Heritage Bank and Venturus Announce Joint Venture

June 11, 2024 Delaney SextonContributing Editor Heritage Bank and Venturus Announce Joint Venture “Venturus has built an innovative, elevated SBA lending experience for entrepreneurs that combines white glove service, expertise and efficiency,” says H. David Wallace, Heritage Bank Chairman and CEO. “The result is an SBA 7a loan application process simpler for the customer and…

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Nationally Recognized Team Joins Truliant’s SBA Lending Program

June 10, 2024 Delaney SextonContributing Editor Nationally Recognized Team Joins Truliant’s SBA Lending Program Truliant Federal Credit Union announced today a major expansion of its Small Business Administration lending program. Truliant is adding a nationally recognized team of business development officers. The team is headed by Ray Drew, a top-producing SBA 7(a) lender who has…

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Coleman’s SBA 7(a) Loan Closing Report

Essential Information to Safeguard the SBA 7(a) Loan Guaranty Coleman’s Closing Report is the only industry report forSBA Loan Closers that features: SBA Policy NoticesSOP UpdatesAdvanced Analysis of SBA RequirementsSolutions to Program ChallengesPrudent Lending AdviceSBA Good Citizen BehaviorGray Area InterpretationsActions Affecting the PaRRIS ScoreBenchmark Performance Standards Published weekly, the subscription price includes an unlimited site…

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Coleman’s SBA 7(a) Loan Underwriting Report

Essential Information to Safeguard the SBA 7(a) Loan Guaranty Coleman’s Underwriting Report is the only industry report forSBA Loan Underwriters that features: SBA Policy NoticesSOP UpdatesAdvanced Analysis of SBA RequirementsSolutions to Program ChallengesPrudent Lending AdviceSBA Good Citizen BehaviorGray Area InterpretationsActions Affecting the PaRRIS ScoreBenchmark Performance Standards Published weekly, the subscription price includes an unlimited site…

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Broward County Sherriff’s Former Deputy Gets 7 Months for $31K PPP Fraud

June 7, 2024 Delaney SextonContributing Editor Broward County Sherriff’s Former Deputy Gets 7 Months for $31K PPP Fraud The 17 Broward Sheriff’s Office employees who were criminally charged for committing PPP fraud have all gone to trial or accepted a plea deal as of this week. Here are the recent updates on the Broward Sheriff’s…

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Coleman Hotel SBA Loan Update

Includes a Monthly Report & Zoom Call Anyone interested in funding SBA hotel loans needs Coleman’s monthly SBA Hotel Loan Update. Our audience consists of SBA lenders, brokers and brands. Every month you will be informed about the latest trends and news concerning SBA loan financing for the hospitality industry. You will receive: ● Timely and…

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SBA Published the Updated Criminal Justice Rule

June 6, 2024 Delaney SextonContributing Editor SBA Published the Updated Criminal Justice Rule SBA has published Procedural Notice 5000-857477 implementing the recent Criminal Justice Rule. On April 30, 2024, SBA published the “Criminal Justice Reviews for the SBA Business Loan Programs, Disaster Loan Programs, and Surety Bond Guaranty Program” Final Rule (Rule), 89 FR 34094, which was effective May…

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7(a) Loan Approvals – NAICS 56

June 6, 2024 Delaney SextonContributing Editor 7(a) Loan Approvals – NAICS 56 So far in fiscal year 2024, SBA has approved 44,878 7(a) loans totaling over $18.9 million. The Administrative and Support and Waste Management and Remediation Services sector makes up roughly 5% of all 7(a) loans and dollar amounts. Here are the 7(a) statistics…

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