Main Street Monday – 2021 PPP Saved Smaller, More Vulnerable Small Businesses says Bloomberg
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…
Read MoreSBA 7(a) Workouts and Deferment Tips for FY23 — Webinar 8/31
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…
Read MoreC-Suite Wednesday – California DFPI Annual Report Says Number of Loans Originated Declined 9.9% in 2021
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…
Read MoreColeman’s California DFPI Update
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.…
Read MoreFinancing California Small Business
New for industry executives. We thoroughly cover regulatory, legislative and market issues about the California DFPI program. Financing California Small Business Daily is delivered to your email inbox every morning five times a week. One year subscription price is $1,100. Download a Registration Form “As California goes, so does the nation,” is a saying that…
Read MoreMain Street Monday – 65% of Small Business Owners Report Higher Prices
August 15, 2022 Delaney SextonContributing Editor Main Street Monday – 65% of Small Business Owners Report Higher Prices “Small business owners on Main Street (accounting for about 40% of our GDP and employment) are trying to run their businesses in the face of supply chain disruptions, labor shortages, covid disruptions, and double-digit inflation on the…
Read MoreFraud Friday – First NBC Fraud Costs Almost $1 Billion
August 12, 2022 Delaney SextonContributing Editor Fraud Friday – First NBC Fraud Costs Almost $1 Billion “Mr. Calloway has admitted his wrongdoing and accepted full responsibility for his conduct,” says his new attorney, Dane Ball, in a statement. “Today Mr. Calloway begins a new chapter of his life, starting with his cooperation in this case.”…
Read MoreStop SBA Equity Injection Errors — Webinar 8/24
Stop SBA Equity Injection Errors A Top 5 Reason for 7(a) Guaranty Denials in July Says SBAThe Latest Tips for FY 2023 Compliance A Coleman WebinarDate: Wednesday, August 24, 2022Time: 2:00 p.m. EasternDownload a Registration Form a 75-minute webinar that lets staff earn e-certification SBA’s quarterly update to lenders last month contains a familiar theme…
Read MoreColeman Movers & Shakers – Heidi Whitesell, Pamela Frie, and Daniel Rogers
August 11, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Heidi Whitesell, Pamela Frie, and Daniel Rogers Heidi Whitesell is Promoted to President and COO of Fund-Ex Solutions “Heidi Whitesell’s incredible experience and guidance have been integral to our success, we are thrilled to promote her to this prominent position,” says Mark Schmidt, CEO…
Read MoreCalifornia Small Business Loan Disclosure Statements Required — Webinar November 1st
California Small Business Loan Disclosure Statements Required as of December 9 2022 CFPB to also Issue Small Business Loan Disclosure Regulations A Coleman WebinarDate: Tuesday, November 1, 2022Time: 2:00 p.m. EasternDownload a Registration Form a 75-minute webinar that lets staff earn e-certification The regulations by California were finalized on June 9, 2022, will require commercial…
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