New SBA Administrator Cancels Agency Remote Work Effective Today, Says 90% HQ Offices are Vacant in X Video
February 24, 2025 Bob ColemanFounder & Publisher New SBA Administrator Kelly Loeffler Announces Full Return to Office On her second day on the job, SBA Administrator Kelly Loeffler sends a message that she will be using social media to communicate her vision. Writing on X last week, “This Friday afternoon you could hear a pin…
Read MoreSkilled Nursing Facility Company Pays $18 Million to Settle PPP Loan False Claim Act Allegations
February 21, 2025 Bob ColemanFounder & Publisher Fraud Friday — Skilled Nursing Facility Company Pays $18 Million to Settle PPP Loan False Claim Act Allegations A CPA and licensed nursing home administrator filed a false claim lawsuit in 2022 against Unified Care Services, alleging that 16 skilled nursing home facilities improperly received $15 million in…
Read MoreKelly Loeffler Confirmed as New SBA Administrator
February 20, 2025 Bob ColemanFounder & Publisher Kelly Loeffler Confirmed as New SBA Administrator Yesterday, by a vote of 52-46, the United States Senate confirmed Kelly Loeffler as Administrator of the SBA. Congressman Rick Allen of Georgia says, “With Kelly Loeffler at the helm of the SBA, small business owners throughout the state of Georgia…
Read MoreErickson Joins TMC, First Internet Bank Names Porter Vice President, OptimumBank Gets PLP
February 20, 2025 Bob ColemanFounder & Publisher Movers & Shakers Thursday — Erickson Joins TMC, First Internet Bank Names Porter Vice President, OptimumBank Gets PLP Andrew Erickson Named Senior Vice President, Business Development Officer Servicing California’s Inland Empire “We are excited to welcome Andrew to the team,” says Kurt Chambliss, EVP of Business Development at…
Read MoreLenders Urge House Small Business Committee to Streamline SBA’s SOP
February 19, 2025 Bob ColemanFounder & Publisher Lenders Urge House Small Business Committee to Streamline SBA’s SOP Last week, House Small Business Committee Chairman Roger Williams of Texas led a hearing titled “Driving Economic Growth: SBA Lending Programs and the Vital Role of Community Banks.” There was a interesting q&a between Congressman Rob Bresnahan of…
Read MoreSBA OIG Finds No Problems in Funding Circle’s SBLC License Issuance
February 18, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA OIG Finds No Problems in Funding Circle’s SBLC License Issuance In the midst of the chaos surrounding the transition to a Trump 2.0 administration, the Office of Inspector General issued a report last week absolving the SBA of any poor judgment in…
Read MoreGuaranty Denial Traps in Refinancing Debt with the SBA 7(a) Loan — 2/26
And the New SBA 504 Refinancing Rules A 75-minute training with e-certification & recording for all attendees Attend the Live Coleman Webinar EventWednesday, March 5, 20252:00 PM Eastern SBA loan closer failure to collect all borrower underlying debt refinance paperwork risks annulment of your SBA 7(a) loan guaranty. One lender lost $850,000 in an SBA…
Read MoreFraud Friday — Serial Criminal Gets 9 Years in Prison for $3 Million PPP Loan Fraud
February 14, 2025 Bob ColemanFounder & Publisher Fraud Friday — Serial Criminal Gets 9 Years in Prison for $3 Million PPP Loan Fraud Earlier this week, Christopher Carroll was sentenced to 9 years in prison for a $3 million PPP loan fraud. This sentence is on the high end for a white-collar crime of this…
Read MoreSBA 7(a) SOP Compliance Training Webinar Series — 3/27
Learn what Experts Know after Reviewing Over 16,000 7(a) Loans5 Weekly Online Webinars Feb 20 – Mar 27Updated for 2025 and the SBA SOP 7.1 Register for this 5-part online webinar series for your entire staff to learn what loan reviewers expect to see in a well-managed SBA loan portfolio. Your entire staff can attend…
Read MoreMovers & Shakers Thursday — Mark Davis, Rhonda Smith, Eric Warfel Join Harvest as Business Development Officers
February 13, 2025 Bob ColemanFounder & Publisher Movers & Shakers Thursday — Mark Davis, Rhonda Smith, Eric Warfel Join Harvest as Business Development Officers Mark DavisSenior Vice President Business Development Officer Mark brings over 32 years of banking experience, with a specialization in SBA and conventional loans for the past 18 years. A proud graduate…
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