Join SBA’s 7(a) Connect Quarterly Update on July 9th

July 2, 2024 Delaney SextonContributing Editor Join SBA’s 7(a) Connect Quarterly Update on July 9th SBA’s 7(a) Connect Quarterly Update call is scheduled for Tuesday, July 9th at 3:00 pm ET. Here’s the draft agenda: LGPC – Joe McClure on 7aQuestions, nondelegated topics and turn times Secondary Market team – Marybeth Kerrigan on updates to SBA Form…

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A Landmark Merger: AmPac Business Capital and Enterprise Funding Corporation Unite to Revolutionize SBA 504 Lending in the Inland Empire

July 2, 2024 Delaney SextonContributing Editor A Landmark Merger: AmPac Business Capital and Enterprise Funding Corporation Unite to Revolutionize SBA 504 Lending in the Inland Empire Hilda Kennedy, Founder and President of AmPac, expressed her enthusiasm for the merger, highlighting the strategic growth opportunities it presents. “By joining forces with Enterprise Funding, we are poised…

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SBA 504 Lending Stats by Race

July 2, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Race For fiscal year 2024, these are the lending statistics by race as of July 1, 2024:

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First Bank of the Lake Promotes Annemarie Murphy to Chief Lending Officer, SEVP and Elected her as Director of FBOL Bancshares, Inc.

July 1, 2024 Delaney SextonContributing Editor First Bank of the Lake Promotes Annemarie Murphy to Chief Lending Officer, SEVP and Elected her as Director of FBOL Bancshares, Inc. “Annemarie has been an integral part of the Bank’s success since she started in August 2019,” states Mike Anderson, Chairman, President & CEO. “She’s grown the SBA…

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Steve Coughlin Joins Metropolitan Solutions Group as Director of Operations for Laboratories, Training, and Occupational Health

July 1, 2024 Delaney SextonContributing Editor Steve Coughlin Joins Metropolitan Solutions Group as Director of Operations for Laboratories, Training, and Occupational Health David Spinazzolo, President and CEO of Metropolitan Solutions, says, “Steve Coughlin brings strong military and civilian business management and leadership experience to deliver optimized solutions across the board for our Navy and Maritime…

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SBA 7(a) Lending Stats by State

July 1, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by State For fiscal year 2024, these are the lending statistics by state as of June 30, 2024:

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Former President of SouthernTrust Bank Pleads Guilty to Falsifying Records – Fraud Friday

June 28, 2024 Delaney SextonContributing Editor Former President of SouthernTrust Bank Pleads Guilty to Falsifying Records – Fraud Friday “The lack of professional responsibility demonstrated by Steven Cook diminishes the faith consumers place in the banking process,” says FBI Springfield Field Office Acting Special Agent in Charge Shannon Fontenot. “Financial fraud is a serious crime…

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Lenders May Use the Newly Updated SBA Form 1919

June 27, 2024 Delaney SextonContributing Editor Lenders May Use the Newly Updated SBA Form 1919 SBA received approval for the edits made to SBA Form 1919 to reflect the Criminal Justice Rule. Question #4 on page 2 of the form was updated: “The new question #4 uses the phrase ‘serving a sentence of imprisonment imposed…

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SBA 7(a) Lending Stats by Industry

June 27, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by Industry For fiscal year 2024, these are the lending statistics by industry as of June 25, 2024:

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