CFPB to Roll Back Small Business Loan Data Collection, California Says No

April 9, 2025 Bob ColemanFounder & Publisher CFPB to Roll Back Small Business Loan Data Collection, California Says No The 10-Year saga of CFPB section 1071 may be coming to an end. As the new administration signals its intent to eliminate the collection of data on small business loan applications, the future of CFPB Section…

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SBA OIG Urges SBA to Investigate $200 Billion of COVID-19 Fraud

April 8, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA OIG Urges SBA to Investigate $200 Billion of COVID-19 Fraud Says the SBA Inspector General in a White Paper issued March 31, 2025: Over the course of the COVID-19 pandemic, SBA disbursed approximately $1.2 trillion of COVID-19 EIDL and PPP funds.  The…

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20% of Main Street Applied for SBA Loans in 2024

April 7, 2025 Bob ColemanFounder & Publisher 20% of Main Street Applied for SBA Loans in 2024 From the 2025 Federal Reserve Bank Small Business Credit Survey. Some Interesting Survey Results: Access the Report here Check out our earlier reporting: Cash Reserves are the Number One Solution for Main Street Financial Challenges (April 2, 2025)

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10 Years Statute of Limitations Proposed for SVOG and RRF Loan Fraud

April 3, 2025 Bob ColemanFounder & Publisher Fraud Friday — 10 Years Statute of Limitations Proposed for SVOG and RRF Loan Fraud House Committee on Small Business Chairman Roger Williams and Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst are introducing the SBA Fraud Enforcement Extension Act. The bill extends the statute of…

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