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Business Lending Community ‘Must Reads’

We provide an ongoing stream of articles on issues concerning the business lending community.

FROM PAUL @ JRB … POST-CLOSING LOAN REVIEWS: TAKING TIME TO DO THEM RIGHT!

April 7th, 2021|

Is slower ever better You bet! When it comes to post-closing loan reviews, pick your mantra: "Slow and steady wins the race," Measure twice, cut once," and especially "Don't close the barn door after the horse is gone." JRB Associate Paul Baker walks you through it. The process, that is!

FROM LISA @ JRB … EQUITY INJECTION: FUNDAMENTAL TO SBA LENDING – PROTECT YOUR GUARANTY!

March 24th, 2021|

They say, “The only thing constant is change” PPP, Flood of SBA Notices. Revisions. Program Changes. New Guidance. Yet some things haven’t changed: the fundamentals of our business. Key Fundamental: Equity Injection. JRB Senior Consultant Lisa Lerner takes you through it. Equity Injection. The rules haven’t changed. Yes, until the end of SBA’s fiscal year, 9/31/21, there are no guaranty or servicing fees.  Yet we must remember that Equity Injection rules are the same. Did you know … In some cases, equity injection is a reason for denial or repair to the guaranty of an SBA loan – and that issue is magnified with SBA if a loan defaults within the first 18 months?

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