Coleman Report
Dennis McLean Joins Lake Michigan Credit Union as Vice President of Commercial Lending
September 3, 2024 Delaney SextonContributing Editor Dennis McLean Joins Lake Michigan Credit Union as Vice President of Commercial Lending “More than anything, Dennis is tenacious. He tirelessly advocates for members and won’t rest until he delivers the results they’re looking for — and then some,” says LMCU’s Senior Vice President of Commercial Lending in Sarasota,…
Read MoreCornerstone Capital Bank Appoints Paul Woo as Chief Financial Officer
September 3, 2024 Delaney SextonContributing Editor Cornerstone Capital Bank Appoints Paul Woo as Chief Financial Officer “We are delighted to welcome Paul to our executive leadership team,” says Cornerstone President and CEO Scott Almy. “Paul’s impressively broad and deep background will be instrumental in helping us to realize our growth and performance goals.” Woo has over…
Read MoreSBA 7(a) Approvals by Maine Lenders
September 3, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Maine Lenders For fiscal year 2024, these are the lending statistics by Maine lenders as of September 2, 2024:
Read MoreSBA Employee Accused of Executing $435,000 EIDL Fraud Scheme – Fraud Friday
August 30, 2024 Delaney SextonContributing Editor SBA Employee Accused of Executing $435,000 EIDL Fraud Scheme – Fraud Friday During the pandemic, Faruk Syed was employed at the SBA as a loan specialist working on COVID Economic Injury Disaster Loans. His responsibilities included reviewing COVID EIDL applications and approving the loans. Now, Syed is accused of…
Read MoreU.S. Bank Reports that 3 in 4 Small Businesses Grew in the Last Year
August 29, 2024 Delaney SextonContributing Editor U.S. Bank Reports that 3 in 4 Small Businesses Grew in the Last Year “The fact that almost 9 in 10 small business owners and 3 in 4 employees share a positive outlook on the future of their business, underscores the resilience of small businesses and the value they…
Read MoreSBA 7(a) Approvals by Maryland Lenders
August 29, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Maryland Lenders For fiscal year 2024, these are the lending statistics by Maryland lenders as of August 28, 2024:
Read MoreA Federal Judge Decided to Uphold CFPB Small Business Data Collection Rule
August 28, 2024 Delaney SextonContributing Editor A Federal Judge Decided to Uphold CFPB Small Business Data Collection Rule At the start of this week, a Texas court issued a decision that upholds the legality of the Consumer Financial Protection Bureau’s Small Business Lending Rule. The CFPB issued a rule in March 2023 that requires financial…
Read MoreSBA 7(a) Approvals by Massachusetts Lenders
August 28, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Massachusetts Lenders For fiscal year 2024, these are the lending statistics by Massachusetts lenders as of August 27, 2024:
Read MoreSmall Businesses are Concerned with Costs but not with Financing
August 27, 2024 Delaney SextonContributing Editor Small Businesses are Concerned with Costs but not with Financing Small business owners are still being plagued by uncertainty with the current economy. The NFIB’s Small Business Problems and Priorities survey reveals what issues are most pertinent to small business owners. Since the survey is released every four years,…
Read MoreSBA 7(a) Approvals by Louisiana Lenders
August 27, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Louisiana Lenders For fiscal year 2024, these are the lending statistics by Louisiana lenders as of August 26, 2024:
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