June 30, 2023 Delaney SextonContributing Editor Fraud Friday – Guilty PPP Fraudster Obstructs Justice Amongst His Other 44 Charges “The brazen fraud scheme committed in this case simply for personal gain harmed legitimate businesses in need. This conviction sends a clear message that those who defraud the federal government of pandemic relief funds will be…

June 29, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Benjamin Brown, Skip Canavan, and Ellen Hammer Benjamin Brown Joins the Economic Development Corporation of Jefferson County as Director of Small Business Development “I’m really excited about this,” Litton says of recruiting Brown to her team. “We’ve visited a lot of people over the…

June 28, 2023 Delaney SextonContributing Editor C-Suite Wednesday – New Restaurant Openings and Consumer Interest Are On the Rise “Amid economic uncertainty, the restaurant industry has experienced a strong comeback with new business openings up 10% nationally between April 2022 and March 2023 compared to April 2021 and March 2022,” reads a Yelp Economic Average…

The New SBA 50-10 7 Policy and Allowance of Partial Interest FinancingWednesday, June 28, 2023 1:00 PM – 2:00 PM EDThttps://global.gotowebinar.com/register/855010555Dial +1 (562) 247-8422Access Code: 452-731-421Audio PIN: Shown after joining the webinarWebinar ID: 855-010-555 Featuring Scott Gabehart, BA, MIM, CBA, CVA, BCACertified Business AppraiserCertified Valuation AnalystBusiness Certified AppraiserBizEquity, LLC This webinar will discuss the following…

Managing Compulsory SBA Lender Regulations In Another Brand New SOPEffective August 1, 2023 Site License includes access to our new Coleman Training Live Stream Webinar Thursday, July 13 (Live Session)2:00 p.m. Eastern 75-minute training with e-certification Download a Registration Form The SBA’s just released SOP for Lender and Development Company Loan Programs (SOP 50 56…

June 27, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA Releases the First Ever SOP 50 56 1 Set to take effect August 1, 2023, SBA published the new SOP 50 56 1 for Lender and Development Company Loan Programs. On Thursday July 13th at 2 p.m. Eastern, Coleman will hold the “Managing…

June 26, 2023 Delaney SextonContributing Editor Main Street Monday – Keeping up with Regulatory Changes Creates Difficulties for Lenders Last week, the “Futureproof Your Credit Department: Technology That Delivers” webinar and Coleman Report Live! show gave insights into the sentiment and priorities of SBA loan departments. Here are survey results based on the responses of…

June 23, 2023 Delaney SextonContributing Editor Fraud Friday – SBA Express Loan Scheme Leads to Guilty Pleas from 2 Loan Brokers Two loan brokers pled guilty to conspiracy to commit bank fraud after defrauding the SBA and a Massachusetts bank. The SBA Express loan scheme they carried out earned the fraudsters $270,000 while the bank…

June 22, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Suria El Bietar, Seth Hallock, and Jason Torres Ameritrust CDC Introduces Suria El Bietar, Vice President of Business Development Suria has been a licensed commercial real estate broker in Washington State and has worked in commercial real estate for the last 25 years. Suria has…

June 21, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Small Businesses are Spending More Money in 2023 In 2023, the NFIB found that small business spending has been higher compared to their average spending in 2022. When small businesses made capital outlays in the last few months, they have also been spending a greater amount…