September 27, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – OIG Finds 179 PPP Loans to Nonprofits Might be Ineligible “The U.S. Small Business Administration Office of Inspector General conducted this review to assess Paycheck Protection Program eligibility for nonprofit organizations. Based on data analysis, we identified 179 PPP loans, totaling approximately $684 million,…

September 28, 2022 Delaney SextonContributing Editor C-Suite Wednesday – SBA Aided 3,400 Small Businesses with Export Sales in 2021 “For small businesses, exporting products abroad can jump-start growth and unlock an enterprise’s full potential. Nearly 96 percent of consumers live outside of the United States. When small firms sell their products internationally, they can reach…

September 26, 2022 Delaney SextonContributing Editor                                                                                      Main Street Monday – No Community Bank Failures in the Second Quarter of 2022 “The banking industry reported generally positive results in the second quarter as loan balances strengthened, net interest income grew, and credit quality remained favorable, although net income declined as a result of increased provision expenses.…

A Live Streaming Webinar How to Quickly and Perfectly Close the SBAExpress LoanAre you Taking Advantage of all SBAExpress Waived Lender Requirements for Speedy Closings? A Coleman WebinarDate: Tuesday, October 4, 2022Time: 2:00 p.m. EasternDownload Registration Form 43% of SBA 7(a) Loans are Approved by the lender as SBAExpress Loans. In exchange for a reduced…

September 23, 2022 Delaney SextonContributing Editor Fraud Friday – Self-Proclaimed Pastor/Mortician/Tax Preparer Sentenced for EIDL Fraud “When Congress provided more than $6.5 billion through the Coronavirus Aid, Relief and Security Act to help small businesses struggling financially during the pandemic, fraudsters like Mack Knight came out of the woodwork” says U.S. Attorney David Estes for…

September 22, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Becky Bowers, Byron Reed, Dustin Shanks, and Kentucky SBA Lenders Conference Evolve Bank & Trust Appoints Becky Bowers as Community Bank President, Memphis “Becky is an extraordinary asset to Evolve,” says John Freeman, President, Evolve’s Banking Division. “She leads with compassion and integrity which…

September 21, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Coleman Announces 2022 BDOs of the Year Congratulations to Coleman’s 2022 BDOs of the Year! • Jared Johnson – First Internet Bank of Indiana • Stacey Sanchez – Momentus Capital/CDC Small Business Finance • Ken Rosenthal – CDC Capital Markets, LLC • Lucas Olson – Mission…

September 20, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Senator Rubio Receives the Coleman 2022 Main Street Lender of the Year Award Last week, Chris Hurn, Fountainhead’s Founder and CEO, awarded Senator Marco Rubio with the Coleman 2022 Main Street Lender of the Year award. Senator Rubio was chosen as Main Street Lender…

September 19, 2022 Delaney SextonContributing Editor Main Street Monday – 53% of Small Business Owners Increased Their Prices in August “Inflation remains the #1 problem for small business owners. Gas is cheaper, but not much else,” says Bill Dunkelberg, the NFIB Chief Economist. “To slow inflation, costs coming in the back door must fall and…

A Live Streaming Webinar Clean Up Your PPP Portfolio – Steps to Take Before the Start of FY23How to Deal With the PPP Problem Loans; Non Responsive Borrowers, Closed Businesses, and FraudActions You Need to Take Before September 30th A Coleman WebinarDate: Wednesday, September 28, 2022Time: 2:00 p.m. EasternDownload Registration Form Our latest polls indicate…