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…

November 9, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Business Ownership is Driven by Opportunity, Not Necessity In a report released yesterday, the SBA Office of Advocacy discussed the reasons small business owners chose to run a business. “While making money is a large reason business owners work for themselves, personal reasons can be just…

November 8, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA Proposes to Add Three More SBLC Licenses “SBA has determined that certain markets where there are capital market gaps continue to struggle to obtain financing on non-predatory terms. Therefore, SBA is proposing to lift the moratorium on licensing new Small Business Lending Companies…

November 7, 2022 Delaney SextonContributing Editor Main Street Monday – Customers Bank will Pay $58 Million to Kabbage for PPP Dispute In the first round of PPP in 2020, Kservicing, formerly known as Kabbage, processed Customers Bank’s PPP loans and earned $47 million in servicing fees. The bank paid the fees for the first round…

November 4, 2022 Delaney SextonContributing Editor Fraud Friday – Restaurateur Pleads Guilty to PPP Fraud and Making Interstate Threats “As he admitted in court today, Besim Kukaj conspired with others to try to secure more than $3.5 million dollars in government-backed loans intended for businesses devastated by the COVID-19 pandemic. Kukaj told banks that his…

November 3, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Kelly Jackson, Brian Evans, First Business Bank SBA Team, and TMC Financing Kelly Jackson joins First Bank of the Lake as SVP, SBA Healthcare and Commercial Real Estate West Sales Manager “Kelly is a top performer who has proven to be a trusted advisor…