Marty Teckler Joins Starfield & Smith, Accion Passes $1 Billion in Fundings
April 24, 2025 Bob ColemanFounder & Publisher Marty Teckler Joins Starfield & Smith, Accion Passes $1 Billion in Fundings Marty Teckler Joins Starfield & Smith The national expert in SBA SBLC and SBIC licensing has joined the SBA Industry’s boutique law firm of Starfield & Smith as Senior Counsel. With over 30 years of experience,…
Read MoreTakeaways from SBA 7(a) Quarterly Connect Call
April 23, 2025 Bob ColemanFounder & Publisher Takeaways from SBA 7(a) Quarterly Connect Call My takeaways from yesterday’s SBA quarterly connect call: First, congratulations to SBA for improving its production values. It was an excellent choice to have Administrator Kelly Loeffler lead off, giving an overview and explanation of why the changes were implemented. You…
Read MoreSOP 5010 8 SBA Underwriting After Elimination of the “Do What You Do” Rule — 5/22
SBA SOP 5010 8 Webinar for Your Whole Staff at One Low Fee — SBA Underwriting After Elimination of the “Do What You Do” Rule A Coleman WebinarDate: Thursday, May 22, 2025 Time: 2:00 p.m. EasternIncludes e-certification & recording ….. This Just In: SBA’s new SOP 5010 8 reimposes lender underwriting guardrails and promises a…
Read MoreSBA Releases New SOP 5010 8 (Download Here!) RIP “Do What You Do”
April 22, 2025 Bob ColemanFounder & Publisher SBA Releases New SOP 5010 8 (Download Here!) RIP “Do What You Do” All new materials from SBA available for download: In the first major rewrite of SOPs in 5 years, SBA has wholeheartedly rejected the “do what you do” rule and has returned guardrails to the SBA…
Read More“Do What You Do” Rule Eliminated for Equity Injection Documentation
April 22, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — “Do What You Do” Rule Eliminated for Equity Injection Documentation This revision from last week’s procedural notice marks the first signal of the Administration’s intent to modify the “do what you do rule.” The Shift in Requirements The updated policy represents a significant…
Read More33% of Small Businesses Say Paying Debt is a Challenge, 51% Concerned about Uneven Cash Flow
April 21, 2025 Bob ColemanFounder & Publisher Main Street Monday — 33% of Small Businesses Say Paying Debt is a Challenge, 51% Concerned about Uneven Cash Flow Our final installment of interesting statistics from the Federal Reserve Bank’s small business credit survey: Rising costs of goods, services, and wages remain the most commonly reported financial…
Read MoreBlueacorn’s Stephanie Hockridge Trial Slated for May 15th
April 18, 2025 Bob ColemanFounder & Publisher Fraud Friday — Blueacorn’s Stephanie Hockridge Trial Slated for May 15th With one of Blueacorn’s co-founders scheduled for trial next month, I am beginning a series of Fraud Friday reports examining PPP loan fraud. History may very well judge this as the most egregious PPP loan fraud case.…
Read MoreMovers & Shakers — Omar Morel (Sunwest Bank), Michael Carlson (Mission Valley Bank), Jason Hampton (PlainsCapital Bank) and Jordan Payne (Countybank)
April 17, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Omar Morel (Sunwest Bank), Michael Carlson (Mission Valley Bank), Jason Hampton (PlainsCapital Bank) and Jordan Payne (Countybank) Sunwest Bank Adds Omar Morel as SVP, Director of Government Guaranteed Lending “We are thrilled to promote Omar as the Director of Government Guaranteed Lending,” says Carson…
Read MoreEasy Money, Hard Time: 19-Covid PPP Loan Fraud Stories
Delve into the gripping pages of Bob Coleman’s just released book, “Easy Money, Hard Time,” and discover the unsettling true tales of 19 individuals who exploited a global crisis for financial gain through PPP loan fraud. Order your copy from Amazon now and immerse yourself in the eye-opening true tales of opportunistic fraud! Available on…
Read MoreOne-Half of All Small Businesses Apply for Financing, One-Half of Requests Get Fully Funded
April 16, 2025 Bob ColemanFounder & Publisher One-Half of All Small Businesses Apply for Financing, One-Half of Requests Get Fully Funded Continuing our reporting from the 2025 Federal Reserve Banks’ Small Business Credit Survey on employer firms, today we focus on small business financing needs and application outcomes. More than half of firms sought some…
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