January 6, 2023 Delaney SextonContributing Editor Fraud Friday – Loan Officer’s Warnings Ignored in Massive Bank Fraud By the time the bank closed, bank executives’ unsound lending practices and bad loans cost the FDIC almost $1 billion. Frank Adolph, a businessman and borrower, along with his related entities ultimately owed the bank and contributed to…

January 5, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Dean Aloe and Chris Bane Two Commercial Real Estate Veterans Join Mission-Based Lender TMC Financing “We are delighted to announce the addition of Dean Aloe to our Southern California team, as well as Chris Bane, who will offer his expertise in our Arizona market,”…

January 4, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Two-Thirds of Small Businesses in Good Health Despite Inflationary Pressures “It’s promising to see small business owners optimistic about the health of their own businesses and comfortable with their cash flow heading into 2023,” says Cynthia Smith, SVP, Regional Business at MetLife. “It is also clear,…

January 3, 2023 Update – Meet the New House Chair Part Two We wish to clarify our reporting as we have received additional information since the release of the SBA Hot Topic Tuesday article. Luetkemeyer will not be the Chair of the House Small Business Committee.

By Joseph Coleman The California Department of Financial Protection & Innovation has issued policy guidelines through FAQs to become a licensed broker for small business lending in the state of California. What is a broker under the California Financing Law?The definition of “broker” includes any person engaged in the business of negotiating or performing any…

December 29, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Edward Haddock and Nick Rockhill FNBC Hires Edward Haddock to Lead its Small Business Division “FNBC is fortunate to have recruited one of the best SBA minds and leaders in Arkansas,” says Chad Hudson, Regional President & Chief Lending Officer. “Edward and I have…

December 28, 2022 Delaney SextonContributing Editor C-Suite Wednesday – 88% of Small Businesses will Use Suppliers Near Home in 2023 “The biggest surprise in the research is that nearshoring is happening much faster than predicted at small businesses,” says Olivia Montgomery, Associate Principal Supply Chain Analyst at Capterra. “What’s less surprising, but equally critical, is…

December 23, 2022 Delaney SextonContributing Editor Fraud Friday – Fraudster Applies to Work for Police Department During COVID Fraud Scheme “The defendant’s guilty plea should reflect our continued resolve to investigate and prosecute those who try to exploit a national emergency to steal taxpayer-funded resources by using the global pandemic as an opportunity to defraud…

December 22, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Joe Diggs, Kim Eells, and Gulf Coast Small Business Lending BDOs First Bank Welcomes Joe Diggs and Kim Eells to SBA Lending Team First Bank’s Specialty Lending Executive, Jerry Kinlaw, says of Diggs and Eells joining First Bank, “Joe and Kim both bring so…

December 21, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Highest SBA Interest Rates in 15 Years After the Federal Reserve’s rate raised interest rates by 50 basis points last week, SBA loans will have interest rates in the double digits for the first time since 2007. The prime rate was at 3.25% for two straight…