July 7, 2020 By: Caity WituckiContributing Editor, Hot Topic Tuesday Hot Topic Tuesday – SBA and Treasury Release Names of PPP Loan Recipients Over $150K On Monday, the U.S. Small Business Administration and U.S. Department of Treasury released redacted Paycheck Protection Program (PPP) data that ...
Read More →July 6, 2020 By: Caity WituckiContributing Editor, Main Street Monday Main Street Monday – The Impact of COVID-19 On Small Business Retail Opportunities The coronavirus pandemic has greatly influenced the kind of products and services consumers are interested in. As a result, new business opport...
Read More →The $600 Billion Main Street Lending Program — What it Means for SBA Lenders Home Speakers Agenda Registration 75 minutes of Online Training for your staff A Coleman Webinar Date: Wednesday, July 15, 2020 Time: 2:00 p.m. Eastern Download a Registration Form Main Street Lending Program How ...
Read More →July 3, 2020 By Caity WituckiContributing Editor, Fraud Friday Fraud Friday — Couple Attempts to Flee the Country After Obtaining $1.5 Million in Fraudulent PPP Loans On Saturday, June 20, 2020, Monica Magdalena Jaworska and her husband Tarik Jaafar were arrested at the JFK Airport in New York. Ac...
Read More →July 1, 2020 By Caity Witucki Contributing Editor BREAKING NEWS — Senate and House Pass PPP Extension by Unanimous Consent Wednesday night, the House of Representatives quickly passed a bill, extending the window for business owners to apply for PPP loans to August 8, 2020. The legislation pas...
Read More →July 2, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Bruce C. Boddie, Todd Shutley, and East Cambridge Savings Bank Bruce C. Boddie Joins First Bank of the Lake Bruce C. Boddie has joined First Bank of the Lake’s Small...
Read More →July 1, 2020 By Caity WituckiContributing Editor, C-Suite Wednesday C-Suite Wednesday – OCC Says PPP Poses Compliance Risk On Monday, the Office of the Comptroller of the Currency (OCC) reported that financial institution profitability is at risk due to a decline in economic conditions brought o...
Read More →June 30, 2020 By: Caity WituckiContributing Editor, Hot Topic Tuesday Hot Topic Tuesday – GAO Report on Lack of PPP Oversight Last Thursday, the Government Accountability Office (GAO) released a report urging the SBA and other government agencies to enact PPP loan fraud risk management polic...
Read More →June 29, 2020 By: Caity WituckiContributing Editor, Main Street Monday Main Street Monday – June Coronavirus Economic Impact Report Utilizing Yelp’s impressive collection of economic data, the company’s Economic Advantage team has been able to track the coronavirus’ impact on millions of l...
Read More →June 26, 2020 By Caity WituckiContributing Editor, Fraud Friday Fraud Friday — Texas Man Gets PPP Loan for Defunct Wedding Planning Business The wedding planning business his wife owned went bust in 2018, but that did not stop Fahad H. Shah from allegedly using the company’s name to apply for a ...
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