eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
FROM RICHARD JEFFREY @ JRB … WELCOME THE NEW 504 REFI RULE: SIGNIFICANT CHANGES OFFER MORE REFI OPPORTUNITIES, TRIGGER REVISIONS TO SOP 50 10 6
I’m loaded with information: SBA’s long awaited Final Rule for 504 Debt Refinancing is here. The new rule was posted on the Federal Register on July 29 and is effective immediately. It contains significant changes [...]
FROM PAUL @ JRB … SBA FORM 413: PERSONAL FINANCIAL STATEMENT ─ NEW AND IMPROVED! ONE SIZE FITS ALL
Simple. We like simple. We like all-inclusive when it comes to vacation packages, we like bundles when it comes to insurance policies, and we like one price covering “all you can eat” at a brunch [...]
FROM RICHARD @ JRB … GOOD NEWS: YOU’RE BUSY. WE ARE TOO. SO WE’VE EXPANDED OUR UNDERWRITING TEAM
FROM RICHARD @ JRB ... Good News: You're busy. We are Too. You’re keeping us so busy that we’ve added more underwriters and another processer to our team, with maybe more on the way.
FROM PAUL @ JRB … INSURANCE: WHEN IS ENOUGH, ENOUGH? WHEN IT’S ‘APPROPRIATE,’ SUPPORTED AND DOCUMENTED
Insurance: When is enough, enough? Key: Make sure that "all appropriate requirements" are met! JRB Associate Paul Baker takes you through your paces.
FROM RICHARD @ JRB … GOT TURNAROUND ANGST? YOU’RE NOT ALONE. SOME SOLUTIONS.
Got turnaround angst? You're not alone. JRB's Richard Jeffrey answers an apparently easy question that has a complex answer.
FROM RICHARD JEFFREY @ JRB … TODAY’S HOT TOPIC: GLOBAL CASH FLOW. WHAT IT IS. WHAT IT’S NOT
Global Cash Flow: What it is. And not. JRB Senior Associate Richard Jeffrey shows you when and how to use it -- and when not.
FROM LISA @ JRB … TABS, YOU’RE IT! SBA’S 10 MUST-DO GUARANTY PURCHASE PACKAGE … NO PLACE TO HIDE!!
You’ve jumped the hurdles and followed all SBA requirements to liquidate a loan. One more hurdle to clear. Actually 10: the mandatory Guaranty Purchase process aka. The 10 Tab Package, Often daunting, but necessary. No place to hide. JRB Senior Associate Lisa Lerner takes you through the process.
FROM RICHARD @ JRB … FIGURING FIRST PASS APPROVAL RATES – AND A JOURNEY THROUGH ACRONYM SOUP
JRB Senior Associate Richard Jeffrey takes you on a journey through acronym soup ... all to calculate first pass approvals!
FROM PAUL @ JRB … LIQUIDATION PLANS: USEFUL TOOLS ─ OR TIME WASTERS? GET THE POINT!
From Paul @ JRB ... Liquidation Plans: Useful Tools or Time Wasters? JRB Associate Paul Baker and a certain British spy make plans. Strategic Plans.
FROM RICHARD @ JRB … IN SPRING, OUR THOUGHTS LIGHTLY TURN TO – NADCO’S SPRING SUMMIT!
Spring has sprung! And so have discussions springing from NACSO's Spring Summit. JRB Senior Associate Richard Jeffrey gives you an overview.
FROM LISA @ JRB … FACING AN SBA LOAN REVIEW? FILES A LITTLE DUSTY? BEST TO KEEP YOUR HOUSE IN ORDER!
From Lisa @ JRB ... It all boils down to good housekeeping. It's time to dust off your files and keep your portfolio in order so it doesn't get ahead of you at year end.
FROM RICHARD @ JRB … NADCO’S SPRING SUMMIT LIVE STREAMS MAY 18 & 19 –- SEE YOU IN CYBERSPACE!!
J.R. Bruno 's Alex Liberchuk, Richard Jeffrey and Sandy Mortan are packing their virtual suitcases for NADCO's live streamed Spring Summit. See you in cyberspace May 18 & 19!
FROM PAUL @ JRB … COLLECTING ON AN SBA LOAN? TO LITIGATE OR NOT TO LITIGATE? THAT, AND OTHER QUESTIONS!
Collecting on an SBA loan? To litigate or not to litigate? That, and other questions! JRB Associate Paul Baker gives you some answers.
FROM RICHARD @ JRB … SCREENING OUT SCREEN OUTS – DON’T LET PESKY ISSUES SLAM INTO SBA’S SCREEN DOOR!
Screen out screen outs! Pesky issues can slam into SBA"s screen door and come back to sting you. Swat 'em. Net 'em. Zap 'em. Do what it takes so your SBA loans sail through wide open doors from application to funding. JRB's Richard Jeffrey clues you in.
FROM LISA @ JRB … VIRTUAL REALITY @ NAGGL: BIG CHANGES, STREAMLINED PROCESSES … WHERE WE GO FROM HERE
From Lisa @ JRB ... Virtual Reality @ NAGGL! What's new" What's Changing" Where do we go from here? Right from cyberspace, JRB Senior Associate Lisa Lerner gives you an inside track on the economy, happenings on the Hill, and what SBA has in store.
FROM RICHARD @ JRB … IS HE HIS BROTHER-IN-LAW’S INN KEEPER? FOR SBA LOANS, IT’S ALL RELATIVE!
From Richard @ JRB ... Is he his brother-in-law's inn keeper? For SBA loans, it's all relative! ! JRB Senior Associate Richard Jeffrey plows into "Affiliation by Identity of Interest."
FROM PAUL @ JRB … POST-CLOSING LOAN REVIEWS: TAKING TIME TO DO THEM RIGHT!
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 RICHARD @ JRB … WHAT’S 504 ELIGIBLE, OFFICE BUILDING OR CHICKEN COOP? ‘THINGS ARE SELDOM WHAT THEY SEEM!’ I
What's 504 eligible? Office building? Chicken coop? Are things really seldom what they seem? JRB Senior Associate Richard Jeffrey gives you a great read -- and some learning, too.
FROM LISA @ JRB … EQUITY INJECTION: FUNDAMENTAL TO SBA LENDING – PROTECT YOUR GUARANTY!
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?
FROM RICHARD @ JRB … APRIL 1 DEADLINE: DOES YOUR ENVIRONMENTAL QUESTIONNAIRE COMPLY? NO FOOLIN’!
Does your Environmental Questionnaire Comply? SBA gives lenders an April 1st Deadline. No Foolin'! JRB Senior Associate takes you through the process.
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