July 27, 2021 Delaney SextonContributing Editor Hot Topic Tuesday – banc-serv Defense Claims “They Got Us” Email is Out of Context Attorney William Johnston made the opening statements for the government. He says that banc-serv claimed to be the experts regarding SBA loan packages and was a “one-stop-shop” for lenders, and he referred to the…

July 26, 2021 Delaney SextonContributing Editor Main Street Monday – Over 65% of U.S. States had an Increased Volume of Business Openings Compared to Pre-COVID-19 In Yelp’s Q2 Economic Average Report, it reports “an increase in consumers getting back to pre-pandemic activities – such as dining out, in-person shopping and returning to their offices.” Consumer…

July 23, 2021 Delaney SextonContributing Editor Fraud Friday – Former Wells Fargo Banker is Sentenced 42 Months for $60 Million Movie Financing & COVID-19 Loan Fraud Benjamin Rafael was sentenced last week for helping take millions of dollars from investors and producers looking for financing for movies and Broadway shows. Following his indictment and guilty…

July 22, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers- Susan Just, Christopher Morin, and George Hewett Susan Just is the New Executive Vice President and Chief Credit Officer for Santa Cruz County Bank Krista Snelling, President and CEO comments, “We are excited to welcome Susan as Chief Credit Officer and as a valued member…

July 21, 2021 Delaney SextonContributing Editor C-Suite Wednesday- Updated SBA Personal Financial Statement Form is Released The SBA 7(a) Connect Quarterly Update call occurred on July 13th and outlined some SBA hot topics regarding forms and notices: On July 13th the SBA released the updated Form 413, effective July 13th, that consolidated four versions of…

July 20, 2021 Delaney SextonContributing Editor Hot Topic Tuesday- SBA Will Lend Almost $40 Billion in 7(a) and 504 Loans by the End of the Fiscal Year SBA 7(a) and 504 lending amounts continue to exceed the totals for the last five fiscal years. The number of 504 loans approved also surpasses the numbers for…

July 19, 2021 Delaney SextonContributing Editor Main Street Monday- Small Business Owners are Feeling More Optimistic Says the NFIB After a slight decline in May, small business owners’ optimism is on the rise as seen in the June Small Business Economic Trends report by the NFIB. Small business owners are hopeful as the economy starts…

July 16, 2021 Delaney SextonContributing Editor Fraud Friday- Woman Embezzles Over $450,000 From a Church Program for the Underserved Lisa Dawn Stabeno of Lubbock, Texas accepted a plea deal after embezzling over $450,000 from Church on the Rock. She worked there from 2013 to 2018 as an Accounts Manager and bookkeeper for their “Dream Center”,…

July 15, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers- Alan Hice, Diane Hawkins, and NACLB Conference First Business Banks Welcomes Alan Hice as Vice President of SBA Lending “As our SBA team continues to grow, we’re very pleased that Alan Hice joined us,” Marty Ferguson, Managing Director of SBA Lending, says. “His depth of…