September 20, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Senator Rubio Receives the Coleman 2022 Main Street Lender of the Year Award Last week, Chris Hurn, Fountainhead’s Founder and CEO, awarded Senator Marco Rubio with the Coleman 2022 Main Street Lender of the Year award. Senator Rubio was chosen as Main Street Lender…

September 19, 2022 Delaney SextonContributing Editor Main Street Monday – 53% of Small Business Owners Increased Their Prices in August “Inflation remains the #1 problem for small business owners. Gas is cheaper, but not much else,” says Bill Dunkelberg, the NFIB Chief Economist. “To slow inflation, costs coming in the back door must fall and…

A Live Streaming Webinar Clean Up Your PPP Portfolio – Steps to Take Before the Start of FY23How to Deal With the PPP Problem Loans; Non Responsive Borrowers, Closed Businesses, and FraudActions You Need to Take Before September 30th A Coleman WebinarDate: Wednesday, September 28, 2022Time: 2:00 p.m. EasternDownload Registration Form Our latest polls indicate…

A Live Streaming Webinar How to Underwrite SBA Borrower Cash Flow ProjectionsEnsure Underwriters are Compliant with SBA’s Underwriting SOP A Coleman WebinarDate: Wednesday, September 21, 2022Time: 2:00 p.m. EasternDownload Registration Form In recent years, the SBA’s Inspector General has issued scathing audit reports criticizing several lenders of their underwriting practices for borrower projections. The OIG…

September 16, 2022 Delaney SextonContributing Editor Fraud Friday – The First False Claims Act Settlement from a PPP Lender “The settlement announced today is believed to be the nation’s first settlement with a PPP lender pursuant to the False Claims Act. The settlement amount also reflects Prosperity Bank’s efforts to cooperate with the government’s investigation…

September 15, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Amy Petrilla, Austin Simpson, Tim Doyle, and VelocitySBA PlainsCapital’s Fort Worth Commercial Lending Team Welcomes Amy Petrilla as EVP “We are very pleased to welcome Amy,” says Fort Worth Region Chairman Mark Warren. “With more than three decades in the industry, she brings an…

September 14, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Small Business Owners Fear Customers Will Turn to Big Businesses “The impact of COVID-19 on small businesses and communities all over the world is significant,” reads a Goldman Sachs report released this month. Small business owners continue to deal with the economic conditions brought on by…

September 13, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Unfilled Job Positions Remains an Issue Across Industries “Small business owners in various industries continue to manage historic economic headwinds that are impacting their day-to-day business,” says Holly Wade, the Executive Director of NFIB’s Research Center. “Each industry is handling a unique set of…

September 12, 2022 Delaney SextonContributing Editor Main Street Monday – Veteran Documentation for $0 Upfront Fee on 7(a) Loans in FY23 For all SBA Express loans made to businesses owned and controlled by a veteran or spouse of a veteran, the Upfront Fee will be $0 in fiscal year 2023. To qualify for fee relief,…

September 9, 2022 Delaney SextonContributing Editor Fraud Friday – Man Steals Millions from PPP, EIDL, and a Religious Organization “Kenneth Gaughan is facing the consequences for defrauding his employer for years and then enriching himself with taxpayer funds meant to help businesses and employees at a time of crisis,” says IRS-CI Special Agent in Charge…