eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
FROM RICHARD @ JRB … THE SCOOP ON C-PACE: GREAT NEWS FOR PROPERTY OWNERS, 504 LENDERS─AND THE ENVIRONMENT
SBA financing can now be combined with C-PACE financing. C-PACE Financing: What's it all about?
HAPPY NEW YEAR FROM JRB!
“Act as if what you do makes a difference. It does.” ─William James Happy New Year! Cheers! Let’s celebrate a record-setting year for SBA lending! What a great start to 2025. From our team to [...]
HAPPY HOLIDAYS FROM JRB!
FROM ALL OF US @ JRB ... WISHING YOU AND YOURS A SAFE AND HAPPY HOLIDAY SEASON!!
FROM RICHARD @ JRB … YOUR RECOMMENDED HOLIDAY READING: SBA PROCEDURAL NOTICE 5000-86292
First of a two-part overview of this Notice. Stay tuned for Part 2 in the new year.
JRB eAlert! IMPORTANT SBA PROCEDURAL NOTICE IN EFFECT NOW!!
SBA Procedural Notice 5000-862692, effective December 6, 2024, addresses two separate issues affecting the 7(a) and 504 loan programs. First, the notice details changes and updates to various procedural guidelines for SBA 7(a) and 504 [...]
FROM RICHARD @ JRB … SBA 7(a) UNDERWRITING 101, 102 … AND SO ON: A TUTORIAL FROM ONE OF MY FAVORITES …
So many items on the underwriter's Needs List. What to do?
FROM RICHARD @ JRB … WHAT HAPPENS @ NADCO … A DEAL GETS ROLLING. FOLLOWING UP. GETTING IT DONE …
Since SBA 504 loan proceeds cannot be used to acquire or refi residential property, can a residence be taken as collateral?
FROM YOUR TEAM @ JRB … TIME TO SHOP SMALL! SBA LENDERS: SUPPORT LOCAL BUSINESSES ON SMALL BIZ SATURDAY. THEN, LET’S KEEP IT GOING!
Small Business Saturday: An initiative SBA has co-sponsored since 2011, adding billions to the economy.
JRB e ALERT: CDCs! NEW SBA FORM 1244 MANDATORY 11/23/2024!!
CDCs: Remember that if you’re submitting a new 504 loan to SBA you MUST now use the new SBA Form 1244, “Application for 504 Loans.” The new Form 1244 has been effective for weeks, although [...]
FROM ALL OF US @ JRB … THANKSGIVING SEASON IS HERE!
Thanksgiving Season is here again! All too soon, it seems. Along with sharing all the traditions and the company of family and friends, Thanksgiving is a time to look back on great memories, celebrate our [...]
FROM RICHARD @ JRB … VERIFYING 7(a) EQUITY INJECTION: A BURDEN HAS BEEN LIFTED. NOW WHAT?
"Do what you do" doesn't cover everything. More is needed ...
JRB’S CDC/504 LENDER eALERT: NADCO’S ‘NOW ’24’ NOV. 11-14 … SEE Y’ALL IN AUSTIN!!
NADCO’s annual gathering of industry experts, SBA representatives and CDC staff
FROM RICHARD @ JRB … NEW VERSION SBA FORM 1244 IS HERE! NADCO’S NOW ’24 CONFERENCE: SEE Y’ALL IN AUSTIN NOV. 11-14!!
Familiar with the current Form 1244? Your adjustment should be painless. Plus, there are some helpful clarifications ... CDCS: See y'all at NADCO NOW!
FROM RICHARD @ JRB … WHAT A SITE VISIT TO BEHOLD!
SBA requires an Environmental Investigation on all commercial real property taken as collateral. At minimum SBA requires an Environmental Questionnaire.
JRB e ALERT! HEADS UP, 7(a) LENDERS! SOP 50 57 3.1 IS HERE!!
SBA has released SOP 50 57 3.1. Check it out!
FROM ALEX@JRB … WE’RE PACKING OUR BAGS FOR LAS VEGAS AND NAGGL’S 40TH ANNIVERSARY ANNUAL CONFERENCE NOV. 4-6 ATTENDING? STOP BY OUR BOOTH!
We're excited to join in NAGGL’s 40th Anniversary Celebration! Congratulations, NAGGL!!
FROM RICHARD @ JRB … REFI OR TERM OUT THE EXISTING LOAN? ABEL LENDER CONTACTED JRB. READ ON …
Was the business in operation for all of the 2-year period ending on the date of the application? Good Idea: Contact JRB
FROM RICHARD @ JRB … PUTTING ON MY INSTRUCTOR’S HAT … LESSONS IN LSA’s AND SBA SIZE STANDARDS
SBA size standards increase by 25% for businesses in a Labor Surplus Area for 504 and 7(a) loans. You want to lend to these businesses.
Got questions about SBA Lending?