May 15, 2023 Delaney SextonContributing Editor Main Street Monday – Continuous Climbing Interest Rates Burden Small Businesses “Now, the economy appears to be slowing. That will mean that the Fed will be under pressure to cut rates to stimulate the economy and support employment,” writes Bill Dunkelberg, the NFIB’s Chief Economist. “While savers are happily…

May 12, 2023 Delaney SextonContributing Editor Fraud Friday – Almost 200 Fraudulent Applications Lead to a 2+ Year Prison Sentence “The theft of any amount of taxpayer funds is inexcusable but stealing over $4.8 million dollars from honest, hardworking Americans truly in need of pandemic relief is simply abhorrent,” says U.S. Attorney Jason Coody. A…

Coleman’s 2023 SBA 7(a) Lender Compensation SurveyOur 30th Year! SBA Department ManagerSBA Sales ManagerSBA Business Development OfficerSBA Loan PackagerSBA Loan UnderwriterSBA Loan CloserSBA Loan Servicer/Liquidator $1600 for the 7-Report Bundleor $550 per report Order Online Here This year’s survey includes; ● Average Base Salary● Average Total Compensation● Salary Range● Compensation Range All the Performance Data…

May 11, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Jordan Hallam and Asu Suka SouthState Names Jordan Hallam as Director of Government Guaranteed Lending Jordan Hallam is promoted to director of Government Guaranteed Lending following the retirement of Mark Bryant. Hallam has been with SouthState for more than 11 years and most recently…

The effective date for the new SOP 50 10 7 is August 1, 2023. Download SOP 50 10 7 New Changes Include: Expectations:There will probably be a new 1919 coming out soon to reflect the changes in the SOP.There is no longer a requirement for a SBA loan authorization.Expect to see changes in the near…

May 10, 2023 Delaney SextonContributing Editor FLASH: SBA Publishes Loan Authorization Removal and Affiliation Procedural Notices Ahead of Final Rule Implementation “The Office of Capital Access announces a Procedural Notice on the implementation of SBA’s Final Rule on Affiliation and Lending Criteria for the SBA Business Loan Programs (88 FR 21074, effective May 11, 2023)…

May 9, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Over 80% of Small Businesses will Seek Financing This Year “Even with continued external pressures, small business owners are bullish about their business prospects in the coming year,” says Sharon Miller, President of Small Business, Head of Specialty Banking and Lending at Bank of…

May 8, 2023 Delaney SextonContributing Editor Main Street Monday – Credit Conditions Tighten for Most Small Business Owners Data from an April Goldman Sachs survey showed a prominent shift in small businesses’ ability to acquire capital, a shift that occurred in only a year’s time. Lou DeCuzzi, the President of DDR USA in Brunswick, Ohio,…

May 3, 2023 Recorded from the 2023 Mid-America Lender’s Conference in San Antonio, TX, April 20, 2023 Co-ChairsAmanda WeinandSVP, SBA Program ManagerBroadway Bank Leriegh MastFirst Bank of the LakeCTAGGL Board Justin Levy, CEO, iBusiness Funding Christine Foster, Texas SBA Certified Development Corporation Event OrganizerJennifer BlumigEventfullyYourz Joe GriltzMcCune Construction Services Group, LLC

May 1, 2023 Delaney SextonContributing Editor Main Street Monday – Community Advantage Lenders Given Permanence with New SBLC Licenses The current definition of underserved markets includes rural, low to moderate income, HUBZones, start-ups, and veteran-owned businesses. Women-owned and minority-owned small businesses are excluded from the label of underserved markets. Although they do not fall under…