Coleman Report
Steve Coughlin Joins Metropolitan Solutions Group as Director of Operations for Laboratories, Training, and Occupational Health
July 1, 2024 Delaney SextonContributing Editor Steve Coughlin Joins Metropolitan Solutions Group as Director of Operations for Laboratories, Training, and Occupational Health David Spinazzolo, President and CEO of Metropolitan Solutions, says, “Steve Coughlin brings strong military and civilian business management and leadership experience to deliver optimized solutions across the board for our Navy and Maritime…
Read MoreSBA 7(a) Lending Stats by State
July 1, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by State For fiscal year 2024, these are the lending statistics by state as of June 30, 2024:
Read MoreFormer President of SouthernTrust Bank Pleads Guilty to Falsifying Records – Fraud Friday
June 28, 2024 Delaney SextonContributing Editor Former President of SouthernTrust Bank Pleads Guilty to Falsifying Records – Fraud Friday “The lack of professional responsibility demonstrated by Steven Cook diminishes the faith consumers place in the banking process,” says FBI Springfield Field Office Acting Special Agent in Charge Shannon Fontenot. “Financial fraud is a serious crime…
Read MoreLenders May Use the Newly Updated SBA Form 1919
June 27, 2024 Delaney SextonContributing Editor Lenders May Use the Newly Updated SBA Form 1919 SBA received approval for the edits made to SBA Form 1919 to reflect the Criminal Justice Rule. Question #4 on page 2 of the form was updated: “The new question #4 uses the phrase ‘serving a sentence of imprisonment imposed…
Read MoreSBA 7(a) Lending Stats by Industry
June 27, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by Industry For fiscal year 2024, these are the lending statistics by industry as of June 25, 2024:
Read MoreFirst Bank of the Lake Promotes Carolyn Calafiore to EVP and President of SBA Lending
June 27, 2024 Delaney SextonContributing Editor First Bank of the Lake Promotes Carolyn Calafiore to EVP and President of SBA Lending “Carolyn has been a superstar on the team since she started at the bank. Her dedication and expertise have driven our success, and we are confident she will continue to excel in her new…
Read MoreRepresentative Williams & Senator Ernst are “Pleased” but “Remain Concerned” After Funding Circle’s Announcement
June 26, 2024 Delaney SextonContributing Editor Representative Williams & Senator Ernst are “Pleased” but “Remain Concerned” After Funding Circle’s Announcement Representative Roger Williams and Senator Joni Ernst released a joint statement since the announcement that Funding Circle is voluntarily returning its SBLC license: “As we have been saying from the moment it was announced, Funding…
Read MoreUnited Community Welcomes Jeannie Yoder as SBA Regional Executive
June 26, 2024 Delaney SextonContributing Editor United Community Welcomes Jeannie Yoder as SBA Regional Executive “Throughout Jeannie’s career, she has consistently demonstrated an exceptional aptitude for SBA lending,” says Beth Hallock, president of SBA lending at United. “With a remarkable track record, generating north of $600 million in SBA loan production, she brings invaluable expertise…
Read MoreiBusiness Funding Acquires Funding Circle for $41.8 Million, Will Return SBLC License
June 25, 2024 Delaney SextonContributing Editor iBusiness Funding Acquires Funding Circle for $41.8 Million, Will Return SBLC License Founder and CEO of iBusiness Funding LLC Justin Levy expresses his enthusiasm, saying, “We are thrilled to welcome the exceptional FC USA team to the iBusiness family. FC USA’s mission to be the largest SBA lender for loans under $500,000 aligns with our goal…
Read MoreSBA 7(a) Lending Stats by Business Type
June 25, 2024 Delaney SextonContributing Editor SBA 7(a) Lending Stats by Business Type For fiscal year 2024, these are the lending statistics by business type as of June 24, 2024:
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