March 3, 2025 Bob ColemanFounder & Publisher Main Street Monday — Senate Small Business Chair Warns Increasing SBA 7(a) Defaults Jeopardize Zero Subsidy Model [Editor note: Zero subsidy is no cost to the taxpayer as SBA 7(a) program fees offset loan guaranty losses.] Last week’s Senate hearing, “Managing Risk for the Long-Term in the 7(a)…

February 28, 2025 Bob ColemanFounder & Publisher FRAUD FRIDAY — Britain Also Has COVID 19 Loan Fraud Problems COVID-19 PPP loan fraud is not a uniquely American problem. Our friends across the pond have a similar situation. In response to the global pandemic, the UK created their version of PPP, called the Bounce Back Loan…

February 27, 2025 Bob ColemanFounder & Publisher Movers & Shakers: Cotlow Joins CrossFirst, Harvest SBF Adds Mills and Satel as VP/BDOs Donna Cotlow Joins CrossFirst Bank as SBA BDO Donna Cotlow has more than 25 years of SBA lending experience in Arizona.  She started her career in 1994 and has since proven herself to be…

February 26, 2025 Bob ColemanFounder & Publisher SBA Administrator Loeffler Issues Memo on Day One Priorities Following her confirmation and swearing-in as the 28th Administrator of the U.S. Small Business Administration, Kelly Loeffler issued a Day One memo on Monday outlining her top priorities for the agency. “Small businesses are the backbone of our nation,…

February 25, 2025 Bob ColemanFounder & Publisher 52% of the SBA Lending Industry Supports SBA Employees Return to Office The response to our poll reveals passionate stances on both sides of the issue of whether SBA employees should return to the office 100% of the time. There is a good representation of both lenders and…

February 24, 2025 Bob ColemanFounder & Publisher New SBA Administrator Kelly Loeffler Announces Full Return to Office On her second day on the job, SBA Administrator Kelly Loeffler sends a message that she will be using social media to communicate her vision.  Writing on X last week, “This Friday afternoon you could hear a pin…

February 21, 2025 Bob ColemanFounder & Publisher Fraud Friday — Skilled Nursing Facility Company Pays $18 Million to Settle PPP Loan False Claim Act Allegations A CPA and licensed nursing home administrator filed a false claim lawsuit in 2022 against Unified Care Services, alleging that 16 skilled nursing home facilities improperly received $15 million in…

February 20, 2025 Bob ColemanFounder & Publisher Kelly Loeffler Confirmed as New SBA Administrator Yesterday, by a vote of 52-46, the United States Senate confirmed Kelly Loeffler as Administrator of the SBA. Congressman Rick Allen of Georgia says, “With Kelly Loeffler at the helm of the SBA, small business owners throughout the state of Georgia…

February 20, 2025 Bob ColemanFounder & Publisher Movers & Shakers Thursday — Erickson Joins TMC, First Internet Bank Names Porter Vice President, OptimumBank Gets PLP  Andrew Erickson Named Senior Vice President, Business Development Officer Servicing California’s Inland Empire “We are excited to welcome Andrew to the team,” says Kurt Chambliss, EVP of Business Development at…