April 20, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Brad Abbey, Michael Davis Luong, and Michael Lankford Brad Abbey Joins American Momentum Bank as SVP, Senior Commercial Relationship Manager “Brad is a lifelong Florida resident and has been active in the Tampa Bay commercial lending market for many years,” says Porter Smith, Tampa…

April 18, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – More Small Businesses’ Credit Needs Are Satisfied “Optimism has been at recession levels for a year. But unexpectedly strong consumer spending has kept Main Street alive and supported strong labor demand,” reads the March NFIB Small Business Economic Trends report. Here is what small…

Balancing Act: Bank Risk Management During GFC 2.0 In the most chaotic month in banking since the Global Financial Crisis, the failures of Silicon Valley Bank and Signature Bank sent shockwaves throughout the financial markets, resulting in unprecedented volatility in bank stocks, bank runs, and massive federal intervention. What does this mean for the economy…

April 17, 2023 Delaney SextonContributing Editor Main Street Monday – Congress Displays Unease with New SBA Rules Last week, the SBA announced two final rules to take effect in May. Some of the changes in the rules include lifting the SBLC moratorium, removing the Loan Authorization, streamlining the application process, and updating lending criteria. Chairman…

NEW SBA SOP 50 10 7 Regulation Changes Site License includes access to our new Coleman Training Live Stream Webinar Wednesday, June 7 (Live Session)2:00 p.m. Eastern 75-minute training with e-certification Download a Registration Form The new SOP 50 10 7 has been released. The effective date for the new SOP 50 10 7 is…

April 14, 2023 Delaney SextonContributing Editor Fraud Friday – Former Fraudster Pleads Guilty to SBA Loan Fraud & Ponzi Scheme “As he admitted in court today, between June 2020 and April 2022, Franklin Ray engaged in four separate fraudulent schemes by lying about the business operations of his purported trucking companies, including two separate PPP…

April 13, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Bruce Boddie, Momentus Capital, SBA After PPP, and MALC Bruce Boddie Joins VelocitySBA as Southeast Regional Sales Manager “Bruce Boddie is a great addition to VelocitySBA. A tremendous talent and a significant milestone in our strategic growth plan as a premier nationwide SBA lender,”…

April 12, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Loan Authorization Requirement to be Removed, New SBLC Licenses During the 7(a) Quarterly Connect Call held by the SBA, it was announced that the final rule for the SBLC Moratorium Recission and Loan Authorization Removal would be published today. These are important details from the final…

April 11, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – The New Regulatory Changes to Lending Criteria and Loan Conditions After closing the comment period, the SBA received 146 comments on the changes within the proposed rule. The SBA addressed the comments on specific regulatory changes throughout the final rule. Here are the regulatory…

April 10, 2023 Delaney SextonContributing Editor Main Street Monday – SBA Will Remove the Franchise Directory in May On May 11, 2023, the final rule that the SBA published today will be effective. As a result, the SBA will no longer be publishing the Franchise Directory beginning on that day. The SBA reportedly received 54…