Main Street Monday – Small Businesses Spending 12% Less on Capital Expenditures

January 23, 2023 Delaney SextonContributing Editor Main Street Monday – Small Businesses Spending 12% Less on Capital Expenditures “The continuing inflationary environment underscores the need for careful cash flow management in both expenditures and revenues. Cash outflows need to be well-timed to match cash inflows from customer revenues. Small businesses accomplished this in 2022 by…

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California I-Bank and Small Business Loan Guarantees

By Joseph Coleman Funded by the State of California in FY22 guaranteed 632 small business loans for $278 million. Here’s a quick overview of the program: ● Maximum guaranty of 80%● Maximum guaranty amount: $5 million● Loan Interest rate determined by each lende● Eligible applicants include small businesses with 1-750 employees.● Credit qualifications are based…

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Coleman Movers & Shakers – Alan Peterson and Peoples Bank

January 19, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Alan Peterson and Peoples Bank First Internet Bank Announces Alan Peterson as VP, Senior Business Development Officer “Alan has operated in the SBA arena for the last ten years and is expected to make a big impact right out of the gate”, states SBA…

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C-Suite Wednesday – Record Numbers of Business Startups During the Pandemic

January 18, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Record Numbers of Business Startups During the Pandemic “One surprising phenomenon that has come out of COVID-19 has been the recent rise in business applications measured by the Census Bureau’s Business Formation Statistics (BFS). As of September 2022, monthly business applications have exceeded pre-pandemic highs in…

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SBA Hot Topic Tuesday – Southern States See Higher Delinquency and Default Rates

January 17, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Southern States See Higher Delinquency and Default Rates Overall, small business conditions are better in northern states while southern states tend to have less positive small business conditions according to PayNet’s market insights. Default rates in the United States improved while delinquencies and small…

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Fraud Friday – Ex-TD Bank Executive Guilty of $17 Million PPP Fraud

January 13, 2022 Delaney SextonContributing Editor Fraud Friday – Ex-TD Bank Executive Guilty of $17 Million PPP Fraud Daniel Hernandez worked at TD Bank overseeing 80 employees at 27 different branches as a Market Manager until he orchestrated a PPP fraud scheme. He was fired from the bank in August 2022 and pleaded guilty to…

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Protect your SBA PLP License — Webinar 2/15

Ten Compliance Checklist Items to Implement Immediately A New Coleman Webinar for SBA Loan Underwriters! A Coleman Training Webinar Date: Wednesday, February 15, 2023 Time: 2:00 p.m. Eastern Download a Registration Form a 75-minute training class that lets staff earn e-certification Says the SBA, “The SBA has immediately suspended non-lenders Blueacorn and Womply, companies that…

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