February 7, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – GAO Reports to Congress About COVID Fraud and Improper Payments At the beginning of February, the U.S. Government Accountability Office published a report about emergency relief funds and the improvements that are necessary to address fraud and improper payments. The report was used as…

February 7, 2023 Joseph ColemanEditor The State Small Business Credit Initiative (SSBCI) outlined the key benefits of California Small Business Loan Program last week during a webinar for lenders and financial institutions. They told lenders nationwide that “all eyes are on California” as they set the precedent for new regulations on state small business lending…

February 6, 2023 Delaney SextonContributing Editor Main Street Monday – Senator Ernst Welcomed as Senate Committee Ranking Member “I’m honored by the confidence my colleagues have placed in me to help lead this important committee,” says Ranking Member Joni Ernst. “Over the last three years, Mainstreet USA has faced some of the toughest challenges in…

February 2, 2023 Joseph ColemanEditor The State Small Business Credit Initiative (SSBCI) held a webinar today detailing the benefits of it’s largest allocated SBLG in California. With $1.2 Billion in authority, the SSBCI 2.0 detailed how lenders can work with a network of lending partners to create jobs for underserved communities. Here are the benefits…

February 3, 2023 Delaney SextonContributing Editor Fraud Friday – Three Companies Agree to Pay More than $500,000 to Settle False Claims Act Allegations “PPP loans were intended to help qualified businesses retain their employees and pay other bills during the pandemic,” says U.S. Attorney Stephanie M. Hinds for the Northern District of California. “This Office…

February 2, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Jeffrey Freiert, Tamoor Ijaz, and David Huisman Jeffrey Freiert Joins FNBC Batesville as Community President “Batesville has always been an important growth market for our organization,” says FNBC President & CEO Marty Sellars. “Jeffrey’s experience, leadership strength and key community connections will be a…

February 1, 2023 Delaney SextonContributing Editor C-Suite Wednesday – House Small Business Committee Passes 3 Bipartisan Bills Recently, the House Committee on Small Business announced that three bipartisan small business bills were passed. Since then, all three bills have been received in the Senate. H.R. 399, Small Business Advocacy Improvements Act of 2023 – The…

February 1, 2023 Joseph ColemanEditor The Department of Financial Protection & Innovation has released portal filing instructions for franchise registrations in the state of California. New Portal Account Registration: If you are creating a new portal account to file a Franchise application, use Option B Your account should be approved within five (5) business days.…

January 31, 2023 Joseph ColemanEditor The California Department of Financial Protection and Innovation (DFPI) announced today that it has issued enforcement actions against multiple debt collectors for unlicensed activity under the Debt Collection Licensing Act (DCLA) and unlawful and deceptive acts or practices in violation of the California Consumer Financial Protection Law (CCFPL). The subjects…

January 31, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Senate Proposes Payroll Tax Relief for RRF Applicants “While the American Rescue Plan saved thousands of restaurants, its Restaurant Revitalization Fund left too many behind. I believe we need to replenish the Fund and will keep pressing to do so. We are re-introducing the…