June 29, 2021By Delaney SextonContributing Editor Hot Topic Tuesday- Two Thirds of Small Business Owners Plan on Selling “About two-thirds of business owners start their business from scratch, while less than a quarter of owners purchased the business they own,” states a March economic report about the paths people take to business ownership by the…

June 28, 2021 Delaney SextonContributing Editor Main Street Monday – 89% Increase in Demand for Food Delivery Services Since 2019 “After more than a year of reduced spending, Americans now have the highest level of personal savings since the 1960s making it feasible for them to return to instore shopping as local economies reopen,” reads…

June 25, 2021 By Delaney SextonContributing Editor Fraud Friday- Trial Finally Begins July 7th for Alleged SBA Loan Fraudster Kerri Agee The president of the Nation’s largest SBA loan service provider, a former director of NAGGL, and one of the most powerful women in SBA Lending industry will finally see her day in court. Kerri…

June 23, 2021 Delaney SextonContributing Editor C-Suite Wednesday- How’s SBA Doing? Here’s the Stats In anticipation of Coleman’s latest Top 10 Newsletter, here are the top 5 things you need to know about SBA lending. Restaurant Revitalization Fund- Currently Halted• With over 362,000 loan applications and limited funds available, SBA will require more finances for…

June 22, 2021 Delaney Sexton, Contributing Editor SBA Hot Topic Tuesday- Nearly 3,000 Restaurant Revitalization Fund Fundings Halted by Federal Courts “The acceptance letter they received from the SBA represented a commitment to provide not only federal funding, but also a needed bit of hope that they would survive to serve their community,” says the…

June 21, 2021 Caity RoachContributing Editor Main Street Monday — Small Business Banking Relationships Are Being Challenged by Rising Expectations “Our research reveals that as the country emerges from pandemic-related restrictions, the needs and expectations of small businesses have changed significantly,” says Leo Mattiazzi, Executive Vice President of Global Innovation for CI&T. “Despite the many…

June 18, 2021Delaney SextonWriter, Fraud Friday Fraud Friday — Farm Equipment CEO Pleads Guilty to $5 Million SBA Loan Fraud  “Rickey Carter’s decision to concoct various illegal schemes to keep his failing business afloat has damaged small businesses, community banks and defrauded the federal government,” says acting U.S. Attorney, Peter D. Leary. “FBI and FDIC…

June 17, 2021 Caity RoachContributing Editor Coleman Movers & Shakers — Hakim Kassam, Samuel Ortiz, and Chrissy Foster Hakim Kassam to Lead SBA Lending Division at Rising Bank “In my new role, I am charged with creating and scaling a new SBA Lending national platform for SBA 7(a) and SBA 504 loans and helping small…

June 16, 2021 Caity RoachContributing Editor C-Suite Wednesday— GAO Tells SBA How to Calculate PPP Lender Guaranty Denials On June 2, 2021, the U.S. Government Accountability Office (GAO) published an update on the overall status of the SBA’s implementation of GAO recommendations. According to the report, the SBA has 54 open recommendations, 15 of which…

June 15, 2021 Delaney SextonWriter, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Administrator’s 2021 Priorities — 1) More 7(a) Borrower Friendly Changes, 2) 7(a) Volume to Increase, 3) Focus on Underserved Markets “For our economy to recover, we have to transform our programs and services to really meet these businesses where they…