eBulletin Archives
Business Lending Community ‘Must Reads’
We provide an ongoing stream of articles on issues concerning the business lending community.
FROM LISA @ JRB … A VIEW FROM CYBERSPACE: NAGGL 2021 CONFERENCE RECAP
NAGGL 2021: Just a short time ago we used “hybrid” mainly to describe a new breed of cars. Not any more! This year's NAGGL was a hybrid. Some folks showed up in person, some dialed in. No matter: Nationwide connections made! JRB Senior Associate Lisa Lerner dialed in and recaps SBA's key initiatives: small dollar loans, new technologies, and life after PPP.
FROM RICHARD @ JRB … A TALE OF THE WAYWARD PFS: CUTTING CORNERS NEVER PAYS!
CDC in crunch time? Rushing to complete those 504 loan packages so you meet the funding deadline? No time for a new Personal Financial Statement? Easy peazy: Just transfer info from a PFS the borrower gave you last year, right? So wrong. JRB Senior Associate Richard Jeffrey shows how cutting corners could spell disaster, especially if the loan goes bad, and doing it right keeps your loan on track. Whatever happens down the road.
FROM PAUL @ JRB … SBA FORM 159: WHO FILLS IT OUT? WHO SIGNS IT? WHO PAYS? PLUS SOME BEST PRACTICES
We’re well into Fiscal Year 2022, with loan reviews in full swing. At JRB, we’re certainly doing our share, and have been over the past couple months. So I thought it might be good to [...]
FROM RICHARD @ JRB … SBA’S LABOR SURPLUS AREAS: ONE SIZE NEVER FITS ALL. SIGNIFICANT CHANGES AND SURPRISES ON THIS YEAR’S LIST
I bet most SBA lenders can cite the size standards by heart. And I’ll bet if we wake up most savvy lenders in the middle of the night, some will be muttering “… maximum tangible net [...]
FROM LISA @ JRB … SBA LENDERS: SBA 7(a) FEES EFFECTIVE OCTOBER 1, 2021. ARE ‘WE BACK TO THE FUTURE?’
"Back to the Future" is more than a movie title where FY 2022 SBA loan fees are concerned. That is, except for big breaks on Express Loans, for veterans and for business owners borrowing $350,000 or less. JRB Senior Associate Lisa Lerner focuses on the advantages SBA offers these borrowers.
FROM RICHARD @ JRB … 504 REFI REVISITED: REFI WITH EXPANSION ─ HAS LTV GOT SOMETHING TO DO WITH IT?
Every now and then I get a question about structuring a 504 project based on the appraised value, as if 504 had some sort of LTV requirements. Actually, I get this question more often than [...]
FROM PAUL @ JRB … WITH 504 REFI, IS 504 SBA’S FAVORITE CHILD? HOLD ON! 7(a) SAYS ‘DON’T FORGET ABOUT ME!’
With 504 refi, is 504 SBA's favorite child? Is 7(a) forgotten in programs to further assist borrowers? Not to worry. JRB Associate Paul Baker shows you how it's all in the family.
FROM RICHARD @ JRB … WHAT’S YOUR PREFERENCE? LESSONS FROM THE ‘OLD MAN OF THE CDC!’
In a crunch? What's your preference? Take a lesson from "The Old Man of the CDC" JRB Senior Associate Richard Jeffrey
FROM LISA @ JRB … SURFING THE ‘WAVES’ OF SBA INFORMATION: HOT TOPICS AND A FEW REMINDERS
Surfing the 'waves' of SBA info: JRB Senior Associate Lisa Lerner takes you through The Great Migration: Colson to Guidehouse, a PPP Direct Forgiveness Update -- and a critical not-so-little-detail in the SOP.
FROM RICHARD @ JRB … GETTING THE 504 DEAL DONE. WHAT’S LTV GOT TO DO WITH IT? ‘NEVER ASSUME.’
What's LTV Got to Do With It? "Never assume," says JRB Senior Associate Richard Jeffrey as he puts on his "teacher's hat" and gives a simple lesson on 504 loan structuring.
FROM PAUL @ JRB … SBA LENDERS: FISCAL YEAR END IS HEADED YOUR WAY. AND YOUR PLATTER IS FULL. RELIEF IS HERE.
Take the pressure off! Fiscal year end has SBA lenders in its headlights. Time to schedule loan reviews ahead of yearend reporting. Not to mention that avalanche of PPP loan forgiveness. Relief is here. JRB Associate Paul Baker takes you through SBA's Loan Forgiveness Portal -- and more.
FROM RICHARD @ JRB … CAN DEVELOPERS BE ELIGIBLE FOR SBA LOANS? MAYBE. THEN AGAIN, MAYBE NOT.
Can developers be eligible for SBA 504 loans? Maybe. Then again. maybe not. JRB Senior Associate Richard Jeffrey takes you along the winding road.
FROM ALEX @ JRB … EAST COAST LENDERS: MEET UP WITH ME IN PHILADELPHIA! STOP BY BOOTH #31 AT THIS YEAR’S AMERICA EAST
From Alex @ JRB ... I'm here in Philadelphia, at this year's America East. Heads up, East Coast Lenders: If you're attending this conference, Stop by booth #31. I'm here to meet up with you, and to discuss your SBA programs and what J.R. Bruno can do for your institution.
FROM LISA@JRB … SBA’s DIRECT FORGIVENESS PORTAL IS OPEN. STEP RIGHT IN! IT’S ‘FORGIVENESS SIMPLE’ FOR YOUR BORROWERS – AND YOU.
SBA's Direct Forgiveness Portal is Open. Step right in. With more than 90% of PPP loans under $150,000, you’re probably experiencing a lender’s big headache: application overload. And your borrowers are likely confused by the forgiveness process. Relief is here. JRB Senior Associate Lisa Lerner takes you through "Forgiveness Simple."
FROM RICHARD JEFFREY @ JRB … WELCOME THE NEW 504 REFI RULE: SIGNIFICANT CHANGES OFFER MORE REFI OPPORTUNITIES, TRIGGER REVISIONS TO SOP 50 10 6
I’m loaded with information: SBA’s long awaited Final Rule for 504 Debt Refinancing is here. The new rule was posted on the Federal Register on July 29 and is effective immediately. It contains significant changes [...]
FROM PAUL @ JRB … SBA FORM 413: PERSONAL FINANCIAL STATEMENT ─ NEW AND IMPROVED! ONE SIZE FITS ALL
Simple. We like simple. We like all-inclusive when it comes to vacation packages, we like bundles when it comes to insurance policies, and we like one price covering “all you can eat” at a brunch [...]
FROM RICHARD @ JRB … GOOD NEWS: YOU’RE BUSY. WE ARE TOO. SO WE’VE EXPANDED OUR UNDERWRITING TEAM
FROM RICHARD @ JRB ... Good News: You're busy. We are Too. You’re keeping us so busy that we’ve added more underwriters and another processer to our team, with maybe more on the way.
FROM PAUL @ JRB … INSURANCE: WHEN IS ENOUGH, ENOUGH? WHEN IT’S ‘APPROPRIATE,’ SUPPORTED AND DOCUMENTED
Insurance: When is enough, enough? Key: Make sure that "all appropriate requirements" are met! JRB Associate Paul Baker takes you through your paces.
FROM RICHARD @ JRB … GOT TURNAROUND ANGST? YOU’RE NOT ALONE. SOME SOLUTIONS.
Got turnaround angst? You're not alone. JRB's Richard Jeffrey answers an apparently easy question that has a complex answer.
FROM RICHARD JEFFREY @ JRB … TODAY’S HOT TOPIC: GLOBAL CASH FLOW. WHAT IT IS. WHAT IT’S NOT
Global Cash Flow: What it is. And not. JRB Senior Associate Richard Jeffrey shows you when and how to use it -- and when not.
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