eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
FROM RICHARD JEFFREY @ JRB … CARRYING ON: RISK RATING IN OUR TIME
Well here we are. It’s almost May. Traditionally, May 1st is marked in many ways around the world, including the related International Labour Day. For us in SBA lending, May 1st is a special day [...]
FROM REBECCA @ JRB … ‘IN THE ABSENCE OF GUIDANCE …’ SERVICING EXISTING LOANS DURING SOCIAL DISTANCING: WHAT’S A LENDER TO DO?
Our lives have gone topsy-turvy in just weeks. Catch phrases and acronyms like PPP, Forgiveness, and tragically, COVID-19 are now part of our everyday vocabulary. Yet from my perspective, one of the most interesting phrases [...]
FROM RICHARD @ JRB … SBA FLOODED WITH FRANCHISES? DIVING INTO THE FRANCHISE DIRECTORY
It’s been a while since we looked at franchises. With all the news about PPP, EIDL, deferments and the like, nothing else is happening with SBA lending, right? That’s what I thought, until I got [...]
FROM REBECCA @ JRB … THE CARES ACT PPP: WHAT WE KNOW, WHAT’S YET TO KNOW
There’s so much going on in our personal and professional lives. Words are added to our everyday vocabulary: coronavirus, social distancing, personal protective equipment. Not to mention the challenges of adjusting to working from home [...]
FROM RICHARD @ JRB … RETRO REGS: WHEN OLD IS NEW AGAIN
In this environment, things are moving fast. So it should be no surprise that our communications noting changes to SBA regulations don’t last longer than the time between JRB eBulletins. So it is with the [...]
FROM REBECCA @ JRB … CALM IN THE FACE OF THE STORM
The Age of Coronavirus is upon us. Our concerns for health and well-being are universal. Now more than ever, our communities need calm in the face of the storm. For America’s small businesses, it’s critical [...]
FROM RICHARD @ JRB … DÉJÀ VU ALL OVER AGAIN. AGAIN? AFFILIATION RULES REVISITED
Another look at SBA Notice 5000-20003. Like most SBA lenders, you’ve probably been focused on the Return of the Personal Resource Test. It’s big news. Yet there’s more to SBA Notice 5000-20003. Bet you noticed [...]
FROM RICHARD @ JRB … THE PERSONAL RESOURCES TEST: DÉJÀ VU ALL OVER AGAIN?
Here I go. Looking to an ancient sage for answers. Heraclitus, the Greek philosopher, is credited with saying "No man ever steps in the same river twice, for it's not the same river and he's [...]
FROM REBECCA @ JRB … LIQUIDATIONS KEEPING YOU OFF BALANCE?
It’s a given: Liquidating SBA loans is stressful for any lender. It’s time consuming too. If you’re a small institution with a small department, liquidations can be overwhelming. We’ve all been there. With a one- [...]
FROM RICHARD @ JRB … CHECK OUT SBA’S TAX TRANSCRIPT REQUIREMENTS
President’s Day Weekend. How did you spend it? Time was, I did my taxes. Then I realized this was the last long weekend before Memorial Day – and before Tax Season officially kicked off. So [...]
FROM REBECCA @ JRB … ROOM AT THE INN? THE SCOOP ON HOTEL/MOTEL PURCHASES
This issue has come up during recent client loan reviews. So it’s worth addressing here. We often see hotel/motel acquisitions treated as commercial real estate purchase transactions. Yet SBA considers them business acquisitions with real [...]
FROM REBECCA @ JRB … KEEPING INFORMED: STAY UP ON SBA FORMS
With a new SOP around the corner, we’ve heard rumblings about changes to the SBA forms we all use. We’ve also learned that OCRM is performing targeted reviews of Form 159 with some lenders. In [...]
FROM RICHARD @ JRB … WHAT’S A BUILDER TO DO? FIRST OFF, DON’T RUN OUT OF PATIENCE!
With a nod to Ricky Ricardo, often JRB reader questions need lots of ‘splainin’. Like this one that came in the other day. Hang in there: Patience Lender. Richard, SBA is so inconsistent! Last year [...]
FROM REBECCA @ JRB … ALL IN ALL, A GOOD DECADE. LET’S LOOK FORWARD TO THE NEXT 10 YEARS!
Farewell, 2010s. All in all: a pretty good decade. Over the past 10 years, we’ve seen slow but steady economic improvement, along with several developments on the SBA front: a new SBAOne platform, various versions [...]
FROM RICHARD @ JRB … THOUGHT FOR THE NEW YEAR … ‘IT TAKES TIME TO SAVE TIME!’
Ah, all those thoughts for the new year … we resolve to work more efficiently, to save paperwork, and work smarter, not longer. The adages go on and on. Here’s a thought: Sometimes a short [...]
FROM ALL OF US @ JRB … HAPPY NEW YEAR!!
Happy New Year! “Write it on you heart that every day is the best day in the year.” −Ralph Waldo Emerson It’s almost 2020! Lights are shining on Main Street. Let’s rejoice in [...]
FROM RICHARD @ JRB … I’M HAUNTED BY THE GHOST OF A PROJECT PAST – IN A GOOD WAY!
With apologies to Charles Dickens, the Ghost of Project Past appeared to me recently and helped me solve a very real situation in the present: A client had just turned to me for help in [...]
FROM REBECCA @ JRB … THE ‘EYES’ HAVE IT – OIG’S OVERSIGHT OF HIGH-RISK LENDERS: A HARD LOOK AT SBA’S OCRM
We’ve all caught the headlines in our email: OIG’s Audit of SBA’s Oversight of High-Risk Lenders, published last month, sure got our attention. Big news: OIG came down hard on OCRM regarding its oversight of [...]
FROM RICHARD @ JRB … GEARING UP TO REFINANCE EQUIPMENT LOANS IN AN EXPANSION: IT’S NO EASY FIX!
Q: Richard: Quick question. Our customer wants a 504 loan to buy a new building. When I looked at the long-term debt schedule, I saw a bunch of equipment loans with variable interest rates and [...]
HAPPY THANKSGIVING! FROM ALL OF US @ JRB!!
On Thanksgiving Day … “Be present in all things, and thankful for all things” Maya Angelou Thanksgiving is almost here. You know Thanksgiving. It’s in that parade of holidays on the heels of Halloween. Yet [...]
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