First Bank of the Lake Promotes Annemarie Murphy to Chief Lending Officer, SEVP and Elected her as Director of FBOL Bancshares, Inc.
July 1, 2024 Delaney SextonContributing Editor First Bank of the Lake Promotes Annemarie Murphy to Chief Lending Officer, SEVP and Elected her as Director of FBOL Bancshares, Inc. “Annemarie has been an integral part of the Bank’s success since she started in August 2019,” states Mike Anderson, Chairman, President & CEO. “She’s grown the SBA…
Read MoreSteve Coughlin Joins Metropolitan Solutions Group as Director of Operations for Laboratories, Training, and Occupational Health
July 1, 2024 Delaney SextonContributing Editor Steve Coughlin Joins Metropolitan Solutions Group as Director of Operations for Laboratories, Training, and Occupational Health David Spinazzolo, President and CEO of Metropolitan Solutions, says, “Steve Coughlin brings strong military and civilian business management and leadership experience to deliver optimized solutions across the board for our Navy and Maritime…
Read MoreSBA 7(a) Lending Stats by State
July 1, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by State For fiscal year 2024, these are the lending statistics by state as of June 30, 2024:
Read MoreFormer President of SouthernTrust Bank Pleads Guilty to Falsifying Records – Fraud Friday
June 28, 2024 Delaney SextonContributing Editor Former President of SouthernTrust Bank Pleads Guilty to Falsifying Records – Fraud Friday “The lack of professional responsibility demonstrated by Steven Cook diminishes the faith consumers place in the banking process,” says FBI Springfield Field Office Acting Special Agent in Charge Shannon Fontenot. “Financial fraud is a serious crime…
Read MoreUnderwriting the SBA 7(a) and 504 Franchise Loan – 12/11
A Best Practice SBA Lending Guide Post-Franchise DirectoryWebinar Registration Includes Coleman’s “SBA Franchise Eligibility Cheat Sheet” —a go-to reference tool for evaluating borrower franchise agreements and the FDD. A Coleman WebinarDate: Wednesday, December 11, 2024Time: 2:00 p.m. EasternIncludes e-certification & recording Last year’s SBA rule change eliminated the need for lenders to consider control issues…
Read MoreColeman’s 2025 SBA Loan Credit Policy Workshop – Third Session TBA
Construct Your Unique, Compliant SBA Loan Credit Policy Now!Attend Four Monthly Hourly Zoom MeetingsFor SBA 7(a) and 504 Lenders and CDCs – August 2024 –– September 2024 –– TBA –– TBA –(Each session is recorded for alternative viewing) Immediate Action Required: SBA regulations demand the development of a distinct credit policy tailored specifically for your…
Read MoreLenders May Use the Newly Updated SBA Form 1919
June 27, 2024 Delaney SextonContributing Editor Lenders May Use the Newly Updated SBA Form 1919 SBA received approval for the edits made to SBA Form 1919 to reflect the Criminal Justice Rule. Question #4 on page 2 of the form was updated: “The new question #4 uses the phrase ‘serving a sentence of imprisonment imposed…
Read MoreSBA 7(a) Lending Stats by Industry
June 27, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by Industry For fiscal year 2024, these are the lending statistics by industry as of June 25, 2024:
Read MoreFirst Bank of the Lake Promotes Carolyn Calafiore to EVP and President of SBA Lending
June 27, 2024 Delaney SextonContributing Editor First Bank of the Lake Promotes Carolyn Calafiore to EVP and President of SBA Lending “Carolyn has been a superstar on the team since she started at the bank. Her dedication and expertise have driven our success, and we are confident she will continue to excel in her new…
Read MoreRepresentative Williams & Senator Ernst are “Pleased” but “Remain Concerned” After Funding Circle’s Announcement
June 26, 2024 Delaney SextonContributing Editor Representative Williams & Senator Ernst are “Pleased” but “Remain Concerned” After Funding Circle’s Announcement Representative Roger Williams and Senator Joni Ernst released a joint statement since the announcement that Funding Circle is voluntarily returning its SBLC license: “As we have been saying from the moment it was announced, Funding…
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