April 26, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Lendistry Granted an SBLC License to Provide Mission Based Lending “There are millions of new small businesses entering the market following The Great Resignation, and a significant number of them are owned by women and minorities,” says Everett K. Sands, CEO of Lendistry. “These…

April 22, 2022 Delaney SextonContributing Editor Fraud Friday – Former Swiss Banker of the Year Guilty of Fraud, Used Bank Funds at Strip Clubs and Tinder Dates “[His] understanding, whereby practically all expenditures of a business person fall under disposable company expenses so long as any remote connection to the business activity exists, clearly went…

April 21, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Dan Adler, Michael Swanson, Genevieve Lua, and Alex Griffin California Infrastructure and Economic Development Bank Hires Dan Adler as Deputy Director for Climate Finance “Creating and preserving jobs, reaching disadvantaged communities, and addressing climate change are all priorities for IBank,” says IBank Executive Director…

April 20, 2022 Delaney SextonContributing Editor C-Suite Wednesday – $2 Billion in Funding Could be Reallocated from State Small Business Credit Initiative “There’s a big difference between funds that have not been used and funds that have yet to be deployed,” said Katie Kramer, Vice President of the Council of Development Finance Agencies. The Biden…

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…