eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
FROM RICHARD @ JRB … HOLIDAYS ARE ON THE WAY – SAME FOR YEAREND RISK RATINGS! BAH HUMBUG!!
It’s Thanksgiving time. Almost, anyhow. Yep. Soon folks will decorate their offices for the holiday season. Then on with the office parties and other holiday events for you and your staff. Your break room will [...]
FROM REBECCA @ JRB … NAGGL CONFERENCE UDATE: OUR TAKE
NAGGL in the Big Easy: Time well spent October 28-30. As always NAGGL was information-packed but the most common thread was “COMING SOON.” Here’s an SOP update: SOP 50 10 6 is in the review [...]
FROM RICHARD @ JRB … 504 PROGRAM CHANGES: SPIKING THE BALL? WATCH OUT FOR ‘ON-FIELD REVIEWS’ – AND UPDATE YOUR POLICIES!
About now, you’re celebrating changes to the 504 program over the past year. Feels like touchdowns and two-point conversions. For starters, the SOP no longer requires an Independent Loan Review every year. Now, loan reviews [...]
FROM REBECCA @ JRB … ANNUAL LOAN REVIEWS: NOW’S THE TIME!
“The time to repair the roof is when the sun is shining.” ― John F. Kennedy JFK had a point there. Drip. Drip. Drip. It’s a little late to fix the roof when there’s water [...]
FROM RICHARD @ JRB … AFTER NADCO: PLAYING THE WAITING GAME
There’s always a lot of fun and camaraderie at NADCO’s Annual meeting. This year was no exception. And this year we introduced JRB team member Senior Associate Lori McCausland to NADCO. She's a long-time JRB [...]
JRB e ALERT! NAGGL’S SMALL BUSINESS LENDING CONFERENCE OCTOBER 28-30 NEW ORLEANS ∙ THE PLACE TO BE ∙ STOP BY OUR BOOTH #78
We’re headed for The Big Easy! NAGGL’s Annual Small Business Lending Conference meets in New Orleans, Oct., 28-30. We’re jazzed. NAGGL is the long-time state-of-the art gathering for great networking and information from “SBA World” [...]
SPECIAL NADCO ALERT! FROM RICHARD @ JRB … SEE Y’ALL IN NASHVILLE!!
Greetings from Music City! Y’all put your hands together for a great NADCO Annual Meeting. We’re in Nashville and our JRB booth is all set up. So drop on by Booth 207 in the Exhibit [...]
FROM RICHARD @ JRB … SBA 504 FEES: EASY AS 1, 2, 3? ASK US!
It happens every year about now. SBA sends out a notice, and immediately lenders ask us to translate it into ordinary English. At JRB we’re multilingual: We speak ordinary English and Bureaucrat-ese. Here goes: Q: [...]
FROM RICHARD @ JRB … WHAT’S WITH CHANGE OF OWNERSHIP? DIGGIN’ DEEP INTO THE SOP: LET’S TALK!
Every now and then Julie calls me. She’s a long-time veteran of the SBA world, so usually we just swap war stories. But the other day she asked me a question. I’ll bet you’ve had [...]
FROM REBECCA @ JRB … PLANNING FOR GROWTH: TOP 5 KEYS TO SBA LENDING SUCCESS
About now, your institution is in strategic budget planning sessions for the next fiscal year. You’re taking a look at your lending portfolio as part of the process and making important decisions: Expand your portfolio? [...]
FROM REBECCA @ JRB … ELIGIBILITY: PROTECTING YOUR GUARANTY – KEY TO WINNING THE RACE … FROM THE GET-GO TO THE VICTORY TAPE
Sometimes I think taking an SBA loan from origination to funding is like running in a track meet. Lots of hurdles and stumbling blocks along the way to crossing the finish line --- and taking [...]
SPECIAL JRB INVITATION! SBA 504 LOAN CLOSING TRAINING WITH JAN GARLITZ
JRB is Hosting 504 Loan Closing Training! Learn from the Best: SBA 504 Expert Jan Garlitz will conduct all-inclusive 3-Day in-person Loan Closing Training Sept. 23-25, 2019. You'll be fully equipped to close SBA 504 loans! We're excited [...]
FROM RICHARD @ JRB … LESSONS LEARNED FROM AN ‘OLD MASTER’ – DON’T WAIT FOR THE APPRAISAL: DO THE LEG WORK!
I learned commercial lending from an experienced lender whose gray hair matched his suit. I was sure he was lending before the crash of ’29. You get the picture. Man of the old school. I [...]
FROM REBECCA @ JRB … EARLY SBA LOAN DEFAULT: WHEN AND HOW DOES IT HAPPEN? HOW CAN YOU PREPARE?
A loan that looked good goes sour. What triggers early default? Several factors can contribute: The borrower fails to make a scheduled loan payment. A scheduled loan payment is made with proceeds from the sale [...]
FROM REBECCA @ JRB … PLAYING DOMINOS: ANALYZING AND DOCUMENTING SERVICING ACTIONS
Calling all JRB followers! If you’ve attended the J.R. Bruno Servicing Training sessions we hold for new clients, spoken with me at a conference, or read a past ebulletin on servicing you’ve heard me say [...]
FROM RICHARD @ JRB … PRESTO! MAGIC FORMULA FOR DETERMINING REQUIRED LIFE INSURANCE
Sometimes I get questions asking for some magic on my part. Or sometimes they ask me to solve a mystery and indulge my sense of fun at the same time. This question made me smile: [...]
FROM REBECCA AND LORI @ JRB … LIQUIDATIONS: NEVER TOO SOON TO PREPARE!
Every SBA loan begins with high hopes. Nobody likes to think that servicing and liquidation could be lurking down the road. Then, well. It’s scramble time. So when should you begin to prepare for liquidation [...]
SBA SMALL BUSINESS WEEK MAY 5-11, 2019
SBA’s Small Business Week officially kicks off in Washington D.C. with award ceremonies on May 5 followed by weeklong online and local events across the country. Now’s the time to reach out to local small [...]
FROM REBECCA MENDOZA @ JRB … SOP 50 10 5 (K) ROUND 2!
Well it’s here. SBA’s SOP 50 10 5 (K) is effective as of April 1, 2019. It’s loaded with changes, updates and clarifications. Many provisions are new and many are reinforcements of changes already incorporated [...]
FROM RICHARD JEFFREY @ JRB … CLEARING THINGS UP! CHANGES TO SBA’S APPRAISAL REQUIREMENTS
Well, I said things aren’t simple! Last week’s eBulletin addressing changes to SBA’s appraisal requirements for 7(a) and 504 loans triggered a question from a savvy reader. I appreciate the feedback. SBA’s Policy Notice 5000-19007 [...]
Got questions about SBA Lending?