Kris Roglieri’s Chapter 11 Bankruptcy Converted to a Chapter 7

May 20, 2024 Delaney SextonContributing Editor Kris Roglieri’s Chapter 11 Bankruptcy Converted to a Chapter 7 The recent change to a Chapter 7 bankruptcy was intended to sell Roglieri’s assets for the benefit of the creditors. The trustee is seeking access to Roglieri’s mansion as part of the plan to sell his assets. Larry Rulison…

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Momentus Capital Closes $171 Million Equitable Prosperity Fund to Drive Positive Social Impact in Underestimated Communities

May 20, 2024 Delaney SextonContributing Editor Momentus Capital Closes $171 Million Equitable Prosperity Fund to Drive Positive Social Impact in Underestimated Communities “The Equitable Prosperity Fund is a game changer — a fund helping underestimated communities, led by a diverse team of investment professionals, that takes a far different approach than traditional venture capital or…

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Man Pleads Guilty After Applying for $13.4 Million in Pandemic Relief – Fraud Friday

May 17, 2024 Delaney SextonContributing Editor Man Pleads Guilty After Applying for $13.4 Million in Pandemic Relief – Fraud Friday “Mr. Toland’s plea reinforces a simple message. Crime does not pay,” says IRS Criminal Investigation Oakland Field Office Acting Special Agent in Charge Michael Mosley. “Our highly trained agents are experts at investigating financial crimes…

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Gulf Coast Small Business Lending Welcomes Tracey Tucker as SVP, BDO

May 16, 2024 Delaney SextonContributing Editor Gulf Coast Small Business Lending Welcomes Tracey Tucker as SVP, BDO “Tracey is a fantastic addition to our growing and experienced Gulf Coast Small Business Lending team. With over 25 years of successful experience in the SBA industry, it is great to have a BDO of her caliber on…

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Calculating Cash Flow the SBA Way in 2024 – Coleman Webinar 5/29

Meeting SBA’s likely ability to repay(*) standardFor Credit Memos Over $500,000 A Coleman Webinar for SBA Loan Underwriters! A Coleman Training WebinarDate: Wednesday, May 29, 2024Time: 2:00 p.m. EasternDownload a Registration FormA 75-Minute Training Class That Lets Staff Earn E-Certification With Prime Rate at 25-year highs, calculating cash of your SBA loan borrower is a…

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Almost a Third of Small Businesses Borrow Once Every Quarter

May 15, 2024 Delaney SextonContributing Editor Almost a Third of Small Businesses Borrow Once Every Quarter In April, small business optimism increased for the first time in 2024, but this is the 28th consecutive month that optimism is below the 50-year average. Regarding credit conditions, NFIB Chief Economist Bill Dunkelberg writes, “Although the interest rate…

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