Navigating the New Banking Landscape: Strategies and Solutions After the most chaotic few months in banking since the Global Financial Crisis, the banking crisis eased, but challenges and opportunities still remain. Join our excellent team on a follow-up from our March webinar as we cover the following topics: -Is the banking crisis over?-Q2 Bank Earnings…

July 25, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – The House Small Business Committee is Requesting Former Associate Administrator Patrick Kelley’s Communications Last week, Chairman Roger Williams of the House Committee on Small Business sent a letter to Administrator Isabella Guzman requesting the communications and documents related to the proposed rulemaking changes to…

July 24, 2023 Delaney SextonContributing Editor Main Street Monday – The Transportation Industry is at the Head of the Rise in Loan Delinquencies & Defaults Equifax’s July Commercial Strategic Insights found that small business lending across the nation increased 4.4 points or 3% in May. The Small Business Lending Index reading in May also showed…

July 21, 2023 Delaney SextonContributing Editor Fraud Friday – 14 Years Later, Former Bank Director Found Guilty of 5 Counts of Bank Fraud “Mendel Zilberberg, while working as a practicing lawyer and serving as a director of Park Avenue Bank, ignored his duties and took advantage of the bank, viewing it as the object of…

July 20, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – John Hanlon, Philip Converse, and Russell Skinner North State Bank Names John Hanlon as VP, SBA Business Development Officer “With three decades and counting working with small businesses, John is more than a lender; he’s a trusted wealth of expertise,” comments Marty Ferguson, Director…

Removing Defaulted and Unforgiven Loans From Your Books by September 30, 2023 Attend the Live Webinar EventWednesday, August 23, 2pm Eastern. Webinar Order Form The public spat between SBA and the Inspector General about how much fraud is in the PPP loan program ($36 billion? $200 billion)? has spilled over to Congress to referee. The…

July 19, 2023 Delaney SextonContributing Editor C-Suite Wednesday – 67% of Small Businesses Rely on Small & Regional Banks “Small business banking is a critical component of every small business,” says Holly Wade, Executive Director of NFIB’s Research Center. “Small business owners rely on their banks to help manage cash flow, expand their business, and receive…

July 18, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – 7(a) Lending Surpasses the Previous Four Years As of June 30, 2023, SBA has approved 40,637 7(a) loans, totaling $19.28 billion. $14 billion of the total dollar amount is the SBA guaranty amount. Compared to the same time last year, the 7(a) dollar amount…

July 17, 2023 Delaney SextonContributing Editor Main Street Monday – Borrowers are Paying the Highest Short Maturity Interest Rates Since June 2007 “All eyes are on the Federal Reserve, which has signaled that it might raise interest rates by half a point (50 basis points) by year end. Higher rates will discourage borrowing to finance…

July 14, 2023 Delaney SextonContributing Editor Fraud Friday – House Hearing Reveals $650 Billion in Likely Pandemic Fraud and “Swindler Barbie” “Given the drastically different figures in these reports, and the lack of an adequate plan to recoup these stolen taxpayer funds, we invited SBA Administrator Guzman to join us here today. But as you…