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…

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…