eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
JRB e ALERT! NAGGL’S ANNNUAL SMALL BUSINESS LENDING CONFERENCE NOVEMBER 13-15 ∙ SAN DIEGO ∙ THE PLACE TO BE! STOP BY OUR JRB BOOTH #77
NAGGL’s Annual Small Business Lending Conference has long been a state-of-the-art gathering for small business lenders, lender service providers, federal legislators, and SBA leadership. This year’s sold-out conference is again the place to be NAGGL ’18 promises a full schedule [...]
FROM RICHARD JEFFREY @ JRB … WRAPPING UP NADCO’S ANNUAL MEETING
Networking with so many 504 professionals is one of the things I enjoy most at NADCO’s Annual Meeting. We had a pretty steady stream of visitors at the J R Bruno booth, with a lot of people asking how we [...]
FROM RICHARD JEFFREY @ J.R. BRUNO … SEE YOU AT NADCO’S ANNUAL MEETING OCTOBER 16-18 IN FORT LAUDERDALE!
It’s time for another NADCO Annual Meeting and, as always, I’m looking forward to it. The meeting is a wonderful opportunity to catch up with old friends and colleagues, meet new ones, and swap stories about our loan programs. And [...]
JRB’S LORI MC CAUSLAND: ON BOARD FOR 5-PLUS YEARS – AND STILL ENJOYING THE RIDE!
I’m a “look forward” kind of person, so reflecting on the past isn’t really my thing. But I guess my 5-plus years with J.R. Bruno & Associates gives me a reason. It’s been an amazing ride. I’m still happily on [...]
SBA’S ‘ALL APPROPRIATE INSURANCE’ REQUIREMENT … WHAT’S ‘APPROPRIATE’ INSURANCE? WELL, THAT’S EASY.
At JRB, we perform annual loan reviews for lenders across the country. Yet often we get questions from lenders asking why their reviewer criticized one thing or another – even if we’re not performing their review. Among the most common [...]
STARS, STRIPES AND JRB – WE’RE HEADED FOR D.C.! AMERICA EAST CONFERENCE FOR SBA LENDERS AUGUST 1-3
We're meeting up with SBA lenders and industry leaders from up and down the Eastern Seaboard at this year's America East, August 1-3. As always, America East is a great opportunity to network with peers and get the latest updates [...]
FROM RICHARD JEFFRY @ JRB … Q: DO OUR ANSWERS PRODUCE NEW QUESTIONS? A: YEP. IT’S HOW WE ROLL!
Our client Q&A sessions just keep rolling! Answers to questions often draw new questions from other clients. Recently we answered a question about a business that was owned more than 50% by a citizen of a foreign country. That answer [...]
MARIJUANA REVISITED – SBA NOT BLOWING SMOKE!
Hot-Button Issue Getting Hotter! SBA means business. Back in March we alerted you to SBA’s first-time language addressing retail marijuana-businesses. See SOP 50 10 5 (J) (1/1/18). Subpart B, Chapter 2, V. Eligible Use of Loan Proceeds, F, 1, g, [...]
HAPPY 4TH OF JULY!
From Sea to Shining Sea … Happy 4th From All of Us at JRB!!
DEFERMENT, WORKOUT OR FORBEARANCE? THAT’S THE QUESTION!
We see a common trend in our loan review and liquidation work with clients across the country: As soon as a loan begins showing stress, so do the lender's procedures. In a perfect world this wouldn't be the case, but [...]
FROM RICHARD JEFFREY @ JRB … WHEN’S A DEVELOPER ELIGIBLE FOR SBA FUNDING – OR NOT?
THE KEY: PRIMARY SOURCE OF REVENUE I had an interesting experience recently. A client and I had a running back-and-forth about possible situations when a real estate development project would be eligible for an SBA loan – or not. It [...]
WESTWARD HO, JRB! SEE YOU AT AMERICA WEST!!
We’re heading out to join SBA lenders from the Western states at the America West Small Business Lenders Conference, June 20-22 in Costa Mesa, California. This year’s conference is jam packed with educational sessions for SBA lenders of all sizes [...]
IMPORTANT FOLLOW UP! NEW APPRAISAL AND EVALUATION GUIDELINES: THEIR IMPACT ON SBA LOANS
NADCO Conference Recap Follow Up. The Conference recap I issued in May covered the Amendment to the Interagency Guidance on Appraisals and Evaluations for Financial Institutions, effective April 2, 2018. As a refresher, this amendment raises the threshold for required [...]
CAN THE APPLICANT ACCESS CREDIT ELSEWHERE? MAYBE.
GOT A POSSIBLE ISSUE? THINK IT THROUGH! Credit Elsewhere. Is there an SBA issue debated more? All the talk – and the ensuing scrutiny – by Purchase Centers, OCRM, OIG and Congress resulted in changes detailed in SBA Policy Notice [...]
FROM RICHARD JEFFREY @ JRB … WRAPPING UP NADCO’S SPRING SUMMIT
NADCO’s Spring Summit is always a special conference. Where else can you meet so many SBA leaders in one place? After all, the Summit is held in Washington, D.C., so they’re in the neighborhood! With great networking with CDC colleagues, [...]
SBA’S NEW LOOK: GET YOUR RED-HOT NEW LOGOS NOW!
SBA Lenders: SBA’s new logo is ready for your use on window decals, window clings and on your website. Get decals and window clings from your local SBA district office. Download a digital decal for your website from the SBA [...]
DOCUMENTING EQUITY INJECTION FOR EARLY DEFAULT LOANS: DOING IT RIGHT WILL PROTECT YOUR GUARANTY
“If we had a hammer …” Time and again we’ve pounded away at this issue in our eBulletins and client discussions: When it comes to protecting your guaranty, Equity Injection is a top reason for denial or repair to the [...]
FROM RICHARD JEFFREY @ JRB … SBA ELIGIBILITY Q&A: WHAT ABOUT BUSINESSES CATERING TO SPECIFIC GENDER AND AGE GROUPS?
I love getting “real world” questions from our clients! I get a chance to research some challenging issues – and importantly to assist in decision making and avoiding possible SBA denials before they happen. And by extension, I can help [...]
SBA LOAN REVIEW: IT ALL COMES DOWN TO GOOD HOUSEKEEPING!
PREPARING FOR AN SBA LOAN REVIEW: IT ALL COMES DOWN TO GOOD HOUSEKEEPING! Loan Reviews. Let’s talk. Are you facing a PARRiS Targeted Review? An Annual Review? Or working to stay on top of things to keep your portfolio from [...]
JRB ‘ON THE ROAD AGAIN’ – NAGGL AND NADCO CONFERENCES IN MAY
JRB ‘ON THE ROAD AGAIN’ –NAGGL AND NADCO CONFERENCES IN MAY NAGGL’S SBA LENDING TECHNICAL CONFERENCE MAY 1-3 Chicago, Chicago! We’re headed to the 34th SBA Lending Technical Conference in the windy city May 1-3. NAGGL has always been a [...]
SUBMITTING 1502 REPORTS: IT’S ALL ABOUT THE DETAILS!
SUBMITTING 1502 REPORTS: IT’S ALL ABOUT THE DETAILS! INCORRECT FILING CAN AFFECT YOUR PARRiS SCORE!! As with all SBA processes, accurate 1502 reporting is critical to maintaining your portfolio’s performance and a positive PARRiS score. And as with all processes, [...]
FROM RICHARD JEFFREY @ JRB … ANSWERING CLIENT QUESTIONS ABOUT SBA LOANS: Q&A TAKE 2
FROM RICHARD JEFFREY @ JRB … ANSWERING CLIENT QUESTIONS ABOUT SBA LOANS: Q&A TAKE 2 Following up on my recent eBulletin where I responded to a client’s question, I like the idea that it was a real-life question from a [...]
CREDIT ELSEWHERE TEST ELIMINATED FOR LESS THAN 20% OWNERSHIP
CREDIT ELSEWHERE TEST ELIMINATED FOR LESS THAN 20% OWNERSHIP SBA Policy Notice 5000-17057 effective 4/3/2018 for 7(a) and 504 loans, eliminates the Credit Elsewhere Test for those owning less than 20% of a business applicant and provides guidance on other [...]
SBA ANNOUNCES 25-YEAR FULLY AMORTIZED 504 LOAN
SBA ANNOUNCES 25-YEAR FULLY AMORTIZED 504 LOAN Effective 4/4/2018 and posted on the Federal Register on 4/4/2018, SBA has made available a 504 loan with a 25-year maturity in addition to the10- and 20-year 504 loans already available.
SBA SMALL BUSINESS WEEK APRIL 29-MAY 5, 2018
SBA SMALL BUSINESS WEEK APRIL 29-MAY 5, 2018 SBA’s Small Business Week kicks off in Washington D.C. with award ceremonies on April 29 followed by a nationwide bus road show and local events across the country. Now’s the time to [...]
REBECCA MENDOZA MARKS 10 YEARS WITH JRB!
REBECCA MENDOZA MARKS 10 YEARS WITH JRB! REFLECTIONS ON A DECADE OF TRAVELING THE SBA ROAD WITH GREAT SBA LENDERS ACROSS THE COUNTRY … Ten years in one place in our industry doesn’t happen often these days. I am happy [...]
TIME FOR SPRING CLEANING YOUR SBA PORTFOLIO!!
SPRING HAS SPRUNG! REFRESH. REFLECT. RENEW. TIME FOR SPRING CLEANING YOUR SBA PORTFOLIO!! I love spring. For me spring has always meant a time for renewal, for cleaning the cobwebs from brain, the dust from my files – and the [...]
FROM RICHARD JEFFREY @ JRB … WHAT ABOUT SBA LOANS TO BUSINESSES OUTSIDE THE UNITED STATES?
FROM RICHARD JEFFREY @ JRB … IT’S THE USA’s SBA – THEN WHAT ABOUT LOANS TO BUSINESSES OUTSIDE THE UNITED STATES? Our federal government’s Small Business Administration is unique around the globe – a government entity designed to boost local [...]
BACK-TO-BACK SBA LENDER CONFERENCES IN MARCH!!
JRB eAlert! WE’RE HITTIN’ THE QUALITY CIRCLE CIRCUIT! Georgia Lenders Quality Circle SE/South Eastern Small Business Lenders Conference ∙ 3/7-3/9 Western Pennsylvania Quality Circle Conference ∙ 3/14-3/16 From the hills of Asheville, North Carolina to the snowy slopes of Western [...]
PITFALLS IN PARRiS: WATCH OUT FOR PACKAGING FEES, REFERRAL FEES, CONTINGENCIES
Focusing on Fees. Sections of the newly minted SOP 50 10 5 (J) reinforce the Office of Credit Risk Management’s increased oversight of SBA lender relationships with – and fees paid to –Packagers/Referral Agents/Lender Service Providers. That’s a big signal [...]
NEWEST SBA DIRECTIVES AND MARIJUANA SALES – YOUR GUARANTY’S SMOKING GUN?
Hot issue! As more and more states are making marijuana sales legal, it looks like SBA and the Department of Justice are thinking along the same lines when it comes to retail marijuana businesses. The DOJ has issued new directives [...]
DEFINING ‘ASSOCIATE’ ACCORDING TO SBA
FROM RICHARD JEFFREY @ JRB … In a recent eBulletin we took a look at a case study involving two “associates” and what they went through to make SBA construction and 504 loans work for their project. Rough waters all [...]
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