Fraud Friday — UPDATE: What happened to Nik Patel?
August 16, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday — UPDATE: What happened to Nik Patel? Nikesh “Nik” Patel, is currently serving a 25-year prison sentence in a Federal...
View ArticleMain Street Monday – Federal Survey Reports Loan Standards Ease for Small...
August 19, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Federal Survey Reports Loan Standards Ease for Small Businesses According to a Reuters report published on...
View ArticleSBA Hot Topic Tuesday – SBA Inspector General Denys Two 7(a) Loan Guarantees
August 20, 2019 By Caity Witucki Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – SBA Inspector General Denys Two 7(a) Loan Guarantees A recent OIG review of two “high risk” SBA 7(a) loans has...
View ArticleSBA C-Suite Tips Wednesday — Demonstrate That Borrowed Funds are Not Used for...
August 21, 2019 By Caity Witucki Contributing Editor, C-Suite Tips Wednesday SBA C-Suite Tips Wednesday — Demonstrate That Borrowed Funds are Not Used for the Equity Injection On August 14, 2019, the...
View ArticleColeman Movers & Shakers — Sound Bank, Shannon Jefferson, and Steven Hoschak
August 22, 2019 By Caity Witucki Contributing Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Sound Bank, Shannon Jefferson, and Steven Hoschak Sound Bank Receives Preferred Lender...
View ArticleFraud Friday — “They Got Us” CEO of banc-serv Indicted for $10 Million Loan...
August 23, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday — “They Got Us” CEO of banc-serv Indicted for $10 Million Loan Fraud Scheme” Allegedly around April 24, 2009, the SBA...
View ArticleMain Street Monday – Number of Young Entrepreneurs Down to Just 4% According...
August 26, 2019 Main Street Monday – Number of Young Entrepreneurs Down to Just 4% According to New Infographic Report American entrepreneurs average 400,000 new start-ups each year. However, according...
View ArticleSBA Hot Topic Tuesday — Nearly 90,000 Businesses Will Gain Small Business...
August 27, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Nearly 90,000 Businesses Will Gain Small Business Status Under Adjusted Size Standard On July 18,...
View Article2019 SBA Secondary Market Summit
2019 SBA Secondary Market Summit Home Speakers Agenda Registration The 12th Annual Event for SBA Secondary Market Professionals! The only industry event where you can get accurate market intelligence...
View ArticleColeman Movers & Shakers — Jake Kuester, Jewon Kim, and Greg Rockenback
August 29, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Jake Kuester, Jewon Kim, and Greg Rockenback Community Reinvestment Fund Names Kuester...
View ArticleFraud Friday – “Working Capital” Fits better than “Past Due Payroll Taxes”
August 30, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – “Working Capital” Fits better than “Past Due Payroll Taxes” Former president, chief executive officer and founder of...
View ArticleSBA Hot Topic Tuesday – Inadequate Support for Equity Injection Results in...
September 3, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – Inadequate Support for Equity Injection Results in Guaranty Denial A recent OIG review of “high...
View ArticleCPR Report: SBA Actual 7(a) Prepays Stay Above 17%
CPR Report: SBA Actual 7(a) Prepays Stay Above 17% September 4, 2019By Bob JudgeEditor, CPR Report Download the CPR Report In June, total prepays, including paid excess principal (ACPR), came in at...
View ArticleSBA C-Suite Tips Wednesday — “Riches in Niches” Know the Trends in the...
September 4, 2019 By Caity Witucki Contributing Editor, SBA C-Suite Tips Wednesday SBA C-Suite Tips Wednesday — “Riches in Niches” Know the Trends in the Lending Landscape Trends in the small business...
View ArticleColeman Movers & Shakers — Bill Luckinbill, Highland Bank, and Theo Ransum
September 5, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Bill Luckinbill, Highland Bank, and Theo Ransum America First Credit Union Hires Bill...
View ArticleFraud Friday – “They Got Us” Swapping Business Owners
September 6, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – “They Got Us” Swapping Business Owners On October 16, 2007, the SBA allegedly denied a $2,000,000 7(a) loan...
View ArticleMain Street Monday – 48% of Main Street Have Their Financing Needs Met
September 9, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – 48% of Main Street Have Their Financing Needs Met Statistics and trends in the Federal Reserve’s Small...
View ArticleSBA Hot Topic Tuesday — Third Generation SBA Lender
September 10, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Third Generation SBA Lender Derrick Burge, who is learning the SBA program presently, will be the...
View ArticleSBA C-Suite Tips Wednesday — Assume the Credit Memo Reader is SBA’s Inspector...
September 11, 2019 By Caity Witucki Contributing Editor, C-Suite Tips Wednesday SBA C-Suite Tips Wednesday — Assume the Credit Memo Reader is SBA’s Inspector General The number one reason that the SBA...
View ArticleColeman Movers & Shakers — Sal Gomez, Sharon Harvey, and Amanda Aaron
September 12, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Sal Gomez, Sharon Harvey, and Amanda Aaron VelocitySBA Hires Sal Gomez as New...
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