eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
FROM RICHARD @ JRB … EDGAR EAGER IS AT IT AGAIN: SO READY TO CLOSE THE DEAL. BUT HEY, WHERE’S THE CASH?
Can you tell SBA that it will show up sometime, somewhere? Nope. Read on ...
FROM RICHARD @ JRB … EDGAR EAGER IS AT IT AGAIN: SO READY TO CLOSE THE DEAL. BUT HEY, WHERE’S THE CASH?
How is the prospect coming up with it? You cannot tell SBA that it will show up sometime, somewhere.
FROM RICHARD @ JRB … ‘ABUNDANCE OF CAUTION’ … WHAT THE HECK IS IT, ANYHOW?
When a lien on a house isn’t just being cautious. It's necessary.
FROM RICHARD @ JRB … WHAT? BORROWER CHANGED ITS MIND @ THE LAST MINUTE? … SHARING SOLUTIONS OVER COFFEE …
Loan is approved and you're ready to close. Whoa! The borrower decides it wants more money. What next?
FROM RICHARD@JRB … A MATTER OF EQUITY INJECTION: WHEN YOUR LOAN POLICY REQUIRES WHAT SBA DOESN’T. YOUR OPTIONS?
When a lender’s policies require what SBA doesn’t, it's not good for anybody. JRB's recommendation ...
FROM RICHARD@ JRB … 7(a)/504 COMBO: WHEN THE BORROWER DOESN’T ALREADY HAVE A 7(a), ‘WHO’S ON FIRST?’
Why timing matters: Checking out the SOP
FROM ALEX @ JRB … ‘NEW YORK, NEW YORK’ HERE WE COME! EAST COAST SBA LENDERS: MEET UP WITH ME @ AMERICA EAST ’24
Informative sessions. Lively discussions. Great networking. “Runs the Gamut” is an understatement. See you in the 'Big Apple!'
FROM RICHARD @ JRB … JAMIE’S CDC & JOBS: QUALIFYING FOR A 504 LOAN BASED ON NEW OR RETAINED JOBS … ANY SURPRISES?
Happy surprises for some 504 applicants ... ways thru the maze.
JRB NEWSFLASH! SBA POSTS FISCAL YEAR 2025 FEES FOR 7(a) & 504 LOANS
Check 'em out! Here's a Quick Recap!!
FROM RICHARD @ JRB … BUYING A BUSINESS WITH A CASH SHORTFALL … WAYS TO BRING HOME THE GOLD!
Purchase price: $1 million. Ready cash: $60,000. SBA requirement: Minimum 10% of total project costs. How? Ask JRB!
FROM RICHARD @ JRB … GROUCHY SELLER WANTS ALL GUARANTORS RELEASED WHEN HIS BUYER ASSUMES THE LOAN – A GOOD IDEA?
Maybe Mr. Crabtree won't be so grumpy after all. Read on .l..
FROM RICHARD @ JRB … ADDITIONAL INSURED VS. LOSS PAYEE VS. LENDER LOSS PAYEE: ADDING ONE WORD = BIG DIFFERENCE.
Which choice offers lenders the best protection?
JRB eAlert! HEADS UP 7(a) LENDERS: NEW SBA FORM 1919 IS HERE! START USING IT!!
Here’s SBA’s updated Form 1919, reflecting the Criminal Justice Final Rule on Background Reviews. It won’t be on SBA’s website for a while because it needs to be formatted for online use by sight-impaired readers. [...]
FROM RICHARD @ JRB … ‘WHAT’S IN A NAME?’ QUITE A LOT ─ WHEN YOU’RE NAMING AN SBA LOAN. LET’S MAKE IT EASY …
Is there a standard for naming SBA loans? Yep. Read on ...
FROM RICHARD @ JRB … SBA’s UPDATED 7(a) LOAN SUBMISSION CHECKLIST: DON’T LET IT SLIP BY YOU!
Old stuff. New stuff. Some changes. Here's a rundown ...
FROM RICHARD @ JRB … CHECKING OUT YOUR INTERNAL POLICIES WITH SBA’s INDEPENDENT LOAN REVIEW GUIDE: CURRENT? CONSISTENT?
SBA's Independent Loan Review Guide, circa 2017: Have you read it lately? Good idea to take a read ...
JRB NEWSFLASH! UPDATE FOR CDCs … IMPLEMENTING SBA PROCEDURAL NOTICE 5000-857477
As we all know well, Procedural Notice 5000-857477, effective May 31, 2024, removes restrictions on SBA loans to businesses with an Associate who is on probation or parole. SBA is revising Form 1244 to reflect [...]
FROM RICHARD @ JRB … ‘HOT TOPIC’ AGAIN: SBA’s FINAL RULE ON BACKGROUND REVIEWS – TAKING ON SBA’s INTERIM GUIDANCE …
... handling new SBA loan applications, with SOP revisions and updated forms and applications still to come.
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