Nick C. Jellum
Shareholder & President
“Every day, I see firsthand the positive impact that SBA lending has, not only for our lender clients but for the business owners and communities they serve.”
About
Credentials
EDUCATION
Minnesota State University – Moorhead, B.S., Finance, magna cum laudeWilliam Mitchell College of Law, J.D.
LICENSED IN
MinnesotaU.S. District Court, District of Minnesota
Illinois
Associations
Minnesota State Bar Association (MSBA) (Member, 2003 – Present)
Ramsey County Bar Association (RCBA) (Member, 2003 – Present; Youth and the Law Committee; Charity Golf Tournament Committee, Co-Chair 2010, 2011)
Independent Community Bankers of Minnesota (ICBM) (Legislative Committee, 2009 – Present)
Minnesota Bankers Association (MBA), (2003 – Present)
Courage Kenny– St. Croix (Advisory Board, 2010 – 2015)
Courage Kenny Foundation (Board Member, 2013 – 2015)
SPEDCO Minnesota-based SBA 504 Certified Development Company (Board of Directors, 2015- 2018)
Be The Match – National Marrow Donor Program (Board of Ambassadors, 2017- Present)
Ramsey County Bar Association (RCBA) (Member, 2003 – Present; Youth and the Law Committee; Charity Golf Tournament Committee, Co-Chair 2010, 2011)
Independent Community Bankers of Minnesota (ICBM) (Legislative Committee, 2009 – Present)
Minnesota Bankers Association (MBA), (2003 – Present)
Courage Kenny– St. Croix (Advisory Board, 2010 – 2015)
Courage Kenny Foundation (Board Member, 2013 – 2015)
SPEDCO Minnesota-based SBA 504 Certified Development Company (Board of Directors, 2015- 2018)
Be The Match – National Marrow Donor Program (Board of Ambassadors, 2017- Present)
Presentations
- Commercial Lending and Finance Law: The Ultimate Guide
- SBA Loan Defaults, Workouts and Liquidations
- SBA 7(a) SOP Changes
- SBA Franchise Lending
- Advantage of Engaging Lender Service Providers
- Collateral Valuation Practices and Tips
- SBA 7(a) Debt Refinancing
- Legal Risk Factors Faced by Lenders
- Best Practices When Hiring an LSP or Broker
- SBA Affiliation Rules
- SBA Franchise Rules
- SBA Credit Elsewhere Rules
- SBA Financing for Ownership Changes
- SBA Equity Injection
- SBA Loan Closing: Proper Documentation & Pitfalls
- Developing Litigation and Liquidation Plans
- SBA 7(a) Loan Underwriting and Credit Memo
- UCC-1 Filing and Perfection
- SBA 7(a) Loan Closing Best Practices
- SBA 7(a) Large Loan Liquidation: Understanding the Liquidation and Guarantee Purchase Process
- SBA Lending
- Change of Ownership
- Business Entity Organizations and Trusts in Minnesota
- Business Entity Organizations Non-Minnesota
- Authorized Signers in Minnesota
- Powers of Attorney
- Best Practices for Documenting Equity Injections
- Current Issues Impacting Agents and LSPs
- Franchise Lending
- SBA Franchise Lending
- UCC Lien Perfection and Lien Priorities
- Franchise Agreement Review 101