Bryon Borchers Joins First State Bank of Uvalde as SVP, Commercial Lending Officer
August 14, 2024 Delaney SextonContributing Editor Bryon Borchers Joins First State Bank of Uvalde as SVP, Commercial Lending Officer “Bryon’s extensive experience in commercial lending and his steadfast dedication to community involvement make him a solid addition to our bank,” says Chad D. Stary, President and CEO of First State Bank of Uvalde. “We are…
Read MoreSBA Inspector General is Currently Conducting 500+ PPP/EIDL Investigations
August 14, 2024 Delaney SextonContributing Editor SBA Inspector General is Currently Conducting 500+ PPP/EIDL Investigations The SBA Office of Inspector General has secured more than 1,000 arrests and over 800 convictions related to PPP and/or EIDL fraud. Their July 2024 newsletter revealed an updated view of their investigative work related to fraud in the pandemic…
Read MoreSBA 7(a) Approvals by Iowa Lenders
August 14, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Iowa Lenders For fiscal year 2024, these are the lending statistics by Iowa lenders as of August 13, 2024:
Read MoreColeman’s Certified SBA Loan Training Courses
✗ SBA Loan Underwriting✗ SBA Loan Closing✗ SBA Loan Servicing/Liquidation✗ SBA Loan Broker Coleman’s Certified SBA 7(a) Advanced Loan Closer Training II Coleman’s Certified SBA 7(a) Loan Closer Training Taught by Lance Sexton– 8-week recommended course format (view syllabus here)– NEW: Monthly Loan Closing Zoom Call– Trusted by over 400 SBA 7(a) Loan Closers– Recognize…
Read MoreSmall Business Credit Conditions are Stable, Optimism Increases
August 13, 2024 Delaney SextonContributing Editor Small Business Credit Conditions are Stable, Optimism Increases “Despite this increase in optimism, the road ahead remains tough for the nation’s small business owners,” says NFIB Chief Economist Bill Dunkelberg. “Cost pressures, especially labor costs, continue to plague small business operations, impacting their bottom line. Owners are heading towards unpredictable…
Read MoreSBA 7(a) Approvals by Hawaii Lenders
August 13, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Hawaii Lenders For fiscal year 2024, these are the lending statistics by Hawaii lenders as of August 12, 2024:
Read MoreArizona Launches $5 Million Microbusiness Loan Program
August 12, 2024 Delaney SextonContributing Editor Arizona Launches $5 Million Microbusiness Loan Program “By providing accessible capital and innovative products through our Alternative Loan Program, we’re not just supporting individual entrepreneurs; we’re investing in the economic resilience and vibrancy of our entire region,” says Caroline Nelson, the Community Investment Corp’s chief operating officer and director…
Read MoreSBA 7(a) Approvals by Georgia Lenders
August 12, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Georgia Lenders For fiscal year 2024, these are the lending statistics by Georgia lenders as of August 10, 2024:
Read MoreEricson State Bank President Sentenced to 18 Months in Prison for Fraud that Led to Bank Failure
August 9, 2024 Delaney SextonContributing Editor Ericson State Bank President Sentenced to 18 Months in Prison for Fraud that Led to Bank Failure “The people of Nebraska expect their monies to be safe when they choose to place their trust in local banks,” says United States Attorney Susan T. Lehr. “No bank officials should be…
Read MoreSBA is Opening Applications for SBLC & Community Advantage SBLC Licenses
August 8, 2024 Delaney SextonContributing Editor SBA is Opening Applications for SBLC & Community Advantage SBLC Licenses Tomorrow, SBA will publish in the Federal Register the dates for when they will be accepting applications for SBLC licenses. They will award up to three new SBLC licenses and an indefinite number of new CA SBLC licenses.…
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