March 28, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – 30% of Small Businesses are Borrowing Regularly “The much-anticipated recession has yet to make a meaningful appearance, if at all,” says Bill Dunkelberg, the Chief Economist for the NFIB. “Since mid-2021, reported average loan rates have risen from 5% to 8% (low compared to…

March 27, 2023 Delaney SextonContributing Editor Main Street Monday – Small Business Financing Approvals Surpass Pandemic Levels “The 2022 survey also marks the first since 2020 in which firms were more likely to say they sought traditional financing rather than pandemic-related funding. As pandemic related funding programs ended, the data show an accompanying rise in…

Webinar, Thursday, April 13 A Live Streaming Training Webinar What Lenders Need to Know to Ensure the Validity of the Loan Guaranty: • SBA Loan Dollar Amount Collateral Insurance Thresholds• Collateral Insurance Required at Loan Closing• Collateral Insurance Required During Servicing• SBA Loan Servicing Matrix• How and When to Force-Place Insurance• How and When to…

March 24, 2023 Delaney SextonContributing Editor Fraud Friday – Senate Small Business Committee Demands SBA to Prioritize Fraud “A primary focus of the SBA should be to aid in the recovery of the more than $100 billion in fraudulent and improper loans made through COVID relief programs. Report after report has been released from the…

March 23, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Diane Heyden and Thomas Vo Diane Heyden Joins Lincoln Savings Bank as SVP, Head of Government Guaranteed Lending Diane Heyden, Head of Government Guaranteed Lending, joined LSB remotely in January 2023. Diane has extensive experience in SBA lending. In her most recent experience, she…

March 22, 2023 Delaney SextonContributing Editor C-Suite Wednesday – OIG Warns of Potential Risks to 7(a) Program The Inspector General prepared a white paper to report on the 7(a) loan program’s performance during the pandemic and the possible risks that could affect the management of the program. According to the report, the average 7(a) loan…

In the most chaotic week 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 and your financial institution? This information and highly…

March 21, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Two-Thirds of Small Businesses Applied for Credit in 2020 The SBA’s Office of Advocacy released their annual Frequently Asked Questions About Small Business publication that “gathers the most up to-to-date statistics about American small businesses in one place.” Here are the key statistics formed…

March 20, 2023 Delaney SextonContributing Editor Main Street Monday – 7(a) Lending Surpasses $10.5 Billion in FY23 In fiscal year 2023, 7(a) lending is the highest it has been since 2018. As of the last day of February, almost $10.4 billion was approved, an increase of more than $2 billion compared to last year. Over…

March 17, 2023 Delaney SextonContributing Editor Fraud Friday – TD Bank Executive Sentenced to 10 Years After Orchestrating a PPP Fraud Scheme Daniel Hernandez, the former Regional Manager of TD Bank who previously overlooked 80 employees and over 20 bank branches, was sentenced after trying to obtain $25 million in PPP loans and EIDLs. The…