eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
FROM RICHARD @ JRB … ‘WELL, MAYBE NEXT YEAR’ … IS HERE. SBA ISSUES IMPORTANT CHANGES TO REGS FOR SBA 7(a), 504 LOANS. OUR TAKE.
The regs are here! JRB's Richard Jeffrey takes you through key provisions in SBA's updated regulations for the 7(a) and 504 loan programs. All are effective May 11, 2023.
FROM RICHARD @ JRB … ALL ABOUT REQUIRING FINANCIALS FROM AN APPLICANT’S SPOUSE. HOW ABOUT IT?
At JRB, one of our challenges as SBA consultants is explaining the Agency’s requirements in an intelligible manner. After I’ve explained a requirement and our client says, “Oh I see,” I have a tremendous sense [...]
FROM RICHARD @ JRB … GOT A NON-U.S. CITIZEN LOOKING FOR AN SBA LOAN? LET’S TALK ABOUT IT.
Can non-U.S. citizens get SBA loans? JRB Senior Associate Richard Jeffrey clears it up and tells you how non-citizen-owned businesses can apply for SBA loans. Spoiler Alert: Color it Green. Of course there's more to it. Read on ...
FROM RICHARD @ JRB … SBA PROCEDURAL NOTICE 5000-844866: LOST IN THE TRANSLATION? TAKE HEART!
Got it? Well, maybe. JRB Senior Associate Richard Jeffrey takes you through SBA Procedural Notice 5000-844866.
FROM RICHARD @ JRB … SELLING 7(a) LOANS ON THE SECONDARY MARKET: WHEN IS A GOOD TIME? WHAT ARE THE RISKS?
At JRB, our clients often call us with “should we, or shouldn’t we?” questions. We got a call the other day from Jean, a loan officer I know pretty well. Her institution has been looking [...]
FROM RICHARD @ JRB … ‘THE WEARIN’ O’ THE GREEN’ … LET’S TALK ABOUT THE MYTHS OF GREEN SBA 504 LOANS
Going Green? Truths to tell ... On the brink of St. Patrick's Day, JRB Senior Associate Richard Jeffrey explores the myths about SBA 504 Green Loans.
FROM RICHARD @ JRB … AUNT SADIE’S REMODELING: HOW DOES A 7(a) LENDER DETERMINE EQUITY ON A RENOVATION IN PROGRESS?
JRB Senior Associate Richard Jeffrey takes you to Sadie's Salami Deli. Sadie owns the deli and is applying for a 7(a) loan. She's also remodeling her house. Determining how much equity the residence has will determine whether to put a lien on the property. How would SBA calculate the equity on a residence under construction?
FROM RICHARD @ JRB … GETTING MORE REQUESTS FOR 504 REFI? WHAT ABOUT REFI WITH EXPANSION: ANY MINIMUMS? ANY LIMITS?
A couple of months ago one of our clients, an SBA Lending Manager who’s an old buddy of mine, asked me to review his SBA lending policy, specifically to amend it to include 504 loan [...]
FROM RICHARD @ JRB … USING 7(a) LOANS FOR CHANGE OF OWNERSHIP ─ LEARNING FROM MOE, LARRY, AND CURLY
How can a 7(a) loan be used to finance Change of Ownership? SBA has clear guidelines. JRB Senior Associate and SBA guru Richard Jeffrey takes you through.
FROM RICHARD @ JRB … A TALE OF TWO TRAILERS: 504 ELIGIBLE – OR NOT? GIVING THE SOP A CLOSE READ: IT TELLS THE STORY
SBA 504 eligible or not? Good to know: JRB Senior Associate Richard Jeffrey tells you the Tale of Two Trailer Businesses and why one is eligible and the other is not eligible.
FROM RICHARD @ JRB … BLOWING UP THE FICTION OF ‘LIEN ALL AVAILABLE COLLATERAL’
Lien all available assets? Not so fast. JRB Senior Associate Richard Jeffrey takes you through a few scenarios.
FROM RICHARD @ JRB … DEFINING URBAN VS. RURAL: ‘WHAT’S LOVE GOT TO DO WITH IT?’
Defining Urban vs. Rural: JRB Senior Associate Richard Jeffrey takes you through what constitutes an Urban Area as the SBA defines it according to the 2020 Census.
FROM RICHARD @ JRB … ‘IT’S A SMALL, SMALL LOAN’ – OR IS IT? SBSS SCORES ARE NO SMALL MATTER
What's a Small 7(a) SBA Loan? Really? JRB Senior Associate Richard Jeffrey gives you the skinny on SBSS Scores.
FROM RICHARD @ JRB … ALL DRESSED UP AND NO PLACE TO GO. WHAT HAPPENED TO HOLD UP THE LOAN?
Your loan hit a snag. Just when you thought you'd taken care of everything. Now your loan is all dressed up with nowhere to go. JRB Senior Associate Richard Jeffrey irons out the snags, getting the loan fitted and ready to fund.
JRB e ALERT … UPDATE ON FRANCHISE LOAN ELIGIBILITY
One of the benefits of our eBulletins is being able to educate our clients and other practitioners. And sometimes practitioners educate us. In a recent bulletin about reviewing franchise agreements for eligibility, we recommended that among other [...]
FROM RICHARD @ JRB … SNOWBOUND. GREAT TIME TO READ UP ON SBA’S DENIALS OF PURCHASE OR REPAIR OF FRANCHISE LOANS
Snowbound. JRB Senior Associate Richard Jeffrey made the most of his time: reading up on SBA's reasons for denials of purchase or repair of franchise loans. Came the snowplow ... with much more info to come. Stay tuned!
FROM ALL OF US @ JRB … HAPPY NEW YEAR! BRING ON 2023!!
"It's time for us to realize that we're too great a nation to limit ourselves to small dreams." -- Ronald Reagan, 1st Inaugural Address Bring on 2023! As we turn the corner to a New [...]
FROM RICHARD @ JRB … LESSONS IN 7(a) EQUITY INJECTION: A MATTER OF DEFINITIONS … DICTIONARIES READY: OPEN!
Defining "Equity Injection" ... JRB Senior Associate Richard Jeffrey is your dictionary. With a little help from the SOP!
FROM RICHARD @ JRB … TICK TOCK. YEAR-END RISK RATING LOOMS. AVOID THOSE VISITS FROM GHOSTS OF THE TAX YEAR PAST
Lessons from Ebenezer Scrooge ... Year-end Risk Rating: JRB Senior Associate Richard Jeffrey shows you how to keep Ghosts of the Tax Year Past from haunting your portfolio.
FROM SANDY @ JRB … TOGETHER AGAIN: MEETING IN PERSON @ NADCO’S SPRING SUMMIT 22 – A QUICK RECAP
Working Together Towards the Future. What an apt title for this year’s NADCO Spring Summit, as we came together in D.C. May 15-18 for the first in-person conference in two years. It’s an apt title [...]
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