June 13, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by Loan Size For fiscal year 2024, these are the lending statistics by loan size as of June 12, 2024:

“As California goes, so does the nation,” is a saying that mocks and praises the state. California as a separate entity ranks as the 5th largest global economy. The Great State wields unique power in shaping policy. And, that is true in small business lending — affecting lenders and borrowers. Coleman’s California Update will give…

June 12, 2024 Delaney SextonContributing Editor Small Businesses’ Share of Total Revenue is Falling Behind Receipts are defined as “operating revenue for goods produced or distributed or for services provided.” In 1963, small businesses had receipts of $3.26 trillion, making up 56.8% of all receipts. Since then, larger businesses have been able to grow much…

June 12, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats By Veteran Status For fiscal year 2024, these are the lending statistics by veteran status as of June 11, 2024:

The $5 Billion Guaranty Commercial Loan Programs for Rural America;Includes a Semi-Monthly Report and a Monthly Zoom Call USDA’s B&I, Rural Energy and Community Facilities guaranty loan programs are an excellent complement product for SBA lenders. But, the logistics are different. Bob Coleman says “Consider this analogy. SBA 7(a) loan production is an assembly line…

June 11, 2024 Delaney SextonContributing Editor 6% of Small Business Owners Say Financing is their Top Business Concern The NFIB Optimism Index rose 0.8 of a point in May, which is the highest reading so far this year. Small business owners’ uncertainty was much stronger this month. The Uncertainty Index increased by 9 points to…

June 11, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats By Gender For fiscal year 2024, these are the lending statistics by gender as of June 9, 2024:

June 11, 2024 Delaney SextonContributing Editor Heritage Bank and Venturus Announce Joint Venture “Venturus has built an innovative, elevated SBA lending experience for entrepreneurs that combines white glove service, expertise and efficiency,” says H. David Wallace, Heritage Bank Chairman and CEO. “The result is an SBA 7a loan application process simpler for the customer and…

June 10, 2024 Delaney SextonContributing Editor Nationally Recognized Team Joins Truliant’s SBA Lending Program Truliant Federal Credit Union announced today a major expansion of its Small Business Administration lending program. Truliant is adding a nationally recognized team of business development officers. The team is headed by Ray Drew, a top-producing SBA 7(a) lender who has…

June 10, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats By Race For fiscal year 2024, these are the lending statistics by race as of June 9, 2024: