September 9, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Missouri Lenders For fiscal year 2024, these are the lending statistics by Missouri lenders as of September 8, 2024:

September 6, 2024 Delaney SextonContributing Editor Trucking Company Owner Starts 5 Illegal Trucking Businesses with PPP Loan Proceeds – Fraud Friday “Billingslea falsified documents in order to receive PPP funds to operate illegal and unsafe businesses that he was ordered to stop operating,” says U.S. Attorney Ryan K. Buchanan. “He has now been held accountable…

September 5, 2024 Delaney SextonContributing Editor Small Businesses with EIDL Debt Have Difficulties Getting the Financing They Need During the pandemic, there were two key programs for small businesses to turn to as they weathered unstable economic conditions: the Paycheck Protection Program and the COVID-19 Economic Injury Disaster Loan Program. Lenders have spent the last…

September 5, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Minnesota Lenders For fiscal year 2024, these are the lending statistics by Minnesota lenders as of September 3, 2024:

September 4, 2024 Delaney SextonContributing Editor Rising Small Business Optimism Could Forecast Easier Financial Conditions “Small businesses play a disproportionately large role in our labor markets: half the Americans that work for a private business work for a small one. And with entrepreneurship surging since the pandemic, that role is poised to grow further. Americans…

September 4, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Michigan Lenders For fiscal year 2024, these are the lending statistics by Michigan lenders as of September 3, 2024:

September 3, 2024 Delaney SextonContributing Editor Dennis McLean Joins Lake Michigan Credit Union as Vice President of Commercial Lending “More than anything, Dennis is tenacious. He tirelessly advocates for members and won’t rest until he delivers the results they’re looking for — and then some,” says LMCU’s Senior Vice President of Commercial Lending in Sarasota,…

September 3, 2024 Delaney SextonContributing Editor Cornerstone Capital Bank Appoints Paul Woo as Chief Financial Officer “We are delighted to welcome Paul to our executive leadership team,” says Cornerstone President and CEO Scott Almy. “Paul’s impressively broad and deep background will be instrumental in helping us to realize our growth and performance goals.” Woo has over…

September 3, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Maine Lenders For fiscal year 2024, these are the lending statistics by Maine lenders as of September 2, 2024:

August 30, 2024 Delaney SextonContributing Editor SBA Employee Accused of Executing $435,000 EIDL Fraud Scheme – Fraud Friday During the pandemic, Faruk Syed was employed at the SBA as a loan specialist working on COVID Economic Injury Disaster Loans. His responsibilities included reviewing COVID EIDL applications and approving the loans. Now, Syed is accused of…