June 25, 2024 Delaney SextonContributing Editor Arkansas Capital Corporation Names Andrew Harris VP, Business Development Officer “As a private, non-profit lending corporation, we are dedicated to empowering entrepreneurs nationwide to meet the individual capital needs of businesses with a commitment to revitalizing communities across the nation,” says Craig Calafati, ACC Executive Vice President and Director…

June 25, 2024 Delaney SextonContributing Editor Arkansas Capital Corporation Welcomes McClernand “Mac” Crawford as VP, Business Development Officer “As a private, non-profit lending corporation, we are dedicated to empowering entrepreneurs across the U.S. to meet the individual capital needs of businesses with a commitment to revitalizing communities across the nation,” says Craig Calafati, ACC Executive…

June 24, 2024 Delaney SextonContributing Editor The State Small Business Credit Initiative Extends $98 Million to Alabama “As Alabama continues to signal that it’s open for business, it is crucial that we continue to contribute to the growth of the state’s economy through our small businesses. This is a sector that has played a pivotal…

June 24, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by Lender Type For fiscal year 2024, these are the lending statistics by lender type as of June 23, 2024:

June 21, 2024 Delaney SextonContributing Editor Oklahoma Bank SVP Scams Friends and BancFirst to Support Gambling Habit – Fraud Friday John Padilla, a former Senior Vice President and commercial loan officer at BancFirst in Lawton, Oklahoma, pleaded guilty to a $1 million loan fraud scheme. Padilla’s position at the bank granted him the authority to…

June 20, 2024 Delaney SextonContributing Editor “It’s here!!!!” – Trisha Patel Emails Nik in Prison After Receiving $7.5 Million from Loan Fraud Scheme The USDA guaranteed $6,832,000 of the Patels’ fictitious loan of $8,540,000 in October 2021. Acting as Maya Greer, the fake loan officer, Trisha Patel offered an opportunity to Hanover Securities to place…

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:

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…

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…