Fraud Friday – 6.5 Year Sentence Handed Down After Bribing an SBA Employee in an EIDL Scheme
August 18, 2023 Delaney SextonContributing Editor Fraud Friday – 6.5 Year Sentence Handed Down After Bribing an SBA Employee in an EIDL Scheme It is reported that Nabil Dajani conspired with Joel Greenberg (a tax collector on pretrial release at the time) and an SBA employee to submit fraudulent EIDL applications containing false information. He…
Read MoreColeman Movers & Shakers – Amanda Aaron, Alex Kim, and Dennis Breitrick
August 17, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Amanda Aaron, Alex Kim, and Dennis Breitrick Amanda Aaron is Promoted to the Role of SBA Credit Officer at SouthStar Bank Amanda has 19 years of experience in the banking and finance industry as well as over 10 years of experience handling all facets…
Read MoreC-Suite Wednesday – Business Formations are Up 10% in July
August 16, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Business Formations are Up 10% in July The trend of new business growth seen in the last few years continues in 2023. In July 2022, the Census Bureau’s business formation statistics showed that there were more than 425,000 business applications. Last month, there were over 469,000…
Read MoreSBA Hot Topic Tuesday – SBA Disaster Lending Program, NO Interim Financing Available
August 15, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA Disaster Lending Program, NO Interim Financing Available As the Maui wildfires continue burning a week later, SBA lenders have expressed their desire to help with the disaster. In a rule that is effective for all disasters declared on or after July 31, 2023,…
Read MoreMain Street Monday – 88% of All Farms in the Country are Small Businesses
August 14, 2023 Delaney SextonContributing Editor Main Street Monday – 88% of All Farms in the Country are Small Businesses Across the country, there are almost 1.8 million small family farms (farms with gross cash farm income of less than $350,000) according to a recent report from the SBA Office of Advocacy. That accounts for…
Read MoreCorrectly Prepare the New (8/1) SBA Guaranty 7(a) Purchase Package – Webinar 9/13
SBA’s Universal Purchase Package is Now in Effect! Attend the Live Webinar EventWednesday, September 13, 20232:00 PM Eastern75-minute training with e-certification Lenders must be correct and precise in their completion of SBA’s new SBA 7(a) guaranty purchase request — to receive payment and not a guaranty repair or denial. WARNING TO LENDERS:Documentation for purchase. SBA…
Read MoreFraud Friday – Employees Claim Bank of America Paid Them Insufficiently During PPP
August 11, 2023 Delaney SextonContributing Editor Fraud Friday – Employees Claim Bank of America Paid Them Insufficiently During PPP A class action lawsuit was recently filed against Bank of America for allegedly paying their workers inadequately during the Paycheck Protection Program. Employees across the country worked grueling hours early in the pandemic to execute a…
Read MoreColeman Movers & Shakers – Joseph Pedrotti, Kevin Bieber, and Cody Beech
August 10, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Joseph Pedrotti, Kevin Bieber, and Cody Beech Joseph Pedrotti Named VP, Senior Commercial Lender for Pathfinder Bank “We are thrilled to welcome Joe to our team,” says Ronald Tascarella, First Vice President and Chief Lending Officer. “With his wealth of knowledge in commercial banking…
Read MoreC-Suite Wednesday – 25% of Small Businesses Had Their Borrowing Needs Met
August 9, 2023 Delaney SextonContributing Editor C-Suite Wednesday – 25% of Small Businesses Had Their Borrowing Needs Met In the last four months, business owners have shown a steady increase in small business optimism according to findings from the NFIB’s July Small Business Economic Trends report. Though optimism has risen throughout the summer months, uncertainty…
Read MoreSBA Hot Topic Tuesday – Small Business Lending Totals in the 10 Most Populated Cities
August 8, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Small Business Lending Totals in the 10 Most Populated Cities The SBA Office of Advocacy launched a new series titled Small Business Profiles for Major Metropolitan Areas. Of the data provided, the reports show small business lending trends in metropolitan areas across the country.…
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