Eric Guttormson Joins First Southwest Bank as Senior Lending Officer

February 29, 2024 Delaney SextonContributing Editor Eric Guttormson Joins First Southwest Bank as Senior Lending Officer “I’m thrilled to join the committed and innovative team at First Southwest Bank,” says Guttormson, “and look forward to forming new relationships with colleagues and customers who are making a positive impact every day by bringing social capital partners…

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Representative Schiff Introduces Bill to Fund SBA Programs During Government Shutdowns

February 29, 2024 Delaney SextonContributing Editor Representative Schiff Introduces Bill to Fund SBA Programs During Government Shutdowns “My bill will ensure that, regardless of a shutdown, the support mechanisms for small businesses will remain active and accessible,” says Representative Adam Schiff. “SBA programs are crucial to families all across America and supporting them strengthens our economy and…

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Solving Very Difficult SBA 7(a) Loan Servicing Issues — A Coleman Webinar 3/14

Topics Include: Attend the Live Webinar EventThursday, March 14, 20242:00 PM Eastern75-minute training with e-certification There are two types of difficult one-off servicing actions facing lenders — actions facing lenders where the borrower is current, and actions where the borrower is having financial difficulties. Lance Sexton’s webinar will address both scenarios and offer solutions that…

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First Bank of the Lake Reaches $1 Billion in Total Assets

“As I reflect on the milestone of reaching $1 billion in total assets, I must thank our over 200 employees, our board members, owners and customers for playing an important role in our success,” states President and CEO Mike Anderson. “Reaching $1 billion in total assets is not just about the numbers, it is about…

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New SBA Rule Adjusts Alternative Size Standards

February 26, 2024 Delaney SextonContributing Editor New SBA Rule Adjusts Alternative Size Standards A new rule that goes into effect on March 18, 2024, will increase SBA’s alternative size standards to adjust for inflation. The change will expand access to financial assistance and other resources for small businesses. This rule will apply to more than…

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