July 14, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Edwin Oh, Rick Carpenter, Andrew Thomas, and Emilio Vallejos RBB Bancorp Announces Edwin Oh as SVP and SBA Manager and Rick Carpenter as SVP and Commercial Lending Manager “We’re excited for Edwin and his team to join us and lead the SBA business at…

July 12, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Outstanding Small Business Loan Value Increased by $250 Billion from 2019 to 2020 “Small business growth and survival depends on access to credit. Therefore, credit access is a major concern for many businesses, especially start-ups and small businesses who have limited access to financial…

July 11, 2022 Delaney SextonContributing Editor Main Street Monday – Half of All Small Businesses Report Unfilled Job Positions “The labor force participation rate has been slowly rising this year, with more people taking jobs,” says NFIB Chief Economist Bill Dunkelberg. “However, the labor shortage continues to be a difficult problem for small businesses. A…

July 8, 2022 Delaney SextonContributing Editor Fraud Friday – 15% of SVOG Awards did Not Match the Approved Budgets The SBA Office of Inspector General recently released a report about SBA’s award and payment practices in relation to the Shuttered Venue Operators Grant program using 10 SVOG awards worth $33.2 million as a sample to…

July 7, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Kate Morgan, Jake Kuester, and Thomas Nestor Pioneer Launches SBA Program with Kate Morgan as SBA Relationship Manager Pioneer has recently announced the launch of its new U.S. Small Business Administration program. The program will be led by Kate Morgan, who has nearly a…

July 6, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Unique Experience Focused Dining is Rising in Popularity “The restaurant industry is going through a period of unprecedented change, accelerated by the pandemic and this year punctuated by record inflation,” reads a recent Yelp Economic Average report. “While 2020 was a turbulent year, 2021 proved to…

July 5, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – New Legislation Requests $6 Billion in Grants for Small Businesses “Our communities have regained a hard-earned sense of normalcy after the worst of COVID-19, but for many small businesses, the nightmare continues,” says Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin. “American…

July 1, 2022 Delaney SextonContributing Editor Fraud Friday – Former Manager of CorTrust Bank Sentenced to 21 Months in Prison for Loan Fraud After initially pleading not guilty to two counts of bank fraud in August 2021, the former Vice President of CorTrust’s Leola branch admitted to one count of bank fraud in December 2021.…

June 30, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Philip Ugalde, Jasmine Sadeghpour, Daniel Wheeler, and Greg Fioresi PlainsCapital Bank Adds Three New Houston Commercial Lending Professionals “We’re very pleased to welcome Philip, Jasmine, and Daniel,” says Houston Region Chairman Danny Schroder. “They each have an impressive level of talent and experience that…

June 29, 2022 Delaney SextonContributing Editor C-Suite Wednesday – 50% of Small Businesses Have Taken Out a Loan Due to Inflation “Historic inflation is top-of-mind and deeply troubling to small businesses right now,” says U.S. Chamber of Commerce Vice President of Small Business Policy Tom Sullivan. “But at the same time, there is confidence among…