Everything Your Small Business Customers Need to Know about PPP to Maximize Loan DrawsANDBorrower Documentation Required to Complete the PPP Forgiveness ApplicationTHIS WEBINAR CONTENT IS FOR ALL SMALL BUSINESS SIC CODESPurchase the site license and invite up to 20 of your customers and prospects A Coleman WebinarDate CHANGE: Tuesday, February 16, 2021Time: 2:00 p.m. EasternDownload…

January 20, 2021 Caity RoachEditor C-Suite Wednesday — SBA Plum Book Jobs Just ahead of New Year’s Eve, the Government Publishing Office (GPO) released the latest Plum Book,  a compendium of more than 9,000 Federal civil service leadership and support positions in the executive and legislative branches that the new presidential administration must fill in…

January 19, 2021 Caity RoachEditor SBA Hot Topic Tuesday — Nearly 55,000 PPP Loans Went to Potentially  Ineligible Businesses “SBA’s efforts to hurry capital to businesses were at the expense of controls that could have reduced the likelihood of ineligible or fraudulent business obtaining a PPP loan,” says the SBA OIG in a report issued…

January 15, 2021 Caity RoachEditor Fraud Friday — Bookkeeper Gets 4 Years in Prison for Embezzling Over $1 Million from Medical Practice “I got caught up in living a double life, things just spiraled out of control,” Anndrea Jacobs told the Judge at her sentencing hearing.  Former Oregon medical practice office manager and bookkeeper, Anndrea…

January 14, 2021 Caity RoachEditor Coleman Movers & Shakers — Isabel Guzman, Amy Bassett, Kelley Groth, and Bailey Wolff President-Elect Biden Announces Nomination of Isabel Guzman as SBA Administrator Currently serving as Director of California’s Office of the Small Business Advocate and a key leader in the state’s COVID-19 economic recovery, Isabel Guzman works closely…

January 13, 2021 Caity RoachEditor C-Suite Wednesday — SBA Reopens PPP to Community Financial Institutions The  Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (EAA) set aside $15 billion in new PPP funding for community financial institutions (CFIs) to ensure increased access for minority, underserved, veteran, and women-owned business concerns. The SBA defines…

January 12, 2021 Caity RoachEditor SBA Hot Topic Tuesday – What Lenders Need to Know about the Second Draw PPP Application Section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the EAA) allows certain small businesses that have already received a Paycheck Protection Program (PPP) loan to apply for a…

January 11, 2021 Caity RoachEditor What You Need to Know About the New SBA Guidance as of January 11, 2021 1. Changes to PPPOn January 6, 2021, the SBA released two IFRs with comprehensive guidance on First Draw and Second Draw PPP loans. 2. PPP Opening DatesCommunity financial institutions will be able to make First…

January 11, 2021 Caity RoachEditor Main Street Monday — 56% of Small Businesses Plan on Using Online Lending Options in 2021 According to the annual JPMorgan Chase Business Leaders Outlook Survey, 47% of small businesses believe economic uncertainty created by the COVID-19 pandemic will remain their top challenge in 2021. However, small businesses are showing…

January 8, 2020 Caity RoachEditor Fraud Friday — Former Australian Banker Charged for $590,000 Fraud Scheme Former Australian Banker and wife of Sydney organized crime gangster, Sara Daizli, was arrested on December 16, 2020, for allegedly using her staff access at St. George bank to defraud her employer of more than $590,000 in order to…