March 7, 2022 Delaney SextonContributing Editor Main Street Monday – Two-Thirds of Business Owners Saw Revenue Declines Since 2019 “Many small businesses have not recovered to prepandemic levels, in terms of both revenue and employment, with the effects of the pandemic hitting disproportionately hard among firms in the leisure and hospitality sector, smaller firms, and…

March 4, 2022 Delaney SextonContributing Editor Fraud Friday – PPP Lender CEO Allegedly Purchased Luxury Cars and Homes with Fraudulent Lender Fees and PPP Loan “American businesses and their employees have been struggling due to an unprecedented global pandemic, and the Paycheck Protection Program was created to serve as a safety net. Martinez is alleged…

March 3, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Jacquline Ritchie, Jesse Roderick, and Jimmy Jarrell Jacquline ‘JR’ Ritchie Joins Harvest SBA Lending Team as SVP and BDO in the Pacific Northwest “Jacque has been a consistent Top Producer her entire career,” states Harvest Managing Director Todd Massas. “We are grateful to have…

March 2, 2022 Delaney SextonContributing Editor C-Suite Wednesday – SBA’s Identification of Improper Payments in 7(a) Program is a Challenge Says the OIG “Our reviews of high-risk loans have consistently identified issues regarding eligibility, repayment ability, size standards, franchise agreements, business valuations, appraisals, equity injection, and debt refinance. Our review program also has helped us…

March 1, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – 98% of Forgiven $2 Million or More PPP Loans Not Paid by SBA Yet “As of May 12, 2021, SBA exceeded the 90-day requirement to remit forgiveness payment for 98.2 percent of loans $2 million or greater with a processed loan payment,” reads the…

February 25, 2022 Delaney SextonContributing Editor Fraud Friday – Three Fugitives in $18 Million COVID Loan Fraud Case Caught in Montenegro Earlier this week, three members of a COVID-19 relief fraud ring were found in Montenegro after being on the run for nearly six months. Currently, the United States does not have an extradition treaty…

February 24, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Bill Yee, Graziella Brenneman, and 2022 SBA Lending Conferences Bill Yee Joins Citizens Bank as SVP, City President in Little Rock “Bill is a perfect fit for our bank, both in terms of culture and talent,” says Vernon Scott, EVP and Regional President. “He…

February 23, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Small Business Financing Reached $1.3 Trillion in 2020 “Small businesses borrow mainly for four reasons: to start a business, purchase inventory, expand, or to strengthen the firm’s financial health,” reads the SBA Office of Advocacy’s Small Business FAQ. “The financing needs of small businesses vary greatly…

February 18, 2022 Delaney SextonContributing Editor Fraud Friday – Woman Allegedly Hired a Hitman with PPP Loan Proceeds “This is a case that not only devastated the family but devastated the community. The Miami Dade Police Department will not stop until we bring closure to all families affected by senseless acts of violence,” says Detective…

February 17, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – Quinn Collins Coleman, Carey Hofferber, and James Keenan Quinn Collins Coleman Joins First Bank of the Lake as VP, SBA Senior BDO “We are excited Quinn has joined our team,” states Annemarie Murphy, EVP, President of SBA Lending at First Bank of the Lake.…