Try as we might, we can never sit and dedicate eight hours to just one puzzling loan. At 8 a.m. we tell ourselves, “Today I’ll get the ABC Company loan repurchase package fully put together and submitted.” Yet by 8:30 a.m. we’re fielding our second loan modification call, swigging our second cup of coffee and praying […]
About Nancy TackThis author has not yet filled in any details.
So far Nancy Tack has created 96 blog entries.
FROM LORI @ JRB … PROCEDURES, PROCEDURES: CHECK ’EM ONCE, CHECK ’EM TWICE – AVOID ‘SQUIRRELS’ THAT HOLD YOU UPNancy Tack2019-11-25T15:27:35+00:00
We’ve said it more than twice: It’s important to have effective procedures from the get-go, from loan origination through closing. It’s equally important to have accurate documentation and to perform relevant searches early on. Too often we’ve seen lenders conduct searches and collect documents late in the process, only to run into what we call, “SQUIRRELS” […]
Every now and then Julie calls me. She’s a long-time veteran of the SBA world, so usually we just swap war stories. But the other day she asked me a question. I’ll bet you’ve had to answer this one from time-to-time.
JULIE. Richard, one of our borrowers wants to bring in a new partner who will own […]
About now, your institution is in strategic budget planning sessions for the next fiscal year. You’re taking a look at your lending portfolio as part of the process and making important decisions: Expand your portfolio? Offer new products? Hire additional staff?
What’s your plan? Growth is important to stay competitive, but planned growth is the key to […]
I’ve been in this business awhile. OK a long while. So I tend to think I know all the regs by heart. It doesn’t happen often, but I admit it: Sometimes a question causes me to check the regs just to make sure nothing has changed. It happened the other day when Jeremy sent me an […]
FROM REBECCA @ JRB … ELIGIBILITY: PROTECTING YOUR GUARANTY – KEY TO WINNING THE RACE … FROM THE GET-GO TO THE VICTORY TAPENancy Tack2019-08-21T18:09:28+00:00
Sometimes I think taking an SBA loan from origination to funding is like running in a track meet. Lots of hurdles and stumbling blocks along the way to crossing the finish line — and taking a victory lap, holding our guaranty high. As in a race, successful SBA lending begins with a fast start: determining eligibility […]
JRB is Hosting 504 Loan Closing Training!
Learn from the Best: SBA 504 Expert Jan Garlitz will conduct all-inclusive 3-Day in-person Loan Closing Training Sept. 23-25, 2019. You’ll be fully equipped to close SBA 504 loans!
We’re excited to host this event!
We look forward to seeing you,
Your JRB Team
Successful completion of this course […]
FROM RICHARD @ JRB … LESSONS LEARNED FROM AN ‘OLD MASTER’ – DON’T WAIT FOR THE APPRAISAL: DO THE LEG WORK!Nancy Tack2019-11-25T15:28:11+00:00
I learned commercial lending from an experienced lender whose gray hair matched his suit. I was sure he was lending before the crash of ’29. You get the picture. Man of the old school. I loved his stories about the “old days.” But I sometimes got annoyed by his pesky questions:
- “Is the land zoned properly […]
AMERICA EAST CONFERENCE 2019
August 14-16 ∙ Foxwood Resort & Casino ∙ Mashantucket, Conn.
Looking for a sure thing? We’re meeting up with SBA lenders from all over the Eastern Seaboard at the America East Small Business Lenders Conference August 14-16. As always. America East is a great opportunity for networking and getting the latest updates from […]
Wow. I really started something when I began answering your questions. And I love it! This one just came in. A lender is trying to weave his way through a tangled web where two affiliated businesses looking to join forces under one roof face obstacles in the way. I’ll let him tell it:
Q: Richard, I have […]