eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
FROM ALEX @ JRB … EAST COAST LENDERS: CHANGES ARE COMING, CHANGES ARE COMING! MEET UP WITH ME IN BOSTON @ AMERICA EAST ’23.
JRB is coming, JRB is coming! The America East Conference '23 in Boston promises to be chock full of issues important to SBA lenders. Attending such conferences as America East helps give the JRB Team tools to provide the latest information and the best possible service.
FROM RICHARD @ JRB … SINGIN’ FOR THE FRANCHISE DIRECTORY: ‘YOU DON’T KNOW WHAT YOU GOT ’TIL IT’S GONE’
Survival without the Franchise Directory? JRB Sr. Associate Richard Jeffrey reviews key issues to consider when lending to a franchise.
FROM RICHARD @ JRB … GETTING TECHNICAL HERE: INCLUDE THE EPC IN THE AFFILIATION ANALYSIS FOR AN EPC/OC LOAN? CLEARING IT UP.
Looking at EPC/OC loans: Include the EPC in the affiliation analysis? JRB clears it up!
FROM RICHARD @ JRB … SPRINTING TO THE NEW SOP: IS YOUR LOAN POLICY IN COMPLIANCE? BETTER CHECK IT OUT!
Hurry! Quick!! Take a look at your loan policy. Changes are comin' in the new SOP. Make sure you're up to speed. JRB Senior Associate Richard Jeffrey takes you thru a couple scenarios.
FROM RICHARD @ JRB … IS SOP 50 10 7 WRITTEN IN STONE? WELL, NOT QUITE. TECHNICAL CHANGES ARE COMING!
Got eye strain from reviewing SOP 50 10 7? Seen some inconsistencies? Many changes, so it's understandable. SBA's got it covered. Watch for technical changes to start rolling out any day now.
FROM RICHARD @ JRB … SBA’S REQUIRED DEBT SERVICE COVERAGE: HOW MUCH IS ENOUGH? WELL, I’LL TELL YOU
Just how much debt service coverage does SBA require? The agency doesn’t impose one ratio that fits all, says JRB Senior Associate Richard Jeffrey. Read on ...
FROM RICHARD @ JRB … PARTNERSHIP BUYOUTS CAUSING YOU ANXIETY? RELIEF IS ON THE WAY: SOP 50 10 7 TO THE RESCUE!
FROM JRB ... Breaking up hard to do? SOP 50 10 7 Gives relief to partnership buyouts for buyers, sellers and lenders.
FROM RICHARD @ JRB … IS PROPERTY INSURANCE ‘ALL BUTTONED UP’ IN YOUR LOAN PORTFOLIO? MAYBE. MAYBE NOT. BETTER CHECK!
Are you sure insurance is "all buttoned up" in your loan portfolio? Check out these 3 Common Errors. And clean 'em up before the next independent loan review – or worse, regulatory review! – finds one or more!!
FROM RICHARD @ JRB … QUESTIONS, WE GET QUESTIONS: IS THE PERSONAL RESOURCES TEST DUE FOR A COMEBACK?
At JRB, we still get asked: How much personal liquidity does SBA consider "excessive?" Is this hangover from good ol' Credit Elsewhere still hanging around? Just to be sure. JRB Senior Associate Richard Jeffrey takes a deep dive into SOP waters ... 50 10 6 ... And 50 10 7.
JRB eAlert! FROM YOUR JRB WEBINAR TEAM … JRB’s SOP WEBINAR SERIES POSTPONED! HERE’S WHY …
eAlert! FROM YOUR JRB SOP WEBINAR TEAM ... We're postponing our SOP Webinar series so we can analyze -- and better address -- the issues surrounding SOP 10 7. Stay tuned for our new Schedule!
FROM RICHARD @ JRB … SBA’S NEW REGULATORY CHANGES: CA SBLC IMPLEMENTATION BEGINS!
SBA CA SBLC implementation begins! JRB Senior Associate Richard Jeffrey walks you through the alphabet soup.
FROM RICHARD @ JRB … CFPB FINAL RULE CHANGES SMALL BIZ DATA COLLECTION LANDSCAPE
CFPB Final Rule: How Modifications to Dodd-Frank Could Affect You. JRB Senior Associate Richard Jeffrey takes you through it.
FROM RICHARD @ JRB … ‘GREEN, GREEN, IT’S GREEN THEY SAY.’ SBA GREEN LIGHTS EXCEPTION TO THE ‘THREE GREEN LOANS’ LIMIT
SBA green lights exception to the "three green loans" limit. But it's not automatic. JRB Senior Associate Richard Jeffrey tells you how it works.
FROM RICHARD @ JRB … SBA’s FINAL RULES KEEP POURING IN. THE LATEST: NO MORE LOAN AUTHORIZATION REQUIREMENT. REALLY? READ ON …
Like April showers, new SBA loan regs keep pouring in. The latest two take effect in mid-May and look to significantly reshape the scope of SBA lending.SBA guru, JRB Senior Associate Richard Jeffrey, takes you through the Final Rules, published in the Federal Register April 10, 2023 and 12, 2023.
FROM YOUR TEAM @ JRB … CELEBRATING SBA: NAGGL’S SPRING CONFERENCE AND NATIONAL SMALL BUSINESS WEEK ’23
Meet us in St. Louis! NAGGL'S Spring Conference 2023, April 24-26, looks to be a dynamite event ... with new regulations going into effect -- and an updated SOP on the horizon. Then there's SBA's National Small Business Week '23 April 30-May 6... a great time for SBA lenders to reach out to the small businesses in their communities.
FROM RICHARD @ JRB … ‘WELL, MAYBE NEXT YEAR’ … IS HERE. SBA ISSUES IMPORTANT CHANGES TO REGS FOR SBA 7(a), 504 LOANS. OUR TAKE.
The regs are here! JRB's Richard Jeffrey takes you through key provisions in SBA's updated regulations for the 7(a) and 504 loan programs. All are effective May 11, 2023.
FROM RICHARD @ JRB … ALL ABOUT REQUIRING FINANCIALS FROM AN APPLICANT’S SPOUSE. HOW ABOUT IT?
At JRB, one of our challenges as SBA consultants is explaining the Agency’s requirements in an intelligible manner. After I’ve explained a requirement and our client says, “Oh I see,” I have a tremendous sense [...]
FROM RICHARD @ JRB … GOT A NON-U.S. CITIZEN LOOKING FOR AN SBA LOAN? LET’S TALK ABOUT IT.
Can non-U.S. citizens get SBA loans? JRB Senior Associate Richard Jeffrey clears it up and tells you how non-citizen-owned businesses can apply for SBA loans. Spoiler Alert: Color it Green. Of course there's more to it. Read on ...
FROM RICHARD @ JRB … SBA PROCEDURAL NOTICE 5000-844866: LOST IN THE TRANSLATION? TAKE HEART!
Got it? Well, maybe. JRB Senior Associate Richard Jeffrey takes you through SBA Procedural Notice 5000-844866.
FROM RICHARD @ JRB … SELLING 7(a) LOANS ON THE SECONDARY MARKET: WHEN IS A GOOD TIME? WHAT ARE THE RISKS?
At JRB, our clients often call us with “should we, or shouldn’t we?” questions. We got a call the other day from Jean, a loan officer I know pretty well. Her institution has been looking [...]
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