Attorney Sentenced to 25 Years for a Loan Fraud Scheme that Led to a Bank Collapse – Fraud Friday
August 23, 2024 Delaney SextonContributing Editor Attorney Sentenced to 25 Years for a Loan Fraud Scheme that Led to a Bank Collapse – Fraud Friday Washington Federal Bank for Savings, a family-run financial institution, was shut down in 2017 after the Office of the Comptroller of the Currency determined it had at least $66 million…
Read MoreNew Rule Requires Lenders to Maintain PPP Records for 10 Years
August 22, 2024 Delaney SextonContributing Editor New Rule Requires Lenders to Maintain PPP Records for 10 Years Effective now, an interim rule lengthens the required records retention for PPP in order to meet the requirements of other legislation. Lenders must keep PPP records for ten years from the date of final disposition of each individual…
Read MoreSBA 7(a) Approvals by Kansas Lenders
August 22, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Kansas Lenders For fiscal year 2024, these are the lending statistics by Kansas lenders as of August 21, 2024:
Read MoreNominate Small Businesses for SBA’s 2025 National Small Business Week Awards
August 21, 2024 Delaney SextonContributing Editor Nominate Small Businesses for SBA’s 2025 National Small Business Week Awards “From corner shops to innovation hubs, American entrepreneurs create jobs, invent and provide crucial products and services to their communities, and help define the neighborhoods they serve,” says Administrator Isabel Casillas Guzman.“The SBA is proud to celebrate National Small…
Read MoreSBA 7(a) Approvals by Indiana Lenders
August 21, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Indiana Lenders For fiscal year 2024, these are the lending statistics by Indiana lenders as of August 20, 2024:
Read MoreSmall Business’s Role in Rural America
August 20, 2024 Delaney SextonContributing Editor Small Business’s Role in Rural America Small businesses in rural areas play an important role in both the economy of the area and the community. Nearly all businesses in rural areas are small, and they supply more than half of all jobs for employees in rural areas. The SBA…
Read MoreSBA 7(a) Approvals by Illinois Lenders
August 20, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Illinois Lenders For fiscal year 2024, these are the lending statistics by Illinois lenders as of August 19, 2024:
Read MoreColeman’s On-Demand Webinars
Available Webinars: – How to Underwrite the SBA Business Acquisition Loan– Spotting Borrower Fraud and Reporting to SBA’s OIG– Calculating Cash Flow the SBA Way in 2024– How to Quickly and Perfectly Close the SBAExpress Loan– Getting the SBA Guaranty Paid on the Early Defaulted 7(a) Loan– Documenting Equity Injection the SBA Way– Insurance Coverage…
Read MoreColeman’s 14th Annual SBA Motel and Hotel Financing Webinar – Webinar 9/19
What Underwriters Need to Know for 2025 BONUS PDF — Coleman’s 2025 Hotel SBA Underwriting Addendum Checklist A Coleman WebinarDate: Thursday, September 19, 2024Time: 2:00 p.m. EasternIncludes e-certification & recording SBA loan data shows that hospitality loans continue to perform excellently, leaving an attractive option for a lender’s loan portfolio with historically low default and…
Read More“The Roglieri Collection” will be Auctioned Off to Repay Debtors
August 19, 2024 Delaney SextonContributing Editor “The Roglieri Collection” will be Auctioned Off to Repay Debtors The Saratoga Automobile Museum will be auctioning off five of Kris Roglieri’s cars during the museum’s 8th Annual Motorcar Auction. The cars being auctioned include three Mercedes-Benz cars: a 2005 AMG CL65, a 2019 G63 AMG, and a 2021…
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