eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
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.
JRB NEWSFLASH: EFFECTIVE NOW! … SBA’s FINAL RULE ON BACKGROUND REVIEWS
Final Rule effective May 30, 2024. SBA Procedural Notice and revised forms coming soon ...
FROM SANDY @ JRB … NADCO’S SPRING SUMMIT: MY TAKEAWAYS — NEW LOAN SCORING SYSTEM … OCRM’S ‘EMERGING ISSUES’ – AND MORE!
Highlights from a great NADCO Spring Summit: always something new to learn!
FROM RICHARD @ JRB … LOCATION, LOCATION, LOCATION. IT MATTERS. ESPECIALLY WITH FOREIGN-OWNED BUSINESSES
An American business owned by a foreign national can be eligible for SBA financial assistance. With two important qualifiers. Checking out the SOP ...
FROM RICHARD @ JRB … PURCHASING A BUILDING WHEN THE PRIMARY OC HAS NO CASH FLOW. HOW IT COULD WORK …
Using affiliate income and its excess cash flow to support the DSCR Loan for the OC. What to do ...
FROM RICHARD @ JRB … SBA’s FINAL RULE ON BACKGROUND REVIEWS … WHAT TO DO ABOUT YOUR LOAN POLICIES?
JRB Recommends: Checking out your SBA Loan Policy and amending to comply with the Final Rule.
JRB NEWSFLASH! SBA REMOVES $16.5 MILLION CAP ON ENERGY PUBLIC POLICY PROJECTS
Go Green! $16.5 million on Energy Public Policy (Green) projects removed by SBA.
FROM SANDY @ JRB …WE’RE PACKING OUR BAGS AND HEADING TO D.C ─ NADCO’S SPRING SUMMIT MAY 5-8
Much to look forward to at this important Conference! Hope to see you there!!
JRB NEWSFLASH! SBA PUBLISHES FINAL RULE AMENDING REGULATIONS FOR CRIMINAL BACKGROUND REVIEWS
On Tuesday, April 30, 2024, SBA published a Final Rule in the Federal Register amending criminal background reviews for the Surety Bond Guaranty Program, and the 7(a), 504, Microloan, ILP and Disaster Loan programs. Among [...]
FROM RICHARD @ JRB … TUTORIAL 101: THE LOWDOWN ON DOWNPAYMENTS FOR 7(a) BUSINESS ACQUISITION LOANS …
Financing a change of ownership using a 7(a) loan. Here's how ...
FROM RICHARD @ JRB … TAKING CARE OF BUSINESS: BUFFY & DUFFY PURCHASE A DAYCARE … SELLER’S TAX RETURNS NEEDED FOR A 504?
Checking out the SOP ... And doing what you need to do.
FROM RICHARD @ JRB … ‘THE CASE OF THE WEARY WINE RETAILER’ … CHALLENGES IN PURCHASING AND FINANCING A DIVISION OF A BUSINESS
Determining what financial information would be sufficient to the SBA and/or whether the sale is in the best interest of the business.
FROM RICHARD @ JRB … THE DRY CLEANER AND THE GANGSTER: WHAT’S A 504 LOAN GOT TO DO WITH IT? PLENTY …
Checking out what the dry cleaner has been up to: Environmental Assessment needed?
FROM RICHARD @ JRB … HUMPTY DUMPTY AND COLLATERAL: VIEWING THE SOP ‘THROUGH THE LOOKING GLASS’ …
How is "fully secured" defined in the SOP?
Got questions about SBA Lending?