January 19, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Alan Peterson and Peoples Bank First Internet Bank Announces Alan Peterson as VP, Senior Business Development Officer “Alan has operated in the SBA arena for the last ten years and is expected to make a big impact right out of the gate”, states SBA…

January 18, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Record Numbers of Business Startups During the Pandemic “One surprising phenomenon that has come out of COVID-19 has been the recent rise in business applications measured by the Census Bureau’s Business Formation Statistics (BFS). As of September 2022, monthly business applications have exceeded pre-pandemic highs in…

January 17, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Southern States See Higher Delinquency and Default Rates Overall, small business conditions are better in northern states while southern states tend to have less positive small business conditions according to PayNet’s market insights. Default rates in the United States improved while delinquencies and small…

January 13, 2022 Delaney SextonContributing Editor Fraud Friday – Ex-TD Bank Executive Guilty of $17 Million PPP Fraud Daniel Hernandez worked at TD Bank overseeing 80 employees at 27 different branches as a Market Manager until he orchestrated a PPP fraud scheme. He was fired from the bank in August 2022 and pleaded guilty to…

Ten Compliance Checklist Items to Implement Immediately A New Coleman Webinar for SBA Loan Underwriters! A Coleman Training Webinar Date: Wednesday, February 15, 2023 Time: 2:00 p.m. Eastern Download a Registration Form a 75-minute training class that lets staff earn e-certification Says the SBA, “The SBA has immediately suspended non-lenders Blueacorn and Womply, companies that…

January 12, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Eddie Tuvin, Coleman Publishing Internship, and 2023 SBA Lending Conference Schedule Atlantic Union Bank Wholesale Lending Welcomes Eddie Tuvin as SVP of C&I Business Lending Tuvin is responsible for middle market M&A finance with businesses having annual revenues in excess of $5 million to…

“As a lifelong small business owner, I am both humbled and honored to serve as Chairman of the House Committee on Small Business. From out-of-control inflation to broken supply chains, I have firsthand experience dealing with the current problems facing America’s job creators. As the Republican majority works on solutions to these pressing issues, it…

Meeting the likely ability to repay standard A New Coleman Webinar for SBA Loan Underwriters! A Coleman Training Webinar Date: Wednesday, January 25, 2023 Time: 2:00 p.m. Eastern Download a Registration Form a 75-minute training class that lets staff earn e-certification With a rising Prime Rate correctly anticipating interest costs of your SBA loan borrower…

January 10, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – 50% of Small Business Owners Expect the Economy to Worsen “The negative impact of the dramatic increase in interest rates has not been fully felt, and more rate hikes are almost certain early in the year,” says NFIB Chief Economist Bill Dunkelberg. “Overall owners…

January 9, 2023 Delaney SextonContributing Editor Main Street Monday – 85% of Businesses Expect Increasing or Similar Capital Needs in 2023 “Attitudes about the national economy also have changed. Roughly one-fourth (22%) are optimistic about the U.S. economy this year, down sharply from 50% in 2022. Notably, 65% of business leaders in the United States…