May 7, 2025 Bob ColemanFounder & Publisher SBA 7(a) and 504 to be Fully funded in FY26 Budget — SBDCs Enhanced — SCORE, Women’s Business Centers, STEP to be Closed No changes are anticipated to the SBA 7(a) and 504 Loan programs, as the administration believes the changes they have made in the fee structure…

May 6, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA 7(a) and 504 to Double to $10 Million for Manufacturers in Bipartisan Congressional Bill House Committee on Small Business Chairman Roger Williams (R-TX) and Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst (R-IA) are introducing key bipartisan legislation with Senator…

May 5, 2025 Bob ColemanFounder & Publisher Main Street Monday — California Boasts the Lowest 1st-Year Small Business Failure Rate Last week, I reported on challenges lenders may face in California within an increasingly regulatory environment. Today, I’m taking a positive approach by sharing statistics, which you know I love,  about the fifth largest economy…

May 2, 2025 Bob ColemanFounder & Publisher Fraud Friday — Brothers Guilty Plea in a Blueacorn-Related Fraud A key individual who took advantage of Blueacorn’s loose PPP loan eligibility screenings has pled guilty to a $109 million loan fraud. Eric Karnezis submitted 1,300 PPP loan applications for $178 million through Blueacorn’s lender service provider dashboard.…

May 1, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Gay Schwere, Gabriele Distler, Deangelou Stevenson, & Juliana Totta Land New Gigs Gay Schwere Joins Stone Bank as VP/Business Development Officer Gabriele Distler Joins EverBank as Senior Underwriter Deangelou Stevenson Joins Veritex Bank as GGL Business Development Officer Juliana Totta Named Senior Vice President…

April 30, 2025 Bob ColemanFounder & Publisher THIS JUST IN! — Herndon to Purchase all SBA 7(a) Small Loans, Fresno Becomes the Lead Contact for Loan Servicing Center Actions Citing greater efficiency and a better “customer service” experience, Fresno will be the point of contact for all SBA loan servicing actions. And the National Guaranty…

April 29, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA’s 7(a) Loan Calculator Buried in the news of last week’s new SOP 5010 8 is an updated SBA 7(a) Loan Guaranty Calculator. Download the spreadsheet from SBA’s website here: https://www.sba.gov/document/support-sba-7a-loan-guaranty-fee-calculator PS — Registration is still open for today’s 2 pm Eastern new…

April 28, 2025 Bob ColemanFounder & Publisher Restaurant Franchise Operators Expect Traffic Decline in 2025 Says Citizens Bank The Citizens Bank April 2025 Restaurant Industry Insights reported on an event sponsored by the bank for multi-unit franchise owners. A survey completed by leading multi-unit franchise operators in attendance yielded insightful feedback. Results revealed that 89%…

April 25, 2025 Bob ColemanFounder & Publisher Fraud Friday: Family Affair: Man and Sister-in-Law Plead Guilty in $19 Million Real Estate Loan Fraud Scheme In a tangled web of deceit spanning Massachusetts and Connecticut, a husband, wife, and sister-in-law have been caught orchestrating a massive $19 million loan fraud conspiracy. The scheme, which unraveled this…