NADCO 2023 Third Party Lender Awards
Bank Five NineCommunity Bank 504 Lender of the YearAwarded to the most active 504 bank partner with less than $10 billion in assets Zions BankRegional Bank 504 Lender Of The YearAwarded to the most active 504 bank partner with between $10 billion and $100 billion in assets First Citizens BankSuper Regional Bank 504 Lender Of…
Read MoreCalifornia SBA 7(a) Lenders FY 2023
RANK Lender # SBA 7(a) Loans Approved $ SBA 7(a) Loans Amount Approved Average Loan Size 1 Live Oak Banking Company (NC) 153 $221,482,600 $1,447,599 2 U.S. Bank, National Association (OH) 695 $193,969,500 $279,093 3 Newtek Small Business Finance, Inc. (NY) 190 $151,775,100 $798,816 4 Harvest Small Business Finance, LLC (CA) 118 $146,309,800 $1,239,914 5…
Read MoreNew Email and Processing Tips to Resolve Error 4363 for Existing SBA Loans
Many lenders and borrowers are complaining their SBA loan applications are lying in a black hole with Etran 4363 processing compliance codes errors.Most can be resolved with additional information. However, clearing error codes about existing SBA loans is problematic SBA is generally prohibited from sharing details about compliance issues on existing SBA loans directly with…
Read MoreThe 16th Annual SBA Secondary Market Summit 2023 Registration
3 Registration Types:$1895 – Early Bird Registration Fee before 11/7 (Per Seat)$2095 – Regulator Registration Fee (Per Seat)$995 Additional Attendees (Per Seat) EASY WAYS TO REGISTER:
Read MoreByline Bank Ranks 1st in SBA International Trade Loans — 5th for SBA 7(a) Lending for FY23
“Small businesses are the lifeblood of our communities, and Byline is proud to have supported small business owners in securing the vital capital they need to pursue their dreams and grow their businesses,” says Tom Abraham, President, Small Business Capital, the SBA lending division of Byline Bank. “A significant portion of Illinois’ private workforce is…
Read MoreFlorida SBA 7(a) Lender Rankings for FY 2023
RANK Lender # SBA 7(a) Loans Approved $ SBA 7(a) Loans Amount Approved Average Loan Size 1 TD Bank, National Association (DE) 825 $112,752,900 $136,670 2 Newtek Small Business Finance, Inc. (NY) 180 $108,334,500 $601,858 3 Live Oak Banking Company (NC) 71 $104,346,000 $1,469,662 4 BayFirst National Bank (FL) 363 $101,958,300 $280,877 5 The Huntington…
Read MoreBobby Goff Joins Gulf Coast Small Business Lending as Senior Vice President
“Bobby is a fantastic addition to our Gulf Coast Small Business Lending team. Gulf Coast Small Business Lending has been, and remains, bullish about SBA lending. “We look forward to combining Bobby’s extensive SBA experience with our exceptional product delivery as we continue to partner with small businesses across the United States to meet their…
Read MoreFraud Friday – 40+ Broward Sheriff’s Office Employees in the Hot Seat, Accused of PPP Fraud
October 13, 2023 Delaney SextonContributing Editor Fraud Friday – 40+ Broward Sheriff’s Office Employees in the Hot Seat, Accused of PPP Fraud This week, the Broward Sheriff’s Office (BSO) in Florida is under the spotlight after at least 40 employees were indicted for committing PPP fraud. Many of the employees consist of BSO deputies, detention…
Read MorePPP Loan Criminal Gets 42 Months for $500K Fraud, Co-Defendant Guilty of Lying to SBA
“[Tamika Cross] submitted false documents certifying a number of employees and payroll for a business that had neither. She collected PPP loan proceeds based on lies and helped others do likewise,” says IRS Criminal Investigation (CI) Special Agent in Charge Thomas F. Murdock. “We are committed to investigating those who defrauded the government and robbed…
Read MoreNew SBA 504 Debt Refinance Rules as of November 13, 2023
Maximum Loan is $90,000 per Employee Highlights published in the October 12, 2023 Federal Register A loan that is subject to a guarantee by a Federal agency or department may be refinanced under the following conditions and requirements: An existing 504 loan may be refinanced if both the Third Party Loan and the 504 Loan…
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