April 4, 2023By Anna Griggs According to Amanda Hite, the president of STR, the hotel industry is expected to experience significant growth in 2023. Hite believes that the industry’s performance will be “pretty remarkable, with demand remaining strong due to a substantial return in group business”. Although business travel has some room for growth, Hite…

April 3, 2023 Delaney SextonContributing Editor Main Street Monday – CFPB Finalizes Rule to Collect Small Business Lending Data On March 30, the Consumer Financial Protection Bureau (CFPB) finalized a rule that increases transparency in small business lending, promotes economic development, and combats unlawful discrimination. Crucial for small business lenders to know: • Traditional and…

March 31, 2023 Delaney SextonContributing Editor Fraud Friday – CEO of PPP Lender Pleads Guilty, Agrees to Pay $71.7 Million “In the depths of the COVID-19 pandemic, Martinez lied to get money that was supposed to help people.  His abuse of the system during a terrible time has now been brought to light.  Martinez took…

March 30, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Rina Moreno and Brian Konwar John Marshall Bank Hires Rina Moreno as Vice President, Business Development Officer  “I am excited for Rina to join the JMB team as one of our Business Development Officers,” states Sheila Yosufy, EVP, Director of Sales. “She has a…

March 29, 2023 Delaney SextonEditor C-Suite Wednesday – Coleman’s First Small Business Lender Index Results Thanks to all the participants of the first Coleman Small Business Lending Index survey! These are the results from the month of March. Loan Originations When asked about loan origination opportunities at their financial institution, almost half of the respondents…

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…