SBA Stat Thursday — Newtek Bank Poised to be the New #1 SBA 7(a) Lender? September 26, 2024By Bob ColemanPublisher & Founder With one week before the end of fiscal year 2024 Newtek has surpassed the $2 billion mark and leads Live Oak Bank by $116 million in SBA 7(a) gross loan volume. The Huntington…

Valley National Bank Settles PPP False Claim Act Liability with Feds for $216,784September 25, 2024By Bob ColemanPublisher & Founder SBA 7(a) Rank $ Rank # Gross Loan Approval # Loans 6/24 (9 mos) 77 130 $53 million 38 FY 2023 132 147 $36 million 42 FY 2022 162 177 $29 million 34 Valley National Bank,…

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

September 24, 2024 Delaney SextonContributing Editor Kris Roglieri’s Cars Sold for Over $800,000 at the Saratoga Motorcar Auction On Saturday September 21, the Saratoga Automobile Museum auctioned off a few of Kris Roglieri’s cars, making the museum’s first time handling a bankruptcy case a success. The four Roglieri cars sold for $807,250. There will be…

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

September 23, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by New Mexico Lenders For fiscal year 2024, these are the lending statistics by New Mexico lenders as of September 22, 2024:

Main Street Monday — SBA Lending in the Childcare Industry NAICS 624410September 23, 2024By Bob Coleman, Publisher & Founder Source: Coleman Report and Lumos Data From the Office of Advocacy’s September 12, 2024 Childcare Industry Report: The Bottom Line? Historical SBA loan performance is excellent. The market for childcare services is experiencing rising prices and…

Top Ten Small Business Stats You Need to KnowSeptember 19, 2024By Bob Coleman, Publisher & Founder I love stats and here are some important one’s from SBA’s Office of Advocacy July 2024 report. 1) Small businesses account for 65.3% of new job creation and employ 45.9% of private sector employees.  2) Small businesses contribute 43.5%…

September 20, 2024 Delaney SextonContributing Editor Kris Roglieri Indicted by a Grand Jury for Fraud, Cars to be Auctioned Off on Saturday – Fraud Friday On Thursday, an announcement was made that Kris Roglieri has been hit with 5 counts of wire fraud. The charges are in connection with the case that was previously listed…

September 19, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by New Jersey Lenders For fiscal year 2024, these are the lending statistics by New Jersey lenders as of September 18, 2024: