April 19, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – ICBA is Advocating for Adjustments to the Small Business Lending Data Collection Proposal “While ICBA firmly supports the intention behind the Proposal and the desire to expand access to credit for minority-owned, women-owned, and small businesses, we remain deeply concerned that the proposal’s overly…

April 18, 2022 Delaney SextonContributing Editor Main Street Monday – SBA Lending Activity Up from Fiscal Year 2021 The SBA 7(a) Quarterly Connect Call provided lending data from the end of the second quarter of fiscal year 2022. 7(a), 504, and Community Advantage lending have all increased from this time in fiscal year 2021. Here…

April 15, 2022 Delaney SextonContributing Editor Fraud Friday – Before Committing Fraud: Advice From a Former SBA Fraudster “In the months after 9/11, I was frantic. But my fears had less to do with the tragedy at the World Trade Center and more to do with the fact that, after 10 years of rampant prescription…

April 14, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Christopher Neros, Ché Goff, and Rett Everett Christopher Neros Joins First Fed Bank as EVP, Chief Lending Officer “Chris is a well-respected leader with a successful track record of business development, relationship management, and team leadership. He will bring valuable experience and strategic direction…

April 13, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Loan Guaranty Processing Center’s Top Reasons for Declines and Screen-Outs SBA’s 7(a) Quarterly Connect Call on Tuesday, April 12, provided insight into the Loan Guaranty Processing Center. Current loan approval turn times for smaller loans and community advantage loans are six calendar days, and for other…

April 12, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Supporting Domestic Manufacturing will Aid Supply Chain Disruptions “When factories close, when products sit in shipping containers in ports, when production capacity decreases due to sick employees, and when products take longer to get from the warehouse to the store, prices go up… Rebuilding…

April 11, 2022 Delaney SextonContributing Editor Main Street Monday – House Passes Bill that Replenishes Restaurant Revitalization Fund with $42 Billion “The pandemic inflicted deep wounds on small firms across the country, and many of these businesses are still struggling today. My office hears from small businesses every day, and they have made it abundantly…

April 8, 2022 Delaney SextonContributing Editor Fraud Friday – Six Former Bank Employees Banned by the Federal Reserve for EIDL Fraud Announced on Tuesday, the Federal Reserve prohibited six bank employees, effective March 25, 2022, from any future employment opportunities in the banking industry for allegedly applying and obtaining a total of $88,900 in Economic…

April 7, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Aaron Walker, Matt Goers, and Mary Soldano Summit Bank Welcomes Aaron Walker as Chief Credit Officer “Aaron’s wealth of knowledge regarding the markets in which we operate and the types of loans and structures with which he is familiar will be extremely beneficial to…

By Bob ColemanEditor, Coleman Report Coleman Publishing is pleased to make available SBA’s SOPs shipped to you via Amazon Prime. After your order, the books will arrive in two to three days. The SOPs mirror SBA’s pdf and are in identical format as downloaded from their website. Current Edition of SBA’s SOPs Now Available in…