Coleman Report
SBA 7(a) Working Capital Program Begins Today
August 5, 2024 Delaney SextonContributing Editor SBA 7(a) Working Capital Program Begins Today “Small businesses need affordable working capital to pursue revenue growth opportunities made available thanks to President Biden’s Investing in America agenda,” says SBA Administrator Guzman. “The SBA has expanded access to capital and increased small dollar lending over the past three and a half years –…
Read MoreBank of Guam Celebrates 2024 SBA Awardees
August 5, 2024 Delaney SextonContributing Editor Bank of Guam Celebrates 2024 SBA Awardees Bank of Guam celebrates the Guam winners of the 2024 U.S. Small Business Administration Awards, including M80 Systems Inc. president Jessica Leon Guerrero, the recipient of the 2024 Guam Small Business Person of the Year. The 2024 Veteran Small Business Champion of…
Read MoreSBA 7(a) Approvals by Connecticut Lenders
August 5, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Connecticut Lenders For fiscal year 2024, these are the lending statistics by Connecticut lenders as of August 3, 2024:
Read MoreFormer Merrill Lynch Financial Advisor Indicted for Stealing Millions from Clients and PPP – Fraud Friday
August 2, 2024 Delaney SextonContributing Editor Former Merrill Lynch Financial Advisor Indicted for Stealing Millions from Clients and PPP – Fraud Friday Government officials were finally able to pin down an alleged serial fraudster after he “actively [concealed] his whereabouts” for two years. Jared Dean Eakes was first arrested on May 20th due to accusations…
Read MoreThe Latest Small Business Green Lending Guaranteed Loan Products – Webinar 8/28
Get Ready for 2025 A Coleman WebinarDate: Wednesday, August 28, 2024Time: 2:00 p.m. Eastern(E-certification & Recording Provided) The SBA has green energy initiatives for the 504 Loan program that allows multiple loans to a single borrower without a maximum ceiling. The USDA Rural Business Services has its Rural Energy for America Program (REAP) with a…
Read MoreSBA 7(a) Loan Insurance Coverage Underwriters Must Require in Credit Memos – Webinar 8/22
When to Obtain the 15 Types of Insurance Coverage Listed in SOP 5010 7.1 Attend the Live Webinar EventThursday, August 22, 20242:00 PM Eastern75-minute training with e-certification & recording Do you know SBA’s SOP referenced types of insurance SBA lenders must obtain at loan closing?(Hint: Hazard, Wind, Hail, Earthquake, State Mandated, Marine, Flood, Life, LiabilityProduct…
Read MoreGulf Coast Small Business Lending Welcomes Chris McIntosh as VP, BDO
August 1, 2024 Delaney SextonContributing Editor Gulf Coast Small Business Lending Welcomes Chris McIntosh as VP, BDO “We are thrilled to have Chris join our Gulf Coast Small Business Lending team. His years of accomplished experience in the SBA industry will be an asset to both our borrowers and our team,” says Larry Moran, Managing…
Read MoreFrequently Asked Questions About Small Businesses
August 1, 2024 Delaney SextonContributing Editor Frequently Asked Questions About Small Businesses The SBA Office of Advocacy published their frequently asked questions about small businesses for 2024. Here are a few of the questions: How many small businesses are there in the U.S.? There are 34.7 million small businesses in the country. Of those, 81.9%,…
Read MoreSBA 7(a) Approvals by Top Coloradan Lenders
August 1, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Top Coloradan Lenders For fiscal year 2024, these are the lending statistics by top Coloradan lenders as of July 31, 2024:
Read MoreSenators Rosen & Moran Introduce Legislation to Provide Tax Cuts for Veteran Startups
July 31, 2024 Delaney SextonContributing Editor Senators Rosen & Moran Introduce Legislation to Provide Tax Cuts for Veteran Startups “Our nation’s servicemembers deserve all of our support as they transition to civilian life,” says Senator Jacky Rosen of Nevada. “I’m proud to introduce this bipartisan bill to provide Nevada veterans with a tax credit on start-up costs…
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