December 17, 2021 Delaney SextonContributing Editor FLASH: Four of Five banc-serv Defendants Sentenced to Nearly 17 Years Collectively “Conspiring to defraud any SBA program is a blatant attempt to selfishly rob the nation’s diverse small businesses community from supports that assist them to grow and build our strong economy,” says Special Agent in Charge of…

December 17, 2021 Delaney SextonContributing Editor Fraud Friday – The UK and Germany Also Facing Widespread COVID Small Business Loan Fraud With most of SBA’s COVID-19 relief programs reaching their end, there are billions of dollars in potential losses due to the programs being afflicted with fraud. Many fraudsters have taken advantage of SBA’s financing,…

December 16, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – Clay Jones, Corky Strode, and Dean Baldwin Clay Jones Promoted to President and Chief Operating Officer of Heritage Bank of Commerce “Clay is an exceptional leader and his promotion to President and Chief Operating Officer of the Bank places him in a key leadership…

December 15, 2021 Delaney SextonContributing Editor C-Suite Wednesday – Small Business Owners are the Most Optimistic in Q4 Since Pre-Pandemic “The survey—conducted between October 13 – 27, 2021 as COVID-19 cases began receding nationally—reflects both higher optimism about next year and slightly better outlooks on overall business health,” reads the MetLife & U.S. Chamber of…

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…