C-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…
Read MoreFraud Friday – Man Charged with EIDL Fraud After Using Proceeds on $58,000 Pokémon Card
October 29, 2021 Delaney SextonContributing Editor Fraud Friday – Man Charged with EIDL Fraud After Using Proceeds on $58,000 Pokémon Card “It was part of the scheme that Oudomsine unjustly enriched himself by obtaining EIDL proceeds under false and misleading pretenses including by making false statements about the number of individuals his company employed and…
Read MoreColeman Movers & Shakers – Shamara van der Voort, Tyler Maragh, and Jonan Tiarks
October 28, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers – Shamara van der Voort, Tyler Maragh, and Jonan Tiarks Shamara van der Voort Hired as the Santa Cruz County Bank Chief Operating Officer Krista Snelling, President and CEO comments, “It is a pleasure to welcome Shamara as Chief Operations Officer and as a valued…
Read MoreC-Suite Wednesday – Small Business Lending Increased Across the Country
October 27, 2021 Delaney SextonContributing Editor C-Suite Wednesday – Small Business Lending Increased Across the Country In the United States, there is an increase in small business lending, especially in comparison to lending in 2020. Delinquency rates and default rates have been low in the nation, according to Paynet Insights. Although the Small Business Lending…
Read MoreHot Topic Tuesday – OIG Investigated $335 Million in Loan Agent Fraud in the Last Decade
October 26, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – OIG Investigated $335 Million in Loan Agent Fraud in the Last Decade “Lenders often rely on the services of loan agents and lender service providers to help originate, close, service, and liquidate SBA loans of traditional SBA 7(a) and 504 Certified Development Company loans are…
Read MoreMain Street Monday – 85% of Temporarily Closed Business are Reopened in Quarter 3 2021
October 25, 2021 Delaney SextonContributing Editor Main Street Monday – 85% of Temporarily Closed Business are Reopened in Quarter 3 2021 “After a surge in COVID cases in Q3, the impact of the delta variant on businesses appears to have been less drastic than originally forecasted – after a slight dip in August, hiring and…
Read MoreFraud Friday – Business Owner was Sentenced 2 Years in Prison for Embezzling From Business Partner and Financial Institutions
October 22, 2021 Delaney SextonContributing Editor Fraud Friday – Business Owner was Sentenced 2 Years in Prison for Embezzling From Business Partner and Financial Institutions The owner of a commercial flooring business was sentenced to two years in prison for embezzling more than a million dollars from his business partner and financial institutions. From 2011…
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