Lendistry SBLC’s Tammy deClercq was Selected as a Founding Member of SBA’s Small Business Lending Advisory Council
January 2, 2024 Delaney SextonContributing Editor Lendistry SBLC’s Tammy deClercq was Selected as a Founding Member of SBA’s Small Business Lending Advisory Council “The whole team at Lendistry couldn’t be prouder of Tammy for this appointment,” says Everett K. Sands, CEO of Lendistry. “So many of the milestones Lendistry SBLC has achieved in the past…
Read MoreFulton Bank Welcomes Pamela Hisler as Business Banking Executive
January 2, 2024 Delaney SextonContributing Editor Fulton Bank Welcomes Pamela Hisler as Business Banking Executive Fulton Bank, a premier community bank in the Mid-Atlantic region, recently welcomed Pamela Hisler to the bank as a business banking executive serving the Greater Philadelphia, South New Jersey, and Central New Jersey regions. A proven leader in commercial and…
Read MoreSBA 7(a) and 504 Construction Loans — 1/29
Learn SBA-compliance requirements for underwriting and documenting your borrowers’ SBA construction loans and protect your SBA guaranty A Coleman Webinar with PartnerESIDate: Wednesday, January 29, 2025Time: 2:00 p.m. Eastern Includes e-certification & recording Underwriting and disbursing SBA 7(a) loans have a separate set of SBA rules that must be followed to ensure compliance with SBA’s…
Read MoreSmall Business Have Less Outstanding Debt and Less Desire for Loans
December 31, 2024 Delaney SextonContributing Editor Small Business Have Less Outstanding Debt and Less Desire for Loans The Federal Reserve Banks published their 2024 annual Small Business Credit Survey. The survey has been following small business trends since 2016, and here is what the survey found this year: Consistent with the previous year, 93% of…
Read MoreFDIC Says Small Business Lending Falls By 9%
December 30, 2024 Delaney SextonContributing Editor FDIC Says Small Business Lending Falls By 9% The FDIC’s CRA December 2024 report reveals that small business loans of less than $100,000 decreased by almost 9%. Small rural farm loans experienced a similar decline. The number of loan originations fell by 5.6%, while the dollar amount dropped by…
Read MoreSBA Will Allow Brokers Access to the Settlement Express Application Programming Interface
December 30, 2024 Delaney SextonContributing Editor SBA Will Allow Brokers Access to the Settlement Express Application Programming Interface Beginning December 26, 2024, Secondary Market participants with a broker dealer CAFS role can request access to Settlement Express API in SBA catweb2 testing environment. This enhanced functionality will enable quicker, more efficient communication with SBA systems,…
Read MoreBank General Counsel Admitted to Embezzling $7.4 Million From Banks – Fraud Friday
December 27, 2024 Delaney SextonContributing Editor Bank General Counsel Admitted to Embezzling $7.4 Million From Banks – Fraud Friday After a decade-long embezzlement scheme, James Blose decided to waive his right to be indicted and pled guilty to fraud. From 2013 to January 2022, James Blose served as General Counsel and held high-ranking positions at…
Read MoreAmerican Momentum Bank Welcomes Nafis Nasim to their SBA Division as VP, BDO
December 26, 2024 Delaney SextonContributing Editor American Momentum Bank Welcomes Nafis Nasim to their SBA Division as VP, BDO “Nafis has more than 10 years of SBA lending experience and is well-versed on the requirements of the small business administration,” says Patrick Fenech, senior vice president and managing director of SBA lending for American Momentum…
Read MorePaula Gambino Joins Peapack-Gladstone Bank as SVP, Head of SBA
December 26, 2024 Delaney SextonContributing Editor Paula Gambino Joins Peapack-Gladstone Bank as SVP, Head of SBA Based in the Bank’s Headquarters in Bedminster, New Jersey, Paula plays a key role in expanding the Bank’s SBA business, dedicated to delivering exceptional, personalized service to both new and existing business clients. With over 25 years of experience…
Read MoreFour New SBLC Licenses Were Authorized to Support Underserved Communities
December 24, 2024 Delaney SextonContributing Editor Four New SBLC Licenses Were Authorized to Support Underserved Communities “For the second time in over 40 years, the Biden-Harris SBA welcomes new lenders with a shared mission of filling capital gaps in underserved communities – the very same communities who are starting businesses at the highest rates in…
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