April 3, 2020 By Caity WituckiContributing Editor, Fraud Friday Fraud Friday – French Restaurant Owner Faces Numerous Fraud Charges Last month, Barbara Meyzen, the former owner of La Crémaillère, an upscale french restaurant located in Banksville, New York, pleaded guilty to multiple counts of b...
Read More →April 2, 2020 By: Caity WituckiContributing Editor BREAKING NEWS – SBA Provides Additional Guidance on Paycheck Protection Program On April 2, 2020 around 7:00 PM Eastern, the Small Business Administration (SBA) issued additional guidance for SBA lenders. Quick Takeaways: The Interest Rate on...
Read More →April 2, 2020 SBA Administrator: We Are Looking For Employees to Be Ready, Not Lost By Bob ColemanEditor, Coleman Report Treasury Secretary Mnuchin and SBA Administrator held a press conference Thursday evening with President Donald Trump at the White House to discuss the SBA Paycheck Prot...
Read More →April 2, 2020 By Caity WituckiContributing Editor Senate Committee on Small Business and Entrepreneurship Publishes Small Business Owner’s Guide to the CARES Act Navigating the programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act may be difficult for small bus...
Read More →April 2, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Lendio, American Bank of Commerce, U.S. Banks Raise Money to Fight Pandemic Lendio to Hire 200 Agents to Match Small Businesses With CARES Act Loans Lendio, a small business loan marke...
Read More →April 1, 2020 By: Caity WituckiContributing Editor, C-Suite Wednesday C-Suite Wednesday – The Difference Between PPP, EBL and EIDL The $2 trillion coronavirus relief package signed by the President last week includes nearly $350 billion for a federal small business loan program called the Paycheck...
Read More →Deferring and Servicing SBA 7(a) and 504 Loans — The Brand New Rules Home Speakers Agenda Registration Date: Wednesday, April 8, 2020 Time: 2:00 p.m. Eastern Download a Registration Form 7(a) Business Loans In accordance with SOP 50 57 2 and 13 C.F.R § 120.530, Lenders may assist borro...
Read More →March 31, 2020 By Bob Coleman Editor, Coleman Report BREAKING NEWS: SBA Releases PPP Overview – Lender Information – Application – Borrower Information SBA released guidance on the new Paycheck Protection Program loans including version 1 of the Borrower PPP Application. An overvie...
Read More →March 31, 2020 By Caity WituckiContributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — White House Expects to Launch $2 Trillion Coronavirus Economic Aid Package This Week On Friday, President Donald Trump signed into law a historic $2 trillion stimulus package to support the U.S. econo...
Read More →March 30, 2020 By Caity Witucki Contributing Editor, Main Street Monday Main Street Monday – 11% of Restaurants Anticipate Permanently Closing due to COVID-19 At the beginning of 2020, restaurants were the 5th most popular small business industry, employing nearly 10% of the U.S. workfor...
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