Heads up 7(a) lenders: Better learn to say, V-A-L-I-D-A-T-I-O-N E-R-R-O-R 4363! Why? Enforcement of technical violations is smack-dab in the new SOP 50 57 3. JRB Senior Associate Richard Jeffrey tells you why this could be a useful eligibility tool. Just check out Technical Default on pg. 77 of SOP 50 57 3!
JRB heads to NADCO's NOW '24, Nov. 13-17. The timing is right, with SOP 50 7.1 effective Nov. 15. JRB Principal Alex Liberchuk and Sr. Associate Sandy Mortan will attend key breakout sessions, garnering information for JRB eBulletins, and identifying strategies to assist our clients nationwide. Attending? Stop by our booth!
SBA announced the long-awaited arrival of SOP 50 10 7.1 with a webinar on the Agency’s 7(a) Connect Quarterly Update on Tues., Oct. 24. Effective on November 15, 2023, this updated SOP contains more than [...]
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.
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 [...]
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 [...]
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 [...]