Change Lending Settles with Treasury — Renews CDFI Certification
by Bob Coleman, Publisher Southern California based CDFI Change Lending has resolved its dispute with the Feds and is now back in business. The heart of the dispute was whether the CDFI was meeting the requirement of 60% of its lending went to underserved markets. A former Chief of Staff to the CEO, Adam Levine,…
Read MoreLouisiana SBA 7(a) Rankings for FY 2023
by Bob ColemanPublisher RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 12 $28,548,000 $2,379,000 2 American Bank (LA) 56 $22,953,300 $409,880 3 First Financial Bank (AR) 12 $18,819,000 $1,568,250 4 Newtek Small Business Finance, Inc. (NY) 21 $15,326,300 $729,824 5 b1BANK (LA) 25 $14,901,200 $596,048 6 Peoples Bank…
Read MoreHouse Small Biz Committee Questions SBA’s Office of Entrepreneurial Development Spending
Says Chairman Rogers Williams of Texas in yesterday’s hearing. Owning your own small business is one of the most rewarding careers in America. You get to put your time and effort into something that you are passionate about and fulfills a need in the marketplace. We all know that to be a successful small business…
Read MoreKentucky SBA 7(a) Lender Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 8 $16,700,200 $2,087,525 2 Stock Yards Bank & Trust Company (KY) 42 $16,628,800 $395,924 3 Republic Bank & Trust Company (KY) 32 $13,744,200 $429,506 4 The Huntington National Bank (OH) 63 $13,066,300 $207,402 5 Community Trust Bank, Inc. (KY) 45…
Read MoreSenate Small Business Chair wants $14 Million for SBA’s OIG for COVID-19 Loan Portfolio Oversight
In one of her first actions as Chair of the U.S. Senate Committee on Small Business and Entrepreneurship Jeanne Shaheen wants SBA’s Inspector General to continue and expand its work of identifying and collecting fraudulent PPP and EIDL loans. Shaheen writes, “Unfortunately, many unscrupulous actors viewed our collective commitment to help deserving small businesses as…
Read MoreKansas SBA 7(a) Lender Ranking for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 12 $21,245,000 $1,770,417 2 Emprise Bank (KS) 27 $11,744,800 $434,993 3 First Bank of the Lake (MO) 5 $7,929,600 $1,585,920 4 Equity Bank (KS) 16 $7,889,200 $493,075 5 LendingClub Bank, National Association (IL) 5 $7,830,000 $1,566,000 6 Fidelity Bank, National…
Read MoreNew Webinar: CRE in ’24 and Beyond: A Cat 5 or a Mild Storm?
November 14, 1PM EST Register today through Microsoft Teams With the 10-Year Treasury breaching 5% as the Fed keeps rates elevated, is a storm brewing inCommercial Real Estate? The financial press seems to agree. The WSJ said “Real-Estate Doom LoopThreatens America’s Banks,” describing the CRE market as “now in meltdown.” ‘Q3 Bank Earningsshowed increased stress,…
Read MoreColeman Report Live! Monday November 13th @ 1 pm Eastern
Link for Microsoft Town Hall Link for YouTube Today’s Guests John Reosti, American Banker, Community Bank Reporter Lance Sexton, Executive Vice President, Fountainhead Commercial
Read MoreIndiana State 7(a) Lenders Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 The Huntington National Bank (OH) 315 $58,025,500 $184,208 2 Live Oak Banking Company (NC) 26 $31,031,000 $1,193,500 3 Old National Bank (IN) 31 $27,342,300 $882,010 4 Centier Bank (IN) 58 $25,197,100 $434,433 5 Merchants Bank of Indiana (IN) 29 $22,570,400 $778,290 6 First Internet Bank…
Read MoreVets Own 2 Million Small Businesses, Employ 5.5 Million
SBA says veterans own 1,955,191 businesses and employ 5,450,860 Americans. Source: SBA Office of Advocacy, November 2023
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