Coleman’s Certified SBA Loan Broker Training
Coleman’s Certified SBA Loan Broker Training – Includes Semi-Monthly Zoom Calls & 8 Weeks of Online Training Check out a clip from the course, where Bob Coleman interviews Chris Hurn, Founder and CEO of Fountainhead: Courses Have Started! The SBA loan broker is a key player in matching Main Street borrowers with SBA 7(a) and…
Read MoreAlmost $20 Billion is Approved in FY24 Under 7(a) and 504 Loan Programs
May 7, 2024 Delaney SextonContributing Editor Almost $20 Billion is Approved in FY24 Under 7(a) and 504 Loan Programs So far in fiscal year 2024, the number of approved 7(a) loans is 38,658. Small dollar loans make up a majority of approved loans since 56.2% of 7(a) loans are $150,000 or less. Almost $16.2 billion…
Read MoreOhio Small Businesses: Five Fast Facts
May 7, 2024 Delaney SextonContributing Editor Ohio Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Ohio Small Business Profile
Read MoreHotels See Declines in Occupancy and Revenue Per Available Room
May 6, 2024 Delaney SextonContributing Editor Hotels See Declines in Occupancy and Revenue Per Available Room In March, hotels saw some declines, particularly in occupancy and revenue per available room (RevPAR): Looking at more recent data, RevPAR fell during the last week of April after three positive weeks. From April 21 to April 27, RevPAR…
Read MoreNorth Dakota Small Businesses: Five Fast Facts
May 6, 2024 Delaney SextonContributing Editor North Dakota Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 North Dakota Small Business Profile
Read MoreWhere Are They Now? – Special Fraud Friday Edition
May 3, 2024 Delaney SextonContributing Editor Where Are They Now? – Special Fraud Friday Edition Kris Roglieri Update Times Union reports that the Trustee in Roglieri’s bankruptcy case wants the case to be dismissed or wants the case to be converted to a Chapter 7. Trustee William Harrington’s Office writes: “The debtor’s monthly operating reports…
Read MoreOver 70% of Small Businesses Plan to Obtain Funding This Year
May 2, 2024 Delaney SextonContributing Editor Over 70% of Small Businesses Plan to Obtain Funding This Year “Small business owners’ economic concerns have also mostly decreased, although hesitations around certain factors have remained elevated since last spring. Notably, concerns around a potential recession and supply chain issues are each down 16 percentage points – a…
Read MoreNorth Carolina Small Businesses: Five Fast Facts
May 2, 2024 Delaney SextonContributing Editor North Carolina Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 North Carolina Small Business Profile
Read MoreGetting the SBA Guaranty Paid on the Early Defaulted 7(a) Loan – A Coleman Webinar 5/22
Preparing the UPP Package when the loan is delinquent in the first 18 months. A Coleman WebinarDate & Time: Wednesday, May 22, 2024 at 2:00 p.m. Eastern(Includes Recording & E-Certification) The Big News out of the April 2024 Mid-America SBA Lenders Conference is the major increase in the number of early defaulted SBA 7(a) loans…
Read MoreSBA Issues Final Rule on Criminal History Reviews
May 1, 2024 Delaney SextonContributing Editor SBA Issues Final Rule on Criminal History Reviews Effective May 30, 2024, SBA’s final rule reduces barriers for entrepreneurs with certain criminal history records. They are updating the 7(a), 504, Microloan, ILP, Surety Bond Guarantee Program, and Disaster Loan Program regulations requiring criminal background reviews. Specifically, they revised eligibility.…
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