eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
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.
FROM RICHARD @ JRB … CELEBRATING NATIONAL WOMEN’S SMALL BUSINESS MONTH: OPENING UP A WEALTH OF OPPORTUNITY
Yes, celebrate! More than 14 million women-owned businesses in the U.S., generating $2.7 trillion in annual sales. And counting.
FROM RICHARD @ JRB … U.S. LABOR DEPARTMENT’S LSA LIST IS HERE … WHAT’S IT ALL ABOUT? GET YOUR RED-HOT COPY!!
LSA areas have a major impact on SBA lending. They're often not understood and seldom used. JRB is working to end all that.
FROM RICHARD @ JRB … HERE’S EDGAR EAGER, STILL CHASING MIRACLES. AND CATHY, STILL CAUTIOUS. HASHED OUT OVER LUNCH …
Financing 504 loans doesn’t happen by saying, “Poof! Off we go!!” Making magic takes a closer look – and some work.
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..
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