eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
FROM RICHARD @ JRB … COLORADO CALLS. AND WE ANSWER – ‘YES, WE’LL BE THERE FOR NADCO’S NOW CONFERENCE NOV. 14-17!’
JRB will soon pack up and head for Colorado's Rocky Mountains and NADCO's Now Conference, November 14-17. NADCO is always an important conference for the CDC/504 industry. Attendees: Stop by our booth to discuss how J.R. Bruno can help your CDC grow in expertise and volume.
FROM RICHARD @ JRB … THE FEES ARE COMING, THE FEES ARE COMING. LET’S TALK ABOUT ’EM
The Fees are Coming, and Soon ... JRB Senior Associate lays into his coverage of the upcoming FY23 7(a) fees. Check out this first of his JRB eBulletins answering the questions, "What's New?"
FROM RICHARD @ JRB … THE CASE OF THE LIENING HOUSE: SOLVING THE CASE AND RESOLVING TWO MYSTERIES
JRB Senior Associate Richard Jeffrey solves The Case of the Liening House. Can a house be pledged as collateral for a commercial loan? Can a house listed for sale be listed as collateral for a commercial loan? Elementary, dear lenders.
FROM RICHARD @ JRB … HAVE YOUR BORROWERS HEARD FROM THE INSPECTOR GENERAL LATELY? IF NOT, LIKELY THEY WILL. IT’S ABOUT YOUR PPP AND EIDL LOANS.
The Inspector General calling your borrowers? It's happening. It's about your PPP and EIDL loans. JRB Senior Associate gives you the skinny on the federal legislation that extends the statute of limitations on fraud-related PPP and EIDL loans. Best to be prepared so you can inform your borrowers when they call you!
FROM RICHARD @ JRB … SBA LOAN RISK RATING: EASY AS THE ‘5 C’s OF CREDIT’ … OR ASSIGN YOUR OWN RATING NUMBERS?
Risk Rating: By the numbers according to your Policies & Procedures. How it works: JRB Senior Associate Richard Jeffrey takes you through it.
FROM RICHARD @ JRB … WHY IS SBA DEBT REFI SO HARD? WAYS TO MAKE IT NOT SO HARD. READ ON …
Why is debt refi so hard? JRB Senior Associate Richard Jeffrey's late-night chat with a bunch of lenders takes you through the "What ifs?" -- helping make it not so hard.
FROM RICHARD @ JRB … IMPORTANT: IT’S CRITICAL TO IMPLEMENT SBA PROCEDURAL NOTICE 5000-825230. HERE’S WHY …
"Important" and "Critical" in the same headline? JRB Senior Associate Richard Jeffrey shows you why implementing SBA Procedural Notice 5000-825230 is both. Hint: Timely loan funding is involved.
FROM RICHARD @ JRB … SBA 504 FEES FOR FY23: BIG CHANGES – IS THERE A CHANCE THE SKY IS FALLING?
Is the sky falling? With hikes in SBA's 504 FY23 fees, should we be like Aesop's Henny Penny? Will Foxy Loxy eat us up in fees? Not to worry, says JRB Senior Associate Richard Jeffrey.
FROM RICHARD @ JRB … ABOUT LTVs AND LEGAL FEES – FOREWARNED IS …. WELL YOU KNOW!
How can lower LTV's and possible higher legal fees affect you? JRB Senior Associate Richard Jeffrey takes a close look at a recent SBA Notice with a looong title, and important substance wrapped up in two pages.
FROM RICHARD @ JRB … STALE DATES AND SPILLED MILK: HOW DO THEY RELATE TO SBA LENDING? READ ON …
Stale Dates, Spilled Milk -- and SBA Lending? JRB Senior Associate Richard Jeffrey rummaged through his pantry, tossing out canned stuff that had exceeded their "Best By" dates. And Richard being Richard, this reminded him of the time-sensitive documents for SBA lending. Read on ... Richard goes beyond the label with some Best Practices.
FROM ALEX @ JRB … EAST COAST SBA LENDERS: MEET UP WITH ME @ AMERICA EAST! STOP BY OUR BOOTH!!
East Coast Lenders: Attending America East? Stop by J.R. Bruno's booth and meet up with JRB Principal Alex Liberchuk.
FROM RICHARD @ JRB … WORKING FOR A NEW LENDER: GOT SOME OLD SBA CARRY-ON BAGGAGE? TIME TO CHECK IT AT THE DOOR?
Are you bringing old carry-on baggage when you begin working for a new SBA lender? JRB Senior Associate Richard Jeffrey shows you why sometimes checking that old baggage at the door is a good idea.
FROM RICHARD @ JRB … ‘THERE’S A FIRST TIME FOR EVERYTHING,’ SO THEY SAY: 7(a) MAXIMUM INTEREST RATES CHANGE. CDC/504 LENDERS: HERE’S GOOD FYI.
"A First Time For Everything ... JRB Senior Associate Richard Jeffrey takes you through the 7(a) maximum interest rate changes.
FROM RICHARD @ JRB … 504 LENDING NEWSFLASH: ALP EXPRESS PROGRAM HAS BEGUN. COULD BE A GOOD THING. A VERY GOOD THING.
Wanna Be an ALP Express Lender? SBA's Accredited Lenders Program (ALP) Express has begun and is running on schedule. What's ALP Express? Well, it could be a very good thing for CDCs/504 lenders. Hop on the ALP Express! JRB Senior Associate Richard Jeffrey is your guide.
FROM RICHARD @ JRB … HERE’S WHY LOAN OFFICER LOUIE IS ‘TALKING ABOUT BRUNO, YES, YES, YES.’
'We talk about J.R. Bruno, yes,yes,yes!' JRB Senior Associate Richard Jeffrey walks you through a tricky 504 refi situation, showing you why CDCs can sing that song.
FROM RICHARD @ JRB … SBA LOAN STUCK IN THE MIDDLE? IMPLODING THE ‘MIDDLE CHILD’ MYTH
SBA loan stuck in the middle? According to psychological lore, a middle child can feel undervalued and overlooked, a stereotype often disputed. As is the case with families, so it goes with buildings and SBA loans. JRB Senior Associate implodes the 'middle child' myth.
ON MEMORIAL DAY …
“Honor to the soldier and the sailor everywhere who bravely bears his country’s honor. Also, to the citizen who cares for his brother in the field and serves as best he can, for the cause.” [...]
FROM ALEX @ JRB … HAPPY 1-YEAR ANNIVERSARY (ALMOST): PPP LOAN PROGRAM ENDS! CELEBRATING TOO SOON? WHAT ABOUT SERVICING AND GUARANTY PURCHASES?
JRB Associate Paul Baker celebrates the Almost 1-Year Anniversary of the PPP ending. Not quite. Not all PPP loans were forgiven. Now, borrowers face an unexpected obligation they anticipated would be forgiven. And lenders are faced with continuing to service these loans. Now, what?
FROM YOUR TEAM @ JRB … 504 SERVICING: DO DETAILS MATTER? YOU BET! SOLVING THREE CASES OF ‘WHAT’S MISSING?’
The second in our series focusing on Servicing. We’re taking a close look at those not-so-little details that can make all the difference. When they’re missed! “If you place the emphasis on getting little things [...]
JRB ‘ON THE ROAD AGAIN’ … WE’RE HEADING TO INDUSTRY CONFERENCES AFTER YEARS OF ‘VIRTUAL.’ CHECK OUT OUR SCHEDULE!
Our Team @ J.R. Bruno is 'On the Road Again' attending national and regional SBA lender conferences. Check out our schedule!
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