Hot Topic Tuesday — Small Businesses Shift Focus to State Economic Relief
November 24, 2020 Caity Roach Editor Hot Topic Tuesday — Small Businesses Shift Focus to State Economic Relief As congressional negotiations surrounding another round of PPP remain stalled, some states have begun introducing their own small business loan programs to ensure local businesses have access to the funding they need to recover and keep local…
Read MoreMain Street Monday — Survey Finds Micro Businesses have been Disproportionately Affected by COVID-19
November 23, 2020 Caity RoachEditor Main Street Monday — Survey Finds Micro Businesses have been Disproportionately Affected by COVID-19 Businesses owned and operated by a single person, often called “micro-businesses” or “solo-preneurs,” are more likely to close compared to other small businesses that have at least one or more employees, says Facebook’s most recent State…
Read MoreFraud Friday – Bank Executive Sentenced to Five Years in Prison for Role in Construction Fraud Scheme
November 20, 2020 By Caity WituckiEditor, Fraud Friday Fraud Friday – Bank Executive Sentenced to Five Years in Prison for Role in Construction Fraud Scheme Troy Gregory, a former senior lending officer and executive at University National Bank, has been found guilty of making false statements to twenty-six Kansas banks in order to convince them…
Read MoreStructuring Hybrid SBA 7(a) and 504 Financing Business Acquisition Loans — Webinar 10/27
Structuring Hybrid SBA 7(a) and 504 Financing Business Acquisition Loans Ensure you are SBA Compliant with Guidance:SBA COVID Program Underwriting StandardsPPP Business Acquisition ConsiderationsSBA’s Business Acquisition Rules in the New SOP 5010 6 A Coleman Webinar Date: Wednesday, October 27, 2021Time: 2:00 p.m. EasternGo to Registration and Payment | Download a Registration Form Comprising 24%…
Read MoreColeman Movers & Shakers — Colony Bank, Mike Hix, and Richard Smith
November 19, 2020 Caity RoachContributing Editor Coleman Movers & Shakers — Colony Bank, Mike Hix, and Richard Smith Colony Bank Expands SBA Lending Group to Meet Increased Demand “I am excited about the talent, knowledge and experience this group brings to our team,” says Darren Davis, President of the Small Business Specialty Lending Group. “This…
Read MoreC-Suite Wednesday — 5 Things PPP Lenders are Still Waiting For
November 18, 2020 Caity Roach Contributing Editor C-Suite Wednesday — 5 Things PPP Lenders are Still Waiting For Although the PPP Forgiveness Platform has been open since August 10, 2020, many lenders continue to tell their borrowers to hold off on submitting their forgiveness applications until additional guidance is released. Here are the top 5…
Read MoreHot Topic Tuesday — SBA Quietly Releases Borrower Questionnaire for PPP Loans over $2 Million
November 17, 2020 Caity Roach Contributing Editor Hot Topic Tuesday — SBA Quietly Releases Borrower Questionnaire for PPP Loans over $2 Million The SBA recently issued a quiet release of two new borrower questionnaires on the PPP Forgiveness Platform for loans over $2 million. The purpose of these forms is to facilitate the collection of…
Read MoreColeman’s 2020 SBA Secondary Market Summit Webinar – December 17 & 18
Coleman’s 13th Annual 2020 SBA Secondary Market Online Summit Webinar Home Speakers Agenda Registration Coleman’s 13th Annual SBA Secondary Market Summit will Offer Two 90-Minute Sessions of Online Training for your Staff A Coleman Webinar Session 1 Date: Thursday, December 17, 2020 Time: 2:00pm ET – 3:30pm ET Session 2 Date: Friday, December 18, 2020…
Read MoreMain Street Monday — 21% of Small Business Owners Anticipate Full Recovery in Less than a Year
November 16, 2020 Caity RoachContributing Editor Main Street Monday — 21% of Small Business Owners Anticipate Full Recovery in Less than a Year The inaugural release of American Express’s entrepreneurial spirit index, confirms the resiliency of small business owners during the pandemic. Here are some of the key findings from American Express’s survey of over 1,000…
Read MoreFraud Friday – Community Banker Sentenced to Two Years in Federal Prison
November 13, 2020 By Caity WituckiContributing Editor Fraud Friday – Community Banker Sentenced to Two Years in Federal Prison A Maryland federal judge has sentenced the former CEO and president of Cecil Bank, Mary Beyer Halsey, to two years in federal prison for fraud related to the purchase of a foreclosed-upon home. In addition, Halsey…
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