FROM RICHARD JEFFREY @ JRB … DEALING WITH THE ELEPHANT IN THE ROOM: THE SHUTDOWN2019-01-30T20:21:43+00:00

NEW YEAR. GREAT PLANS … OR SO WE SAY!

2019-02-07T16:53:50+00:00

New Year, Great Plans! I don’t know if you’re like me. I start off each year with great plans and resolutions and by the end January I’m holding tight to one or two because I’ve already broken the rest.

Setting goals is easy. The trick is achieving them. So how does […]

NEW YEAR. GREAT PLANS … OR SO WE SAY!2019-02-07T16:53:50+00:00

FROM RICHARD JEFFREY @ JRB … QUESTION OF THE DAY: CAN SBA FUNDS PAY OFF A SHAREHOLDER LOAN?

2019-01-03T21:52:33+00:00

I got this question just this morning. It’s a knotty one! Let’s untangle the issues and see what kind of solution we can reach. 

Q: Hi, Richard. Here’s my question of the day. I got a call from a prospect who wants to refinance $7 million of debthe incurred when he […]

FROM RICHARD JEFFREY @ JRB … QUESTION OF THE DAY: CAN SBA FUNDS PAY OFF A SHAREHOLDER LOAN?2019-01-03T21:52:33+00:00

December 2018

LIQUIDATIONS: RESOLVE TO KEEP THINGS IN ORDER … YEAREND TIPS FROM REBECCA

2019-01-09T19:13:24+00:00

No doubt about it. Liquidations can be stressful. Each is its own “elf on the shelf” so to speak and takes time and concentration to navigate. This isn’t easy while you’re generating new loans and servicing existing ones.

Often we see our lender clients do the right thing, but in […]

LIQUIDATIONS: RESOLVE TO KEEP THINGS IN ORDER … YEAREND TIPS FROM REBECCA2019-01-09T19:13:24+00:00

FROM RICHARD JEFFREY @ JRB … CONSTRUCTION LOAN INTEREST AN ELIGIBLE PROJECT COST? ELEMENTARY, DEAR LENDERS? WELL, IT DEPENDS.

2019-01-09T18:59:24+00:00

I always enjoy getting questions from CDC lenders. They give me a chance to see case study examples of what’s going on day-to-day. Sometimes their situations take twists and turns. Then, like Sherlock Holmes, I dig deeper. Let’s call this “The Case of Construction Loan Interest.”

An experienced 504 lender recently sent me […]

FROM RICHARD JEFFREY @ JRB … CONSTRUCTION LOAN INTEREST AN ELIGIBLE PROJECT COST? ELEMENTARY, DEAR LENDERS? WELL, IT DEPENDS.2019-01-09T18:59:24+00:00

GOING ‘GREEN 504’ COULD SEAL THE DEAL. HERE’S HOW!

2019-01-17T17:31:50+00:00

At JRB we deal with all sorts of SBA lenders including CDCs, so we frequently get calls from 7(a) lenders looking to structure a 504 loan. This situation came in recently:

Q: Richard, I have a loan request from an assisted living center. They’re building two new facilities for $20 million in total costs. The borrower has […]

GOING ‘GREEN 504’ COULD SEAL THE DEAL. HERE’S HOW!2019-01-17T17:31:50+00:00