Hot Topic Tuesday – 80% of Consumers Plan to Shop at Small Businesses During Holiday Season
November 30, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – 80% of Consumers Plan to Shop at Small Businesses During Holiday Season “Shopping at a small business is on the busy holiday to-do list for a majority of U.S. consumers, according to recent American Express surveys. Doing so brings them joy and excitement, and they…
Read MoreColeman’s 2022 SBA Lender Professional Award Nominations
November 29, 2021 Delaney SextonContributing Editor Coleman’s 2022 SBA Lender Professional Award Nominations Nominations for Coleman’s 2022 SBA Lender Professional Awards are open for submissions. Nominating statements and/or testimonials should address why the nominee should be honored and how the nominee has made a positive impact on SBA lending and the small business community. The…
Read MoreC-Suite Wednesday – More Small Businesses Opening than Closing Says the SBA Office of Advocacy
November 24, 2021 Delaney SextonContributing Editor C-Suite Wednesday – More Small Businesses Opening than Closing Says the SBA Office of Advocacy “Two crucial small business indicators, self-employment and proprietors’ income, had historic declines in 2020. Both experienced very fast recoveries by early 2021. These indicators match the National Bureau of Economic Research’s conclusion that the…
Read MoreHot Topic Tuesday – Updated Guidance for Last Six Weeks of the EIDL Program
November 23, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – Updated Guidance for Last Six Weeks of the EIDL Program “The COVID Economic Injury Disaster Loan (EIDL) and EIDL Advance programs still have billions of dollars available to help small businesses hard hit by the pandemic. More than 3.8 million businesses employing more than 20…
Read MoreMain Street Monday – Average Main Street Business Expects No Sales Growth
November 22, 2021 Delaney SextonContributing Editor Main Street Monday – Average Main Street Business Expects No Sales Growth “Small business owners are attempting to take advantage of current economic growth but remain pessimistic about business conditions in the near future,” says NFIB Chief Economist Bill Dunkelberg. “One of the biggest problems for small businesses is…
Read MoreSBA Forms 159 and 912 Mandatory 2022 Changes — Ensure Staff Compliance — Webinar 2/10
● Correctly Calculate and Disclose Referral Fees● Correctly Calculate and Disclose Packaging Fees. ● Lender’s Responsibilities with Character Determination Eligibility A 75-minute webinar that lets staff earn e-certification. A Coleman WebinarDate: Thursday, February 10, 2022Time: 2:00 p.m. EasternDownload a Registration Form Don’t be caught off guard when SBA reviews your portfolio. Ensure you are compliant…
Read MoreFraud Friday – Bank Branch Manager Uses Deceased Bank Customers’ Identities for Fraud
November 19, 2021 Delaney SextonContributing Editor Fraud Friday – Bank Branch Manager Uses Deceased Bank Customers’ Identities for Fraud “This defendant took advantage of his position at a bank to steal money from the bank accounts of deceased individuals,” says Acting U.S. Attorney Farley. “This significant breach of trust is also a serious federal crime.…
Read MoreColeman Movers & Shakers – David Raccio, Jordan Payne, and Tara Russell
November 18, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – David Raccio, Jordan Payne, and Tara Russell BDC Capital/ CDC New England Promotes David Raccio to SVP, Managing Director of Sales “Dave has shown a strong ability to work effectively with bankers and borrowers while navigating the SBA guidelines,” says Paul F. Flynn, Jr.,…
Read MoreColeman’s 2022 SBA Lender Professional Awards
December 21, 2021 Delaney SextonContributing Editor Coleman’s 2022 SBA Lender Professional Awards Nominations for Coleman’s 2022 SBA Lender Professional Awards are open. Nominating statements and/or testimonials should address why the nominee should be honored and how the nominee has made a positive impact on SBA lending and the small business community. Coleman’s 2022 SBA Lender…
Read MoreHot Topic Tuesday – Form 912 Elimination, Form 159 Revision, and Coleman Report Live Announcement
November 16, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – Form 912 Elimination, Form 159 Revision, and Coleman Report Live Announcement The SBA Form 912 has been eliminated from the Character Determination process, and the SBA will no longer accept the form for processing. Lenders need to refer to the current SOP 50 10 (6)…
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