August 31, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – Senator Rubio’s Letter to SBA Administrator and House Hearings “This ambiguity has created confusion and costly uncertainty between lenders and loan agents, many of whom have provided vital services to sustain local communities, employers, and workers throughout the pandemic,” writes Florida Senator Marco Rubio. On…

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August 30, 2021 Delaney SextonContributing Editor Main Street Monday – Construction and Manufacturing Industries are Optimistic While Retail and Services Industries are Concerned “Small businesses are working hard to recover from the pandemic while still facing strong headwinds,” says Holly Wade, Executive Director of NFIB’s Research Center. “Each industry is recovering differently but all have…

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August 26, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – Mona Dmitrenko, Jake Asmussen, and Neal Patel Oak Valley Community Bank Hires Mona Dmitrenko as VP Commercial Loan Officer “We are excited to have Mona on our team,” states Cathy Chan, EVP Commercial Real Estate Group. “Her knowledge and expertise in sourcing and financing…

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August 24, 2021 By Joseph ColemanContributing Editor Reminder: CAFS Accounts & PIMS Data Entry The incoming FTA was contracted by SBA to support a migration of 7(a) program systems and applications into SBA’s Capital Access Financial System (CAFS), and the migration of systems is projected to be complete by Monday, August 30, 2021. The FTA has requested that all users…

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August 23, 2021 Delaney SextonContributing Editor Main Street Monday – More Business Equity is Related to Higher Net Worth “A substantial amount of family wealth is in business ownership. On average, the self-employed are wealthier than the non-self-employed. This implies the value or potential value of business ownership in economic mobility,” reads the SBA Office…

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August 20, 2021 Delaney SextonContributing Editor Fraud Friday – Fintech CEO Sentenced 6 Years for Fraud Schemes Justin Cheng, also known as Sheng-Wen Cheng, submitted fraudulent relief applications that said other individuals were the sole owners of his companies and that they had over 200 employees and a $1.5 million monthly payroll. These companies had…

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August 19, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – SBA Key Staff and George Pereira The SBA Announces Their Key Staff Office of the Administrator:• Daniel Krupnick – Counselor to the Administrator• Arthur Plews – Deputy Chief of Staff for Policy• Kendall Corley – Deputy Chief of Staff for External Affairs• Scott Harriford…

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August 17, 2021 By Joseph ColemanContributing Editor, Coleman Report PHILADELPHIA — A panel of SBA 504 experts including Eddie Tuvin, Chief Lending Officer, FSC First (Coleman Report’s BDO of the Year 2020), Linda Reilly (Chief, 504 Loan Program) and Greg Suryadik, (Loan Specialist, SBA) provided great insight into the new 504 Refinancing changes lenders have…

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