Coleman Report
Coleman’s 14th Annual SBA Motel and Hotel Financing Webinar – Webinar 9/19
What Underwriters Need to Know for 2025 BONUS PDF — Coleman’s 2025 Hotel SBA Underwriting Addendum Checklist A Coleman WebinarDate: Thursday, September 19, 2024Time: 2:00 p.m. EasternIncludes e-certification & recording SBA loan data shows that hospitality loans continue to perform excellently, leaving an attractive option for a lender’s loan portfolio with historically low default and…
Read More“The Roglieri Collection” will be Auctioned Off to Repay Debtors
August 19, 2024 Delaney SextonContributing Editor “The Roglieri Collection” will be Auctioned Off to Repay Debtors The Saratoga Automobile Museum will be auctioning off five of Kris Roglieri’s cars during the museum’s 8th Annual Motorcar Auction. The cars being auctioned include three Mercedes-Benz cars: a 2005 AMG CL65, a 2019 G63 AMG, and a 2021…
Read MoreSBA 7(a) Approvals by Idaho Lenders
August 19, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Idaho Lenders For fiscal year 2024, these are the lending statistics by Indiana lenders as of August 17, 2024:
Read MoreTwo NYPD Detectives are Accused of Helping 65 People Obtain Fraudulent PPP Loans
August 16, 2024 Delaney SextonContributing Editor Two NYPD Detectives are Accused of Helping 65 People Obtain Fraudulent PPP Loans “As alleged, the defendants, including members of law enforcement responsible for upholding the law, defrauded the United States government out of relief funds meant for businesses struggling to survive the pandemic,” states United States Attorney Breon…
Read MoreLenders May Use the New Form 1086
August 15, 2024 Delaney SextonContributing Editor Lenders May Use the New Form 1086 SBA Form 1086 (12-23) Effective 8/1/2024, Lenders may use Form 1086 (12-23) to sell the guaranteed portion of an SBA 7(a) in the secondary market. As a reminder, all sale documentation sent to the FTA’s SettlementExpress@sba.gov inbox on or after 9/3/2024, must include the December 2023 version for the…
Read MoreChris Ward Joins TD Bank as Regional President of Mid-South Metro
August 15, 2024 Delaney SextonContributing Editor Chris Ward Joins TD Bank as Regional President of Mid-South Metro “Chris has a deep understanding of the opportunities and challenges facing local businesses and how to help them fund their ambitions,” Chris Giamo, head of commercial banking, TD Bank, says. “This knowledge can further enhance our teams’ abilities…
Read MoreCDC Small Business Finance Welcomes Joe Delgadillo and Carlos Marroquin
August 15, 2024 Delaney SextonContributing Editor CDC Small Business Finance Welcomes Joe Delgadillo and Carlos Marroquin CDC Small Business Finance has added experienced loan officers Joe Delgadillo to its 504 Commercial Real Estate team in Orange County and Carlos Marroquin to its Small Business Lending team in Los Angeles. Joe Delgadillo – 504 Commercial Real…
Read MoreBryon Borchers Joins First State Bank of Uvalde as SVP, Commercial Lending Officer
August 14, 2024 Delaney SextonContributing Editor Bryon Borchers Joins First State Bank of Uvalde as SVP, Commercial Lending Officer “Bryon’s extensive experience in commercial lending and his steadfast dedication to community involvement make him a solid addition to our bank,” says Chad D. Stary, President and CEO of First State Bank of Uvalde. “We are…
Read MoreSBA 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:
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