eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
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 [...]
FROM RICHARD @ JRB … ‘SEND IN THE REGS, THERE OUGHT TO BE REGS. WELL MAYBE NEXT YEAR’ … SBA’S PROPOSED RULE TO AMEND AFFILIATION AND CREDITWORTHINESS REGS
With an apology to Stephen Sondheim’s “Send in the Clowns,” which certainly dates me, SBA has published a Proposed Rule to amend various regulations applicable to 7(a) and 504 Loans. As proposed, these will be [...]
FROM YOUR TEAM @ JRB … THINK BIG. SHOP SMALL®. SMALL BIZ SATURDAY, SUPPORT MORE IMPORTANT THAN EVER!
“…So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover." ─Mark Twain After the feasting and the football, we kick off holiday shopping. Defined [...]
FROM ALL OF US @ JRB … OUR WISHES FOR A HAPPY THANKSGIVING!
At Thanksgiving … “The falling leaves … Drift by the window …The autumn leaves … Of red and gold …" ─ “Autumn Leaves” Johnny Mercer , Lyrics, Joseph Korma, Music At Thanksgiving, we have visions [...]
FROM RICHARD @ JRB … SO YOUR LOAN IS AUTHORIZED. CONGRATS! IS THE DEAL DONE? CLOSING CLOSES THE DEAL. READ ON …
Is "DONE" really mean the deal is DONE? So you've checked off "DONE" when your SBA loan is authorized. And you think you're done. Ha! JRB Senior Associate Richard Jeffrey takes you through the Odyssey of Loan Closing.
FROM RICHARD @ JRB … COLORADO CALLS. AND WE ANSWER – ‘YES, WE’LL BE THERE FOR NADCO’S NOW CONFERENCE NOV. 14-17!’
JRB will soon pack up and head for Colorado's Rocky Mountains and NADCO's Now Conference, November 14-17. NADCO is always an important conference for the CDC/504 industry. Attendees: Stop by our booth to discuss how J.R. Bruno can help your CDC grow in expertise and volume.
FROM RICHARD @ JRB … THE FEES ARE COMING, THE FEES ARE COMING. LET’S TALK ABOUT ’EM
The Fees are Coming, and Soon ... JRB Senior Associate lays into his coverage of the upcoming FY23 7(a) fees. Check out this first of his JRB eBulletins answering the questions, "What's New?"
FROM RICHARD @ JRB … THE CASE OF THE LIENING HOUSE: SOLVING THE CASE AND RESOLVING TWO MYSTERIES
JRB Senior Associate Richard Jeffrey solves The Case of the Liening House. Can a house be pledged as collateral for a commercial loan? Can a house listed for sale be listed as collateral for a commercial loan? Elementary, dear lenders.
FROM RICHARD @ JRB … HAVE YOUR BORROWERS HEARD FROM THE INSPECTOR GENERAL LATELY? IF NOT, LIKELY THEY WILL. IT’S ABOUT YOUR PPP AND EIDL LOANS.
The Inspector General calling your borrowers? It's happening. It's about your PPP and EIDL loans. JRB Senior Associate gives you the skinny on the federal legislation that extends the statute of limitations on fraud-related PPP and EIDL loans. Best to be prepared so you can inform your borrowers when they call you!
FROM RICHARD @ JRB … SBA LOAN RISK RATING: EASY AS THE ‘5 C’s OF CREDIT’ … OR ASSIGN YOUR OWN RATING NUMBERS?
Risk Rating: By the numbers according to your Policies & Procedures. How it works: JRB Senior Associate Richard Jeffrey takes you through it.
FROM RICHARD @ JRB … WHY IS SBA DEBT REFI SO HARD? WAYS TO MAKE IT NOT SO HARD. READ ON …
Why is debt refi so hard? JRB Senior Associate Richard Jeffrey's late-night chat with a bunch of lenders takes you through the "What ifs?" -- helping make it not so hard.
FROM RICHARD @ JRB … IMPORTANT: IT’S CRITICAL TO IMPLEMENT SBA PROCEDURAL NOTICE 5000-825230. HERE’S WHY …
"Important" and "Critical" in the same headline? JRB Senior Associate Richard Jeffrey shows you why implementing SBA Procedural Notice 5000-825230 is both. Hint: Timely loan funding is involved.
FROM RICHARD @ JRB … SBA 504 FEES FOR FY23: BIG CHANGES – IS THERE A CHANCE THE SKY IS FALLING?
Is the sky falling? With hikes in SBA's 504 FY23 fees, should we be like Aesop's Henny Penny? Will Foxy Loxy eat us up in fees? Not to worry, says JRB Senior Associate Richard Jeffrey.
FROM RICHARD @ JRB … ABOUT LTVs AND LEGAL FEES – FOREWARNED IS …. WELL YOU KNOW!
How can lower LTV's and possible higher legal fees affect you? JRB Senior Associate Richard Jeffrey takes a close look at a recent SBA Notice with a looong title, and important substance wrapped up in two pages.
FROM RICHARD @ JRB … STALE DATES AND SPILLED MILK: HOW DO THEY RELATE TO SBA LENDING? READ ON …
Stale Dates, Spilled Milk -- and SBA Lending? JRB Senior Associate Richard Jeffrey rummaged through his pantry, tossing out canned stuff that had exceeded their "Best By" dates. And Richard being Richard, this reminded him of the time-sensitive documents for SBA lending. Read on ... Richard goes beyond the label with some Best Practices.
FROM ALEX @ JRB … EAST COAST SBA LENDERS: MEET UP WITH ME @ AMERICA EAST! STOP BY OUR BOOTH!!
East Coast Lenders: Attending America East? Stop by J.R. Bruno's booth and meet up with JRB Principal Alex Liberchuk.
FROM RICHARD @ JRB … WORKING FOR A NEW LENDER: GOT SOME OLD SBA CARRY-ON BAGGAGE? TIME TO CHECK IT AT THE DOOR?
Are you bringing old carry-on baggage when you begin working for a new SBA lender? JRB Senior Associate Richard Jeffrey shows you why sometimes checking that old baggage at the door is a good idea.
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