Former 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:
Read MoreSBA 7(a) Connect Call Hot Topics
July 10, 2024 Delaney SextonContributing Editor SBA 7(a) Connect Call Hot Topics Yesterday, SBA held their 7(a) Connect Quarterly Update call. Here are some of the key topics they discussed: Watch the 7(a) Connect Quarterly Update here!
Read MoreSBA 504 Lending Stats by Business Age
July 10, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Business Age For fiscal year 2024, these are the lending statistics by business age as of July 9, 2024:
Read MoreLess Small Businesses are Having Their Credit Needs Met
July 9, 2024 Delaney SextonContributing Editor Less Small Businesses are Having Their Credit Needs Met Small business optimism is at its highest this year, but credit conditions in June were less favorable for small businesses according to findings from the NFIB’s Small Business Economic Trends report. Although current credit conditions were rockier, small business owners…
Read MoreSBA 504 Lending Stats by Loan Size
July 9, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Loan Size For fiscal year 2024, these are the lending statistics by loan size as of July 8, 2024:
Read MoreSmall Business Sentiment at its Highest in 4 Years Says U.S. Chamber of Commerce
July 8, 2024 Delaney SextonContributing Editor Small Business Sentiment at its Highest in 4 Years Says U.S. Chamber of Commerce In the second quarter of 2024, small business sentiment was boosted according to the U.S. Chamber of Commerce’s Small Business Index. The SBI’s score was 69.5, a gain of more than 7 points from the…
Read MoreSBA 504 Lending Stats by Veteran Status
July 8, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Veteran Status For fiscal year 2024, these are the lending statistics by veteran status as of July 5, 2024:
Read More