Main Street Monday- 46% of Small Businesses are Unable to Find Workers
July 12, 2021Delaney SextonContributing Editor Main Street Monday- 46% of Small Businesses are Unable to Find Workers “In June, we saw a record high percent of owners raising compensation to help attract needed employees and job creation plans also remain at record highs. Owners are doing everything they can to get back to a full,…
Read MoreFraud Friday- “They Got Us” Banc-Serv’s Kerri Agee’s Trial Starts July 26th
July 9, 2021 Delaney Sexton Contributing Editor After four years, the former president, founder, and CEO of Banc-Serv, Kerri Agee, will begin her trial on July 26th at the Indianapolis Federal Courthouse. Agee is being tried for one charge of conspiracy to commit wire fraud affecting a financial institution and three charges of wire fraud affecting…
Read MoreColeman Movers & Shakers- Gary Henderson, Melissa Fenner, and Mike Pedicelli
July 8, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers- Gary Henderson, Melissa Fenner, and Mike Pedicelli Silver Fox Advisors Welcome Gary Henderson “Gary Henderson was elected a Silver Fox Advisor Associate Member,” announces Bill Herman, President of the Silver Fox Advisors. Herman adds, “Gary has an extensive background in the business world and specifically…
Read MoreDon’t Be a Target – Know How to Accurately Complete the SBA Settlement Sheet
Tips to Ensure a Smooth Loan Closing A 75-minute webinar that allows your staff to earn e-certification. A Coleman WebinarDate CHANGE: Wednesday, July 28, 2021Time: 2:00 p.m. EasternDownload a Registration Form During the recent SBA 7(a) Quarterly call to lenders, SBA revealed it is increasing their reviews for compliance with SBA Settlement Sheet 1050. SBA…
Read MoreC-Suite Wednesday- 45% of Outstanding C&I Loan Balances Secured by SBA Guarantees
July 7, 2021Delaney SextonContributing Editor “Balances on outstanding and new small business commercial and industrial (C&I) loans increased in the first quarter of 2021, due primarily to a second round of lending through the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) that began in January,” reads a report from The Federal Reserve Bank of…
Read MoreHot Topic Tuesday- SBA Lending Drops After PPP Loan Program Ends
July 6, 2021By Delaney SextonContributing Editor Hot Topic Tuesday- SBA Lending Drops After PPP Loan Program Ends “The COVID-19 pandemic was an economic shock to small firms and the effects were not easily predictable,” reads the SBA Office of Advocacy’s May Economic Bulletin. “Financial conditions have improved and remain accommodative to economic growth. Meanwhile, financing…
Read MoreFraud Friday- “The Real Housewives of Beverly Hills” Star Erika’s Estranged Husband’s Law Firm Received a $1.5 million PPP Loan – then Filed Bankruptcy
July 2, 2021 By Delaney SextonContributing Editor Fraud Friday- “The Real Housewives of Beverly Hills” Star Erika’s Estranged Husband’s Law Firm Received a $1.5 million PPP Loan – then Filed Bankruptcy The Girardi Keese law firm allegedly owes over $56.8 million to law firms, litigation funders, and other creditors in addition to the PPP loan…
Read MoreColeman Movers & Shakers- George Andreaus, George Vredeveld, and Eric Giltner
July 1, 2021 Delaney SextonContributing Editor Coleman Movers & Shakers- George Andreaus, George Vredeveld, and Eric Giltner Evolve Bank Names George Andreaus New President of their SBA Lending Division “It is an exciting time for the SBA lending industry, and I am looking forward to creating new opportunities that will lead to exponential growth for…
Read MoreC-Suite Wednesday- Veteran Entrepreneurs Receive Less Loan Approvals From Large Banks, Small Banks, and Online Lenders
June 30, 2021By Delaney SextonContributing Editor C-Suite Wednesday- Veteran Entrepreneurs Receive Less Loan Approvals From Large Banks, Small Banks, and Online Lenders “Recent research indicates there may be unique factors hindering veterans’ pursuit of entrepreneurship and business ownership,” says the SBA Office of Advocacy in a report issued yesterday. “As Vietnam veterans age out of…
Read MoreHot Topic Tuesday- Two Thirds of Small Business Owners Plan on Selling
June 29, 2021By Delaney SextonContributing Editor Hot Topic Tuesday- Two Thirds of Small Business Owners Plan on Selling “About two-thirds of business owners start their business from scratch, while less than a quarter of owners purchased the business they own,” states a March economic report about the paths people take to business ownership by the…
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