Coleman Report

April 1, 2024 Delaney SextonContributing Editor Iowa Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Iowa Small Business Profile

March 29, 2024 Delaney SextonContributing Editor IRS Announces Almost $9 Billion in COVID Fraud Investigated – Fraud Friday “In the last year alone, we have opened nearly 700 new COVID fraud investigations that collectively add up to $5 billion in potential fraud,” says Criminal Investigation (CI) Chief Guy Ficco. “While COVID may no longer be…

March 28, 2024 Delaney SextonContributing Editor 23% of Restaurant Revitalization Fund Authorizations were Potentially Ineligible The Restaurant Revitalization Fund approved 101,000 applications and disbursed $28.6 billion to small business owners, but the Inspector general found that $6.7 billion may have been disbursed to ineligible applicants. SBA developed a plan that included a risk framework that…

March 28, 2024 Delaney SextonContributing Editor Indiana Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Indiana Small Business Profile

March 27, 2024 Delaney SextonContributing Editor Senators Introduce a Bill to Prevent SBA from 7(a) Direct Lending “Fraud and inefficiency characterize the Small Business Administration’s history in direct lending. The government shouldn’t crowd out private lenders that are already doing a good job getting funds to the small businesses that need them. I’m proud to…

March 27, 2024 Delaney SextonContributing Editor First Capital Finance and Pricus Marine SBA 504 Loan Leads to Shipwreck Discovery “This project was an exciting opportunity for FCF as we expanded our typical financing into vessels. As Floridians, we understand the importance of the work companies like Pricus Marine accomplish. Our collaboration is a testament to…

March 27, 2024 Delaney SextonContributing Editor Illinois Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Illinois Small Business Profile

March 26, 2024 Delaney SextonContributing Editor Idaho Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Idaho Small Business Profile

March 26, 2024 Delaney SextonContributing Editor Womply and CEO Scammell Agreed to Pay $26 Million to Settle FTC Charges The Federal Trade Commission alleged that Womply advertised that small businesses could successfully obtain PPP funding by applying to Womply. In reality, more than 60% of Womply’s PPP applications never resulted in funding. Womply and Scammell…