Join SBA’s New Small Business Lending Advisory Council

April 10, 2024 Delaney SextonContributing Editor Join SBA’s New Small Business Lending Advisory Council On Monday, a notice was published in the Federal Register about the establishment of the Small Business Lending Advisory Council. It is being created to better institutionalize feedback between the SBA and the small business lending ecosystem according to the 7(a)…

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7(a) Connect Quarterly Update Takes Place Today

April 9, 2024 Delaney SextonContributing Editor 7(a) Connect Quarterly Update Takes Place Today Today, April 9th at 3 pm Eastern, SBA will hold the 7(a) Connect Quarterly Update call. An email from SBA gives the topics of discussion for today’s Connect Quarterly Update: We will discuss policy and provide a sneak peek at the upcoming…

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SBA Inspector General is Requesting $67.4 Million for its Total 2025 Budget

April 8, 2024 Delaney SextonContributing Editor SBA Inspector General is Requesting $67.4 Million for its Total 2025 Budget $47.02 million will be used for direct discretionary funding, and $20.38 million will be transferred from the SBA Disaster Loan Program. The Inspector General is requesting to transfer $16.674 from the SBA Disaster Loan Program account to…

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Bob Coleman Interviewed by Sean Murray at deBanked

April 8, 2024 Delaney SextonContributing Editor Bob Coleman Interviewed by Sean Murray at deBanked “As in anything else, once you master the learning curve, you’re fine,” says Bob Coleman. “The reason why SBA lending is difficult is you may not know the rules.” And that’s where Coleman comes in, a former lender turned news source and educator…

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Cars, Tractors, and Luxury Watches Forfeited After Pleading Guilty to $12.4 Million PPP Fraud – Fraud Friday

April 5, 2024 Delaney SextonContributing Editor Cars, Tractors, and Luxury Watches Forfeited After Pleading Guilty to $12.4 Million PPP Fraud – Fraud Friday Between 2017 and 2018, Tod Ray Keilholz obtained three business loans totaling more than $3.5 million from Hawthorne Bank. His businesses began failing afterward, and his financial concerns started growing. The loans…

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