March 1, 2021 Caity RoachEditor News Blast – Letter Urging Congress to Extend PPP Until June 30, 2021 Womply, a software and API company serving small businesses and app developers, is calling on American lawmakers and policymakers to extend the Paycheck Protection Program through March 31, 2021. “There is simply not enough time in the…

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February 26, 2021 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday — Former Bank President Sentenced to 8 Years for Embezzling $11 Million “Criminal conduct that affects the financial health of a small, local lender can send a negative ripple effect throughout the entire community,” says United States Attorney, Nicholas Ganjei. “The Eastern District…

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Our Reporting: Fraud Friday – FDIC Seeking 14.5M From Dead Bridgeport Banker’s Estate Fraud Friday — Key Player In Fraud Investigation Taken into Custody After Seeking to  Exhume Bank President’s Body

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Our Reporting: Fraud Friday — Uh Oh, FBI Raids Banc-serv Campus, Locks Doors Fraud Friday — “They Got Us” CEO of banc-serv Indicted for $10 Million Loan Fraud Scheme” Fraud Friday – “Working Capital” Fits better than “Past Due Payroll Taxes” Fraud Friday – “They Got Us” Swapping Business Owners Fraud Friday – banc-serv Second…

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February 25, 2021 Caity RoachEditor Coleman Movers & Shakers – Brian Comiskey, LRM Lender Consultants, Patriot Bank Brian Comiskey Named Chief Credit Officer at SomerCor “Brian has played a pivotal role in growing our loan origination and streamlining our operations,” says Manuel Flores, SomerCor President and CEO. “Brian’s deep knowledge of the SBA 504 program…

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SBA Hot Topic Tuesday  – Upcoming Changes to the Paycheck Protection Program The Biden-Harris Administration and the SBA announced yesterday that they will be taking steps to further promote equitable relief for America’s mom-and-pop businesses by revising certain aspects of PPP. Here is what we currently know about the changes: The 14-day Exclusivity Period for…

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