OIG Semi-Annual Report to Congress by Peggy E. Gustafson Inspector General I am pleased to present the U.S. Small Business Administration (SBA) Office of Inspector General’s (OIG) Fall 2012 Semiann...
Read More →Approaching $1 billion in losses, Kabul Bank serves as the poster child of how the good intentions of the United States was hijacked by the powerful elite in Afghanistan. Reports the New York Times,...
Read More →Ethan Smith, Partner, Starfield & Smith, P.C. advises that preparing the 10-tab purchase package should start at origination. Start at origination! Organize and build your loan files followi...
Read More →The WSJ published a Commercial Lender Compensation Survey today bringing to light the demand for quality commercial lenders. The average compensation package for a commercial banker is up 17% this ye...
Read More →Complete Connect – Personal Guaranty Requirements Personal Guaranty Requirements By Karen McHugh SBA requires that all 20% or more owners of the applicant business fully guarantee the SBA loan....
Read More →According to the Washington Post, the discourse on the fiscal cliff has failed to focus on the bigger issue at hand: how to avoid raising taxes on the one vehicle that can get the economy moving R...
Read More →Frustrated that banks are no longer lending, UK entrepreneurs are turning to the new breed of posh pawnbrokers for loans. “In exchange for my car keys the pawnbroker transferred the cash to my bank ...
Read More →This quote caught our eye in a story about a Richmond restaurateur who owns a dozen Hooters and Topeka’s Steakhouse franchises. Requested to comment on his bankruptcy filing he said, “It’s just...
Read More →OIG Claims SBA 7(a) Repairs and Denials should increase by $472 Million In a Thanksgiving day posting, SBA’s Inspector General issued a report that says SBA’s improper payments to lenders for SBA...
Read More →Our post-Thanksgiving Fraud Friday edition involves horse race betting, greed, and fraud. Christopher J. Woods, 53, has been sentenced to four years in federal prison for concealing the proceeds of a...
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