by Bob ColemanPublisherNovember 16, 2023 Check out the updated agendas for both events. Still a little early to announce, but we’ll simply say you will not be disappointed with the keynote speakers. If the SBA secondary market or USDA’s B&I lending programs are important to your bottom line, now is the time to make plans…

by Bob Coleman Publisher “This is a creative, flexible loan product with competitive rates that is tailored to the needs of entrepreneurs who live in or serve disinvested communities — or who otherwise have been left out due to historical lending practices,” says Ellis Carr, President and CEO of Capital Impact Partners and CDC Small…

by Bob Coleman, Publisher Southern California based CDFI Change Lending has resolved its dispute with the Feds and is now back in business. The heart of the dispute was whether the CDFI was meeting the requirement of 60% of its lending went to underserved markets. A former Chief of Staff to the CEO, Adam Levine,…

by Bob ColemanPublisher RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 12 $28,548,000 $2,379,000 2 American Bank (LA) 56 $22,953,300 $409,880 3 First Financial Bank (AR) 12 $18,819,000 $1,568,250 4 Newtek Small Business Finance, Inc. (NY) 21 $15,326,300 $729,824 5 b1BANK (LA) 25 $14,901,200 $596,048 6 Peoples Bank…

Says Chairman Rogers Williams of Texas in yesterday’s hearing. Owning your own small business is one of the most rewarding careers in America. You get to put your time and effort into something that you are passionate about and fulfills a need in the marketplace. We all know that to be a successful small business…

RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 8 $16,700,200 $2,087,525 2 Stock Yards Bank & Trust Company (KY) 42 $16,628,800 $395,924 3 Republic Bank & Trust Company (KY) 32 $13,744,200 $429,506 4 The Huntington National Bank (OH) 63 $13,066,300 $207,402 5 Community Trust Bank, Inc. (KY) 45…

In one of her first actions as Chair of the U.S. Senate Committee on Small Business and Entrepreneurship Jeanne Shaheen wants SBA’s Inspector General to continue and expand its work of identifying and collecting fraudulent PPP and EIDL loans. Shaheen writes, “Unfortunately, many unscrupulous actors viewed our collective commitment to help deserving small businesses as…

RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 12 $21,245,000 $1,770,417 2 Emprise Bank (KS) 27 $11,744,800 $434,993 3 First Bank of the Lake (MO) 5 $7,929,600 $1,585,920 4 Equity Bank (KS) 16 $7,889,200 $493,075 5 LendingClub Bank, National Association (IL) 5 $7,830,000 $1,566,000 6 Fidelity Bank, National…