September 17, 2021 Delaney SextonContributing Editor Fraud Friday – Ophthalmologist Commits PPP Fraud While on Pretrial Release “Dr. Ameet Goyal was an experienced eye doctor who became blinded by greed and routinely defrauded patients who trusted him to heal their eyes,” says U.S. Attorney Audrey Strauss. “Already facing charges for defrauding patients and insurers of…

September 16, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – Michael B. Hobbs, Curtis Brunton, Kendra Vincenty, and Marcelo Mills Michael B. Hobbs is Promoted to President and COO for Independent Bank Group, Inc. “These changes reflect the careful thought of our Board of Directors regarding the future leadership of our Company. Michael is…

September 15, 2021 Delaney SextonContributing Editor C-Suite Wednesday – Small Business Owners Lack Confidence in Future Business Conditions “As the economy moves into the fourth quarter, small business owners are losing confidence in the strength of future business conditions,” says NFIB Chief Economist Bill Dunkelberg. The NFIB recently released their August Small Business Economic Trends…

September 14, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – SBA Releases Improvements to the EIDL Program “The SBA’s COVID Economic Injury Disaster Loan program offers a lifeline to millions of small businesses who are still being impacted by the pandemic,” says SBA Administrator Isabella Guzman. Recently, the SBA made some enhancements to the EIDL…

September 13, 2021 Delaney SextonContributing Editor Main Street Monday – Nearly 90% of Small Business Owners Support More Emergency Funding “Small businesses are struggling to recover amid pandemic-related headwinds according to data released today from Goldman Sachs 10,000 Small Businesses Voices. The data from a forthcoming survey completed last week is a critical warning sign…

September 10, 2021 Delaney SextonContributing Editor Fraud Friday – Two Bank Managers Sentenced in Bank Fraud Scheme “Bank employee Herode Chancy used fake businesses, doctored bank statements, and stolen identities in an effort to obtain over $1 million in commercial loans.  Now Chancy has rightly been sentenced to prison for his crime.  Prosecutions like this…

September 9, 2021 By Joseph ColemanContributing Editor, Coleman Report ARLINGTON – SBA lenders met at the Mid-America Lenders Conference this week prompting discussions about record 7(a) and 504 lending growth for FY21. As a result, there was a rise in screen outs and origination processing issues. The number one reason for 7(a) screen outs (34%)…

September 8, 2021 Delaney SextonContributing Editor C-Suite Wednesday – Billions Available in the EIDL Program The SBA’s Economic Injury Disaster Loan program for the COVID-19 Pandemic still has plenty of funds remaining. The program’s application deadline is December 31, 2021, unless funds run out before this. As of September 2, 2021, nearly 4 billion EIDLs…

September 7, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – 90% of Equally Male/Female-Owned Businesses are Family-Owned The SBA Office of Advocacy released a report this morning with data about equally male/female-owned employer small businesses. Here are the facts: There were almost 861,000 equally male/female-owned businesses (EOB)  in 2018. These businesses generated $1.3 trillion in…

September 3, 2021 Delaney SextonContributing Editor Fraud Friday – Former EDA Executive Director Involved in Alleged Fraud Indicted with 34 Counts Jennifer McDonald was the former Executive Director of the Front-Royal-Warren County Economic Development Authority in Virginia. She was arrested in 2019 and accused of embezzling $21 million. Last week she was indicted and charged…