November 25, 2022 Delaney SextonContributing Editor Fraud Friday – Fugitive Couple Extradited from Montenegro for $20 Million Fraud In June 2021, a couple from California, Marietta Terabelian and Richard Ayvazyan, were convicted for a PPP and EIDL fraud scheme. Toward the end of August 2021, they cut their tracking bracelets and fled the United States.…

November 23, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Senator Cardin Introduced Bill to Make Community Advantage Permanent “The Community Advantage pilot program has proven to be an effective tool in reaching traditionally underserved entrepreneurs,” says Senator Ben Cardin, Chairman of the Senate Committee. “Minority and women-owned businesses are the fastest-growing groups of firms in…

November 22, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA FY23 7(a) Loan Approvals Up 130% “People are certainly unsure of what’s going to happen,” says John Reosti of American Banker during the Coleman Report Live! show. “People are expecting some type of recession in 2023. It seems like conventional lenders are tightening…

November 21, 2022 Delaney SextonContributing Editor Main Street Monday – Two-Thirds of Small Businesses on eBay Reach Three or More Countries “Small businesses are the backbone of eBay, and our platform exists to power their success at every stage of their journeys. eBay sellers bring incredibly diverse inventory to our marketplace — united by a…

November 18, 2022 Delaney SextonContributing Editor Fraud Friday – Community Bank Loan Officer Pleads Guilty in $1.2 Million Misapplication Scheme “Banks are institutions that people trust with their life savings, and Fowler tarnished that trust by violating his position and greedily misusing customers money,” says Keri Farley, Special Agent in Charge of FBI Atlanta. “Fortunately,…

November 17, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Steven Cunningham, Tim Collins, and Carolyn Gegg WSFS Bank Names Steven Cunningham SVP, Director of SBA Sales “Steven is a skilled SBA commercial manager and lender with an extensive background and breadth of knowledge of SBA programs, business banking, commercial real estate, and more,”…

November 16, 2022 Delaney SextonContributing Editor C-Suite Wednesday – House Republican Leader Concerned about SBLC Moratorium Proposal “Lifting the Small Business Lending Company (SBLC) moratorium, which has been in place since the early 1980s without acknowledging their oversight and regulatory deficiencies is a major issue. Now more than ever, the SBA should be working to…

November 15, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – New IRS Form 4506-C Effective March 2023 The new IRS Form 4506-C has been published by the IRS and is available online. There were only two minor changes from the previously published draft: a typo was fixed in the Signature of taxpayer(s) statement and…

November 14, 2022 Delaney SextonContributing Editor Main Street Monday – Businesses in All States are Continuing to See Rising Inflation “Local businesses and communities now face a new set of challenges in addition to the lingering impacts of the pandemic, from continuing supply chain issues and delays, workforce shortages and reductions, and the highest inflation…

November 10, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Ben Rosensweet, Gulf Coast Small Business Lending Team, and Momentus Capital First Internet Bank Appoints Ben Rosensweet As VP, Senior BDO “The lending expertise Ben has is broad-based and fits neatly into our business model. Our national platform will allow him to help small…