JRB eBulletins: Must Reads for SBA & Business Lenders!
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FROM RICHARD JEFFREY @ JRB … WELCOME THE NEW 504 REFI RULE: SIGNIFICANT CHANGES OFFER MORE REFI OPPORTUNITIES, TRIGGER REVISIONS TO SOP 50 10 6
I’m loaded with information: SBA’s long awaited Final Rule for 504 Debt Refinancing is here. The new rule was posted on the Federal Register on July 29 and is effective immediately. It contains significant changes and eliminates several limitations, making it easier for us to do our jobs – and [...]
FROM PAUL @ JRB … SBA FORM 413: PERSONAL FINANCIAL STATEMENT ─ NEW AND IMPROVED! ONE SIZE FITS ALL
Simple. We like simple. We like all-inclusive when it comes to vacation packages, we like bundles when it comes to insurance policies, and we like one price covering “all you can eat” at a brunch buffet. Now, SBA has released a new Form 413, designed to make things simple for [...]
FROM RICHARD @ JRB … GOOD NEWS: YOU’RE BUSY. WE ARE TOO. SO WE’VE EXPANDED OUR UNDERWRITING TEAM
FROM RICHARD @ JRB ... Good News: You're busy. We are Too. You’re keeping us so busy that we’ve added more underwriters and another processer to our team, with maybe more on the way.
FROM PAUL @ JRB … INSURANCE: WHEN IS ENOUGH, ENOUGH? WHEN IT’S ‘APPROPRIATE,’ SUPPORTED AND DOCUMENTED
Insurance: When is enough, enough? Key: Make sure that "all appropriate requirements" are met! JRB Associate Paul Baker takes you through your paces.
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