July 28, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Brent Ciurlino, Tracey Tucker, Paul DePasquale, SBA Lending Conferences, and BDO Nominations VelocitySBA Welcomes Brent Ciurlino as Chief Operation and Risk Officer “VelocitySBA is one of the fastest growing SBA lenders in the country,” says Charles Rho, President. “As we continue to grow, and…

June 27, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Senate Explores Loosening Criminal History SBA Loan Requirement Today, the Senate Committee on Small Business & Entrepreneurship is holding a hearing to determine if SBA should ease criminal background disqualification rules from SBA lending to provide more business opportunities for justice-impacted individuals. “A New Start: Opportunities…

July 26, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Small Business Default and Delinquency Rates Improve from 2021 • PayNet’s Small Business Lending Index showed that the volume of new commercial loans and leases decreased 1.6% in the month of May when compared to May 2021.• Texas is expected to have higher levels…

July 25, 2022 Delaney SextonContributing Editor Main Street Monday – GAO Criticizes SBA with Restaurant Revitalization Fund They reported on RRF award disbursements:• Just over 100,000 businesses received funding, 40% of eligible applicants.• The median Restaurant Revitalization Fund award was around $126,000.• 72% of applicants reported that their business was owned by women, veterans, or…

July 22, 2022 Delaney SextonContributing Editor Fraud Friday – Former Bank CEO Allegedly Executed a Loan Fraud Scheme with a Disbarred Lawyer After previously being indicted, a federal grand jury released a five-count indictment charging the former CEO of Palmetto State Bank, Russell Laffitte, with conspiracy to commit wire fraud and bank fraud, wire fraud,…

June 21, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Addie Roberge, Holly Brickson, and Veritex Community Bank Addie Roberge Joins Live Oak Bank as Vice President of Small Business Lending Addie Roberge is specializing in stock purchases and mergers, partner buyouts, owner-occupied real estate and ground up construction. With her extensive SBA lending…

July 20, 2022 Delaney SextonContributing Editor C-Suite Wednesday – 93% of Small Business Owners are Worried About a Recession Finds Goldman Sachs As fear of an impending recession rises, small businesses are still confronting inflationary pressures, supply chain disruptions, and workforce challenges. Regardless of economic troubles, a recent Goldman Sachs survey expresses small business owners’…

July 19, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – More Transparency is Necessary with Fintech Small Business Lending “Massive developments in financial technology, have shown real promise for expanding access to credit for small firms. New technology can expand access to timely credit for underserved entrepreneurs, increase financing options, and improve day-to-day operations…

July 18, 2022 Delaney SextonContributing Editor Main Street Monday – Loan Fees for the Top Twenty 2020 PPP Lenders The lender with the most approved PPP loan for 2020 was Bank of America with 343,489 PPP loans. JPMorgan Chase Bank had the highest estimated loan fees with over $1 billion earned in loan fees. The…

July 15, 2022 Delaney SextonContributing Editor Fraud Friday – Kabbage is Under Investigation in Texas and Massachusetts for PPP Lending Practices Due to a filing in a Florida PPP fraud case, it was revealed that Kabbage has been under investigation by U.S. attorneys in multiple states for over a year, and the investigations are being…