Main Street Monday – Loan Delinquency Rates Have Been Low During the COVID Recession
November 15, 2021 Delaney SextonContributing Editor Main Street Monday – Loan Delinquency Rates Have Been Low During the COVID Recession “The Office of Advocacy’s bi-annual Economic Bulletin examines new data on how small businesses have recovered since the peak of the COVID-19 pandemic,” reads the November Economic Bulletin. “COVID-19 sparked the shortest recession in U.S.…
Read MoreC-Suite Wednesday – 7(a) Loan Agent Transparency and Oversight Acts are Being Reviewed by the Senate
November 10, 2021 Delaney SextonContributing Editor C-Suite Wednesday – 7(a) Loan Agent Transparency and Oversight Acts are Being Reviewed by the Senate At the beginning of the month, the House passed six bipartisan bills, and of those bills, two centered around collecting and data and submitting annual reports on 7(a) loan agents. The bills would…
Read MoreHot Topic Tuesday – Infrastructure Investment and Jobs Act Will Take Money From SBA Programs
November 9, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – Infrastructure Investment and Jobs Act Will Take Money From SBA Programs The House passed the Infrastructure Investment and Jobs Act on Friday, and the Senate already passed the Act in August. President Biden is expected to sign the legislation, but part of the billions of…
Read MoreMain Street Monday – The House Passes Two Bills Addressing Veterans and Main Street
November 8, 2021 Delaney SextonContributing Editor Main Street Monday – The House Passes Two Bills Addressing Veterans and Main Street “As small businesses continue to build back better in the wake of the COVID crisis, Congress must boost support for entrepreneurs in areas crucial to everyday success,” says Chairwoman Nydia M. Velázquez. “These bipartisan bills…
Read MoreFraud Friday – President of a Bank Subsidiary and Four Others Enter Plea Deals for $13.2 Million Fraud
November 5, 2021 Delaney SextonContributing Editor Fraud Friday – President of a Bank Subsidiary and Four Others Enter Plea Deals for $13.2 Million Fraud Five defendants, including the president of a bank subsidiary, were indicted in November of 2020 for a Ponzi-like scheme to defraud multiple financial institutions in San Antonio, Texas. Ronald Schroeder, Jill…
Read MoreColeman Movers & Shakers – David Barganski, Danelle Thomsen, and Stone Bank SBA Division
November 4, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – David Barganski, Danelle Thomsen, and Stone Bank SBA Division PlainsCapital Bank Welcomes David Barganski as SVP, Senior Commercial Loan Officer “David will be a great asset to our lending team and to the businesses we serve,” says Coastal Bend Region Chairman Frank Hastings. “While…
Read MoreC-Suite Wednesday – Small Businesses Make Up 62% of New Job Openings
November 3, 2021 Delaney SextonContributing Editor C-Suite Wednesday – Small Businesses Make Up 62% of New Job Openings Today, the SBA Office of Advocacy released their annual Frequently Asked Questions About Small Business report for 2021. They gather the most up-to-date statistics about American small businesses and their contribution to the economy in a single…
Read MoreWant to Expand your SBA Product Line? Try The SBA Export Loan Program – A View from the Very Top — Webinar 11/10
Want to Expand your SBA Product Line? Try The SBA Export Loan Program – A View from the Very Top SBA National Director of Trade Finance, Daniel Pische, Joins Coleman Webinar as a Special Guest Panelist A Coleman Webinar Date: Wednesday, November 10, 2021Time: 2:00 p.m. EasternGo to Registration and Payment | Download a Registration…
Read MoreHot Topic Tuesday – Supervision and Enforcement Procedures for Lenders, CDCs, and Intermediaries
November 2, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – Supervision and Enforcement Procedures for Lenders, CDCs, and Intermediaries “The Office of Capital Access has updated SOP 50 53 to incorporate developments in SBA’s supervision and enforcement program given new legislation, regulations, notices, delegations of authority, and evolving practices,” reads the SOP 50 53 (2)…
Read MoreMain Street Monday – Hotel Occupancy and Revenue Per Room Down 10% from Pre-Pandemic Levels
November 1, 2021 Delaney SextonContributing Editor Main Street Monday – Hotel Occupancy and Revenue Per Room Down 10% from Pre-Pandemic Levels “U.S. hotel occupancy dipped a percentage point week over week, while room rates rose slightly,” reads a recent press release from STR about US hotels through October 23rd. The hospitality industry is one of…
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