eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
SBA LENDERS: AUTUMN IS HERE, SO CHANGES ARE COMING – REFLECTIONS FROM REBECCA AND SOME ‘TOOLS OF THE TRADE’
"Without continual growth and progress, such words as improvement, achievement, and success have no meaning." −Benjamin Franklin It’s October, so autumn is here for real, even if the leaves aren’t turning color where you are. [...]
FROM RICHARD JEFFREY @ J.R. BRUNO … SEE YOU AT NADCO’S ANNUAL MEETING OCTOBER 16-18 IN FORT LAUDERDALE!
It’s time for another NADCO Annual Meeting and, as always, I’m looking forward to it. The meeting is a wonderful opportunity to catch up with old friends and colleagues, meet new ones, and swap stories [...]
LOAN REVIEWS: PART OF YOUR ANNUAL BUDGET DISCUSSION? THEY SHOULD BE. HERE’S WHY!
We’re into the 4th Quarter so about now you’re conducting annual budget discussions and strategic planning for the next fiscal year. At the same time, you should be scheduling internal loan reviews in preparation for [...]
JRB e ALERT! TYING THE KNOT: UPDATED SBA FORM 159 UNITES 7(a) AND CDC/504 PROGRAMS
SBA Form 159 (7a) and SBA Form 159(504) are now a couple – wedded into one document titled SBA Form 159, Fee Disclosure and Compensation Agreement, which will serve both programs. With an eye to [...]
JRB’S LORI MC CAUSLAND: ON BOARD FOR 5-PLUS YEARS – AND STILL ENJOYING THE RIDE!
I’m a “look forward” kind of person, so reflecting on the past isn’t really my thing. But I guess my 5-plus years with J.R. Bruno & Associates gives me a reason. It’s been an amazing [...]
SBA’S ‘ALL APPROPRIATE INSURANCE’ REQUIREMENT … WHAT’S ‘APPROPRIATE’ INSURANCE? WELL, THAT’S EASY.
At JRB, we perform annual loan reviews for lenders across the country. Yet often we get questions from lenders asking why their reviewer criticized one thing or another – even if we’re not performing their [...]
USING AN SBA LOAN TO REFINANCE BUSINESS DEBT: EASY TO DO? ASK JRB!
Is debt refinancing with SBA an easy do? Yes. And no. Using simple prudent lending practices, some common sense, and information from SBA’s SOPs, it’s not difficult. First things first. One quick answer: Refinancing past [...]
FROM RICHARD JEFFREY @ JRB … SBA’S INF0 NOTICE ON FY 2019 504 FEES – IN PLAIN ENGLISH!
Whenever SBA sends out a new notice or issues a new reg, our JRB Team gets busy. Lately, we’ve been real busy answering questions about the new Information Notices regarding SBA loan fees for the [...]
HEY, SBA LENDERS! NEW 7 (a) WIZARD AND REVISED 504 FORMS
The new SBA 7(a) Authorization Wizard 2018 is available for lenders to download. Revised 504 SBA forms 1504 and 1505 are available too. These forms are updated to reflect the 25-year debenture.
JRB e ALERT! SBA LENDERS: NEW SBA 7 (a) FEES EFFECTIVE 10/1/18
Quick reminder: Concurrent with SBA’s new fiscal year, SBA Information Notice 5000-180010 announces the 7(a) loan fee schedule, effective October 1, 2018 for Fiscal Year 2019. In a change from the past few years, there [...]
FROM RICHARD JEFFREY @ JRB … DOING THE MATH … HOW MUCH LIFE INSURANCE FOR A 504 LOAN?
It’s easy to determine when you need to take an assignment of life insurance as collateral for a 504 loan. The SOP is clear: “Life insurance is required for the principals of sole proprietorships, single [...]
SBA ISSUES NEW ‘PERSONAL FINANCIAL INFORMATION STATEMENT’ FORM 413 EFFECTIVE JULY 24, 2018
Heads up SBA Lenders: Information Notice 5000-180009 issued July 24, 2018 announces an updated Personal Financial Information Statement Form 413 and the new form’s continued use through March 31, 2021. Updates include: Change to the [...]
FROM RICHARD JEFFREY @ JRB … MAKING RURAL LOANS EASIER: SBA’S NEW PILOT PROGRAM
Keeping track of changes in SBA lending programs is one of the more interesting things we do at JRB. It’s one important way we’re much more than back office support for our clients. They expect [...]
SBA UPDATES THE LENDER PORTAL!
SBA Information Notice 5000-180007 effective June 28, 2018, announces key additions to the Office of Credit Risk Management’s (OCRM’s) Lender Portal for 7(a) lenders and CDCs. The Portal’s enhancements and updates will increase an SBA [...]
STARS, STRIPES AND JRB – WE’RE HEADED FOR D.C.! AMERICA EAST CONFERENCE FOR SBA LENDERS AUGUST 1-3
We're meeting up with SBA lenders and industry leaders from up and down the Eastern Seaboard at this year's America East, August 1-3. As always, America East is a great opportunity to network with peers [...]
FROM RICHARD JEFFRY @ JRB … Q: DO OUR ANSWERS PRODUCE NEW QUESTIONS? A: YEP. IT’S HOW WE ROLL!
Our client Q&A sessions just keep rolling! Answers to questions often draw new questions from other clients. Recently we answered a question about a business that was owned more than 50% by a citizen of [...]
MARIJUANA REVISITED – SBA NOT BLOWING SMOKE!
Hot-Button Issue Getting Hotter! SBA means business. Back in March we alerted you to SBA’s first-time language addressing retail marijuana-businesses. See SOP 50 10 5 (J) (1/1/18). Subpart B, Chapter 2, V. Eligible Use of [...]
HAPPY 4TH OF JULY!
From Sea to Shining Sea … Happy 4th From All of Us at JRB!!
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