April 9, 2024 Delaney SextonContributing Editor 7(a) Connect Quarterly Update Takes Place Today Today, April 9th at 3 pm Eastern, SBA will hold the 7(a) Connect Quarterly Update call. An email from SBA gives the topics of discussion for today’s Connect Quarterly Update: We will discuss policy and provide a sneak peek at the upcoming…

April 9, 2024 Delaney SextonContributing Editor Maine Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Maine Small Business Profile

April 8, 2024 Delaney SextonContributing Editor SBA Inspector General is Requesting $67.4 Million for its Total 2025 Budget $47.02 million will be used for direct discretionary funding, and $20.38 million will be transferred from the SBA Disaster Loan Program. The Inspector General is requesting to transfer $16.674 from the SBA Disaster Loan Program account to…

April 8, 2024 Delaney SextonContributing Editor Bob Coleman Interviewed by Sean Murray at deBanked “As in anything else, once you master the learning curve, you’re fine,” says Bob Coleman. “The reason why SBA lending is difficult is you may not know the rules.” And that’s where Coleman comes in, a former lender turned news source and educator…

April 8, 2024 Delaney SextonContributing Editor Louisiana Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Louisiana Small Business Profile

April 5, 2024 Delaney SextonContributing Editor Cars, Tractors, and Luxury Watches Forfeited After Pleading Guilty to $12.4 Million PPP Fraud – Fraud Friday Between 2017 and 2018, Tod Ray Keilholz obtained three business loans totaling more than $3.5 million from Hawthorne Bank. His businesses began failing afterward, and his financial concerns started growing. The loans…

  California Launches $25 Million Small Business Loan Fund Additionally, it will support the deployment of $1.1 billion in federal funding separately approved for capital support programs from the California Infrastructure and Economic Development Bank (IBank) and the California Pollution Control Financing Authority. Lenders across the state are expected to leverage the $1.1 billion in…

Gulf Coast Small Business Lending Announces Hiring of Cathie Hendrix From divisional headquarters in DALLAS, TX, April 3rd, 2024 – Gulf Coast Small Business Lending (GCSBL) announced today that it has hired Cathie Hendrix as Senior Vice President – Business Development Officer in Oregon. “Cathie is a fantastic addition to our Gulf Coast Small Business…