Coleman Movers & Shakers — Sal Gomez, Sharon Harvey, and Amanda Aaron

September 12, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Sal Gomez, Sharon Harvey, and Amanda Aaron VelocitySBA Hires Sal Gomez as New Business Relationship Manager VelocitySBA – a national small business lending firm – welcomes Sal Gomez as the new VP and Business Relationship Manager. Gomez has…

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SBA Hot Topic Tuesday — Third Generation SBA Lender

September 10, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Third Generation SBA Lender Derrick Burge, who is learning the SBA program presently, will be the third generation in his family to work in the Small Business lending industry. He is currently studying economics at Ivy Tech in…

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Main Street Monday – 48% of Main Street Have Their Financing Needs Met

September 9, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – 48% of Main Street Have Their Financing Needs Met Statistics and trends in the Federal Reserve’s Small Business Credit Survey give entrepreneurs, small business owners and lenders insight into this year’s overall picture of the small business lending industry. 29%…

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Fraud Friday – “They Got Us” Swapping Business Owners

September 6, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – “They Got Us” Swapping Business Owners On October 16, 2007, the SBA allegedly denied a $2,000,000 7(a) loan application submitted by a banc-serv employee. There were two 50% owners of the applicant business – a “President” and a “CEO.” According to the…

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Coleman Movers & Shakers — Bill Luckinbill, Highland Bank, and Theo Ransum

September 5, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Bill Luckinbill, Highland Bank, and Theo Ransum America First Credit Union Hires Bill Luckinbill as Senior SBA Loan Officer At the Pheonix branch of America First Credit Union, Bill Luckinbill will be responsible for underwriting SBA 7(a) and…

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CPR Report: SBA Actual 7(a) Prepays Stay Above 17%

CPR Report: SBA Actual 7(a) Prepays Stay Above 17% September 4, 2019By Bob JudgeEditor, CPR Report Download the CPR Report In June, total prepays, including paid excess principal (ACPR), came in at 17.45%, a 1% decrease from last month’s reading of 17.68%. After correcting for the excess principal being released from the MRF, pool prepays…

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Fraud Friday – “Working Capital” Fits better than “Past Due Payroll Taxes”

August 30, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – “Working Capital” Fits better than “Past Due Payroll Taxes” Former president, chief executive officer and founder of banc-serv, Kerri Agee (aka Kerri Agee-Smith), has been indicted for her alleged role in a 13-year-long conspiracy to defraud the Small Business Administration (SBA). Four…

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