Posts Tagged ‘SBA’
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.”…
Read MoreLesley 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…
Read MoreMissouri 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…
Read MoreNFIB 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…
Read MorePPP Loan Criminal Gets 42 Months for $500K Fraud, Co-Defendant Guilty of Lying to SBA
“[Tamika Cross] submitted false documents certifying a number of employees and payroll for a business that had neither. She collected PPP loan proceeds based on lies and helped others do likewise,” says IRS Criminal Investigation (CI) Special Agent in Charge Thomas F. Murdock. “We are committed to investigating those who defrauded the government and robbed…
Read MoreColeman Report Update! — Litigation Plans, Concerns with SBA Acting More as a Regulator, America West
July 3, 2019 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — Litigation Plans, Concerns with SBA Acting More as a Regulator, America West
Read MoreSBA Hot Topic Tuesday – SBA Proposes Modification for Calculation of Annual Average Revenues for Small Businesses
July 2, 2019 By Mary Miller Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – SBA Proposes Modification for Calculation of Annual Average Revenues for Small Businesses The SBA has announced a proposal to modify the method of calculating annual average revenues as they are used to determine small business size standards. The…
Read MoreColeman Report Update! — America West, Wrap Up Reports, OCC & SBA, Suzy Granger of DRDA
June 26, 2019 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — America West, Wrap Up Reports, OCC & SBA, Suzy Granger of DRDA
Read MoreMain Street Monday – SBA Appoints Two New Senior Executives, Deputy District Director
June 24, 2019 By Bob Coleman Editor, Main Street Monday Main Street Monday – SBA Appoints Two New Senior Executives, Deputy District Director The SBA recently announced new appointments: George Koklanaris has been appointed as the Associate Administrator for the Office of Small Business Development Centers. Koklanaris will oversee the SBA’s Small Business Development Centers…
Read MoreMain Street Monday – SBA Announces Fifth Annual Growth Accelerator Fund Competition
June 10, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – SBA Announces Fifth Annual Growth Accelerator Fund Competition The U.S. Small Business Administration announced its fifth annual Growth Accelerator Fund Competition. The SBA will award 60 organizations that provide small businesses with opportunities such as securing venture capital, business plan…
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