From Lisa @ JRB ... Important Reminder: Effective June 1 2021, with a drop-dead deadline of June 28, 2021, SBA requires use of the updated Form G-845 for all status verification requests. Please make sure to begin using the updated USCIS Form G-845 immediately.
From Alex @ JRB ... See you in the Big Easy! JRB is heading for for NAGGL's Annual Conference Nov. 6-8 ... 7(a) lenders: If you're attending NAGGL, stop by our booth. We look forward to meeting you and discussing your SBA program. Got questions about our services? Contact JRB.
Joining the rush to refi 7(a) loans to 504? Get the big picture from JRB's "issues guy" and 504 expert Senior Associate Richard Jeffrey
Labor Service Areas: What's all the buzz about? JRB Senior Associate Richard Jeffrey tells you. Want the latest LSA List? Just ask him!
On October 6, 2023 SBA published a Notification in the Federal Register introducing the new ALP Express Pilot Program, effective October 1, 2023.
The “new” ALP Express picks up from the authority previously authorized under the Economic Aid Act which expired on September 30, 2023. Pretty much the same, with a few notable changes […]
SBA’s CA Pilot Program September 30, 2023 termination date has been extended to October 31, 2023. After that date, CA Lenders must be converted to Community. (88 FR 69003)
FY 2024 LSA List: Come and Get It! Hot off the presses ... JRB Senior Associate Richard Jeffrey answers lender LSA questions -- and will send you a copy of the List. Just email him. He's standing by.
They’re here! SBA Information Notice 5000-849342 announces the FY 2024 Annual Service Fee (the Ongoing Guaranty Fee) and the Upfront Guaranty Fee for 504 loans approved October 1, 2023-September 30, 2024. Good news: The Annual Service Fees for regular loans and for Debt Refinance without Expansion Loans have decreased from FY 2023.
As we wait for the long awaited technical updates to SOP 50 10 7, we’ve been relying on the 5/10/2023 version. And we’ve been making do, taking the still applicable parts of SOP 50 10 6, supplementing them with SBA policy notices, and checking with our new friend Mr. Do-What-You-Do. While the industry is mostly aware […]
Each year the U.S. Department of Labor issues its list of Labor Surplus Areas (LSA’s). These are states, counties or municipalities with a two-year unemployment rate higher than an annually established threshold. The determination is effective October 1 of each year. If an area is on the list, it’s an LSA. If not, it’s not. The […]
