Posts by Coleman Report

February 8, 2024 Delaney SextonContributing Editor House Small Business Committee Sends Nine Bipartisan Bills to the House “Today’s markup shows that this Committee is committed to producing commonsense, bipartisan legislation,” says Chairman Williams. “The nine bills we marked up and reported favorably out of the Committee address the various needs of Main Street, hold our agencies accountable…

February 7, 2024 Delaney SextonContributing Editor Fed Says Bankers See Higher Small Business Loan Demand and Increased Delinquencies in 2024 Many bankers predict a decline in credit quality for commercial loans to small businesses in 2024. According to the Federal Reserve, small businesses are defined as those with annual sales below $50 million. Looking ahead,…

February 6, 2024 Delaney SextonContributing Editor Momentus Securities Receives SBA 7(a) Pool Assembler Status “This is an opportunity to provide enhanced secondary market liquidity to mission-driven lenders that primarily serve business owners working in underserved communities,” says Jaime Aldama, Head of Capital Markets for Momentus Securities, part of the Momentus Capital branded family of organizations.…

February 5, 2024 Delaney SextonContributing Editor Carolyn Skog Joins Stone Bank SBA Division as Senior Regional Account Manager Carolyn Skog has joined the SBA Division of Stone Bank as a Senior Regional Account Manager according to Vincent “Vinny” Muratore, President of the division. Skog has an undergraduate degree from Texas Tech and was formerly a…

February 5, 2024 Delaney SextonContributing Editor Harvest Grows Stronger: Meet The Dynamic New Additions to the Business Development Team – Alex Archer and Tony Ochoa Alex Archer Joins as Harvest as SVP, Business Development Officer Alex Archer brings to Harvest over 15 years of proven success in the financial industry. His journey began in retail…

February 2, 2024 Delaney SextonContributing Editor Fraud Friday – Catering Business Owner Indicted For Defrauding PPP, EIDL, & RRF The U.S. Attorney’s Office charged the owner of a California catering company with one count of bank fraud, three counts of wire fraud, and two counts of money laundering. Dory Lindsay Ford is being indicted for…

February 1, 2024 Delaney SextonContributing Editor “The SBA’s Office of Inspector General estimates that $200 billion dollars in fraud flowed through the pandemic lending programs,” says Chairman Roger Williams. “We must think of innovative ways to help get this money back for the American people, and as a business owner, I know that incentives matter. This legislation…

January 31, 2024 Delaney SextonContributing Editor SBA Administrator Isabel Guzman announced a new SBA rule change that would improve entrepreneurship opportunities for formerly incarcerated individuals who served their sentence, including those on parole and probation. Administrator Guzman was joined by Vice President Kamala Harris and Congressional Black Caucus Chairman Steven Horsford when making this announcement.…