Coleman Report

August 21, 2024 Delaney SextonContributing Editor Nominate Small Businesses for SBA’s 2025 National Small Business Week Awards “From corner shops to innovation hubs, American entrepreneurs create jobs, invent and provide crucial products and services to their communities, and help define the neighborhoods they serve,” says Administrator Isabel Casillas Guzman.“The SBA is proud to celebrate National Small…

August 21, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Indiana Lenders For fiscal year 2024, these are the lending statistics by Indiana lenders as of August 20, 2024:

August 20, 2024 Delaney SextonContributing Editor Small Business’s Role in Rural America Small businesses in rural areas play an important role in both the economy of the area and the community. Nearly all businesses in rural areas are small, and they supply more than half of all jobs for employees in rural areas. The SBA…

August 20, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Illinois Lenders For fiscal year 2024, these are the lending statistics by Illinois lenders as of August 19, 2024:

Available Webinars: – How to Underwrite the SBA Business Acquisition Loan– Spotting Borrower Fraud and Reporting to SBA’s OIG– Calculating Cash Flow the SBA Way in 2024– How to Quickly and Perfectly Close the SBAExpress Loan– Getting the SBA Guaranty Paid on the Early Defaulted 7(a) Loan– Documenting Equity Injection the SBA Way– Insurance Coverage…

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…

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:

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…

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…