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…

January 7, 2020 Caity RoachEditor Coleman Movers & Shakers — Kevin Ferryman, Falcon National Bank, and BankProv Kevin Ferryman Joins Freedom Bank as Head of SBA Division “We are very fortunate to have a SBA banking executive join our team with such diverse and broad experience in small business lending,” says Joe Thomas, President and…

January 6, 2020 Caity RoachEditor C-Suite Wednesday — 29% of Businesses Fail Due to Lack of Capital “Small business lending statistics offer valuable insight into the state of small business as a whole,” says Fundera analyst, Maddie Shepherd. “Generally speaking, the habits and trends that small business lending statistics indicate help paint a broader picture…

How Just Enacted CARES Act and Oversight Reform Legislation Affects Your Portfolio Ranking Home | Speakers | Agenda | Registration What you Need to Know about: Types of Audits and Reviews Hold Harmless Protections for Lenders Lender Accountable “Good Faith” Actions PPP Loans are to be Serviced as SBA 7(a) Loans Lender Responsibilities for PPP Loan Approvals…

January 5, 2020 Caity RoachEditor Hot Topic Tuesday — The Top 5 Things Lenders Need To Know About the EIDL Program In August, the SBA issued a set of procedural notices informing SBA 7(a) and 504 lenders that credit memos must temporarily include an analysis of how PPP, EIDL, and other stimulus financing affects the…

January 4, 2021 Caity RoachEditor Main Street Monday — Top Small Business Trends for 2021 For small businesses, 2020 was one of the most challenging years in history. However, changing socioeconomic conditions brought about by the coronavirus pandemic paved the way for numerous opportunities for business growth in 2021. Here are a few business trends…

December 31, 2020 Caity RoachEditor Coleman Movers & Shakers — Michael Barrera, Ryan Fox, and Fong Nguyen Michael Barrera Named SBA District Director for Northern Florida “Economic prosperity for entrepreneurs is critical for our local communities and our nation’s economy,” says Michael Barrera. “I look forward to working with all of our resource partners in…

December 20, 2020 Caity RoachEditor C-Suite Wednesday — OIG Issues Recommendations For the Next Round of PPP Last weekend, the President signed the $900 billion coronavirus economic aid bill which passed in both the House of Representatives (359-53) and the Senate (92-6) on December 21, 2020. The legislation, the Consolidated Appropriations Act of 2021, includes…

December 29, 2020 Caity RoachEditor Hot Topic Tuesday — Dates You Need to Know for PPP 3.0 In addition to allowing particularly impacted businesses to obtain a second draw PPP loan, The Consolidated Appropriations Act of 2021, makes several changes to PPP, EIDL, 7(a), and 504 deadlines.  Here are the dates you should know before…

December 28, 2020 Caity RoachEditor Main Street Monday — Key Provisions in the New Economic Recovery Act Sunday night the President signed the $900 billion coronavirus economic aid bill which passed in both the House of Representatives (359-53) and the Senate (92-6) on December 21, 2020. The legislation, the Consolidated Appropriations Act, 2021, includes over…