eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
FROM ALEX @ JRB … SERVICING ROUND 4: LACING UP TO CHASE YOUR TRACKING ITEMS
Want to chat to an experienced track coach? Servicing #4: Lacing Up to Chase Your Servicing Items ... JRB Principal Alex Liberchuk takes you thru the Servicing Tracking Steeplechase.
FROM RICHARD @ JRB … NAMING THE BABY: IN SBA LENDING IT CAN BE A VERY BIG DEAL!
What's in a name? Names didn't matter for Romeo and Juliette, but they matter here. JRB's Richard Jeffrey shows you why names mean a lot when it comes to SBA lending.
FROM PAUL @ JRB … IT’S A NEW YEAR! WHAT’S IN STORE FOR 2022?
Welcome to 2022! JRB Associate Paul Baker looks back on the rollercoaster ride that was 2021, how SBA's programs help save or create small business jobs -- and what's in the picture for 2022. He includes SBA Administrator Isabela Casillas Guzman's statement of continued support. And the work goes on!
FROM ALEX @ JRB … DO SBA LENDERS NEED A LOAN PROCESSING PLATFORM? YES, NO ─AND MAYBE!
Do SBA Lenders Need a Loan Processing Platform? Yes, No--And Maybe! J.R. Bruno & Associates Principal Alex Liberchuk gives you the lowdown.
FROM YOUR TEAM @ JRB … SERVICING ROUND 3: METRICS. ARE THEY MATERIAL? ABSOLUTELY! HOW DOES YOUR CDC MEASURE UP?
"If you can't measure it, you can't improve it." Savvy management guru Peter Drucker spelled it out. Metrics: Count 'em up. "When it comes to Portfolio Servicing, metrics are a must ... for running your CDC with your Portfolio Servicing under control and compliant." Your JRB Team
FROM ALL OF US @ JRB … HAPPY NEW YEAR!!
FROM ALL US @ JRB ... WISHING YOU, NEW DREAMS. NEW EXPERIENCES. NEW JOYS. AND A STELLAR 2022. HAPPY NEW YEAR!!
FROM RICHARD @ JRB … UNDERWRITING: A PROCESS REVIEW + A RULE OF THUMB. IT’S AS EASY AS, WELL … S, B, A!’
On Underwriting Overload? In this time of high loan volume, important objectives like greater efficiency and process improvement can get overlooked. JRB Senior Associate Richard Jeffrey gives you his Rule of Thumb for greater underwriting efficiency.
FROM YOUR TEAM @ JRB … 504 SERVICING: DO DETAILS MATTER? YOU BET! SOLVING THREE CASES OF ‘WHAT’S MISSING?’
Second in our series focusing on Servicing. We’re taking a close look at those not-so-little details that can make all the difference. When they’re missed! “If you place the emphasis on getting little things right, [...]
FROM PAUL @ JRB … MORE CHANGES TO SBA FORM 159 ROUND 2: AN UPDATE
"For the times they are a changin' ..." Bob Dylan had it right! One thing's for sure: change is constant. So here we go again, more changes to SBA Form 159. JRB Associate Paul Baker takes you through Form 159: New Again!
FROM YOUR TEAM @ JRB … TALKING TURKEY: SMALL BIZ SATURDAY, NOW MORE IMPORTANT THAN EVER!
“The real glory is being knocked to your knees and then coming back. That’s the real glory. That’s the essence of it.” ─ Vince Lombardi, American Football Coach After the turkey and the football, we [...]
FROM ALL OF US @ JRB … OUR WISHES FOR A HAPPY THANKSGIVING!
"Here comes the sun/Here comes the sun" As we look to brighter days ahead, Happy Thanksgiving from JRB!
FROM YOUR JRB TEAM … 504 LOAN SERVICING: TAKING IT SERIOUSLY – AND WORKING SMART!
SBA 504 Loan Servicing ... Taking it Seriously. Working Smart. Making Servicing a CDC's Top Priority! Your JRB Team takes you through it.
FROM LISA @ JRB … A VIEW FROM CYBERSPACE: NAGGL 2021 CONFERENCE RECAP
NAGGL 2021: Just a short time ago we used “hybrid” mainly to describe a new breed of cars. Not any more! This year's NAGGL was a hybrid. Some folks showed up in person, some dialed in. No matter: Nationwide connections made! JRB Senior Associate Lisa Lerner dialed in and recaps SBA's key initiatives: small dollar loans, new technologies, and life after PPP.
FROM RICHARD @ JRB … A TALE OF THE WAYWARD PFS: CUTTING CORNERS NEVER PAYS!
CDC in crunch time? Rushing to complete those 504 loan packages so you meet the funding deadline? No time for a new Personal Financial Statement? Easy peazy: Just transfer info from a PFS the borrower gave you last year, right? So wrong. JRB Senior Associate Richard Jeffrey shows how cutting corners could spell disaster, especially if the loan goes bad, and doing it right keeps your loan on track. Whatever happens down the road.
FROM PAUL @ JRB … SBA FORM 159: WHO FILLS IT OUT? WHO SIGNS IT? WHO PAYS? PLUS SOME BEST PRACTICES
We’re well into Fiscal Year 2022, with loan reviews in full swing. At JRB, we’re certainly doing our share, and have been over the past couple months. So I thought it might be good to [...]
FROM RICHARD @ JRB … SBA’S LABOR SURPLUS AREAS: ONE SIZE NEVER FITS ALL. SIGNIFICANT CHANGES AND SURPRISES ON THIS YEAR’S LIST
I bet most SBA lenders can cite the size standards by heart. And I’ll bet if we wake up most savvy lenders in the middle of the night, some will be muttering “… maximum tangible net [...]
FROM LISA @ JRB … SBA LENDERS: SBA 7(a) FEES EFFECTIVE OCTOBER 1, 2021. ARE ‘WE BACK TO THE FUTURE?’
"Back to the Future" is more than a movie title where FY 2022 SBA loan fees are concerned. That is, except for big breaks on Express Loans, for veterans and for business owners borrowing $350,000 or less. JRB Senior Associate Lisa Lerner focuses on the advantages SBA offers these borrowers.
FROM RICHARD @ JRB … 504 REFI REVISITED: REFI WITH EXPANSION ─ HAS LTV GOT SOMETHING TO DO WITH IT?
Every now and then I get a question about structuring a 504 project based on the appraised value, as if 504 had some sort of LTV requirements. Actually, I get this question more often than [...]
FROM PAUL @ JRB … WITH 504 REFI, IS 504 SBA’S FAVORITE CHILD? HOLD ON! 7(a) SAYS ‘DON’T FORGET ABOUT ME!’
With 504 refi, is 504 SBA's favorite child? Is 7(a) forgotten in programs to further assist borrowers? Not to worry. JRB Associate Paul Baker shows you how it's all in the family.
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