June 14, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Senate Receives 7 Small Business Bills Passed by the House Last Thursday, seven different bipartisan bills were read to the Senate and referred to the Senate Committee on Small Business and Entrepreneurship after a vast majority of the House agreed to pass each of…

June 13, 2022 Delaney SextonContributing Editor Main Street Monday – NASA Supports Small Businesses to Innovate for Space Exploration “NASA is working on ambitious, groundbreaking missions that require innovative solutions from a variety of sources – especially our small businesses,” says NASA Deputy Administrator Pam Melroy. “Small businesses have the creative edge and expertise needed…

June 10, 2022 Delaney SextonContributing Editor Fraud Friday – ASLAN International Ministry Used PPP Proceeds for Walt Disney World Luxury Home A group known as the “ASLAN International Ministry” received an $8.4 million loan in 2020 after applying for a $6.9 million PPP loan through First Home Bank. ASLAN was established in Ohio in 2005…

June 9, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Shelly Medina, Patrick Becker, and John Ross Shelly Medina Joins Santa Cruz County Bank as SVP and Asset-Based Lending Operations Manager Krista Snelling, President and CEO comments, “We are so happy to welcome Shelly to our newly-formed Asset-Based Lending Division team. The expertise she…

June 8, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Access to Capital is a Top Issue for Veteran Entrepreneurs “Former service members own approximately 1.8 million businesses across the United States, most of which are small. These businesses employ millions of workers, are responsible for over $1 trillion in revenue, and do so much for…

June 7, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – OIG Says SBA Must Develop Effective Risk Oversight Policies and Procedures One of the top eight management and performance challenges facing the SBA is the risk management and oversight practices that need improvement. In the report, the OIG reports that SBA has implemented several…

June 6, 2022 Delaney SextonContributing Editor Main Street Monday – African-American Self Employment Rate is Half of White Self Employment Rate “African-Americans are underrepresented among self-employed workers. When African-Americans own firms, they are less likely to have employees, operate with less financing, and are more likely to become discouraged enough to forego applying for loans,”…

June 3, 2022 Delaney SextonContributing Editor Fraud Friday – CEO of Noah Bank Convicted for Taking Bribes on SBA Guaranteed Loans Edward Shin’s convictions related to a fraud scheme spanning from 2009 to 2013. Due to Edward, Noah Bank issued loans to small businesses under false and fraudulent pretenses and to businesses that Edward had…

June 2, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Gary Harris, Nick Patel, and Angela Humann Farmers and Merchants Bank Announces Gary Harris’s Promotion to President and CEO Bruce Schindler, Chairman of the Company’s and the Bank’s Boards of Directors, comments “After a thorough search, the Board is very confident in its selection…

June 1, 2022 Delaney SextonContributing Editor C-Suite Wednesday – SBA Inspector General Tells Congress SBA’s Top 8 Challenges The SBA Office of Inspector General’s Semiannual Report to Congress was recently submitted for the first half of fiscal year 2022. The report consists of the OIG’s published reports and important investigations executed through their oversight work…