February 16, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Senate Hearing Considers Four Small Business Bipartisan Bills The Senate and House Small Business Committees both held a hearing on February 15, one reviewing bills to be introduced and the other reviewing the Infrastructure Investment and Job Act’s benefits for small businesses, respectively. Senator Cardin, the…

February 15, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – 7(a) Delinquencies and Purchases are Down in Fiscal Year 2021 “Strong economic growth, strong profit performance, and tighter lending standards by financial institutions during the past several years have reduced delinquency rates for all business loans, which have been steadily declining since reaching cyclical…

February 14, 2022 Delaney SextonContributing Editor Main Street Monday – SBA 7(a) and 504 Loan Portfolio Increased an Average of 6.6% in FY21 “While the SBA received the addition of ARPA and Economic Aid Act funds, overall total assets decreased by $335.1 billion for a FY 2021 total asset amount of $562.4 billion, due to…

February 11, 2022 Delaney SextonContributing Editor Fraud Friday – Private Equity Fund CEO Pleads Guilty to $140 Million Bank Fraud Scheme “As he admitted today, Elliot Smerling used false documents and deceit to obtain over $100 million in fraudulent loans on behalf of his private equity funds. This Office is committed to protecting the integrity…

February 10, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Joe Barbato, Candice Caruso, Anthony Ryan, Deb Curtis, and Kirk Beason Joe Barbato Joins First Bank of the Lake’s SBA Lending Team as SVP, SBA National Relationships Sales Manager “Joe is a dynamic and knowledgeable lender with years of lending and sales experience. He…

February 9, 2021 Delaney SextonContributing Editor C-Suite Wednesday – Coleman 2022 SBA Lender Professional Award Winners We want to congratulate all of our 2022 Coleman SBA Professional Award winners and thank our winners for their contribution to the SBA industry! Woman SBA Lender of the Year Tammy Youst – Centennial Bank SBA 7(a) Lender of…

February 8, 2022 Delaney SextonContributing Editor Coleman’s 2022 SBA Lender Professional Award Show is Tomorrow at 1 p.m. Eastern Tomorrow, February 9, at 1 p.m. Eastern Time, we are holding a Coleman Report Live! Special show. We will be announcing the winners of the 2022 SBA Lender Professional Awards and honoring their contributions to the…

February 7, 2022 Delaney SextonContributing Editor Main Street Monday – OIG Outlines SBA Audit Review Priorities “This oversight plan outlines the U.S. Small Business Administration Office of Inspector General’s audit and review priorities. In addition to our statutory mandates, we continue to focus on programs and operations that pose the highest risk to SBA operations,…

February 4, 2022 Delaney SextonContributing Editor Fraud Friday – Former AgGeorgia Loan Officer Guilty of Loan Fraud Conspiracy “William Spigener recruited willing participants in a scheme to defraud two banks focused on supporting farmers and the agricultural industry, causing significant financial losses and harm,” says U.S. Attorney Peter D. Leary. “Our office will not hesitate…

February 3, 2022 Delaney SextonContributing Editor Coleman’s 2022 SBA Lender Professional Award Show is on February 9! This upcoming Wednesday, February 9, at 2 p.m. Eastern Time we are holding a Coleman Report Live! Special show. We will be announcing the winners of the 2022 SBA Lender Professional Awards and honoring their contributions to the…