March 21, 2022 Delaney SextonContributing Editor Main Street Monday – SBA Program Allocations Will Fund Through September 30 Last week, President Biden signed the Omnibus Spending Bill providing the spending caps for the SBA’s programs, including an increase in the authorization level for the 504 program. With this increase, the 7(a), 504, and 504 debt…

March 17, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Steven Deaton, Jeff Magginnis, and Fountainhead First Carolina Bank Announces Steven Deaton as the Chief Credit Officer of the New Atlanta Office Ron Day, President and CEO of the Bank, says, “We are extremely fortunate to have someone with the experience and market knowledge…

March 16, 2021 Delaney SextonContributing Editor C-Suite Wednesday – Goldman Sachs Recommends the Reauthorization of the SBA “Policymakers in Washington and state capitals are looking for ways they can further help small businesses. The challenge for policymakers is to identify actions that can meet present difficulties, support future small business growth, and address pre-pandemic challenges…

March 15, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – $11 Billion Allocated to the 504 Program in $1.5 Trillion Spending Bill “Last night, the House took the critical step of passing appropriations legislation that represents a transformational investment in working families. As we continue to progress in our recovery from the pandemic, it’s…

March 14, 2022 Delaney SextonContributing Editor Main Street Monday – Small Business Owners Want Policymakers to Address Workforce, Capital, Childcare, and Government Contracting “The way we do business and buy products and services has fundamentally changed. The pandemic further accelerated this shift. It’s time to modernize the SBA to better serve small businesses in today’s…

March 11, 2022 Delaney SextonContributing Editor Fraud Friday – Former President and CEO of Iowa Bank Sentenced to 9 Months and $4.5 in Restitution for Loan Guaranty Fraud Three former executives of the defunct Valley Bank and the President of a lending service provider all pleaded guilty to conspiracy to commit wire fraud affecting a…

March 10, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Carolyn Calafiore, Maria Lawson, and David Baker First Bank of the Lake Welcomes Carolyn Calafiore as SVP, SBA Chief Operations Officer “We are excited Carolyn has joined our team. Having a highly qualified professional in this key role to oversee the operations our SBA…

March 9, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Updated SBA 7(a) Lender Oversight Fees for Fiscal Year 2022 Effective March 3, 2021, the SBA released a notice informing 7(a) lenders and SBA employees of the Office of Credit Risk Management’s (OCRM) update on 7(a) lender oversight fees and the fiscal year 2022 fee schedule.…

March 8, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Small Businesses Seek Banks More Often for Financial Services The Small Business Credit Survey released by the Federal Reserve Banks finds that small business financing approval rates have continued to decline since the start of the pandemic, and the businesses that did apply for…