Coleman Report Update
SBA Updates SBA Forms 1919, 1971 and 2237. Eliminates 1920, 2449. Adds 3518.
SBA revised and renewed SBA Form 1919, “SBA 7(a) Borrower Information Form”; and SBA Form 2237, “7(a) Post-Approval Action Checklist”. SBA renewed without revision SBA Form 1971, “Religious Eligibility Worksheet”. SBAeliminated SBA Form 1920, “Lender’s Application for Loan Guaranty”; and is replacing SBAForm 2449, “Community Advantage Addendum (7(a) Pilot Program)” with the new SBA Form3518,…
Read MoreTennessee SBA 7(a) FY23 Rankings — The Huntington National Bank and Live Oak Bank Rank #1
RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 25 $40,173,800 $1,606,952 2 The Huntington National Bank (OH) 92 $28,458,000 $309,326 3 Newtek Small Business Finance, Inc. (NY) 26 $14,912,500 $573,558 4 Newtek Bank, National Association (FL) 21 $13,782,500 $656,310 5 First Bank of the Lake (MO) 8 $13,304,100…
Read MoreBlack Hills FCU and First Bank & Trust Top South Dakota SBA 7(a) FY23 Rankings
RANK Lender # Loans $ Amount Average Loan Size 1 First Bank & Trust (SD) 14 $15,963,900 $1,140,279 2 Byline Bank (IL) 2 $7,705,000 $3,852,500 3 First Interstate Bank (MT) 18 $5,417,400 $300,967 4 Black Hills FCU (SD) 27 $4,614,200 $170,896 5 Enterprise Bank & Trust (MO) 1 $3,071,000 $3,071,000 6 GBC International Bank (CA)…
Read MoreFormer Atlanta Assistant City Attorney Guilty of $7 Million PPP Loan Fraud — Threatens to Kill Co-Conspirator Friend
A Georgia attorney and former City of Atlanta police officer was convicted of fraudulently obtaining over $7 million in PPP loans last week. Shelitha Robertson submitted PPP loan applications on four businesses she owned. The applications consisted of photoshopped false tax returns and employment records. Her defense that she was duped by former friend and…
Read MoreSBA’s Quarterly Connect Call Scheduled for January 9th, Tuesday at 3 pm EST
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Read MoreTexas FY23 SBA 7(a) Lender Rankings Topped by The Huntington National Bank and Live Oak Bank
RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 121 $207,203,900 $1,712,429 2 Wallis Bank (TX) 80 $138,772,200 $1,734,653 3 The Huntington National Bank (OH) 388 $99,083,000 $255,369 4 Newtek Small Business Finance, Inc. (NY) 121 $81,986,100 $677,571 5 Readycap Lending, LLC (NJ) 108 $76,724,800 $710,415 6 First Internet…
Read MoreTD Bank and Live Oak Bank Top South Carolina SBA 7(a) Loan Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 29 $44,210,300 $1,524,493 2 Pinnacle Bank (SC) 25 $25,642,700 $1,025,708 3 SouthState Bank, National Association (FL) 42 $20,273,700 $482,707 4 United Community Bank (SC) 20 $19,160,000 $958,000 5 GBank (NV) 7 $18,850,000 $2,692,857 6 TD Bank, National Association (DE) 121…
Read MoreBristol County Savings Bank and TD Bank Rank #1 as Top Rhode Island SBA 7(a) Lenders for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 Bristol County Savings Bank (MA) 13 $6,599,800 $507,677 2 Citizens Bank, National Association (RI) 6 $6,060,300 $1,010,050 3 HarborOne Bank (MA) 21 $6,030,000 $287,143 4 Bank Rhode Island (RI) 20 $4,878,500 $243,925 5 Berkshire Bank (MA) 2 $4,727,000 $2,363,500 6 Live Oak Banking Company (NC)…
Read MoreBanco Popular Top SBA 7(a) Lender in Puerto Rico with 288 loans for $50.6 Million
RANK Lender # Loans $ Amount Average Loan Size 1 Banco Popular de Puerto Rico (PR) 288 $50,625,900 $175,784 2 Oriental Bank (PR) 106 $13,687,400 $129,126 3 FirstBank Puerto Rico (PR) 53 $13,115,900 $247,470 4 BayFirst National Bank (FL) 2 $2,880,000 $1,440,000 5 Economic Development Bank for Puerto Rico (PR) 7 $1,331,000 $190,143 6 Corp.…
Read MoreJeff Girling Joins Harvest SBF as Vice President, BDO
Says Marketing Director Tyler Massas, “Jeff Girling is a seasoned professional in commercial real estate finance on a national level, with a notable impact in the Midwest and greater Chicagoland area. “With a career spanning over two decades, Jeff has earned a reputation for his experience in navigating the intricacies of commercial real estate. His…
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