Citizens Bank Found Restaurants Maintained Slight Sales Growth During Q4 2023
April 17, 2024 Delaney SextonContributing Editor Citizens Bank Found Restaurants Maintained Slight Sales Growth During Q4 2023 Citizens Bank found that the restaurant industry was doing well in the fourth quarter of 2023. Of all the restaurant brands they tracked, 68% saw an increase in same-store sales. There was an average increase of 2.2%. Here…
Read MoreMississippi Small Businesses: Five Fast Facts
April 17, 2024 Delaney SextonContributing Editor Mississippi Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Mississippi Small Business Profile
Read MorePayNet Forecasts 3.57% Default Rate for Small Business Loans in 2025
April 16, 2024 Delaney SextonContributing Editor PayNet Forecasts 3.57% Default Rate for Small Business Loans in 2025 PayNet’s Small Business Lending Index measures the volume of new commercial loans and leases to small businesses, and there was a positive reading in February 2024. Compared to February 2023, small business lending increased 3.6%. The small business…
Read MoreMinnesota Small Businesses: Five Fast Facts
April 16, 2024 Delaney SextonContributing Editor Minnesota Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Minnesota Small Business Profile
Read MoreTwo-Thirds of Business Owners are Comfortable with Business Health and Cash Flow
August 15, 2024 Delaney SextonContributing Editor Two-Thirds of Business Owners are Comfortable with Business Health and Cash Flow “It is encouraging to see the majority of small business owners are satisfied with their business’s health and their current cash flow, despite ongoing concerns around inflation,” says Cynthia Smith, SVP, Head of Regional Business at MetLife.…
Read MoreStoneX Welcomes Karen Bean as Director of Institutional Sales
April 15, 2024 Delaney SextonContributing Editor StoneX Welcomes Karen Bean as Director of Institutional Sales Karen Bean brings more than 20 years’ experience in SBA loan origination services and previously served as a Vice President at Flagstar Bank (formerly Signature Bank). She is joining StoneX’s newly announced SBA loan sales and trading offering. Bean joins…
Read MoreMichigan Small Businesses: Five Fast Facts
April 15, 2024 Delaney SextonContributing Editor Michigan Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Michigan Small Business Profile
Read MoreThe Top 30 SBA 7(a) Loan Exceptions Found in 2023 – A Coleman Webinar 6/12
Mistakes Lenders Need to Avoid that Jeopardize the SBA 7(a) Loan Guaranty Attend the Live Webinar EventWednesday, June 12, 20242:00 PM Eastern75-minute training with e-certification Juggling the management of your SBA lending department and loan portfolio is challenging and difficult — but rewarding on a number of levels for everyone when a plan is successfully…
Read MoreBoston Pizzeria Owner Charged with EIDL Fraud and Forced Labor – Fraud Friday
April 12, 2024 Delaney SextonContributing Editor Pizzeria Owner Charged with EIDL Fraud and Forced Labor – Fraud Friday Stavros Papantoniadis was indicted on two counts of wire fraud for allegedly applying for EIDL loans using false representations. He is the owner and operator of Stash’s Pizza, a chain of pizzerias in the Boston area. In…
Read MoreHow SBA’s Proposed Changes to the Lender Risk Rating System Affect You — A Coleman Webinar 5/2
SBA’s New Redwood Small Business Credit Score Attend the Live Webinar EventThursday, May 2, 20242:00 PM Eastern75-minute training with e-certification Hosted by Bob Coleman; Instructed by Brent Ciurlino and Leslie Tripp Impacts of the new SOP 50 56 – Lender Participation Requirements: Are you struggling to stay ahead of the curve in the ever-evolving SBA…
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