JRB eBulletins: Must Reads for SBA & Business Lenders!
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Well, it’s here. At first glance SOP 50 10 5 (K) is loaded with changes. On review, many of them aren’t new, just incorporations of past Notices to 50 10 5 (J.) That said, here are a few items that are new or that we feel worthy of a reminder, [...]
Q: Hi Richard. Thanks for your eBulletin updating us on SOP 50 10 5 (K). I always appreciate your keeping 504 lenders in the loop. In this latest eBulletin you mentioned changes to provisions in the Energy Pubic Policy goal, changing the threshold from 10% to 15%. My question: What [...]
Note: New SOP 50 10 5 (K) is out and is effective April 1, 2019. We’re knee deep in analyzing the major changes with a focus on 7(a) lending. Stay tuned for our analyses over the next few weeks. Your Credit Memos Need to Cover All the Bells and Whistles [...]
The first SOP I ever reviewed was thin, about 24 pages. We’ve had at least 16 versions since then, with new SOP 50 10 5 (K) coming in at a whopping 426 pages including the appendices. I get excited every time a new SOP is issued. As Forest Gump said, [...]
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