Fraud Friday — NASA Senior Executive Pleads Guilty to PPP Loan Fraud
April 23, 2021 Caity Roach Editor Fraud Friday — NASA Senior Executive Pleads Guilty to PPP Loan Fraud “Despite holding a senior executive position at NASA, the defendant applied for over $350,000 in fraudulent loans and benefits,” says Raj Parekh, Acting U.S. Attorney for the Eastern District of Virginia. “In doing so, he essentially treated…
Read MoreColeman Movers & Shakers – Kristi Von Woglom-Davis, Armand A. Fernandez, and Brendan Baldwin
April 22, 2021 Caity RoachEditor Coleman Movers & Shakers – Kristi Von Woglom-Davis, Armand A. Fernandez, and Brendan Baldwin Kristi Von Woglom-Davis Joins Wallis Bank “Kristi Von Woglom-Davis brings a wealth of SBA Knowledge,” says Nasr Khan, Executive Vice President and CLO of Wallis Bank. “Her knowledge of the market and her contacts will allow…
Read MoreC-Suite Wednesday – Congress Seeks Information on PPP Forgiveness Backlog
April 21, 2021 Caity RoachEditor C-Suite Wednesday – Congress Seeks Information on PPP Forgiveness Backlog Last week, a group of House Republicans sent a joint letter addressed to SBA Administrator Guzman, asking for information on the backlog of Paycheck Protection Program (PPP) loan-forgiveness applications. “While we are appreciative of the SBA’s ongoing efforts, there remains…
Read MoreDocumenting Equity Injection the SBA Way: Know the 13 Most Common Mistakes in Equity Injection Documentation — Webinar 3/2
Documenting Equity Injection the SBA Way: Know the 13 Most Common Mistakes in Equity Injection Documentation How to document your borrower’s equity injections perfectly and correctly every time This 75-minute webinar earns e-certification for all attendees. A Coleman WebinarDate: Wednesday, March 2, 2022Time: 2:00 p.m. EasternDownload a Registration Form Do your people make any of the…
Read MoreHot Topic Tuesday – SBA Prepares to Launch Restaurant Revitalization Fund
April 20, 2021 Caity RoachEditor SBA Hot Topic Tuesday – SBA Prepares to Launch Restaurant Revitalization Fund Although applications for Restaurant Revitalization Fund (RRF) grants are not yet being accepted, the SBA posted a Program Guide and Sample Application (SBA Form 3172) to their website last weekend. “We are starting the process to help restaurants…
Read MoreMain Street Monday – Small Business Owners Struggle To Find Qualified Workers
April 16, 2021 Caity RoachEditor Main Street Monday – Small Business Owners Struggle To Find Qualified Workers “Main Street is doing better as state and local restrictions are eased, but finding qualified labor is a critical issue for small businesses nationwide,” says NFIB Chief Economist, Bill Dunkelberg. “Small business owners are competing with the pandemic…
Read MoreFraud Friday – Former Community First VP Charged with Loan Fraud and Arson
April 16, 2021 Caity Roach Editor Fraud Friday – Former Community First VP Charged with Loan Fraud and Arson Former Vice President of Community First Bank of the Heartland, Richard B. Pigg, has been arrested for allegedly monetizing fraudulent commercial real estate loans by burning down his investment properties to collect insurance. According to the…
Read MoreColeman Mover & Shakers – Mel Robertson, Valerie Nussbaum-Harris, and Sarah A. Day
April 15, 2021 Caity RoachEditor Coleman Mover & Shakers – Mel Robertson, Valerie Nussbaum-Harris, and Sarah A. Day Mel Robertson Joins Hope Credit Union as Senior Vice President of Small Business and Consumer Lending “Mel Robertson brings significant experience working with programs managed by the Small Business Administration,” says Pearl Wicks, COO of HOPE Credit…
Read MoreCorrectly Calculate Global Cash Flow the SBA Way — SOP 50 10 6
Correctly Calculate Global Cash Flow the SBA Way — SOP 50 10 6 Become an Expert in 7(a) and 504 COVID-19 Underwriting Requirements for Calculating Global Cash Flow Don’t Void Your SBA Guaranty with Improper Cash Flow Add Backs — a 75-minute webinar that allows your staff to earn e-certification. A Coleman WebinarDate: Tuesday, April…
Read MoreC-Suite Wednesday — Key Takeaways From Yesterday’s SBA 7(a) Connect Call
April 13, 2021 Caity RoachEditor C-Suite Wednesday — Key Takeaways From Yesterday’s SBA 7(a) Connect Call During yesterday’s SBA Lender Connect call, the Office of Financial Assistance provided the lending community with an overview of recent changes to SBA 7(a) lending and SBA pandemic relief efforts. Here are the key takeaways from the call: SBA…
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