May 24, 2024 Delaney SextonContributing Editor Disbarred Attorney Sentenced to 9 Years in Prison for $1.4 Million EIDL Fraud – Fraud Friday “Douglas Raymond Arntsen, a disbarred attorney and recidivist fraudster, took advantage of a national emergency to line his pockets, masterminding a scheme to defraud the government out of more than $1.4 million by…

May 23, 2024 Delaney SextonContributing Editor SBA Does Not Plan to Sell the COVID EIDL Portfolio At the end of December, SBA announced their intentions to begin referring COVID EIDLs to the Treasury Department. Now, SBA made the determination not to sell the loan portfolio, in opposition of the third-party consultant’s recommendation. SBA informed the…

May 23, 2024 Delaney SextonContributing Editor Vermont Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Vermont Small Business Profile

May 23, 2024 Delaney SextonContributing Editor First Bank Welcomes Eric Jackson to the SBA Team as VP, Business Development Officer Eric says of his move to First Bank, “Working and helping in the community in which I work and live is a passion for me so coming to work for an organization like First Bank…

May 22, 2024 Delaney SextonContributing Editor Small Business Capital Spending Plans Lag Behind Previous Years “A recovery in investment is needed to support stronger productivity, but this is unlikely to occur while interest rates remain high, and more owners anticipate slower sales. Long term, the worker shortage has given firms an incentive to invest in…

May 22, 2024 Delaney SextonContributing Editor Utah Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Utah Small Business Profile

May 21, 2024 Delaney SextonContributing Editor Arkansas Capital Corporation Expands SBA Lending to Louisiana ACC Executive Vice President and Director of Lending Craig Calafati says, “ACC is honored to be chosen by the SBA, an invaluable partner in our mission to create better communities in Arkansas and across the United States. The SBLC designation marks…

May 21, 2024 Delaney SextonContributing Editor Texas Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Texas Small Business Profile

May 20, 2024 Delaney SextonContributing Editor Kris Roglieri’s Chapter 11 Bankruptcy Converted to a Chapter 7 The recent change to a Chapter 7 bankruptcy was intended to sell Roglieri’s assets for the benefit of the creditors. The trustee is seeking access to Roglieri’s mansion as part of the plan to sell his assets. Larry Rulison…

May 20, 2024 Delaney SextonContributing Editor Momentus Capital Closes $171 Million Equitable Prosperity Fund to Drive Positive Social Impact in Underestimated Communities “The Equitable Prosperity Fund is a game changer — a fund helping underestimated communities, led by a diverse team of investment professionals, that takes a far different approach than traditional venture capital or…