SBA 7(a) Lending Stats by Exporting Status
June 20, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by Exporting Status For fiscal year 2024, these are the lending statistics by exporting status as of June 18, 2024:
Read MoreLincoln Capital Welcomes Blake Langford & Dave Nakhelh to the Senior Management Team
June 20, 2024 Delaney SextonContributing Editor Lincoln Capital Welcomes Blake Langford & Dave Nakhelh to the Senior Management Team Blake Langford Joins as EVP of Construction “I am excited to join the world-class team at Lincoln Capital and look forward to leveraging my knowledge in the commercial construction space and contribute my proven leadership experience…
Read MoreThe Patels Created Fake Loan Officers and Employees in $8.5 Million Fraud Scheme
June 18, 2024 Delaney SextonContributing Editor The Patels Created Fake Loan Officers and Employees in $8.5 Million Fraud Scheme Maya Greer At Nikesh and Trisha Patel’s fake lender, Community 1st Mortgage, they also created a fake loan officer. “Maya Greer” was the Senior Vice President of the fake lender. Trisha played the role of Maya…
Read MoreSBA 7(a) Lending Stats by Rural or Urban Areas
June 18, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by Rural or Urban Areas For fiscal year 2024, these are the lending statistics for rural or urban SBA lending as of June 17, 2024:
Read MoreNik Patel’s Fraud Continues – Wife Pleaded Guilty for Her Role in a Loan Fraud Scheme
June 17, 2024 Delaney SextonContributing Editor Nik Patel’s Fraud Continues – Wife Pleaded Guilty for Her Role in a Loan Fraud Scheme Nikesh Patel carried out two fraud schemes where he created fictitious loans and used fraudulent means to have them guaranteed by the USDA or made them appear to be guaranteed by the USDA.…
Read MoreSBA 7(a) Lending Stats by Business Age
June 17, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by Business Age For fiscal year 2024, these are the lending statistics by loan size as of June 16, 2024:
Read MoreHow to Underwrite the SBA Business Acquisition Loan — Webinar 7/24
How to Underwrite the SBA Business Acquisition LoanAre you Maximizing Lending in this Profitable Niche? A Coleman WebinarDate: Wednesday, July 24, 2024Time: 2:00 p.m. Easterna 75-minute webinar that lets staff earn e-certification Ten Thousand Baby Boomers retire every day. And they own 40% of United States Small Businesses. Comprising 24% of SBA loan dollars and…
Read MoreFour HOAs and Country Clubs Paid $5.8 Million to Settle PPP False Claims Act Allegations – Fraud Friday
June 14, 2024 Delaney SextonContributing Editor Four HOAs and Country Clubs Paid $5.8 Million to Settle PPP False Claims Act Allegations – Fraud Friday One individual, Wade Riner, filed several lawsuits under the False Claims Act in August 2022. One lawsuit alone alleged that dozens of Colorado condominiums, homeowners associations, and country clubs knowingly applied for…
Read MoreLegal Obligations for Managing the SBA Loan Broker — Webinar 7/10
● Your SBA Loan Brokers — Are They Following the Rules?● Lender Responsibility for the Actions of their Referral Sources Attend the Live Webinar EventWednesday, July 10, 20242:00 PM EasternIncludes recording & e-certification Are you a SBA lender struggling to navigate the complex web of regulations and compliance requirements with your loan brokers? Referrals from…
Read MoreReady Capital Announces the Acquisition of Madison One
June 13, 2024 Delaney SextonContributing Editor Ready Capital Announces the Acquisition of Madison One Ready Capital Chief Executive Officer, Thomas Capasse says: “We’re excited to acquire Madison One, a leading USDA loan originator and servicer. The transaction is expected to generate more than $300 million of USDA volume annually, expanding our government-guaranteed small business offerings,…
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