Coleman Report
SBA Inspector General is Currently Conducting 500+ PPP/EIDL Investigations
August 14, 2024 Delaney SextonContributing Editor SBA Inspector General is Currently Conducting 500+ PPP/EIDL Investigations The SBA Office of Inspector General has secured more than 1,000 arrests and over 800 convictions related to PPP and/or EIDL fraud. Their July 2024 newsletter revealed an updated view of their investigative work related to fraud in the pandemic…
Read MoreSBA 7(a) Approvals by Iowa Lenders
August 14, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Iowa Lenders For fiscal year 2024, these are the lending statistics by Iowa lenders as of August 13, 2024:
Read MoreColeman’s Certified SBA Loan Fall 2024 Training Courses
Online Classes Began September 10th! ✗ SBA Loan Underwriting✗ SBA Loan Closing✗ SBA Loan Servicing/Liquidation✗ SBA Loan Broker Office Hours for Underwriting, Closing, Servicing/LiquidationIncludes Semi-Monthly Office Hours every 1st and 3rd Wednesday at noon Eastern with your instructors, Bob Coleman and Lance Sexton. It is structured as a 30 minute Q&A Zoom Call. Registration includes…
Read MoreSmall Business Credit Conditions are Stable, Optimism Increases
August 13, 2024 Delaney SextonContributing Editor Small Business Credit Conditions are Stable, Optimism Increases “Despite this increase in optimism, the road ahead remains tough for the nation’s small business owners,” says NFIB Chief Economist Bill Dunkelberg. “Cost pressures, especially labor costs, continue to plague small business operations, impacting their bottom line. Owners are heading towards unpredictable…
Read MoreSBA 7(a) Approvals by Hawaii Lenders
August 13, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Hawaii Lenders For fiscal year 2024, these are the lending statistics by Hawaii lenders as of August 12, 2024:
Read MoreArizona Launches $5 Million Microbusiness Loan Program
August 12, 2024 Delaney SextonContributing Editor Arizona Launches $5 Million Microbusiness Loan Program “By providing accessible capital and innovative products through our Alternative Loan Program, we’re not just supporting individual entrepreneurs; we’re investing in the economic resilience and vibrancy of our entire region,” says Caroline Nelson, the Community Investment Corp’s chief operating officer and director…
Read MoreSBA 7(a) Approvals by Georgia Lenders
August 12, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Georgia Lenders For fiscal year 2024, these are the lending statistics by Georgia lenders as of August 10, 2024:
Read MoreEricson State Bank President Sentenced to 18 Months in Prison for Fraud that Led to Bank Failure
August 9, 2024 Delaney SextonContributing Editor Ericson State Bank President Sentenced to 18 Months in Prison for Fraud that Led to Bank Failure “The people of Nebraska expect their monies to be safe when they choose to place their trust in local banks,” says United States Attorney Susan T. Lehr. “No bank officials should be…
Read MoreSBA is Opening Applications for SBLC & Community Advantage SBLC Licenses
August 8, 2024 Delaney SextonContributing Editor SBA is Opening Applications for SBLC & Community Advantage SBLC Licenses Tomorrow, SBA will publish in the Federal Register the dates for when they will be accepting applications for SBLC licenses. They will award up to three new SBLC licenses and an indefinite number of new CA SBLC licenses.…
Read MoreWill Dendy Joins TMC Financing to Strengthen SBA 504 Lending in Greater San Diego
August 8, 2024 Delaney SextonContributing Editor Will Dendy Joins TMC Financing to Strengthen SBA 504 Lending in Greater San Diego “We are delighted to welcome Will to our organization,” says Kurt Chambliss, EVP of Business Development at TMC Financing. “His extensive background in banking and deep commitment to client service will undoubtedly enhance our presence and…
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