Main Street Monday – 7(a) Lending Surpasses $10.5 Billion in FY23

March 20, 2023 Delaney SextonContributing Editor Main Street Monday – 7(a) Lending Surpasses $10.5 Billion in FY23 In fiscal year 2023, 7(a) lending is the highest it has been since 2018. As of the last day of February, almost $10.4 billion was approved, an increase of more than $2 billion compared to last year. Over…

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SBA Announces 7(a) Lending Approvals Back to Pre-Pandemic Levels

March 16, 2023 By Joseph ColemanPresident, Coleman Report CORONADO, CA — SBA Deputy Associate Administrator John Miller announced 7(a) approved dollars in FY2023 ($10.4 B) are back to the levels last seen in FY2018 ($10.5 B) at the America West Small Business Lending Conference in Coronado, CA. 504 lending in FY2023 ($2.6 B) has leveled…

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C-Suite Wednesday – Default Rates are Predicted to Rise to 3.6% in 2023

March 15, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Default Rates are Predicted to Rise to 3.6% in 2023 PayNet is forecasting that the loan default rate in 2023 will be 3.6%, an increase of 1.6% from the actual default rates in 2022. Further, they are predicting that this rising trend will continue in 2024…

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SBA Hot Topic Tuesday – New Lending is Up 11% From December

March 14, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – New Lending is Up 11% From December According to PayNet small business insights, new loan volume was up at the start of 2023, but default rates and delinquency rates were also higher at the beginning of the year. Here are the facts from index…

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Main Street Monday – $58 Billion Budget for SBA Programs in Fiscal Year 2024

March 13, 2023 Delaney SextonContributing Editor Main Street Monday – $58 Billion Budget for SBA Programs in Fiscal Year 2024 “Small businesses are the giants of our economy, and the source of our most innovative and important technological, cultural and social advancements,” says Administrator Isabella Casillas Guzman. “Yet, while many entrepreneurs are already rebounding from…

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C-Suite Wednesday – Coleman Small Business Lending Index

March 8, 2023 Delaney SextonColeman Editor C-Suite Wednesday – Coleman Small Business Lending Index We invite you to take our first Coleman Small Business Lending Index survey! Responses collected from the surveys are anonymous. The data will be used in future reports to inform the SBA industry of small business lender sentiment and trends within…

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