SBA Employee Accused of Executing $435,000 EIDL Fraud Scheme – Fraud Friday
August 30, 2024 Delaney SextonContributing Editor SBA Employee Accused of Executing $435,000 EIDL Fraud Scheme – Fraud Friday During the pandemic, Faruk Syed was employed at the SBA as a loan specialist working on COVID Economic Injury Disaster Loans. His responsibilities included reviewing COVID EIDL applications and approving the loans. Now, Syed is accused of…
Read MoreU.S. Bank Reports that 3 in 4 Small Businesses Grew in the Last Year
August 29, 2024 Delaney SextonContributing Editor U.S. Bank Reports that 3 in 4 Small Businesses Grew in the Last Year “The fact that almost 9 in 10 small business owners and 3 in 4 employees share a positive outlook on the future of their business, underscores the resilience of small businesses and the value they…
Read MoreSBA 7(a) Approvals by Maryland Lenders
August 29, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Maryland Lenders For fiscal year 2024, these are the lending statistics by Maryland lenders as of August 28, 2024:
Read MoreA Federal Judge Decided to Uphold CFPB Small Business Data Collection Rule
August 28, 2024 Delaney SextonContributing Editor A Federal Judge Decided to Uphold CFPB Small Business Data Collection Rule At the start of this week, a Texas court issued a decision that upholds the legality of the Consumer Financial Protection Bureau’s Small Business Lending Rule. The CFPB issued a rule in March 2023 that requires financial…
Read MoreSBA 7(a) Approvals by Massachusetts Lenders
August 28, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Massachusetts Lenders For fiscal year 2024, these are the lending statistics by Massachusetts lenders as of August 27, 2024:
Read MoreSmall Businesses are Concerned with Costs but not with Financing
August 27, 2024 Delaney SextonContributing Editor Small Businesses are Concerned with Costs but not with Financing Small business owners are still being plagued by uncertainty with the current economy. The NFIB’s Small Business Problems and Priorities survey reveals what issues are most pertinent to small business owners. Since the survey is released every four years,…
Read MoreSBA 7(a) Approvals by Louisiana Lenders
August 27, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Louisiana Lenders For fiscal year 2024, these are the lending statistics by Louisiana lenders as of August 26, 2024:
Read MoreBusiness Formations Predicted to Increase in Western States
August 26, 2024 Delaney SextonContributing Editor Business Formations Predicted to Increase in Western States In July 2024, the U.S. Census Bureau reported that there were almost 421,000 business applications. Nearly 45% of business applications in July 2024 were from the South, and almost a quarter were from the West. July saw fewer business applications than…
Read MoreAre you Maximizing Your SBA 7(a) Loan Liquidation Recoveries? – Webinar 9/11
A 2025 Review of SBA’s 24-Month Litigation Plan and 30-Day Wrap-Up Report Policy A Coleman WebinarDate: Wednesday, September 11, 2024Time: 2:00 p.m. EasternIncludes e-certification & recording Are you struggling with complex SBA liquidation approvals and afraid of missing critical deadlines? Do you know what steps you must take to obtain SBA’s approval for an extension…
Read MoreSBA 7(a) Approvals by Kentucky Lenders
August 26, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Kentucky Lenders For fiscal year 2024, these are the lending statistics by Kentucky lenders as of August 23, 2024:
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