Broward County Sherriff’s Former Deputy Gets 7 Months for $31K PPP Fraud
June 7, 2024 Delaney SextonContributing Editor Broward County Sherriff’s Former Deputy Gets 7 Months for $31K PPP Fraud The 17 Broward Sheriff’s Office employees who were criminally charged for committing PPP fraud have all gone to trial or accepted a plea deal as of this week. Here are the recent updates on the Broward Sheriff’s…
Read MoreColeman Hotel SBA Loan Update
Includes a Monthly Report & Zoom Call Anyone interested in funding SBA hotel loans needs Coleman’s monthly SBA Hotel Loan Update. Our audience consists of SBA lenders, brokers and brands. Every month you will be informed about the latest trends and news concerning SBA loan financing for the hospitality industry. You will receive: ● Timely and…
Read MoreSBA Published the Updated Criminal Justice Rule
June 6, 2024 Delaney SextonContributing Editor SBA Published the Updated Criminal Justice Rule SBA has published Procedural Notice 5000-857477 implementing the recent Criminal Justice Rule. On April 30, 2024, SBA published the “Criminal Justice Reviews for the SBA Business Loan Programs, Disaster Loan Programs, and Surety Bond Guaranty Program” Final Rule (Rule), 89 FR 34094, which was effective May…
Read More7(a) Loan Approvals – NAICS 56
June 6, 2024 Delaney SextonContributing Editor 7(a) Loan Approvals – NAICS 56 So far in fiscal year 2024, SBA has approved 44,878 7(a) loans totaling over $18.9 million. The Administrative and Support and Waste Management and Remediation Services sector makes up roughly 5% of all 7(a) loans and dollar amounts. Here are the 7(a) statistics…
Read MoreColeman SBA Working Capital Loan Update
Includes a Semi-Monthly Report & Monthly Zoom Call Update for your Staff “SBA is launching a working capital pilot program in the coming months that is designed to be more attractive to both lenders and borrowers than the agency’s existing products,” SBA Administrator Isabel Guzman told CNBC on June 4th. What We Know . .…
Read MoreNew Business Applications are Above Pre-Pandemic Levels
June 5, 2024 Delaney SextonContributing Editor New Business Applications are Above Pre-Pandemic Levels After a spike in new business openings occurred at the start of the pandemic, the high rate of new business applications has endured. For example, the number of business applications received in April 2024 is greater than any year from 2004 to…
Read MoreAccommodation and Food Services – 7(a) Loan Approvals
June 5, 2024 Delaney SextonContributing Editor Accommodation and Food Services – 7(a) Loan Approvals So far, SBA has approved 44,590 7(a) loans totaling over $18.8 million. These are the 7(a) approvals for the Accommodation and Food Service industry. As of June 4, 2024:
Read MorePS Bank Promotes Paul Walsh to Senior Lender, SVP
June 5, 2024 Delaney SextonContributing Editor PS Bank Promotes Paul Walsh to Senior Lender, SVP “Paul has been an integral part of PS Bank’s growth over the last nine years. He was responsible for our designation as a Small Business Administration Preferred Lender in 2022. Paul’s dedication to his customers and his ability to recommend…
Read MoreColeman’s CA SBLC Update
A Monthly Intelligence Report for Community Advantage SBLC Executives; Includes a Monthly CA SBLC Issues Zoom Meeting Congratulations! As one of the new Community Advantage SBA lenders with a small business lending company license you have the ability to transform entrepreneurs’ lives — to help them to build generational wealth for their families. Your SBLC…
Read MoreKris Roglieri will Stay Detained After Threatening an FBI Agent
June 4, 2024 Delaney SextonContributing Editor Kris Roglieri will Stay Detained After Threatening an FBI Agent When it comes to white-collar crime, the arrestee will normally have the right to bail, but Kris Roglieri will remain detained. Prosecutors cite that he is a “danger to society” and a flight risk. Prosecutors wrote to the Judge…
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