Movers & Shakers Thursday — Milestone Bank Adds JP Prinz to BDO TeamNovember 14, 2024 Bob Coleman “We are excited to welcome JP Prinz to the Milestone SBA Team. As an industry veteran, he brings a strong credit background with years of high volume origination of SBA 7(a) loans,” says Guy Gibson, Milestone Bank EVP.…

November 15, 2024 Delaney SextonContributing Editor Bank Interim CEO and a Board Member Prohibited from the Banking Industry – Fraud Friday This week, the Federal Reserve Board announced that Anthony R. Gressak III and James T. Chung are prohibited from participating in the banking industry in the future due to fraudulently obtaining COVID loans. Anthony…

Small Business Loan Supply Tightens Says FedNovember 13, 2024Bob Coleman Every quarter, the Federal Reserve Board of Governors releases a Senior Loan Officer Opinion Survey on bank lending practices. While the report addresses the entire scope of a lender’s portfolio, this analysis focuses on small business loans. Terms for small business loans tightened over the…

Community Bank & Trust West Georgia Ranked #1 USDA B&I for FY 2024November 12, 2024Bob Coleman FY 2024 7 Loans for $75,566,000 “We are deeply committed to reaching and supporting America’s heartland and the communities that form its foundation,” says Steve Jefferies, President & CEO of Community Bank & Trust. “Being recognized as the top…

November 8, 2024 Delaney SextonContributing Editor Kris Roglieri Makes Another Attempt to Be Released From Detention – Fraud Friday The defense is “taking a third bite at the apple” to get Kris Roglieri released. The team filed a motion and submitted a risk assessment and counseling plan with the hopes that there would be another…

Ameritrust Adds Ryan Carroll to Represent in Western WashingtonNovember 6, 2024Bob Coleman Says Kim Willis, President & Ceo of Ameritrust CDC, “It is my pleasure to announce the hiring of Ryan Carroll to the Ameritrust Team.  Ryan’s position is Business Development for Western Washington.  He will be focusing on expanding our partnerships and supporting clients…

SBA Hot Topic Tuesday — Small Business Loan Demand Rising says SBANovember 5, 2024By Bob Coleman, Founder & Publisher From SBA’s Office of Advocacy October 2024 report Small business credit conditions remain tight following COVID-19.  Borrowing conditions changed as rising interest rates increased costs for small businesses reliant on banks for their funding needs. Commercial…

SBA has released the SBA SOP 50 57 3.1 for servicing and liquidation SBA loans effective December 1, 2024 and is now available on Amazon for $39.95 with free shipping! Order hardcover on Amazon here Ordering an SOP hardcover manual sounds a bit old school, right? But there are some cool perks to consider: So,…

November 1, 2024 Delaney SextonContributing Editor Cattle Farmer Sentenced to Over 15 Years for Stealing Cattle and SBA Disaster Funds – Fraud Friday After a series of crimes since 2018, Michael Wayne Butikofer’s criminal activity finally came to an end when a judge handed down a prison sentence of 15 years and 8 months. He…