A Live Streaming Webinar How to Underwrite SBA Borrower Cash Flow ProjectionsEnsure Underwriters are Compliant with SBA’s Underwriting SOP A Coleman WebinarDate: Wednesday, September 21, 2022Time: 2:00 p.m. EasternDownload Registration Form In recent years, the SBA’s Inspector General has issued scathing audit reports criticizing several lenders of their underwriting practices for borrower projections. The OIG…

September 16, 2022 Delaney SextonContributing Editor Fraud Friday – The First False Claims Act Settlement from a PPP Lender “The settlement announced today is believed to be the nation’s first settlement with a PPP lender pursuant to the False Claims Act. The settlement amount also reflects Prosperity Bank’s efforts to cooperate with the government’s investigation…

September 15, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Amy Petrilla, Austin Simpson, Tim Doyle, and VelocitySBA PlainsCapital’s Fort Worth Commercial Lending Team Welcomes Amy Petrilla as EVP “We are very pleased to welcome Amy,” says Fort Worth Region Chairman Mark Warren. “With more than three decades in the industry, she brings an…

September 14, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Small Business Owners Fear Customers Will Turn to Big Businesses “The impact of COVID-19 on small businesses and communities all over the world is significant,” reads a Goldman Sachs report released this month. Small business owners continue to deal with the economic conditions brought on by…

September 13, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Unfilled Job Positions Remains an Issue Across Industries “Small business owners in various industries continue to manage historic economic headwinds that are impacting their day-to-day business,” says Holly Wade, the Executive Director of NFIB’s Research Center. “Each industry is handling a unique set of…

September 12, 2022 Delaney SextonContributing Editor Main Street Monday – Veteran Documentation for $0 Upfront Fee on 7(a) Loans in FY23 For all SBA Express loans made to businesses owned and controlled by a veteran or spouse of a veteran, the Upfront Fee will be $0 in fiscal year 2023. To qualify for fee relief,…

September 9, 2022 Delaney SextonContributing Editor Fraud Friday – Man Steals Millions from PPP, EIDL, and a Religious Organization “Kenneth Gaughan is facing the consequences for defrauding his employer for years and then enriching himself with taxpayer funds meant to help businesses and employees at a time of crisis,” says IRS-CI Special Agent in Charge…

September 8, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Scott Bender, Diane Sinn, and Live Oak Bank SBA Team National Bank of Commerce Welcomes Scott Bender as SVP, Senior Commercial Banker “Scott’s addition to the team will allow NBC to expand its presence in the Brainerd Lakes area, as well as the Western…

A New Coleman Webinar for SBA Lenders How to Prepare a Quick and Effective SBA 7(a) Liquidation PlanWith Bonus ContentEnsure you are Compliant with SBA Site Visit Regulations A Coleman WebinarDate: Wednesday, September 14, 2022Time: 2:00 p.m. EasternDownload a Registration Form a 75-minute webinar that lets staff earn e-certification There are three steps lenders must…

September 7, 2022 Delaney SextonContributing Editor C-Suite Wednesday – 504 Program Fees in Fiscal Year 2023 Starting on October 1, 2022, the following fees will be in effect for all approved 504 loans and continue through September 30, 2023. For all 504 loans not made under the 504 Debt Refinance without Expansion Program, the fees…