About Nancy Tack

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So far Nancy Tack has created 96 blog entries.

October 2019

FROM REBECCA @ JRB … SQUIRRELS: THE SEQUEL – DON’T LET SURPRISES TRIP YOU UP!

2019-11-25T15:27:19+00:00

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 […]

FROM REBECCA @ JRB … SQUIRRELS: THE SEQUEL – DON’T LET SURPRISES TRIP YOU UP!2019-11-25T15:27:19+00:00

September 2019

FROM LORI @ JRB … PROCEDURES, PROCEDURES: CHECK ’EM ONCE, CHECK ’EM TWICE – AVOID ‘SQUIRRELS’ THAT HOLD YOU UP

2019-11-25T15:27:35+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” […]

FROM LORI @ JRB … PROCEDURES, PROCEDURES: CHECK ’EM ONCE, CHECK ’EM TWICE – AVOID ‘SQUIRRELS’ THAT HOLD YOU UP2019-11-25T15:27:35+00:00

FROM RICHARD @ JRB … WHAT’S WITH CHANGE OF OWNERSHIP? DIGGIN’ DEEP INTO THE SOP: LET’S TALK!

2019-09-13T19:47:31+00:00

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 […]

FROM RICHARD @ JRB … WHAT’S WITH CHANGE OF OWNERSHIP? DIGGIN’ DEEP INTO THE SOP: LET’S TALK!2019-09-13T19:47:31+00:00

FROM REBECCA @ JRB … PLANNING FOR GROWTH: TOP 5 KEYS TO SBA LENDING SUCCESS

2019-09-05T16:11:41+00:00

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 […]

FROM REBECCA @ JRB … PLANNING FOR GROWTH: TOP 5 KEYS TO SBA LENDING SUCCESS2019-09-05T16:11:41+00:00

August 2019

FROM RICHARD @ JRB … SOP REGS: WORTH IT TO CHECK ’EM ONCE, CHECK ’EM TWICE? YOU BET!

2019-09-19T17:14:35+00:00

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 RICHARD @ JRB … SOP REGS: WORTH IT TO CHECK ’EM ONCE, CHECK ’EM TWICE? YOU BET!2019-09-19T17:14:35+00:00

FROM REBECCA @ JRB … ELIGIBILITY: PROTECTING YOUR GUARANTY – KEY TO WINNING THE RACE … FROM THE GET-GO TO THE VICTORY TAPE

2019-08-21T18:09:28+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 […]

FROM REBECCA @ JRB … ELIGIBILITY: PROTECTING YOUR GUARANTY – KEY TO WINNING THE RACE … FROM THE GET-GO TO THE VICTORY TAPE2019-08-21T18:09:28+00:00

SPECIAL JRB INVITATION! SBA 504 LOAN CLOSING TRAINING WITH JAN GARLITZ

2019-09-20T15:39:13+00:00

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

Click here to learn more and register

Successful completion of this course […]

SPECIAL JRB INVITATION! SBA 504 LOAN CLOSING TRAINING WITH JAN GARLITZ2019-09-20T15:39:13+00:00

FROM RICHARD @ JRB … LESSONS LEARNED FROM AN ‘OLD MASTER’ – DON’T WAIT FOR THE APPRAISAL: DO THE LEG WORK!

2019-11-25T15:28:11+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 […]
FROM RICHARD @ JRB … LESSONS LEARNED FROM AN ‘OLD MASTER’ – DON’T WAIT FOR THE APPRAISAL: DO THE LEG WORK!2019-11-25T15:28:11+00:00

JRB eALERT! AMERICA EAST CONFERENCE 2019: A BEST BET FOR SBA LENDERS

2019-08-19T20:32:57+00:00

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 […]

JRB eALERT! AMERICA EAST CONFERENCE 2019: A BEST BET FOR SBA LENDERS2019-08-19T20:32:57+00:00

FROM RICHARD @ JRB … A TALE OF TWO BUSINESSES: UNTANGLING A TANGLED WEB

2019-11-25T15:28:29+00:00

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 […]

FROM RICHARD @ JRB … A TALE OF TWO BUSINESSES: UNTANGLING A TANGLED WEB2019-11-25T15:28:29+00:00