The SBA & MBL Advantage: Now’s The Time to Plan! Friday, September 13 • 2 p.m. EDT• 11 a.m. PDT Sign Up Today!
SAN FRANCISCO, CA (AUGUST 29, 2013) -- J.R. Bruno & Associates launches the second round of free credit union webinars on Friday, September 13 at 2 p.m. EDT/11 a.m. PDT. Conducted by JRB Associates Vern Hansen, Lori McCausland, and Pamela Davis, JRB’s webinars are designed for credit unions looking to get into SBA and MBL or expand their programs.
“We’re excited about these sessions! As credit unions evaluate their corporate objectives and product offerings in Strategic Planning Sessions, it’s a good time to consider budgeting and planning for SBA and member business lending for the coming year and beyond,” JRB President Joanna Bruno said. “Vern, Lori and Pam have more than 100 years of combined SBA and commercial lending experience. They have the expertise to discuss these programs from their perspective as former financial institution executives and chief lending officers and working with lenders on a variety of SBA issues.” For more information about these sessions, interested credit unions may email Vern Hansen or call him at 720.663.8431.
For credit unions just getting MBL off the ground, Joanna Bruno recommends the SBA 7 (a) program as a great place to start. A few of the advantages:
- program with clear guidelines and written procedures
- risk mitigation because loans are guaranteed up to 85% by the U.S. government;
- increased capacity because only the non-guaranteed portion counts against the 12.25% member business lending cap;
- income generation from secondary market sales and servicing fees;
J.R. Bruno & Associates has served the business lending community since 1994 and is headquartered in San Francisco. With more than 200 years of combined commercial lending experience, the JRB Team of former financial institution executives and SBA experts has assisted credit unions across the country with a wide range of member business lending programs, is expert at SBA lending and is an SBA Lender Service Provider (LSP). J.R. Bruno provides
hands-on day-to-day oversight focusing on clients’ individual needs. Services range from total outsourcing to portfolio management, to loan portfolio reviews, staff training, prescreening, loan structuring, underwriting, processing, packaging, documentation, servicing and liquidations. To sign up for J.R. Bruno’s online eBulletin newsletters and learn more about the firm’s services, go to www.jrbrunoassoc.com .