Firm News
The latest news and updates from Jellum Law.
July 15, 2026
Jellum Law Partner Named 2026 Rising Star
Jellum Law is proud to announce that Lindsay Cremona has been named a 2026 Minnesota Super Lawyers® Rising Star. Lindsay focuses her practice on creditors’ rights and bankruptcy, landlord tenant law, loan
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May 28, 2026
Non-Controlling Ownership Update
Prior Loss Rule: Non-Controlling Ownership Update On May 28, 2026theSBA published SBA Policy Notice 5000-879464,”Prior Loss Rule: Non-Controlling Ownership Update” effective June 1, 2026. Click here to access the SBA Policy Notice
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December 29, 2025
SBA Franchise Directory Re-Certification Deadline
The SBA has extended the re-certification deadline (originally set for July 31, 2025, and extended to December 31, 2025) for franchise brands that were listed on the SBA Franchise Directory as of
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November 17, 2025
Update to SBA Collateral Requirements and Lien Recordation
When making SBA 7(a) loans, lenders must take all actions necessary to perfect the lender’s lien on all required collateral. Failure to do so may result in full, or partial, denial of
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July 15, 2025
Jellum Law Partners Named 2025 Super Lawyer and Rising Star
Congratulations! 2025 Minnesota Super Lawyers® Rising Star and 2025 Minnesota Super Lawyer® Jellum Law is proud to announce that Lindsay Cremona has been named a 2025 Minnesota Super Lawyers® Rising Star and
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June 16, 2025
Processing SBA 7(a) Loans Under SOP 50 10 8
It is important for Lenders to understand how SBA 7(a) loans must be processed pursuant to SOP 50 10 8 with Technical Updates which became effective as of June 1, 2025. As
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May 13, 2025
Important Updates Regarding SBA Commercial Loan Service Centers
On April 29, SBA issued an announcement regarding updates to improve the customer service experience at the Commercial Loan Services Centers (“CLSC”) in Little Rock and Fresno and the National Guaranty Purchase
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May 13, 2025
Jellum Law Secures Major Victory in Minnesota Court of Appeals
Jellum Law, P.A. is proud to announce a significant legal victory in the Minnesota Court of Appeals, which has reversed and remanded a critical case involving the interpretation and enforcement of form
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March 13, 2025
FinCEN Beneficial Ownership Reporting Deadline Update
In a previous article, we discussed the Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Information Reporting Rule (the “Reporting Rule”), which became effective on January 1, 2024. The Reporting Rule requires a
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September 26, 2023
Updates Regarding SBA Construction Bond Waivers and Blended Loan Maturities
Process to Obtain Construction Bond Waivers SOP 50 10 6 provided a blanket waiver of the requirement for lenders to obtain construction performance and payment bonds, provided the lender met the requirements
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September 11, 2023
Navigating SBA’s Compliance Check Codes
Pursuant to SOP 50 10 7 (click here) effective on August 1, 2023, the U.S. Small Business Administration (“SBA”) implemented a new system to determine 7(a) and 504 loan eligibility and avoid
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August 18, 2023
Jellum Law Super Lawyer
Jellum Law is proud to announce that Partner, Lindsay Cremona, has been named a 2023 Minnesota Super Lawyers® Rising Star. This is the fifth consecutive year that Lindsay has received recognition for
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