May 31, 2023 Bob ColemanPublisher With some calling the underwriting changes in SBA’s 7(a) loan program in the new SOP, PPP 3.0, I thought it would be appropriate to recap the Inspector General’s findings. The March 2023 white paper reports on the performance of the 7(a) loan program during the pandemic and addresses potential risks…

Site License includes access to our new Coleman Training Live Stream Webinar Tuesday, June 13 (Live Session)2:00 p.m. Eastern 75-minute training with e-certification Download a Registration Form One of the main challenges for lenders in franchise lending is ensuring compliance with the SBA affiliation rules. These rules define how the SBA determines whether a franchisee…

May 30, 2023 Bob ColemanPublisher As part of the PR cleanup SBA is undertaking after Congress’ recent bipartisan criticism SBA is canceling its cancellation of the loan authorization. Due to, “accommodating systems updates, for the 7(a) Loan Program only” lenders must reverse course and prepare authorizations beginning last Friday, May 26th. The notice is attached…

SBA OnDemand Ethics TrainingThe Ultimate Online Training program to help create a trustworthy and honest team 2 Hours of Online OnDemand Training8 to 12 minute segments $497 per seat Download Registration Form Are you looking to improve your team’s understanding of ethical behavior between your team and the U.S. Small Business Administration? Look no further…

May 26, 2023 Delaney SextonContributing Editor Fraud Friday – 100 PPP Applications and $13 Million Lead to Criminal Charges for a Tax Preparer “Fraudulent schemes like these defraud not only a program intended to help small businesses weather a global pandemic but also the United States’ taxpayers. The FBI will continue to ensure that anyone…

May 25, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Peter Siegel, Jim Hatch, Luke Williams, and Miriam Torres Baltys BayFirst National Bank Welcomes Peter Siegel as VP, SBA Lending Officer “Having served as a lender, broker, advisor and business owner, Peter brings an incredible level of knowledge to our team,” says BayFirst SVP,…

May 24, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Applications Open in June for 3 New SBLC Licenses From June 1 to July 31, the Office of Capital Access will open the application period for new SBLC licenses. SBA will be excluding applications for Community Advantage SBLCs at this time. Once the application period closes,…

May 23, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Retirement is Advancing the Decline in Veteran Business Ownership “Many veterans choose business ownership. However, veteran business ownership is falling,” reads a report by the SBA Office of Advocacy. “As those owners age out of the workforce, the number of veteran firms is decreasing.…

May 19, 2023 Delaney SextonContributing Editor THIS JUST IN – Loan Authorization Removal is Delayed Until August 1st Yesterday evening, the SBA sent an email announcing the postponement of the Loan Authorization removal which will now be effective on August 1, 2023: “SBA is delaying the implementation of the sunset of the 7(a) Authorization procedures…

Joseph ColemanMay 19, 2023 To keep track of all of the current rule changes, we are providing an updated timeline with links and dates released. Please check-in for the latest releases. Small Business Lending Company Application Process May 22, 2023 SBA Loan Authorization Delayed (Email)May 18, 2023 Four Corners Letter To SBA May 16, 2023…