Farm Lending Activity Increased by 20% in the Last Year
July 16, 2024 Delaney SextonContributing Editor Farm Lending Activity Increased by 20% in the Last Year In the second quarter of 2024, the volume of new operating loans for farmers increased by 20% from the year before. Boosted farm lending activity is believed to be connected to the larger size of loans at small and…
Read MoreMerchants & Marine Bank Receives Preferred Lender Status from SBA
July 16, 2024 Delaney SextonContributing Editor Merchants & Marine Bank Receives Preferred Lender Status from SBA “The PLP authority granted by the SBA enables Voyager Lending, a division of Merchants & Marine Bank, to approve most SBA loans in-house, expediting the approval process by eliminating the need for a separate SBA review,” explains Matthew McElveen,…
Read MoreSBA 504 Lending Stats by Business Type
July 16, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Business Type For fiscal year 2024, these are the lending statistics by business type as of July 15, 2024:
Read MoreSBA’s New Working Capital Loan Program — Webinar 8/6
Asset-Based SBA 7(a) Line Funding Available August 1 SPECIAL PRICING$495 Unlimited Site License Anybody with your institution’s email domain may attend with any device worldwide A Coleman WebinarDate: Tuesday, August 6, 2024Time: 2:00 p.m. Eastern(E-certification & Recording Provided) As small businesses grow, they require access to working capital. Working capital is most economically delivered through…
Read MoreSBA 7(a) Working Capital Pilot Program Starts on August 1st
July 15, 2024 Delaney SextonContributing Editor SBA 7(a) Working Capital Pilot Program Starts on August 1st In the Federal Register, SBA’s 7(a) Working Capital Pilot (WCP) Program was introduced, and SBA is currently accepting comments on the new program until August 14, 2024. The program itself goes into effect on August 1, 2024, and will…
Read MoreSBA 504 Lending Stats by Exporter Status
July 15, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Exporter Status For fiscal year 2024, these are the lending statistics by exporter status as of July 14, 2024:
Read MoreFormer SBA Employee Defrauds SBA, State Programs, and Credit Unions – Fraud Friday
July 12, 2024 Delaney SextonContributing Editor Former SBA Employee Defrauds SBA, State Programs, and Credit Unions – Fraud Friday “Today’s charges highlight our unwavering commitment to protecting the integrity of SBA programs,” says SBA OIG’s Eastern Region Special Agent in Charge Amaleka McCall-Braithwaite. “Exploiting relief efforts for personal gain undermines public trust and deprives legitimate…
Read MoreThe 17th Annual SBA Secondary Market Summit; Washington D.C. — 12/5/24
We’re back for 2024! Bob Judge will bring his decades of industry knowledge and expert insight to give us a glimpse of what to expect in 2025. Bob Coleman will moderate and put together the only program that brings together the Big Four of the SBA secondary market — Brokers, Investors, Sellers and SBA. Marty…
Read MoreTop Six Reasons for SBA Screen Outs
July 11, 2024 Delaney SextonContributing Editor Top Six Reasons for SBA Screen Outs On the SBA 7(a) Connect Quarterly Update, Joe McClure from the Loan Guaranty Processing Center shared the top reasons for screen outs. The top three reasons alone account for 82% of screen outs. Here is what to look out for as lenders:
Read MoreSBA 504 Lending Stats by Rural or Urban Status
July 11, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Rural or Urban Status For fiscal year 2024, these are the lending statistics by rural or urban status as of July 10, 2024:
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