May 28, 2024 Delaney SextonContributing Editor Top SBA Management & Performance Challenges in Fiscal Year 2024 SBA’s Inspector General published their Spring 2024 Semiannual Report to Congress, which summarizes their work from October 2023 to March 2024. The OIG report outlines the top eight challenges facing the SBA during that period: Challenge 1: SBA’s economic…

May 28, 2024 Delaney SextonContributing Editor Virginia Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Virginia Small Business Profile

May 24, 2024 Delaney SextonContributing Editor Disbarred Attorney Sentenced to 9 Years in Prison for $1.4 Million EIDL Fraud – Fraud Friday “Douglas Raymond Arntsen, a disbarred attorney and recidivist fraudster, took advantage of a national emergency to line his pockets, masterminding a scheme to defraud the government out of more than $1.4 million by…

May 23, 2024 Delaney SextonContributing Editor SBA Does Not Plan to Sell the COVID EIDL Portfolio At the end of December, SBA announced their intentions to begin referring COVID EIDLs to the Treasury Department. Now, SBA made the determination not to sell the loan portfolio, in opposition of the third-party consultant’s recommendation. SBA informed the…

May 23, 2024 Delaney SextonContributing Editor Vermont Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Vermont Small Business Profile

May 23, 2024 Delaney SextonContributing Editor First Bank Welcomes Eric Jackson to the SBA Team as VP, Business Development Officer Eric says of his move to First Bank, “Working and helping in the community in which I work and live is a passion for me so coming to work for an organization like First Bank…

May 22, 2024 Delaney SextonContributing Editor Small Business Capital Spending Plans Lag Behind Previous Years “A recovery in investment is needed to support stronger productivity, but this is unlikely to occur while interest rates remain high, and more owners anticipate slower sales. Long term, the worker shortage has given firms an incentive to invest in…

May 22, 2024 Delaney SextonContributing Editor Utah Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Utah Small Business Profile

May 21, 2024 Delaney SextonContributing Editor Arkansas Capital Corporation Expands SBA Lending to Louisiana ACC Executive Vice President and Director of Lending Craig Calafati says, “ACC is honored to be chosen by the SBA, an invaluable partner in our mission to create better communities in Arkansas and across the United States. The SBLC designation marks…

May 21, 2024 Delaney SextonContributing Editor Texas Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Texas Small Business Profile