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Mississippi SBA 7(a) Lender Rankings for FY 2023

RANK Lender # Loans $ Amount Average Loan Size 1 Peoples Bank (MS) 61 $25,154,700 $412,372 2 Southern AgCredit, FLCA (MS) 5 $13,864,000 $2,772,800 3 BankPlus (MS) 17 $13,629,200 $801,718 4 BankFirst Financial Services (MS) 26 $12,910,400 $496,554 5 Community Bank of Mississippi (MS) 34 $12,460,900 $366,497 6 First Financial Bank (AR) 14 $12,081,000 $862,929…

Fraud Friday – Dentist Charged for SBA Loan Fraud and Evading More Than $600,000 in Taxes

November 24, 2023 Delaney SextonContributing Editor Fraud Friday – Dentist Charged for SBA Loan Fraud and Evading More Than $600,000 in Taxes Matthew Johnson was indicted for orchestrating a fraud scheme that bilked the SBA of more than $3 million and for tax evasion. According to the indictment that was unsealed during Johnson’s initial court…

Gulf Coast Small Business Lending Announces Hiring of Steve Colburn and John Genga III

November 22, 2023 Delaney SextonContributing Editor Gulf Coast Small Business Lending Announces Hiring of Steve Colburn and John Genga III “Steve and John are fantastic additions to our Gulf Coast Small Business Lending team. They have many years of experience in the SBA industry, and it is great to have BDOs of their caliber representing…

USDA and SBA Join Forces for Rural Main Street

“Rural small businesses strengthen local economies – creating jobs and serving communities,” says SBA Administrator Isabel Casillas Guzman. “SBA’s partnership with USDA will build upon the Biden-Harris Administration’s commitment to investing in underserved rural Americans and providing the needed resources to help them start and grow their businesses to advance our economy and global competitiveness.”…

Lesley Lang-Lopez Joins Cen-Cal Business Finance as SVP

Lesly will be based in Cen Cal’s new Central Coast office in Santa Maria that will serve the Central Coast and parts of Southern California. Lang-Lopez is a respected lender known for her success in managing SBA teams and profitable lending programs. She holds an MBA with distinction from Fresno State, and has received notable…

Missouri SBA 7(a) Lender Rankings for FY 2023

RANK Lender # Loans $ Amount Average Loan Size 1 OakStar Bank (MO) 67 $58,297,500 $870,112 2 Live Oak Banking Company (NC) 14 $34,985,600 $2,498,971 3 Midwest Regional Bank (MO) 20 $19,000,000 $950,000 4 Regent Bank (OK) 27 $14,356,800 $531,733 5 U.S. Bank, National Association (OH) 79 $11,951,100 $151,280 6 Wells Fargo Bank, National Association…

Coleman Report Live! Monday, 11/20 1 pm Eastern

Here is the Microsoft Teams Invite for today’s Show at 1 pm Eastern You may also access out Youtube Live Stream at 1 pm Eastern Guests: Frank Gallegos Cen Cal Business Finance John Reosti, American Banker Lance Sexton, Fountainhead Commercial Capital

NFIB Says 5% of Small Business Owners’ Access to Capital is #1 Challenge

Two percent of owners reported that all their borrowing needs were not satisfied. Twenty-three percent reported all credit needs met and 64% said they were not interested in a loan. A net 7% reported their last loan was harder to get than in previous attempts. Five percent of owners said that financing was their top…

Maine SBA 7(a) Lender Rankings for FY 2023

RANK Lender # Loans $ Amount Average Loan Size 1 Bangor Savings Bank (ME) 58 $10,524,400 $181,455 2 Maine Community Bank (ME) 25 $9,928,600 $397,144 3 Live Oak Banking Company (NC) 3 $6,650,000 $2,216,667 4 TD Bank, National Association (DE) 79 $6,543,700 $82,832 5 Customers Bank (PA) 4 $4,858,000 $1,214,500 6 Androscoggin Savings Bank (ME)…

Massachusetts SBA 7(a) Lender Rankings for FY 2023

RANK Lender # Loans $ Amount Average Loan Size 1 Eastern Bank (MA) 230 $41,602,200 $180,879 2 Live Oak Banking Company (NC) 21 $29,055,500 $1,383,595 3 TD Bank, National Association (DE) 203 $24,255,500 $119,485 4 Webster Bank National Association (CT) 44 $22,829,000 $518,841 5 Cambridge Savings Bank (MA) 27 $14,452,300 $535,270 6 Newtek Small Business…