C-Suite Wednesday – SBA Leaders to Return to Office in the Coming Weeks
September 13, 2023 Delaney SextonContributing Editor C-Suite Wednesday – SBA Leaders to Return to Office in the Coming Weeks All political appointees, members of the Senior Executive Service, and senior-level staff will be transitioning to working in person at least five days per pay period beginning on September 25th. On November 5th, remaining telework-eligible managers…
Read MoreSBA Hot Topic Tuesday – New Businesses are Up 25% in 2023
September 12, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – New Businesses are Up 25% in 2023 In a recent study, Yelp reported that the number of new small businesses in 2023 is set to beat 2022’s all-time high. Minority-owned businesses and businesses in the hotel & travel industry are flourishing beyond the national…
Read MoreMain Street Monday – New Simplified Secondary Market Late Payment Penalty Calculations
September 11, 2023 Delaney SextonContributing Editor Main Street Monday – New Simplified Secondary Market Late Payment Penalty Calculations Starting this month, all 1502 secondary market payments with a late penalty assessed will use a simplified one-part calculation: $100 or 5% of the Remitted Amount (whichever is greater of the two) There is still a $5,000…
Read MoreFraud Friday – First NBC Bank President/CEO Sentenced to 14 Years in Prison
September 8, 2023 Delaney SextonContributing Editor Fraud Friday – First NBC Bank President/CEO Sentenced to 14 Years in Prison “Ashton Ryan’s years-long deceit caused at the time, one the biggest bank failure in America in over a decade,” says United States Attorney Duane A. Evans, “and with this sentence, he rightfully takes his place as…
Read MoreColeman Movers & Shakers – David Baker, Eric Manning, and Edi Santos
September 7, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – David Baker, Eric Manning, and Edi Santos First Business Bank Welcomes David Baker as Vice President, SBA Lending With more than 13 years of experience in SBA Lending, David has cultivated a deep understanding of the sector and takes pride in building relationships with…
Read MoreNew SBA Form 159 Disclosure Requirements
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Read MoreColeman On-Demand Library
Need to have a Highly Complex SBA Loan Subject Material Broken Down into an Easy-to-Understand Format? You can! By gaining SBA Expertise with a 75-minute Coleman On-Demand Training Module! Library Details Each individual On-Demand webinar is $499. The library module is sold as an unlimited site license and may be viewed by anybody in your…
Read MoreColeman’s Certified SBA Loan Training
Coleman’s Certified SBA Loan Broker Training Taught by Bob Coleman– Semi-monthly Zoom calls & 8-week recommended course format (view syllabus here)– Monetize your referrals and solve your client’s capital needs– Includes 6 months of attendance at the Coleman Lender and Loan Broker Table– Learn all about SBA eligibility and underwriting requirements that will allow you…
Read MoreSBA Hot Topic Tuesday – Small Businesses Support More Than Half of Rural Employment
September 5, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Small Businesses Support More Than Half of Rural Employment The Federal Reserve Bank’s Small Business Credit Survey shows that 15% of all small businesses with employees are in rural areas. Though rural small businesses make up a small portion of all small businesses, they…
Read MoreFraud Friday – Attorney who Stole Funds for St. Jude’s Children’s Hospital Pleads Guilty to PPP Fraud
September 1, 2023 Delaney SextonContributing Editor Fraud Friday – Attorney who Stole Funds for St. Jude’s Children’s Hospital Pleads Guilty to PPP Fraud A disbarred attorney’s PPP and EIDL fraud was discovered by prosecutors after she lied to the court about her employment status in a separate case. The subsequent investigation revealed that Darlene Baker…
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