February 5, 2024 Delaney SextonContributing Editor Harvest Grows Stronger: Meet The Dynamic New Additions to the Business Development Team – Alex Archer and Tony Ochoa Alex Archer Joins as Harvest as SVP, Business Development Officer Alex Archer brings to Harvest over 15 years of proven success in the financial industry. His journey began in retail…

February 2, 2024 Delaney SextonContributing Editor Fraud Friday – Catering Business Owner Indicted For Defrauding PPP, EIDL, & RRF The U.S. Attorney’s Office charged the owner of a California catering company with one count of bank fraud, three counts of wire fraud, and two counts of money laundering. Dory Lindsay Ford is being indicted for…

February 1, 2024 Delaney SextonContributing Editor “The SBA’s Office of Inspector General estimates that $200 billion dollars in fraud flowed through the pandemic lending programs,” says Chairman Roger Williams. “We must think of innovative ways to help get this money back for the American people, and as a business owner, I know that incentives matter. This legislation…

January 31, 2024 Delaney SextonContributing Editor SBA Administrator Isabel Guzman announced a new SBA rule change that would improve entrepreneurship opportunities for formerly incarcerated individuals who served their sentence, including those on parole and probation. Administrator Guzman was joined by Vice President Kamala Harris and Congressional Black Caucus Chairman Steven Horsford when making this announcement.…

Click on your department below to complete Colemans 2024 SBA department compensation survey. The survey will close on February 15, 2024.   The report will be released by March 30, 2024. SBA Loan Department Manager Survey SBA Loan Sales Manager Survey SBA Business Development Officer Survey SBA 7(a) Loan Underwriter Survey SBA 7(a) Loan Packager Survey SBA 7(a) Loan Closer Survey SBA 7(a) Loan…

SBA’s Office of Advocacy focused on the influx of hiring that businesses saw between 2019 and 2021 in their recent research, but they also acknowledged the labor shortages small and large businesses alike faced during this period. From the third quarter of 2019 to the third quarter of 2021, businesses across the country saw an…

“Small business owners have been navigating higher interest rates since the Federal Reserve started hiking in March 2022, but have been increasingly affected by higher rates over the last six months. NFIB again asked about business owners’ financing activities and their experience in accessing credit. The health of the financial system is essential to small…