Jim Wilkie and Sean Wilkie Join Harvest SBF’s Business Development Team

April 1, 2024 Delaney SextonContributing Editor Rising Stars: Introducing the Powerhouses Joining Harvest’s Business Development Team – Jim Wilkie and Sean Wilkie Jim Wilkie – Senior Vice President, BDO Jim Wilkie graduated with a Finance Degree from Indiana University and was recruited into banking in Houston in 1984. He has been a Loan and Business…

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IRS Announces Almost $9 Billion in COVID Fraud Investigated – Fraud Friday

March 29, 2024 Delaney SextonContributing Editor IRS Announces Almost $9 Billion in COVID Fraud Investigated – Fraud Friday “In the last year alone, we have opened nearly 700 new COVID fraud investigations that collectively add up to $5 billion in potential fraud,” says Criminal Investigation (CI) Chief Guy Ficco. “While COVID may no longer be…

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23% of Restaurant Revitalization Fund Authorizations were Potentially Ineligible

March 28, 2024 Delaney SextonContributing Editor 23% of Restaurant Revitalization Fund Authorizations were Potentially Ineligible The Restaurant Revitalization Fund approved 101,000 applications and disbursed $28.6 billion to small business owners, but the Inspector general found that $6.7 billion may have been disbursed to ineligible applicants. SBA developed a plan that included a risk framework that…

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Legal Loan Broker Fees: SBA Form 159 Mandatory Disclosures — A Coleman Webinar 4/18

Loan Broker Fees Charged to the BorrowerLoan Broker Fees Paid by the Lender Attend the Live Webinar EventThursday, April 18, 20242:00 PM Eastern75-minute training with e-certification Are you confident SBA loan broker fees and compliance disclosures can withstand scrutiny? Ensuring full compliance with SBA’s rules around loan fees and disclosures for loan brokers and agents…

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Senators Introduce a Bill to Prevent SBA from 7(a) Direct Lending

March 27, 2024 Delaney SextonContributing Editor Senators Introduce a Bill to Prevent SBA from 7(a) Direct Lending “Fraud and inefficiency characterize the Small Business Administration’s history in direct lending. The government shouldn’t crowd out private lenders that are already doing a good job getting funds to the small businesses that need them. I’m proud to…

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First Capital Finance and Pricus Marine SBA 504 Loan Leads to Shipwreck Discovery

March 27, 2024 Delaney SextonContributing Editor First Capital Finance and Pricus Marine SBA 504 Loan Leads to Shipwreck Discovery “This project was an exciting opportunity for FCF as we expanded our typical financing into vessels. As Floridians, we understand the importance of the work companies like Pricus Marine accomplish. Our collaboration is a testament to…

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