September 23, 2020 By: Caity Roach Contributing Editor, C-Suite Wednesday C-Suite Wednesday — Over 70% of Lenders Expect their Compensation to Remain the Same in FY 2021  According to the latest polls conducted during the Coleman Report Live daily show, 71% of  SBA lenders say that they anticipate lender compensation in FY 2021 will remain the…

September 22, 2020 By Caity Roach Contributing Editor, Hot Topic Tuesday   Hot Topic Tuesday — GAO Finds Lack of Clarity Surrounding PPP Forgiveness On September 21, 2020, the U.S. Government Accountability Office (GAO) published its monthly report on federal COVID-19 relief programs. According to the report, the SBA has responded to the GAO’s June recommendations…

September 21, 2020 By: Caity Roach Contributing Editor, Main Street Monday Main Street Monday – Coronavirus Pandemic Disproportionately Affects Female-Owned Small Businesses A recent study conducted by the U.S. Chamber of Commerce shows women-owned small businesses have been more heavily impacted by the coronavirus pandemic than male-owned small businesses. Since the pandemic started, woman-owned small…

September 18, 2020  By Caity RoachContributing Editor, Fraud Friday Fraud Friday — Greylock Fraud Defendant Awaits Sentencing Six Years After Pleading Guilty Former commercial loan officer for Massachusetts based Greylock Federal Credit Union, Michael Dicenzo, will soon hear his punishment, nearly six years after pleading guilty to participating in a multimillion-dollar loan fraud scheme.  In…

September 17, 2020  By Caity RoachContributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Don Jackson, DeeDee McIntyre, and Wyndie Dwyer Don Jackson Named Director of SBA Lending at Truliant Federal Credit Union “I look forward to leading and growing our SBA loan platform with the goal of becoming one of the top…

September 16, 2020 By Caity Roach Contributing Editor, C-Suite Wednesday C-Suite Wednesday –  98% of Lenders Want Congress to Pass a Simplified PPP Forgiveness Bill According to a recent poll conducted during the Coleman Report Live daily show, 98% of lenders who participated in the Paycheck Protection Program (PPP) are in strong support of Congress…

September 15, 2020 By Caity Roach Contributing Editor, Hot Topic Tuesday Hot Topic Tuesday — SBA Prepares for National Small Business Week Jovita Carranza, Administrator of the U.S. Small Business Administration, recently announced the kick-off for National Small Business Week. The virtual event, rescheduled from May due to the coronavirus pandemic, will be held September 22nd…

Preparing the SBA Loan Credit Memo — New SOP and COVID Underwriting Guidance Home Speakers Agenda Registration Ensure You Comply with the New SOP 5010 6 Effective October 1 — 75 minutes of Online Training for your staff Date: Wednesday, September 16, 2020 Time: 2:00 p.m. Eastern Download a Registration Form SBA’s new SOP 5010…

September 14, 2020 By: Caity RoachContributing Editor, Main Street Monday Main Street Monday – 88% of Small Businesses Have Exhausted Their PPP Funds According to a new survey conducted by Goldman Sachs, 88% of the small business owners say they have already exhausted their federal funding and 32% have now been forced to lay off…

September 11, 2020  By Caity RoachContributing Editor, Fraud Friday Fraud Friday – Financial Services Provider Defrauds Credit Union for $45 Per Month Former financial services provider, Rene Roy, will serve one day in federal prison and two years on probation for providing inaccurate and falsified documents to Belco Community Credit Union in order to get…