7(a) Loan Approvals – NAICS 56
June 6, 2024 Delaney SextonContributing Editor 7(a) Loan Approvals – NAICS 56 So far in fiscal year 2024, SBA has approved 44,878 7(a) loans totaling over $18.9 million. The Administrative and Support and Waste Management and Remediation Services sector makes up roughly 5% of all 7(a) loans and dollar amounts. Here are the 7(a) statistics…
Read MoreNew Business Applications are Above Pre-Pandemic Levels
June 5, 2024 Delaney SextonContributing Editor New Business Applications are Above Pre-Pandemic Levels After a spike in new business openings occurred at the start of the pandemic, the high rate of new business applications has endured. For example, the number of business applications received in April 2024 is greater than any year from 2004 to…
Read MoreAccommodation and Food Services – 7(a) Loan Approvals
June 5, 2024 Delaney SextonContributing Editor Accommodation and Food Services – 7(a) Loan Approvals So far, SBA has approved 44,590 7(a) loans totaling over $18.8 million. These are the 7(a) approvals for the Accommodation and Food Service industry. As of June 4, 2024:
Read MorePS Bank Promotes Paul Walsh to Senior Lender, SVP
June 5, 2024 Delaney SextonContributing Editor PS Bank Promotes Paul Walsh to Senior Lender, SVP “Paul has been an integral part of PS Bank’s growth over the last nine years. He was responsible for our designation as a Small Business Administration Preferred Lender in 2022. Paul’s dedication to his customers and his ability to recommend…
Read MoreColeman’s Community Advantage SBLC Update
A Monthly Intelligence Report for Community Advantage SBLC Executives; Includes a Monthly CA SBLC Issues Zoom Meeting Congratulations! As one of the new Community Advantage SBA lenders with a small business lending company license you have the ability to transform entrepreneurs’ lives — to help them to build generational wealth for their families. Your SBLC…
Read MoreKris Roglieri will Stay Detained After Threatening an FBI Agent
June 4, 2024 Delaney SextonContributing Editor Kris Roglieri will Stay Detained After Threatening an FBI Agent When it comes to white-collar crime, the arrestee will normally have the right to bail, but Kris Roglieri will remain detained. Prosecutors cite that he is a “danger to society” and a flight risk. Prosecutors wrote to the Judge…
Read MoreAmerican Lending Center Celebrates 15 Years of Growth
June 4, 2024 Delaney SextonContributing Editor American Lending Center Celebrates 15 Years of Growth “We started with three employees in a small office in Long Beach,” Shen recalls at a celebration on Friday, May 31. “Today we have 60 employees on the payroll. When we started and got our first investor for $500,000, we were excited. Then…
Read MoreWyoming Small Businesses: Five Fast Facts
June 4, 2024 Delaney SextonContributing Editor Wyoming Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Wyoming Small Business Profile
Read MoreColeman’s SBLC Update
A Monthly Intelligence Report for SBLC Executives; Includes a Monthly SBLC Issues Zoom Meeting As a SBLC executive, you know the challenges of staying ahead in an ever-evolving landscape. Regulations shift, market conditions fluctuate, and the competition is relentless. And don’t forget the challenge of your SBLC operating under SBA’s designation as a “high-risk” lender.…
Read MoreKris Roglieri Arrested for Fraud Charges and Scheduled to Appear in Court Today
June 3, 2024 Delaney SextonContributing Editor Kris Roglieri Arrested for Fraud Charges and Scheduled to Appear in Court Today After talking about Roglieri’s legal woes and an ongoing federal investigation for months, there was finally an announcement. On Friday, Kris was arrested for wire fraud and appeared in Albany before a Judge. Over the weekend,…
Read More