“If summer had one defining scent, it’d definitely be the smell of barbecue.” – Katie Lee
Greetings!

Memorial Day has come and gone, and we’re at the beginning of summer. Everyone is looking forward to sunny weather, family picnics, trips to the beach, VACATION!

And while that all sounds lovely, with it comes the challenges of managing your pipeline and portfolio on a skeleton crew. Yikes.

Keep reading for the usual roundup of SBA updates, and then for tips on managing summer vacation schedules!
LRM's SBA Notice Nook
Have you scheduled your
2024 SBA Loan Review?
We’re nine months into a whole slew of SBA SOP changes. Your SBA packaging processes and procedures should be fully updated by now, and everyone should be accustomed to the changes.

That makes this the ideal time to conduct a third-party review, which accomplishes several important objectives.
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A proud SBA 7(a) Geek
Featuring Lori McCausland
For almost my entire career in banking, new projects were handed to me to learn, build initial processes, and then train everyone else.  

So I wasn’t surprised when I was thrown into the deep end back in 2006, when the bank where I was working laid off the only SBA-knowledgeable employee. We had a few SBA loans in process, and I got to figure out how to submit them for approval.
Our clients trust us to keep their SBA Lending departments at their best. Our training programs are informative and fun, because fun helps learning stick!

Here’s the thing: SBA is well-known for being strict, let’s say, about adhering to policies and SOPs – standard operating procedures. And that’s a good thing; it’s best for everyone to know exactly what’s expected.

But small business lending has a lot of moving parts – and SBA is also well-known for moving those moving parts around, making changes, issuing updates, and releasing new policies.
It’s a common experience: people lamenting if it’s really worth it to go on vacation if they’re faced with a mountain of work waiting when they return.

Our answer: yes, absolutely – especially if you can work with your team to manage that mountain so it’s no bigger than a molehill.

Vacation is important for wellbeing. And worrying about what will be waiting on your desk when you get back is not conducive to a real vacation. Taking the time to understand not just who’s going to be out when, but also what work might pile up whilst they’re away and how to manage it even in their absence, can make a world of difference for everyone.

And yes, we can help. Whether you’re simply seeking a consultation to review and streamline your workflows so the mountains don’t pile up, or actual hands-on help to keep those workflows moving when most of your staff is out – we’ve got you covered.

Give us a call at 877.576.0819, or reach out through our Contact form and we’ll talk!

Your Team at LRM Lender Consultants,
Lori N. McCausland
CEO
LRM Lender Consultants Inc.
484-645-3987
Rebecca L. Mendoza
President
LRM Lender Consultants Inc.
949-294-8490
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