Coleman Report
Ericson 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…
Read MoreSBA 7(a) Approvals by Florida Lenders
August 8, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Florida Lenders For fiscal year 2024, these are the lending statistics by Florida lenders as of August 7, 2024:
Read MoreNorthern Mariana Islands Approved for Up To $57 Million in SSBCI Funding
August 7, 2024 Delaney SextonContributing Editor Northern Mariana Islands Approved for Up To $57 Million in SSBCI Funding “This approval is a significant step forward for our small local businesses,” says Commonwealth Economic Development Authority (CEDA) Chairman Frank M. Rabauliman. The CEDA announced that the U.S. Department of Treasury approved up to $57 million for…
Read MorePuerto Rico Economic Development Bank Secures $30 Million Under SSBCI
August 7, 2024 Delaney SextonContributing Editor Puerto Rico Economic Development Bank Secures $30 Million Under SSBCI “This Venture Capital Program will provide access to capital for entrepreneurs who are raising or have raised investment capital,” EDB President Luis Alemañy says. “With this program, we are supporting more companies in continuing their expansion by providing the…
Read More$83 Million in SSBCI Funds Approved for 125 Alaska Tribes
August 7, 2024 Delaney SextonContributing Editor $83 Million in SSBCI Funds Approved for 125 Alaska Tribes “Alaska’s tribes are the backbone of our rural economies. The Alaska SBDC is proud to have worked with the Alaska Federation of Natives to bring 125 Alaskan tribes together in the largest tribal consortium in the nation. This collaborative…
Read MoreSBA 7(a) Approvals by Delaware Lenders
August 7, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Delaware Lenders For fiscal year 2024, these are the lending statistics by Delaware lenders as of August 6, 2024:
Read MoreSBA 7(a) Approvals by Washington, DC Lenders
August 6, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Washington, DC Lenders For fiscal year 2024, these are the lending statistics by Washington, DC lenders as of August 4, 2024:
Read MoreBipartisan Senate Bill Gives SBA a $61 Million Increase in Funding
August 6, 2024 Delaney SextonContributing Editor Bipartisan Senate Bill Gives SBA a $61 Million Increase in Funding “I’m thrilled to see major funding increases for the SBA benefiting nearly every key program, including the Small Business Development Centers, the State Trade Expansion Program and the Microloan Program. These are crucial investments that will directly support…
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