November 30, 2020 Caity RoachContributing Editor Main Street Monday — 27% of Small Business Owners Expect Better Business Conditions in the Next Six Months According to NFIB’s Small Business Economic Trends quarterly report, small business optimism in October remained unchanged from September, a...
Read More →November 25, 2020 Caity Roach Editor C-Suite Wednesday — SBA PPP Loan Forgiveness Decisions Reach $38 Billion According to the PPP webpage, the SBA has approved 5.2 million PPP loans worth over $525 billion. However, data released November 22, 2020, suggests that the SBA has only made forgiveness ...
Read More →November 24, 2020 Caity Roach Editor Hot Topic Tuesday — Small Businesses Shift Focus to State Economic Relief As congressional negotiations surrounding another round of PPP remain stalled, some states have begun introducing their own small business loan programs to ensure local businesses have ac...
Read More →November 23, 2020 Caity RoachEditor Main Street Monday — Survey Finds Micro Businesses have been Disproportionately Affected by COVID-19 Businesses owned and operated by a single person, often called “micro-businesses” or “solo-preneurs,” are more likely to close compared to other small bu...
Read More →November 20, 2020 By Caity WituckiEditor, Fraud Friday Fraud Friday – Bank Executive Sentenced to Five Years in Prison for Role in Construction Fraud Scheme Troy Gregory, a former senior lending officer and executive at University National Bank, has been found guilty of making false statements t...
Read More →Underwriting the SBA Business Acquisition Loan Calculating Cash Flow when Sellers have PPP and/or EIDL loans Home Speakers Agenda Registration Ensure you are SBA Compliant with Newly Released Guidance: SBA COVID Program Underwriting Standards effective July 2020 PPP Business Acquisition Consider...
Read More →November 19, 2020 Caity RoachContributing Editor Coleman Movers & Shakers — Colony Bank, Mike Hix, and Richard Smith Colony Bank Expands SBA Lending Group to Meet Increased Demand “I am excited about the talent, knowledge and experience this group brings to our team,” says Darren Davis, Pr...
Read More →November 18, 2020 Caity Roach Contributing Editor C-Suite Wednesday — 5 Things PPP Lenders are Still Waiting For Although the PPP Forgiveness Platform has been open since August 10, 2020, many lenders continue to tell their borrowers to hold off on submitting their forgiveness applications until a...
Read More →November 17, 2020 Caity Roach Contributing Editor Hot Topic Tuesday — SBA Quietly Releases Borrower Questionnaire for PPP Loans over $2 Million The SBA recently issued a quiet release of two new borrower questionnaires on the PPP Forgiveness Platform for loans over $2 million. The purpose of these...
Read More →Coleman’s 13th Annual 2020 SBA Secondary Market Online Summit Webinar Home Speakers Agenda Registration Coleman’s 13th Annual SBA Secondary Market Summit will Offer Two 90-Minute Sessions of Online Training for your Staff A Coleman Webinar Session 1 Date: Thursday, December 3, 2020...
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