Cattle Farmer Sentenced to Over 15 Years for Stealing Cattle and SBA Disaster Funds – Fraud Friday
November 1, 2024 Delaney SextonContributing Editor Cattle Farmer Sentenced to Over 15 Years for Stealing Cattle and SBA Disaster Funds – Fraud Friday After a series of crimes since 2018, Michael Wayne Butikofer’s criminal activity finally came to an end when a judge handed down a prison sentence of 15 years and 8 months. He…
Read MoreColeman Certified Onsite SBA 7(a) Loan Closing Training with Lance Sexton – 1/15/25
Fort Worth, Texas Wednesday, January 15, 2025 (8:00 am to 5:00 pm)(6:00 pm to 8:00 pm at Texas BBQ! Thursday, January 16, 2025(8:00 am to Noon) Regular Registration $1795 At the Door Registration (1/15/25) $1995 Join Coleman’s award-winning SBA national training expert Lance Sexton as he brings his SBA 7(a) closing course live to Texas! The on-site…
Read MoreColeman Certified SBA 7(a) Loan Underwriting Onsite Training w/ Bob Coleman – 1/22/25
AmPac Business Capital Training Facility Ontario, California(Less than one mile) from Ontario International Airport Wednesday, January 22, 2025 (1:00 pm to 5:00 pm) Thursday, January 23, 2025(8:00 am to 3:00 pm) Regular Registration $1795 At the Door Registration (1/22/25) $1995 Bob Coleman brings his SBA 7(a) underwriting course live to SoCal! The SBA 7(a) loan underwriter…
Read MoreSBA 7(a) Small Dollar Lending Increases 33%
SBA 7(a) Small Dollar Lending Increases 33% From SBA’s 2024 Capital Report . . . The most dramatic trend in SBA capital programs was the accelerating growth in smallest 7(a) loans backed by SBA. In FY 2024, SBA backed over 38,000 7(a) loans under $150,000, for a total of $2.7 billion. Those totals reflect a…
Read MoreSBA Hot Topic Tuesday — SBA’s SOP 5057 3.1 Information Notice
SBA Hot Topic Tuesday — SBA’s SOP 5057 3.1 Information NoticeOctober 29, 2024By Bob Coleman The SBA has made a number of technical corrections to the SOP 5057 3.1 version, effective December 1, 2024. This notice is reprinted in its entirety. Today, Lance Sexton is hosting a webinar on the changes. Registration is open until…
Read MoreCritical SBA SOP 5057 Update Webinar – 11/13
SBA Servicing & Liquidation SOP 5057: Effective December 1Secure Your Bank’s Compliance and Competitive Edge A Coleman WebinarDate: Wednesday, November 13, 2024Time: 2:00 p.m. EasternIncludes e-certification & recording b Attention senior SBA lending professionals: The SBA’s game-changing SOP 50 57 3.1 for 7(a) and 504 Servicing will be updated on December 1. Prepare to capitalize…
Read MoreColeman’s USDA B&I Rural Lender Report 2024
Dominate Rural Lending: Exclusive USDA B&I Loan Rankings and Intelligence Revealed Are you capitalizing on the $1.5 billion USDA Business & Industry loan market? For the first time ever, Coleman’s groundbreaking USDA B&I Rural Lender Report 2024 unveils the competitive landscape, empowering you to strategically position your institution for rural lending success. …. … ……
Read MoreNik Patel’s Prison Stay Extends by 27 Years After Another $8.5 Million Fraud – Fraud Friday
October 25, 2024 Delaney SextonContributing Editor Nik Patel’s Prison Stay Extends by 27 Years After Another $8.5 Million Fraud – Fraud Friday To Nik Patel, $179 million was not enough, nor was another $19 million. From the federal prison he has been in for the last 6 years, he was executing yet another scheme to…
Read MoreSBA Moves to Make CDC 504 ALP Pilot Program Permanent
SBA Moves to Make CDC 504 ALP Pilot Program PermanentOctober 24, 2024By Bob Coleman The SBA Accredited Lender Program for CDCs grants Certified Development Companies (CDCs) the ability to underwrite, approve, close, and service ALP Express pilot loans under $500,000. Today’s Federal Register notice proposes to make the program permanent. To qualify for the ALP…
Read MoreThe 17th Annual SBA Secondary Market Summit; Washington D.C. — December 5th, 2024
We’re back for 2024! Bob Judge will bring his decades of industry knowledge and expert insight to give us a glimpse of what to expect in 2025. Bob Coleman will moderate and put together the only program that brings together the Big Four of the SBA secondary market — Brokers, Investors, Sellers and SBA. Marty…
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