A Coleman WebinarDate: Wednesday, August 10, 2022Time: 2:00 p.m. EasternDownload a Registration Form a 75-minute webinar that lets staff earn e-certification We are in a once in a generation run-up of the prime rate, a rapid increase not seen since 2006 when the prime rate topped out at 8.25% and 2000 when it hit 9.5%.…

August 1, 2022 Delaney SextonContributing Editor Main Street Monday – Connecticut Launches a New Small Business Loan Fund “We’re thrilled to launch the Connecticut Small Business Boost Fund, a new collaboration with private sector partners and investors that will provide companies and nonprofits the working capital they need to grow and thrive,” Governor Lamont says.…

A Coleman WebinarDate: Wednesday, August 3, 2022Time: 2:00 p.m. EasternDownload a Registration Form a 75-minute webinar that lets staff earn e-certification Almost two years in the making, SBA has adopted a rule that removes or revises various regulations governing the agency’s business loan programs that are obsolete, unnecessary, ineffective, or burdensome. In response to a…

July 29, 2022 Delaney SextonContributing Editor Fraud Friday – Guilty in $25 Million IRS and PPP Fraud with 9 Professional Athletes From April 2020 through December 2021, Seir Havana along with his co-conspirators used the company Mana Tax to apply for PPP loans on behalf of small businesses, shell companies, and business entities controlled by…

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…