Movers & Shakers — Gay Schwere, Gabriele Distler, Deangelou Stevenson, & Juliana Totta Land New Gigs
May 1, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Gay Schwere, Gabriele Distler, Deangelou Stevenson, & Juliana Totta Land New Gigs Gay Schwere Joins Stone Bank as VP/Business Development Officer Gabriele Distler Joins EverBank as Senior Underwriter Deangelou Stevenson Joins Veritex Bank as GGL Business Development Officer Juliana Totta Named Senior Vice President…
Read MoreTHIS JUST IN! — Herndon to Purchase all SBA 7(a) Small Loans, Fresno Becomes the Lead Contact for Loan Servicing Center Actions
April 30, 2025 Bob ColemanFounder & Publisher THIS JUST IN! — Herndon to Purchase all SBA 7(a) Small Loans, Fresno Becomes the Lead Contact for Loan Servicing Center Actions Citing greater efficiency and a better “customer service” experience, Fresno will be the point of contact for all SBA loan servicing actions. And the National Guaranty…
Read MoreSBA Hot Topic Tuesday — SBA’s 7(a) Loan Calculator
April 29, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA’s 7(a) Loan Calculator Buried in the news of last week’s new SOP 5010 8 is an updated SBA 7(a) Loan Guaranty Calculator. Download the spreadsheet from SBA’s website here: https://www.sba.gov/document/support-sba-7a-loan-guaranty-fee-calculator PS — Registration is still open for today’s 2 pm Eastern new…
Read MoreRestaurant Franchise Operators Expect Traffic Decline in 2025 Says Citizens Bank
April 28, 2025 Bob ColemanFounder & Publisher Restaurant Franchise Operators Expect Traffic Decline in 2025 Says Citizens Bank The Citizens Bank April 2025 Restaurant Industry Insights reported on an event sponsored by the bank for multi-unit franchise owners. A survey completed by leading multi-unit franchise operators in attendance yielded insightful feedback. Results revealed that 89%…
Read MoreFraud Friday — Family Affair: Man and Sister-in-Law Plead Guilty in $19 Million Real Estate Loan Fraud Scheme
April 25, 2025 Bob ColemanFounder & Publisher Fraud Friday: Family Affair: Man and Sister-in-Law Plead Guilty in $19 Million Real Estate Loan Fraud Scheme In a tangled web of deceit spanning Massachusetts and Connecticut, a husband, wife, and sister-in-law have been caught orchestrating a massive $19 million loan fraud conspiracy. The scheme, which unraveled this…
Read MoreSBA 7(a) Small Loans and the New SOP 5010 8 — 5/14
A Comprehensive Review: Writing the Credit Memo for Loans Less than $350k and $50k A Coleman WebinarDate: Wednesday, May 14, 2025 Time: 2:00 p.m. EasternIncludes e-certification & recording The new SBA SOP 5010 8 has redefined the Administration’s version of its small loan program. Reduced to $350,000, there are special rules lenders may utilize for…
Read MoreMarty Teckler Joins Starfield & Smith, Accion Passes $1 Billion in Fundings
April 24, 2025 Bob ColemanFounder & Publisher Marty Teckler Joins Starfield & Smith, Accion Passes $1 Billion in Fundings Marty Teckler Joins Starfield & Smith The national expert in SBA SBLC and SBIC licensing has joined the SBA Industry’s boutique law firm of Starfield & Smith as Senior Counsel. With over 30 years of experience,…
Read MoreTakeaways from SBA 7(a) Quarterly Connect Call
April 23, 2025 Bob ColemanFounder & Publisher Takeaways from SBA 7(a) Quarterly Connect Call My takeaways from yesterday’s SBA quarterly connect call: First, congratulations to SBA for improving its production values. It was an excellent choice to have Administrator Kelly Loeffler lead off, giving an overview and explanation of why the changes were implemented. You…
Read MoreSOP 5010 8 SBA Underwriting After Elimination of the “Do What You Do” Rule — 5/22
SBA SOP 5010 8 Webinar for Your Whole Staff at One Low Fee — SBA Underwriting After Elimination of the “Do What You Do” Rule A Coleman WebinarDate: Thursday, May 22, 2025 Time: 2:00 p.m. EasternIncludes e-certification & recording ….. This Just In: SBA’s new SOP 5010 8 reimposes lender underwriting guardrails and promises a…
Read MoreSBA Releases New SOP 5010 8 (Download Here!) RIP “Do What You Do”
April 22, 2025 Bob ColemanFounder & Publisher SBA Releases New SOP 5010 8 (Download Here!) RIP “Do What You Do” All new materials from SBA available for download: In the first major rewrite of SOPs in 5 years, SBA has wholeheartedly rejected the “do what you do” rule and has returned guardrails to the SBA…
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