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…

June 28, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – New SBA Rule Increases Small Business Eligibility The SBA issued a final rule adopting changes to small business size standards calculations and will become effective on July 6, 2022. The period for calculating employee-based size standards doubled from 12 months to a 24-month trailing…

June 24. 2022 Delaney SextonContributing Editor Fraud Friday – U.S. Postal Service Employees Charged for Loan Fraud and Unemployment Benefits Fraud “Thousands of Illinois residents and small businesses were forced to rely on unemployment benefits and loans from the SBA during the height of the pandemic,” Attorney General Kwame Raoul says. “Thieves who intentionally took…

June 23, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – John Shen and Stella Zhang, Ketan Patel, Marcus Poole, and Shay Barkley Innovation Leader John Shen Joins President Biden at White House Bill Signing National business leader John Shen attended the official signing of the Commission to Study the Potential Creation of a National…

June 22, 2022 Delaney SextonContributing Editor C-Suite Wednesday – 65% of Small Business Owners are Not Interested in a Loan Says NFIB “To combat inflation, the Federal Reserve will rapidly raise interest rates to slow spending. The prime rate of interest hit 20% during the last big inflation fight over 40 years ago. For this…

A 75 minute video webinar your staff can participate in.A Coleman WebinarDate: Wednesday, July 6, 2022Time: 2:00 p.m. EasternDownload a Registration Form SBA loan closer failure to collect all borrower underlying debt refinance paperwork risks annulment of your SBA 7(a) loan guaranty. One lender lost $850,000 in a August 2016 SBA Inspector General review for…

June 21, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Lending to Underserved Markets Improves in 7(a) and 504 Programs The 504 program continues its trajectory of record-breaking lending levels with $6.8 billion being approved as of June 10, 2022. There is an over 32% increase in the dollar approval amount for the 504…