SBA 7(a) and the New 504 Debt Refinancing Rules — Webinar 10/23
Error-Free Underwriting and Closing Compliance A Coleman WebinarDate: Wednesday, October 23, 2024 Time: 2:00 p.m. Eastern Includes e-certification & recording The benefit to your borrower in an SBA debt refinance loan can mean the difference between their success and failure. The concept is easy, but the execution is more problematic. First, the good news: Effective…
Read MoreFormer SBA Loan Specialist Found Guilty of Assisting with $800,000 in Loan Fraud – Fraud Friday
October 4, 2024 Delaney SextonContributing Editor Former SBA Loan Specialist Found Guilty of Assisting with $800,000 in Loan Fraud – Fraud Friday “This conviction underscores our commitment to holding all wrongdoers accountable, including those in positions of public trust like this former SBA employee,” says Inspector General Hannibal “Mike” Ware. “These crimes are far from…
Read MoreSBA 7(a) Loan Sold to the Secondary Market Turns 31 Days Delinquent? – Webinar 10/30
Immediate Actions Needed to Protect the SBA Loan Guaranty A Coleman WebinarDate: Wednesday, October 30, 2024 Time: 2:00 p.m. Eastern Includes e-certification & recording Servicing an SBA 7(a) loan that has been sold to the secondary market is completely different from servicing a loan held in portfolio. Some rules are the same regarding the actions…
Read MoreOnly 43% of Small Banks Make SBA Loans Says Fed
Only 43% of Small Banks Make SBA Loans Says FedOctober 3, 2024By Bob ColemanPublisher & Founder From the FDIC Small Business Lending Survey released yesterday. Fewer than half of small banks participate in government-guarantee loan programs that target small business borrowers, while nearly all large banks do. About 43 percent of small banks and 87…
Read MoreProtect Your SBA PLP License — Webinar 10/16
Ten Compliance Checklist Items to Implement Before 2025 Attend the Live Webinar Event Wednesday, October 16, 20242:00 PM Eastern75-minute training with e-certification With recent Congressional pressure and legislation, SBA has evolved into a regulatory agency. It now has the power to discipline, fine, and disbar lenders from its programs. The stakes are raised even higher…
Read MoreEquity Injection: Know the 13 Mistakes that Void the SBA 7(a) Guaranty — Webinar Encore 10/28
Document your borrower’s equity injections perfectly and correctly every time A Coleman Webinar EncoreMonday, October 28, 20242:00 PM Eastern75-minute training with e-certification Does your closing staff know how to avoid the 13 most common mistakes lenders commit in documenting a borrower’s equity injection? Former SBA Little Rock Servicing Center Deputy Director Lance Sexton does —…
Read MoreSBA Top 7(a) Lenders by # for FY 2024
SBA Top 7(a) Lenders by # for FY 2024October 2, 2024Published by Bob Coleman From the SBA Website:
Read MoreHappy New Year! Top 25 7(a) Lenders by $ for FY20-24
Happy New Year! Top 25 7(a) Lenders by $ for FY20-24October 1, 2024Published by Bob Coleman From the SBA Website this morning: Source: SBA
Read More24th Annual National Rural Lenders’ Roundtable December 4, Washington DC
Underwritten by Thomas USAF, this event is complimentary to attendees. The roundtable brings together lenders and USDA B&I loan management. Register and obtain more information here.
Read MoreCity National Bank Invests $5 Million in Lendistry SBLC for SBA Loans Less Than $100,000
City National Bank Invests $5 Million in Lendistry SBLC for SBA Loans Less Than $100,000September 30, 2024By Bob ColemanPublisher & Founder “We’re proud to work with financial institutions like City National Bank who share our mission,” says Everett K. Sands, CEO of Lendistry. “The entrepreneurs and small businesses we serve need loans in lower amounts…
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