June 20, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Bankers are Reporting Tightening Credit Standards and Less Demand Recently published by the SBA Office of Advocacy, the June 2023 Small Business Economic Bulletin informs that most small business indicators are looking positive. “However, instability in the banking sector and increasing interest rates could…

June 16, 2023 Delaney SextonContributing Editor Fraud Friday – The Success of Pandemic Relief Outweighs the Fraud “To state the obvious, it is bad to defraud the government, and it is good that the money is being recovered. But this is simply less notable than the millions of people whose lives were saved and improved…

June 15, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Lee Golden, Paul Jastrzebski, and Five Star Bancorp Sanibel Captive Community Bank Adds an SBA Lending Unit Led By Lee Golden “For many small business owners, finding the right source of funding can be difficult,” SanCap President and CEO Kyle DeCicco says in the…

SOP 50 57 37(a) Loan Servicing and LiquidationEffective August 1, 2023 Coleman WebinarNew SOP 50 57 37(a) Loan Servicing and LiquidationDate: Thursday, June 22, 2023 The new SBA SOP 5057 challenges lenders to new requirements and responsibilities in the first revision to 7(a) servicing and liquidation rules since 2015. Effective August 1, 2023, the SBA…

June 14, 2023 Delaney SextonContributing Editor C-Suite Wednesday – How SBA Lenders Can Determine Franchise Eligibility SBA lenders must obtain the Franchise Disclosure Document (FDD) which contains information about the franchisor and the franchisee system. This includes the franchisor’s background, the costs and fees associated with the franchise, the obligations of the franchisor and franchisee,…

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June 13, 2023 Delaney SextonContributing Editor Hot Topic Tuesday – Average Interest Rate for Short-Term Loans Drop in May “For small businesses, it is the availability of credit, and not its cost, that is important to owners. Since April 2020, the average loan rate paid by owners has risen from 4% to over 8%, but…

June 9, 2023 Delaney SextonContributing Editor Fraud Friday – TikTok Influencer Pleads Guilty After Being Caught with 79 Fraudulent Loan Applications A former social media influencer, Denish Sahadevan, entered a guilty plea for defrauding the SBA out of more than $1.2 million in PPP and EIDL loans. He is scheduled to be sentenced in September…

June 8, 2023 Delaney SextonContributing Editor Coleman Report – California Commercial Real Estate Markets Struggling Amidst Migration During the Navigating Uncharted Waters: CRE Lending in the Midst of Market Disruption webinar, the speakers were asked: It was mentioned LA and San Francisco were the two worst CRE markets in the country. Are there any markets…

June 7, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Small Business Lending and Delinquencies Are Climbing “In March, the Equifax Small Business Lending Index increased to its highest point in almost two years, defying the broader slowdown taking hold in the U.S. economy. Main Street has always found ways to adapt to ever-changing economic conditions,…