SBA Releases New SOP 5010 8 (Download Here!) RIP “Do What You Do”
April 22, 2025 Bob ColemanFounder & Publisher SBA Releases New SOP 5010 8 (Download Here!) RIP “Do What You Do” All new materials from SBA available for download: In the first major rewrite of SOPs in 5 years, SBA has wholeheartedly rejected the “do what you do” rule and has returned guardrails to the SBA…
Read More“Do What You Do” Rule Eliminated for Equity Injection Documentation
April 22, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — “Do What You Do” Rule Eliminated for Equity Injection Documentation This revision from last week’s procedural notice marks the first signal of the Administration’s intent to modify the “do what you do rule.” The Shift in Requirements The updated policy represents a significant…
Read More33% of Small Businesses Say Paying Debt is a Challenge, 51% Concerned about Uneven Cash Flow
April 21, 2025 Bob ColemanFounder & Publisher Main Street Monday — 33% of Small Businesses Say Paying Debt is a Challenge, 51% Concerned about Uneven Cash Flow Our final installment of interesting statistics from the Federal Reserve Bank’s small business credit survey: Rising costs of goods, services, and wages remain the most commonly reported financial…
Read MoreBlueacorn’s Stephanie Hockridge Trial Slated for May 15th
April 18, 2025 Bob ColemanFounder & Publisher Fraud Friday — Blueacorn’s Stephanie Hockridge Trial Slated for May 15th With one of Blueacorn’s co-founders scheduled for trial next month, I am beginning a series of Fraud Friday reports examining PPP loan fraud. History may very well judge this as the most egregious PPP loan fraud case.…
Read MoreMovers & Shakers — Omar Morel (Sunwest Bank), Michael Carlson (Mission Valley Bank), Jason Hampton (PlainsCapital Bank) and Jordan Payne (Countybank)
April 17, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Omar Morel (Sunwest Bank), Michael Carlson (Mission Valley Bank), Jason Hampton (PlainsCapital Bank) and Jordan Payne (Countybank) Sunwest Bank Adds Omar Morel as SVP, Director of Government Guaranteed Lending “We are thrilled to promote Omar as the Director of Government Guaranteed Lending,” says Carson…
Read MoreEasy Money, Hard Time: 19-Covid PPP Loan Fraud Stories
Delve into the gripping pages of Bob Coleman’s just released book, “Easy Money, Hard Time,” and discover the unsettling true tales of 19 individuals who exploited a global crisis for financial gain through PPP loan fraud. Order your copy from Amazon now and immerse yourself in the eye-opening true tales of opportunistic fraud! Available on…
Read MoreOne-Half of All Small Businesses Apply for Financing, One-Half of Requests Get Fully Funded
April 16, 2025 Bob ColemanFounder & Publisher One-Half of All Small Businesses Apply for Financing, One-Half of Requests Get Fully Funded Continuing our reporting from the 2025 Federal Reserve Banks’ Small Business Credit Survey on employer firms, today we focus on small business financing needs and application outcomes. More than half of firms sought some…
Read MoreBanking in the Crossfire: Earnings, Regulation & the Trade War Shake-Up — 4/22
After a euphoric honeymoon with the industry, bankers are reacting to a highly fluid and disruptive environment. A boom in bank stocks has turned into a correction as the Trump Administration pursues a high-risk strategy in reconfiguring global trade. Bankers are on high alert and adjusting to the market turmoil. Join our team of experts…
Read MoreSBA to Verify Citizenship, DOB, Adds Automatic Fraud Alerts
April 15, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA to Verify Citizenship, DOB, Adds Automatic Fraud Alerts Says SBA Administrator Kelly Loeffler. “With the help of DOGE, the SBA has already made a number of common-sense reforms to prevent the rampant fraud we’ve seen over the last four years. Unlike the…
Read More70% of Small Businesses to Move in the Next 2 Years
April 14, 2025 Bob ColemanFounder & Publisher Main Street Monday — 70% of Small Businesses to Move in the Next 2 Years Says the Federal Reserve Banks’ 2025 small business credit survey. Compared to firms that relocated in the past 5 years, small businesses planning to move within the next 2 years were more likely…
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