August 29, 2022 Delaney SextonContributing Editor Main Street Monday – Secret Service Returns $286 Million in Fraudulent EIDLs to SBA “Through intentional collaborations like this, OIG will continue to ensure that taxpayer dollars obtained through fraudulent means will be returned to taxpayers and fraudsters involved face justice,” says the SBA Inspector General, Hannibal “Mike” Ware.…

A New Coleman Webinar for SBA Lenders How to Underwrite the SBA Business Acquisition LoanAre you Maximizing Lending in this Profitable Niche? A Coleman WebinarDate: Wednesday, September 7, 2022Time: 2:00 p.m. EasternDownload a Registration Form a 75-minute webinar that lets staff earn e-certification Ten Thousand baby boomers retire every day. And they own 40% of…

August 25, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Jeffrey Rathkamp, Tony Pascuccio, and Craig Smidt Rockland Trust Welcomes Jeffrey Rathkamp and Tony Pascuccio as VP, Commercial Loan Officers “It’s an absolute pleasure to have Jeff and Tony join our North Shore team. Their extensive and diverse experience and expertise make them an…

August 24, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Small Business Lending Remains Steady Says Biz2Credit “Small banks, which process a lot of SBA loans, remain a good source of capital. For companies that need money more quickly, nonbank lenders remain a good option,” says Biz2Credit’s CEO Rohit Arora. “Approvals at big banks slipped just…

August 23, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Loan Volume in June 2022 Fell Almost 9% From June 2021 • As of June 2022, the PayNet Small Business Lending Index dropped by almost 9% from June 2021 showing a decreased volume of new commercial loans and leases to small businesses.• Currently, Minnesota…

August 22, 2022 Delaney SextonContributing Editor Main Street Monday – 2021 PPP Saved Smaller, More Vulnerable Small Businesses says Bloomberg “In order to deploy funds as fast as possible, the US enrolled big banks to distribute the loans, citing the pre-existing relationships banks had with businesses across the country. The ripple effect was that the…

A New Coleman Webinar for SBA Lenders SBA 7(a) Workouts and Deferment Tips for FY23 Challenging Prudent Servicing Actions to Assist Your Borrowers A Coleman WebinarDate: Wednesday, August 31, 2022Time: 2:00 p.m. EasternDownload a Registration Form a 75-minute webinar that lets staff earn e-certification Your borrower shows up on the delinquent list. Or, you get…

By Joseph ColemanManaging Editor The California DFPI’s annual report highlights mortgage lending loan data for 2021 as part of their effort to provide detailed information on California residential mortgage lending. You’re not in California? Well, Consumer Finance Protection Board regulations will affect you in the future. The report finds, “Favorable real estate markets and conditions…

Coleman’s California DFPI Update By Bob Coleman New DFPI Regulations Take Effect Before Year-End — Are you Ready? Starting December 9, the California regulated lenders must follow new disclosure regulations when offering commercial loans to California-based small businesses. These new regulations apply to state regulated bank and credit union companies lending to California’s  Main Street.…