June 26, 2024 Delaney SextonContributing Editor Bounce Back Loan Scheme: U.K. COVID Loan Fraud Clocked in at 4% – Fraud Friday Across the pond, Britain’s small businesses also needed a lifeline during the global economic crisis brought on by the COVID-19 pandemic. This came in the form of the Bounce Back Loan scheme. The scheme…

July 25, 2024 Delaney SextonContributing Editor SBA Increases Maximum Loan Amount for CA Lenders and Removes 504 Cap for Green Projects “Small businesses and homes account for more than one-third of U.S. emissions, so it is vital that they are part of the solution. The SBA’s new Green Lender Initiative aligns private capital with investments in…

July 25, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Alabaman Lenders For fiscal year 2024, these are the lending statistics by Alabaman lenders as of July 24, 2024:

July 24, 2024 Delaney SextonContributing Editor SBA Changes Collateral Requirements, Adopts FICO Scores for Disaster Loan Program Eligibility Telegraphing possible changes to the SBA 7(a) loan program, SBA has proposed a rule that increases the unsecured loan amount for their disaster loans. Now, the unsecured loan threshold is $50,000 for EIDL loans for all disasters…

July 24, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Alaskan Lenders For fiscal year 2024, these are the lending statistics by Alaskan lenders as of July 23, 2024:

June 28, 2024 – The Coleman SBA Loan Broker Table Meeting provides insightful discussions and knowledge-sharing sessions for SBA brokers and lenders, meeting weekly on Thursday at 12pm ET. Hosted by Joseph Coleman, Executive Director, Coleman SBA Loan Broker and Lender Table, these meetings bring together industry leaders and experts to provide valuable information and guidance…

July 23, 2024 Delaney SextonContributing Editor SBA Forms 1086, 1502, and 1088 Renewals and Updates SBA announced the renewals and updates of SBA Form 1086, SBA Form 1502, and SBA Form 1088. The revised forms supersede all prior versions. These are the effective dates and changes of the forms: SBA Form 1086 (12-23) Lenders may…

July 22, 2024 Delaney SextonContributing Editor SBA Loan Broker & Lender Table with Ed Ryan of AmPac Business Capital Last Thursday, Ed Ryan, Executive Vice President SBA 504 Sales Manager at AmPac Business Capital, joined the Coleman SBA Loan Broker & Lender Table which helps to form connections between loan brokers and SBA lenders. Ed…

July 22, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by State For fiscal year 2024, these are the lending statistics by state as of July 19, 2024: