December 14, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – Financing is Not a Top Problem for Small Business Owners The National Federation of Independent Business’s (NFIB) November Small Business Economic Trends report reveals that small business owners are feeling slightly more optimistic towards the end of the calendar year 2021. The NFIB Small Business…

December 13, 2021 Delaney SextonContributing Editor Main Street Monday – 75% of Small Business Owners are Experiencing Higher Supply Costs The House Republican Small Business Committee released a press release on Friday with statistics regarding the state of America’s Main Street. Cited in the press release, the Job Creators Network found that the top five…

December 9, 2021Bob Coleman, Editor, Coleman Report ● Judge reduces Prosecutor recommendation of 8 years ● Kerri simply tried to have it all implies her attorney ● “Priority was Family over Job” that led to “cutting corners” ● “Cultural Pressure” to succeed led to bad judgement ● Citing the “for the Grace of God go…

December 9, 2021 SBA Announces Allen Thomas Regional Administrator for Southeast RegionAllen Thomas of Greenville, North Carolina has been sworn in as Region IV (4) Administrator for the U.S. Small Business Administration. He has oversight of the federal Agency for nine district offices located across eight states; Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South…

December 8, 2021 By Joseph ColemanContributing Editor, Coleman Report Newly released Section 1112 Debt Relief Program guidance for the 7(a) and 504 Programs became effective December 6, 2021 giving SBA officials and lenders clarity as the program comes to a close. SBA Procedural Notice: 5000-823852 EFFECTIVE: December 6, 2021 New Guidance for Section 1112 Debt…

December 7, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – Inspector General Finds EIDL Recipients on the Treasury’s Do Not Pay List “Our review of Treasury’s analysis of processed COVID-19 EIDL and emergency EIDL grants from March to November 2020 revealed that over $3.1 billion in COVID-19 EIDL and $550 million in emergency EIDL grants…

December 6, 2021 Delaney SextonContributing Editor Main Street Monday – State Small Business Credit Initiative’s 2021 Application Portal is Launched The U.S. Department of Treasury opened the SSBCI portal that is going to provide $10 billion to create specialized small business programs and increase access to capital. This new portal is referred to as SSBCI…

December 3, 2021 By Joseph ColemanContributing Editor U.S. Attorney’s in the banc-serv trial are requesting eight-years in prison, plus three years of supervised release, for Kerri Agee, during a sentencing hearing next Thursday (December 9, 2021). Agee was found guilty on August 4, 2021, on one count of conspiracy to commit wire fraud affecting a…

December 3, 2021 Delaney SextonContributing Editor Fraud Friday – Four Executives Plead Guilty to $4.5 Million SBA Fraud Three former executives of Valley Bank in Moline, Illinois, and the President of Vital Financial Services, a lender service provider, all pleaded guilty to scheming to defraud the SBA through programs that guarantee small business loans. They…

December 2, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – Blaine Lauhon, Deepak Bhakoo, and Erick Pereira Central Valley Community Bank’s Blaine Lauhon is Promoted to EVP, Chief Banking Officer “The success of Central Valley Community Bank is driven by our committed banking professionals and guided by our executive team to exceed the expectations…