March 14, 2025 Bob ColemanFounder & Publisher Fraud Friday — Michigan CPA Pleads Guilty for 226 SBA PPP Loan Fraud Applications Matthew Parker, a licensed CPA from Detroit, Michigan, conspired to defraud lenders of over $14 million in PPP COVID-19 relief loans and plead guilty to one count of loan fraud. Matthew recruited hundreds of…

March 13, 2025 Bob ColemanFounder & Publisher Robert Nelson Retires, Carlos Torres Jr. Joins First Internet Bank, Harvest Hires Mark Langdon Carlos Torres Jr. Joins First Internet Bank as Vice President, Senior Business Development Officer “The SBA experience Carlos has is an asset to our team and our clients,” says First Internet Bank Vice President,…

March 12, 2025 Bob ColemanFounder & Publisher House Small Business SubCommittee Holds a Hearing of the Importance of SBA Staff in the Field The following questions were posed to Missouri State SBDC Director Ted Gutierrez (pictured right) about moving staff out of Washington, D.C. to the states and streamlining SBA lending programs: Chairman Alford: Can…

March 11, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA Announces Made in America Initiative “The great American comeback starts with restoring American industry,” says SBA Administrator Kelly Loeffler.  “With the Made in America Manufacturing Initiative, we’re slashing red tape, expanding access to capital, and fueling a manufacturing resurgence that will create…

March 10, 2025 Bob ColemanFounder & Publisher Main Street Monday — SBA’s New Citizenship Requirements for SBA 7(a) and 504 Loans The first lender policy notice signed by Administrator Kelly Loeffler eliminates the ability of a foreign investor to own up to 49% of a small business and receive SBA financing. The only acceptable borrowers…

March 7, 2025 Bob ColemanFounder & Publisher SBA and COVID-19 Loan Fraud  SBA Administrator Kelly Loeffler’s First Day Memo emphasized “cracking down” on loan  fraud: “SBA’s loan programs should be a powerful tool for empowering small business formation and delivering critical aid to disaster victims.  “The prior Administration left these programs with unaddressed fraud –…

March 6, 2025 Bob ColemanFounder & Publisher Movers & Shakers Thursday — First Internet Bank Promotes David Bybee; Brian Burke, SBA District Director AQ (Adalberto Quijada) and USDA’s Tammy Laizure Retire   First Internet Bank promotes David Bybee to lead SBA lending operations First Internet Bank has promoted David Bybee to Senior Vice President of Government…

March 5, 2025 Bob ColemanFounder & Publisher SBA Loan Processing Delays? Share Your Experience in Our Survey We get mail…. From the manager of a bank SBA loan department: “I wanted to know if you have had conversations with or comments from other lenders regarding staffing at SBA. We are not yet a PLP lender, so…

March 4, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — ABA’s 8 Recommendations for the SBA 7(a) Loan Program Last week, during a Senate Small Business hearing, Itzel Sims of First Security Bank, representing the American Bankers Association, offered eight recommendations to “maintain the financial stability of the 7A program.” • SBA should…