June 27, 2024 Delaney SextonContributing Editor First Bank of the Lake Promotes Carolyn Calafiore to EVP and President of SBA Lending “Carolyn has been a superstar on the team since she started at the bank. Her dedication and expertise have driven our success, and we are confident she will continue to excel in her new…

June 26, 2024 Delaney SextonContributing Editor Representative Williams & Senator Ernst are “Pleased” but “Remain Concerned” After Funding Circle’s Announcement Representative Roger Williams and Senator Joni Ernst released a joint statement since the announcement that Funding Circle is voluntarily returning its SBLC license: “As we have been saying from the moment it was announced, Funding…

June 26, 2024 Delaney SextonContributing Editor United Community Welcomes Jeannie Yoder as SBA Regional Executive “Throughout Jeannie’s career, she has consistently demonstrated an exceptional aptitude for SBA lending,” says Beth Hallock, president of SBA lending at United. “With a remarkable track record, generating north of $600 million in SBA loan production, she brings invaluable expertise…

June 25, 2024 Delaney SextonContributing Editor iBusiness Funding Acquires Funding Circle for $41.8 Million, Will Return SBLC License Founder and CEO of iBusiness Funding LLC Justin Levy expresses his enthusiasm, saying, “We are thrilled to welcome the exceptional FC USA team to the iBusiness family. FC USA’s mission to be the largest SBA lender for loans under $500,000 aligns with our goal…

June 25, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by Business Type For fiscal year 2024, these are the lending statistics by business type as of June 24, 2024:

June 25, 2024 Delaney SextonContributing Editor Arkansas Capital Corporation Names Andrew Harris VP, Business Development Officer “As a private, non-profit lending corporation, we are dedicated to empowering entrepreneurs nationwide to meet the individual capital needs of businesses with a commitment to revitalizing communities across the nation,” says Craig Calafati, ACC Executive Vice President and Director…

June 25, 2024 Delaney SextonContributing Editor Arkansas Capital Corporation Welcomes McClernand “Mac” Crawford as VP, Business Development Officer “As a private, non-profit lending corporation, we are dedicated to empowering entrepreneurs across the U.S. to meet the individual capital needs of businesses with a commitment to revitalizing communities across the nation,” says Craig Calafati, ACC Executive…

June 24, 2024 Delaney SextonContributing Editor The State Small Business Credit Initiative Extends $98 Million to Alabama “As Alabama continues to signal that it’s open for business, it is crucial that we continue to contribute to the growth of the state’s economy through our small businesses. This is a sector that has played a pivotal…

June 24, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by Lender Type For fiscal year 2024, these are the lending statistics by lender type as of June 23, 2024:

June 21, 2024 Delaney SextonContributing Editor Oklahoma Bank SVP Scams Friends and BancFirst to Support Gambling Habit – Fraud Friday John Padilla, a former Senior Vice President and commercial loan officer at BancFirst in Lawton, Oklahoma, pleaded guilty to a $1 million loan fraud scheme. Padilla’s position at the bank granted him the authority to…