Another Company, Another $5 Million, Another Roglieri Update – Fraud Friday

April 19, 2024 Delaney SextonContributing Editor Another Company, Another $5 Million, Another Roglieri Update – Fraud Friday Yet another client of Prime Capital Ventures is filing a complaint against Kris Roglieri. Roglieri has been relentlessly hit with accusations, raids, and lawsuits since the start of 2024. The company has come forward with similar allegations to…

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The House Committee on Small Business Passes 7 Bipartisan Bills

April 18, 2024 Delaney SextonContributing Editor The House Committee on Small Business Passes 7 Bipartisan Bills “Today’s markup once again demonstrated that this Committee is committed to working together to meet the needs of small businesses,” says Chairman Williams. “All seven bills passed out of Committee today mark another step towards strengthening small businesses across the country,…

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Citizens Bank Found Restaurants Maintained Slight Sales Growth During Q4 2023

April 17, 2024 Delaney SextonContributing Editor Citizens Bank Found Restaurants Maintained Slight Sales Growth During Q4 2023 Citizens Bank found that the restaurant industry was doing well in the fourth quarter of 2023. Of all the restaurant brands they tracked, 68% saw an increase in same-store sales. There was an average increase of 2.2%. Here…

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PayNet Forecasts 3.57% Default Rate for Small Business Loans in 2025

April 16, 2024 Delaney SextonContributing Editor PayNet Forecasts 3.57% Default Rate for Small Business Loans in 2025 PayNet’s Small Business Lending Index measures the volume of new commercial loans and leases to small businesses, and there was a positive reading in February 2024. Compared to February 2023, small business lending increased 3.6%. The small business…

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Two-Thirds of Business Owners are Comfortable with Business Health and Cash Flow

August 15, 2024 Delaney SextonContributing Editor Two-Thirds of Business Owners are Comfortable with Business Health and Cash Flow “It is encouraging to see the majority of small business owners are satisfied with their business’s health and their current cash flow, despite ongoing concerns around inflation,” says Cynthia Smith, SVP, Head of Regional Business at MetLife.…

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StoneX Welcomes Karen Bean as Director of Institutional Sales

April 15, 2024 Delaney SextonContributing Editor StoneX Welcomes Karen Bean as Director of Institutional Sales Karen Bean brings more than 20 years’ experience in SBA loan origination services and previously served as a Vice President at Flagstar Bank (formerly Signature Bank). She is joining StoneX’s newly announced SBA loan sales and trading offering. Bean joins…

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