SBA 7(a) and 504 to Double to $10 Million for Manufacturers in Bipartisan Congressional Bill
May 6, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA 7(a) and 504 to Double to $10 Million for Manufacturers in Bipartisan Congressional Bill House Committee on Small Business Chairman Roger Williams (R-TX) and Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst (R-IA) are introducing key bipartisan legislation with Senator…
Read MoreMain Street Monday — California Boasts the Lowest 1st-Year Small Business Failure Rate
May 5, 2025 Bob ColemanFounder & Publisher Main Street Monday — California Boasts the Lowest 1st-Year Small Business Failure Rate Last week, I reported on challenges lenders may face in California within an increasingly regulatory environment. Today, I’m taking a positive approach by sharing statistics, which you know I love, about the fifth largest economy…
Read MoreBrothers Guilty Plea in a Blueacorn-Related Fraud
May 2, 2025 Bob ColemanFounder & Publisher Fraud Friday — Brothers Guilty Plea in a Blueacorn-Related Fraud A key individual who took advantage of Blueacorn’s loose PPP loan eligibility screenings has pled guilty to a $109 million loan fraud. Eric Karnezis submitted 1,300 PPP loan applications for $178 million through Blueacorn’s lender service provider dashboard.…
Read MoreMovers & Shakers — Gay Schwere, Gabriele Distler, Deangelou Stevenson, & Juliana Totta Land New Gigs
May 1, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Gay Schwere, Gabriele Distler, Deangelou Stevenson, & Juliana Totta Land New Gigs Gay Schwere Joins Stone Bank as VP/Business Development Officer Gabriele Distler Joins EverBank as Senior Underwriter Deangelou Stevenson Joins Veritex Bank as GGL Business Development Officer Juliana Totta Named Senior Vice President…
Read MoreTHIS JUST IN! — Herndon to Purchase all SBA 7(a) Small Loans, Fresno Becomes the Lead Contact for Loan Servicing Center Actions
April 30, 2025 Bob ColemanFounder & Publisher THIS JUST IN! — Herndon to Purchase all SBA 7(a) Small Loans, Fresno Becomes the Lead Contact for Loan Servicing Center Actions Citing greater efficiency and a better “customer service” experience, Fresno will be the point of contact for all SBA loan servicing actions. And the National Guaranty…
Read MoreSBA Hot Topic Tuesday — SBA’s 7(a) Loan Calculator
April 29, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA’s 7(a) Loan Calculator Buried in the news of last week’s new SOP 5010 8 is an updated SBA 7(a) Loan Guaranty Calculator. Download the spreadsheet from SBA’s website here: https://www.sba.gov/document/support-sba-7a-loan-guaranty-fee-calculator PS — Registration is still open for today’s 2 pm Eastern new…
Read MoreRestaurant Franchise Operators Expect Traffic Decline in 2025 Says Citizens Bank
April 28, 2025 Bob ColemanFounder & Publisher Restaurant Franchise Operators Expect Traffic Decline in 2025 Says Citizens Bank The Citizens Bank April 2025 Restaurant Industry Insights reported on an event sponsored by the bank for multi-unit franchise owners. A survey completed by leading multi-unit franchise operators in attendance yielded insightful feedback. Results revealed that 89%…
Read MoreFraud Friday — Family Affair: Man and Sister-in-Law Plead Guilty in $19 Million Real Estate Loan Fraud Scheme
April 25, 2025 Bob ColemanFounder & Publisher Fraud Friday: Family Affair: Man and Sister-in-Law Plead Guilty in $19 Million Real Estate Loan Fraud Scheme In a tangled web of deceit spanning Massachusetts and Connecticut, a husband, wife, and sister-in-law have been caught orchestrating a massive $19 million loan fraud conspiracy. The scheme, which unraveled this…
Read MoreSBA 7(a) Small Loans and the New SOP 5010 8 — 5/14
A Comprehensive Review: Writing the Credit Memo for Loans Less than $350k and $50k A Coleman WebinarDate: Wednesday, May 14, 2025 Time: 2:00 p.m. EasternIncludes e-certification & recording The new SBA SOP 5010 8 has redefined the Administration’s version of its small loan program. Reduced to $350,000, there are special rules lenders may utilize for…
Read MoreMarty Teckler Joins Starfield & Smith, Accion Passes $1 Billion in Fundings
April 24, 2025 Bob ColemanFounder & Publisher Marty Teckler Joins Starfield & Smith, Accion Passes $1 Billion in Fundings Marty Teckler Joins Starfield & Smith The national expert in SBA SBLC and SBIC licensing has joined the SBA Industry’s boutique law firm of Starfield & Smith as Senior Counsel. With over 30 years of experience,…
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