SBA Today Art of SBA

The SBA's decision not to sell its EIDL loan portfolio has led to discord with the Small Business Committee.
Paul Long instigated a discussion on LinkedIn about guarantor percentages for SBA loans, stirring a detailed debate on the ethics and nuances of loan underwriting.
Change, both in personal life and in business, is a consistent theme recognized by the hosts during the graduation season.
The significance of thorough due diligence in the lending process and the unique complexities of commercial lending

Kabbage, a lender for PPP loans, is under legal scrutiny for doling out inflated and fraudulent loans, showcasing the need for stricter fraud control measures. The NAACL Conference provided updates on valuable SBA lending procedures, including new e-tran functionalities and the endorsement of DocuSign with specific requirements.
The SBA is actively investigating the misuse of funds, as reflected in error code 4363, indicating the importance of compliance and due diligence.
A surge in working capital requests is being used to refinance debt, contrary to program stipulations, emphasizing the role of lenders as gatekeepers to ensure proper fund usage.
Despite challenges, the PPP initiative has had a transformative effect, helping businesses sustain operations during unprecedented hardships.

This week, we've got:
 
📰 According to TD Bank, your pipeline is about to get even larger
📖 Tonya's Morning Routine: Anticipation and preparation
💡Digging into the SOP can make you a more confident and knowledgeable lender
 
It’s May 14th, 2024 and this is SBA Today.
 
Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.

This week, we've got:

📰 Loan access for individuals on probation or parole
📖 Tonya & Team bring home Awards
💡 "You are worthy” - SBA tip of the day

It’s May 7th, 2024 and this is SBA Today.

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.

We’ve got:

📰 Funding Circle SBLC License Drama
📖 Power of Just Showing Up
💡 Answering Your Questions: 10% down on Business acquisitions

It’s April 30, 2024 and this is SBA Today.

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.

We’ve got:

📰 Top Stories - CEO of a top 5 SBA 7(a) lending resigns from his post
📖 the SBA's favorite topic: broker fees!
💡How business acquisitions are financed

It’s April 23, 2024 and this is SBA Today with Paul T Long and Tonya Mazurek.

Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.