Small Business Lending Grew in Q3 2024 Despite Tightening Credit Standards and Low Demand
January 7, 2025 Delaney SextonContributing Editor Small Business Lending Grew in Q3 2024 Despite Tightening Credit Standards and Low Demand In the third quarter of 2024, small business lending grew by 1.8% compared to the same period in 2023 and 6.9% compared to the previous quarter. Quarter-over-quarter, there was a 16.5% increase in new credit…
Read MoreUnderwriting SBA 7(a) & 504 Franchise Loans Certified Online Training
Certified Online Training1 Hour of Content Split Into 6 ModulesLed by Lance Sexton A Best Practice SBA Lending Guide Post-Franchise Directory Last year’s SBA rule change eliminated the need for lenders to consider control issues when determining affiliates of small business applicants. As part of this change, the SBA no longer publishes the Franchise Directory,…
Read MoreSmall Business Loan Defaults Expected to Peak Next Year
January 6, 2025 Delaney SextonContributing Editor Small Business Loan Defaults Expected to Peak Next Year Nationwide, past-due small business loans have been on the rise. The small business delinquency rate hit 1.78% in November, up 6 basis points from last year. Additionally, small business defaults have spiked by 49 basis points in the last year,…
Read MorePPP Loan Recipient Sued by Unrelated Third Party for False Claim – Fraud Friday
January 3, 2024 Delaney SextonContributing Editor PPP Loan Recipient Sued by Unrelated Third Party for False Claim – Fraud Friday There has been an influx of cases involving individuals searching the SBA PPP loan database to find targets they believe were ineligible for PPP loans. These individuals file False Claims Act lawsuits in order to…
Read MoreLendistry SBLC’s Tammy deClercq was Selected as a Founding Member of SBA’s Small Business Lending Advisory Council
January 2, 2024 Delaney SextonContributing Editor Lendistry SBLC’s Tammy deClercq was Selected as a Founding Member of SBA’s Small Business Lending Advisory Council “The whole team at Lendistry couldn’t be prouder of Tammy for this appointment,” says Everett K. Sands, CEO of Lendistry. “So many of the milestones Lendistry SBLC has achieved in the past…
Read MoreFulton Bank Welcomes Pamela Hisler as Business Banking Executive
January 2, 2024 Delaney SextonContributing Editor Fulton Bank Welcomes Pamela Hisler as Business Banking Executive Fulton Bank, a premier community bank in the Mid-Atlantic region, recently welcomed Pamela Hisler to the bank as a business banking executive serving the Greater Philadelphia, South New Jersey, and Central New Jersey regions. A proven leader in commercial and…
Read MoreSBA Loan Construction Tariff, Labor Pool Risk Management, & the New SOP 5010 8 — 5/20
A 2025 SBA Underwriting, Closing, and Servicing Update Incorporating Recent Industry Updates A Coleman Webinar with PartnerESIDate: Tuesday, May 20, 2025Time: 2:00 p.m. Eastern Includes e-certification & recording You know the headlines. This webinar will help you place everything into context to minimize your risk in SBA 7(a) and 504 loan construction lending. Following up…
Read MoreSmall Business Have Less Outstanding Debt and Less Desire for Loans
December 31, 2024 Delaney SextonContributing Editor Small Business Have Less Outstanding Debt and Less Desire for Loans The Federal Reserve Banks published their 2024 annual Small Business Credit Survey. The survey has been following small business trends since 2016, and here is what the survey found this year: Consistent with the previous year, 93% of…
Read MoreFDIC Says Small Business Lending Falls By 9%
December 30, 2024 Delaney SextonContributing Editor FDIC Says Small Business Lending Falls By 9% The FDIC’s CRA December 2024 report reveals that small business loans of less than $100,000 decreased by almost 9%. Small rural farm loans experienced a similar decline. The number of loan originations fell by 5.6%, while the dollar amount dropped by…
Read MoreSBA Will Allow Brokers Access to the Settlement Express Application Programming Interface
December 30, 2024 Delaney SextonContributing Editor SBA Will Allow Brokers Access to the Settlement Express Application Programming Interface Beginning December 26, 2024, Secondary Market participants with a broker dealer CAFS role can request access to Settlement Express API in SBA catweb2 testing environment. This enhanced functionality will enable quicker, more efficient communication with SBA systems,…
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