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…

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Almost $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…

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Hotels 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…

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Where 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…

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Over 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…

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SBA 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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