Fraud Friday – Fugitive Couple Extradited from Montenegro for $20 Million Fraud

November 25, 2022 Delaney SextonContributing Editor Fraud Friday – Fugitive Couple Extradited from Montenegro for $20 Million Fraud In June 2021, a couple from California, Marietta Terabelian and Richard Ayvazyan, were convicted for a PPP and EIDL fraud scheme. Toward the end of August 2021, they cut their tracking bracelets and fled the United States.…

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C-Suite Wednesday – Senator Cardin Introduced Bill to Make Community Advantage Permanent

November 23, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Senator Cardin Introduced Bill to Make Community Advantage Permanent “The Community Advantage pilot program has proven to be an effective tool in reaching traditionally underserved entrepreneurs,” says Senator Ben Cardin, Chairman of the Senate Committee. “Minority and women-owned businesses are the fastest-growing groups of firms in…

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SBA Hot Topic Tuesday – SBA FY23 7(a) Loan Approvals Up 130%

November 22, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA FY23 7(a) Loan Approvals Up 130% “People are certainly unsure of what’s going to happen,” says John Reosti of American Banker during the Coleman Report Live! show. “People are expecting some type of recession in 2023. It seems like conventional lenders are tightening…

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Fraud Friday – Community Bank Loan Officer Pleads Guilty in $1.2 Million Misapplication Scheme

November 18, 2022 Delaney SextonContributing Editor Fraud Friday – Community Bank Loan Officer Pleads Guilty in $1.2 Million Misapplication Scheme “Banks are institutions that people trust with their life savings, and Fowler tarnished that trust by violating his position and greedily misusing customers money,” says Keri Farley, Special Agent in Charge of FBI Atlanta. “Fortunately,…

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Coleman Movers & Shakers – Steven Cunningham, Tim Collins, and Carolyn Gegg

November 17, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Steven Cunningham, Tim Collins, and Carolyn Gegg WSFS Bank Names Steven Cunningham SVP, Director of SBA Sales “Steven is a skilled SBA commercial manager and lender with an extensive background and breadth of knowledge of SBA programs, business banking, commercial real estate, and more,”…

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C-Suite Wednesday – House Republican Leader Concerned about SBLC Moratorium Proposal

November 16, 2022 Delaney SextonContributing Editor C-Suite Wednesday – House Republican Leader Concerned about SBLC Moratorium Proposal “Lifting the Small Business Lending Company (SBLC) moratorium, which has been in place since the early 1980s without acknowledging their oversight and regulatory deficiencies is a major issue. Now more than ever, the SBA should be working to…

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SBA Hot Topic Tuesday – New IRS Form 4506-C Effective March 2023

November 15, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – New IRS Form 4506-C Effective March 2023 The new IRS Form 4506-C has been published by the IRS and is available online. There were only two minor changes from the previously published draft: a typo was fixed in the Signature of taxpayer(s) statement and…

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