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 … CHANGES TO SBA’S APPRAISAL REQUIREMENTS. YOU THOUGHT IT WAS SO SIMPLE!
Ever since federal regulators changed the real estate appraisal threshold from an estimated value of $250,000 to $500,000, SBA lenders have had to explain that although the financial institution may not require an appraisal on [...]
FROM RICHARD JEFFREY @ JRB … ‘GREEN 504’ SPROUTS NEW LOANS – AND ANOTHER QUESTION!
Wow. When I started talking about Green 504 loans, I had no idea how fast lender interest would grow. Green 504s are a great growth opportunity. Yet, rules governing Green 504s are somewhat tightened under [...]
FROM REBECCA MENDOZA @ JRB … NEW SOP: OUR TAKE – ROUND 1
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 [...]
FROM RICHARD JEFFREY @ JRB … NEW SOP AND GREEN 504 LOANS: HOW GREEN IS GREEN?
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 [...]
FROM REBECCA MENDOZA @ JRB … LESS IS MORE? NOPE. MORE IS MORE WITH SBA CAMS!
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 [...]
FROM RICHARD JEFFREY @ JRB … NEW SOP: A BOX OF CHOCOLATES!
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 [...]
NEW SOP: AT LONG LAST − IT’S HERE!
Our long wait is over. SBA Information Notice 5000-19004 announces the arrival of SOP 50 10 5 (K), Lender and Development Company Loan Programs. There’s a lot of new info! The Information Notice summarizes the [...]
JRB’S SILVER CELEBRATION! 25 YEARS OF SERVICE TO THE BUSINESS LENDING COMMUNITY!!
“Give a man a fish and you feed him for a day. Teach him how to fish and you feed him for a lifetime.” We're celebrating a significant milestone at JRB: 25 years of continued [...]
FROM RICHARD JEFFREY @ JRB … DEALING WITH THE ELEPHANT IN THE ROOM: THE SHUTDOWN
Elephant in the Room: The thing nobody wants to talk about. So let’s talk about it. A huge elephant, taking up wall-to-wall space and sucking up all the air, The U.S. government shutdown. At JRB, [...]
NEW YEAR. GREAT PLANS … OR SO WE SAY!
New Year, Great Plans! I don’t know if you’re like me. I start off each year with great plans and resolutions and by the end January I’m holding tight to one or two because I’ve [...]
FROM RICHARD JEFFREY @ JRB … QUESTION OF THE DAY: CAN SBA FUNDS PAY OFF A SHAREHOLDER LOAN?
I got this question just this morning. It’s a knotty one! Let’s untangle the issues and see what kind of solution we can reach. Q: Hi, Richard. Here's my question of the day. I got a [...]
LIQUIDATIONS: RESOLVE TO KEEP THINGS IN ORDER … YEAREND TIPS FROM REBECCA
No doubt about it. Liquidations can be stressful. Each is its own “elf on the shelf” so to speak and takes time and concentration to navigate. This isn't easy while you’re generating new loans and [...]
FROM RICHARD JEFFREY @ JRB … CONSTRUCTION LOAN INTEREST AN ELIGIBLE PROJECT COST? ELEMENTARY, DEAR LENDERS? WELL, IT DEPENDS.
I always enjoy getting questions from CDC lenders. They give me a chance to see case study examples of what’s going on day-to-day. Sometimes their situations take twists and turns. Then, like Sherlock Holmes, I [...]
GOING ‘GREEN 504’ COULD SEAL THE DEAL. HERE’S HOW!
At JRB we deal with all sorts of SBA lenders including CDCs, so we frequently get calls from 7(a) lenders looking to structure a 504 loan. This situation came in recently: Q: Richard, I have [...]
BIG NEWS @ NAGGL! PROPOSED AFFILIATION RULE COMMENT PERIOD EXTENDED. CALL TO ACTION: LET YOURSELF BE HEARD!!
Lots of action at this year's NAGGL Annual Conference and lots to think about, with changes in SBA lending discussed at every Breakout Session. One of the BIGGEST and the one with a call to [...]
FROM ALL OF US @ JRB … HAPPY THANKSGIVING!
On Thanksgiving Day … We face many questions. Baste or brine? New recipe or tried and true? It’s halftime. Carve the turkey? Of course there’s a lot more to it. All across America we pause [...]
JRB eAlert! IT’S SMALL BIZ SATURDAY NOVEMBER 24th!
Tell your friends … Reach out to your local small businesses!! “Do what you do well so that they will see it and want to bring their friends.” −Walt Disney Think Big. Shop Small.® Tell [...]
SBA 504 HOTEL LOANS: DOWN BUT DEFINITELY NOT OUT. ‘NO MORE HOTELS’ RUMORS ARE EXAGGERATED!
The Rumor. Chances are you’ve heard what I have: “SBA has shut down lending to hotels.” That’s the buzz I hear when I get together with other 504 lenders. But wait. There’s been nothing official [...]
JRB e ALERT! NAGGL’S ANNNUAL SMALL BUSINESS LENDING CONFERENCE NOVEMBER 13-15 ∙ SAN DIEGO ∙ THE PLACE TO BE! STOP BY OUR JRB BOOTH #77
NAGGL’s Annual Small Business Lending Conference has long been a state-of-the-art gathering for small business lenders, lender service providers, federal legislators, and SBA leadership. This year’s sold-out conference is again the place to be NAGGL [...]
FROM RICHARD JEFFREY @ JRB … WRAPPING UP NADCO’S ANNUAL MEETING
Networking with so many 504 professionals is one of the things I enjoy most at NADCO’s Annual Meeting. We had a pretty steady stream of visitors at the J R Bruno booth, with a lot [...]
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