Consumers Show Less Interest in Dining Out and Rising Menu Prices
July 17, 2024 Delaney SextonContributing Editor Consumers Show Less Interest in Dining Out and Rising Menu Prices Citizens Bank released their July 2024 Restaurant, Franchise & Multi-unit update, which highlights the headwinds restaurants are facing as consumers undergo pressure with spending. Coffee/snack (+4.6%), Burger (+0.4%), Mexican (+0.3%), and Fast Casual (+0.3%) restaurants have maintained sales…
Read MoreRon Pak Joins First Business Banks as Vice President – SBA Lending
July 17, 2024 Delaney SextonContributing Editor Ron Pak Joins First Business Banks as Vice President – SBA Lending Ron brings nearly 20 years of diverse financial services experience to his role, having held positions in consumer banking, private banking, and business/commercial banking. His extensive background enables him to excel in communication, speed to execution, and…
Read MoreSBA 504 Lending Stats by Number of Employees
July 17, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Number of Employees For fiscal year 2024, these are the lending statistics by number of employees as of July 15, 2024:
Read MoreColeman’s SSBCI Lending Update
Monthly Newsletter and Zoom CallThe State Small Business Credit Initiative A Newsletter Delivered Monthly A Coleman PDF award winning report giving you the critical information you need to expertly manage your SSBCI participation. A Monthly Zoom Call Hosted by Bob ColemanPlus! A Monthly zoom call for you staff with your peers hosted by Bob Coleman Augment…
Read MoreFarm Lending Activity Increased by 20% in the Last Year
July 16, 2024 Delaney SextonContributing Editor Farm Lending Activity Increased by 20% in the Last Year In the second quarter of 2024, the volume of new operating loans for farmers increased by 20% from the year before. Boosted farm lending activity is believed to be connected to the larger size of loans at small and…
Read MoreMerchants & Marine Bank Receives Preferred Lender Status from SBA
July 16, 2024 Delaney SextonContributing Editor Merchants & Marine Bank Receives Preferred Lender Status from SBA “The PLP authority granted by the SBA enables Voyager Lending, a division of Merchants & Marine Bank, to approve most SBA loans in-house, expediting the approval process by eliminating the need for a separate SBA review,” explains Matthew McElveen,…
Read MoreSBA 504 Lending Stats by Business Type
July 16, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Business Type For fiscal year 2024, these are the lending statistics by business type as of July 15, 2024:
Read MoreSBA’s New Working Capital Loan Program — Webinar 8/6
Asset-Based SBA 7(a) Line Funding Available August 1 SPECIAL PRICING$495 Unlimited Site License Anybody with your institution’s email domain may attend with any device worldwide A Coleman WebinarDate: Tuesday, August 6, 2024Time: 2:00 p.m. Eastern(E-certification & Recording Provided) As small businesses grow, they require access to working capital. Working capital is most economically delivered through…
Read MoreSBA 7(a) Working Capital Pilot Program Starts on August 1st
July 15, 2024 Delaney SextonContributing Editor SBA 7(a) Working Capital Pilot Program Starts on August 1st In the Federal Register, SBA’s 7(a) Working Capital Pilot (WCP) Program was introduced, and SBA is currently accepting comments on the new program until August 14, 2024. The program itself goes into effect on August 1, 2024, and will…
Read MoreSBA 504 Lending Stats by Exporter Status
July 15, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Exporter Status For fiscal year 2024, these are the lending statistics by exporter status as of July 14, 2024:
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