Former Merrill Lynch Financial Advisor Indicted for Stealing Millions from Clients and PPP – Fraud Friday
August 2, 2024 Delaney SextonContributing Editor Former Merrill Lynch Financial Advisor Indicted for Stealing Millions from Clients and PPP – Fraud Friday Government officials were finally able to pin down an alleged serial fraudster after he “actively [concealed] his whereabouts” for two years. Jared Dean Eakes was first arrested on May 20th due to accusations…
Read MoreThe Latest Small Business Green Lending Guaranteed Loan Products – Webinar 8/28
Get Ready for 2025 A Coleman WebinarDate: Wednesday, August 28, 2024Time: 2:00 p.m. Eastern(E-certification & Recording Provided) The SBA has green energy initiatives for the 504 Loan program that allows multiple loans to a single borrower without a maximum ceiling. The USDA Rural Business Services has its Rural Energy for America Program (REAP) with a…
Read MoreSBA 7(a) Loan Insurance Coverage Underwriters Must Require in Credit Memos – Webinar 8/22
When to Obtain the 15 Types of Insurance Coverage Listed in SOP 5010 7.1 Attend the Live Webinar EventThursday, August 22, 20242:00 PM Eastern75-minute training with e-certification & recording Do you know SBA’s SOP referenced types of insurance SBA lenders must obtain at loan closing?(Hint: Hazard, Wind, Hail, Earthquake, State Mandated, Marine, Flood, Life, LiabilityProduct…
Read MoreSBA 7(a) Loan Sold to the Secondary Market Turns 31 Days Delinquent? – Webinar 8/21
Immediate Actions Needed to Protect the SBA Loan Guaranty A Coleman WebinarDate: Wednesday, August 21, 2024 Time: 2:00 p.m. Eastern Includes e-certification & recording Servicing an SBA 7(a) loan that has been sold to the secondary market is completely different from servicing a loan held in portfolio. Some rules are the same regarding the actions…
Read MoreGulf Coast Small Business Lending Welcomes Chris McIntosh as VP, BDO
August 1, 2024 Delaney SextonContributing Editor Gulf Coast Small Business Lending Welcomes Chris McIntosh as VP, BDO “We are thrilled to have Chris join our Gulf Coast Small Business Lending team. His years of accomplished experience in the SBA industry will be an asset to both our borrowers and our team,” says Larry Moran, Managing…
Read MoreFrequently Asked Questions About Small Businesses
August 1, 2024 Delaney SextonContributing Editor Frequently Asked Questions About Small Businesses The SBA Office of Advocacy published their frequently asked questions about small businesses for 2024. Here are a few of the questions: How many small businesses are there in the U.S.? There are 34.7 million small businesses in the country. Of those, 81.9%,…
Read MoreSBA 7(a) Approvals by Top Coloradan Lenders
August 1, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Top Coloradan Lenders For fiscal year 2024, these are the lending statistics by top Coloradan lenders as of July 31, 2024:
Read MoreSenators Rosen & Moran Introduce Legislation to Provide Tax Cuts for Veteran Startups
July 31, 2024 Delaney SextonContributing Editor Senators Rosen & Moran Introduce Legislation to Provide Tax Cuts for Veteran Startups “Our nation’s servicemembers deserve all of our support as they transition to civilian life,” says Senator Jacky Rosen of Nevada. “I’m proud to introduce this bipartisan bill to provide Nevada veterans with a tax credit on start-up costs…
Read MoreSBA 7(a) Approvals by Californian Lenders
July 31, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Californian Lenders For fiscal year 2024, these are the lending statistics by Californian lenders as of July 30, 2024:
Read MoreSBA Announced Fiscal Year 2025 Lender Fees
July 30, 2024 Delaney SextonContributing Editor SBA Announced Fiscal Year 2025 Lender Fees Yesterday, SBA released the lender fees for the upcoming fiscal year. For the second year in a row, SBA will not be charging upfront fees for loans $1,000,000 or less for 7(a) and 504 loans. Here are the fees: 7(a) Lender’s Annual…
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