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Welcome to another episode of SBA Today, with your hosts, Paul Long and Tonya Mazurek.
This week's episode, airing for the week of June 11th, dives into the intricacies of the new SBA working capital program, the implications of the SBA's proposed budget, and the latest on penalties and fees.
Tonya also shares a personal anecdote about learning from different generations that seamlessly ties into broader business insights.
Here are the highlights:
Prohibition on Direct Lending: The House's proposed FY 2025 budget includes a prohibition on SBA direct lending, highlighting the ongoing debate around SBA's role in direct lending.
New Working Capital Program: The SBA's new pilot program for working capital offers up to $5 million in credit lines with significant guarantees, aiming to be more appealing for both lenders and borrowers.
Increased Penalties and Fees: Due to inflation, increased penalties and fees are coming into place for non-compliance, underscoring the need for vigilance and timely reporting by SBA lenders.
Spike in New Business Applications: April saw a significant surge in new business applications, marking the highest numbers since 2004 and indicating robust entrepreneurial growth.
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Your hosts, Paul Long and Tonya Mazuerek, unpack the latest SBA news as of June 4th, 2024.
New Criminal Justice Rule: The rule, effective May 30th, affects the SBA loan application process, particularly in how it handles applicants with certain criminal backgrounds.
SBA Form 413 Updates: Changes are coming to the SBA Form 413 to improve accessibility and compliance, impacting both lenders and borrowers.
SBA's Challenges in Fraud Prevention: Discussion around the SBA's efforts to curb the $200 billion in potentially fraudulent Covid-19 EIDL loans.
Moral and Ethical Considerations: Tonya and Paul discuss the ethical implications of fraud and the importance of integrity in business practices.
Role of Key Employees: The definition and implications of 'associates' under the new criminal justice rule,
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Saknas det avsnitt?
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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
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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.
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This week, we've got:
๐ฐ According to TD Bank, your pipeline is about to get even larger
๐ Tonya's Morning Routine: Anticipation and preparation
๐กDigging into the SOP can make you a more confident and knowledgeable lender
Itโs 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.
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This week, we've got:
๐ฐ Loan access for individuals on probation or parole
๐ Tonya & Team bring home Awards
๐ก "You are worthyโ - SBA tip of the day
Itโs 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. -
Weโve got:
๐ฐ Funding Circle SBLC License Drama
๐ Power of Just Showing Up
๐ก Answering Your Questions: 10% down on Business acquisitions
Itโs 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. -
Weโve got:
๐ฐ Top Stories - CEO of a top 5 SBA 7(a) lending resigns from his post
๐ the SBA's favorite topic: broker fees!
๐กHow business acquisitions are financed
Itโs 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. -
๐Senators Express Concerns Over SBA Direct Lending, and more
๐ฐ Top Stories | Senators are not ok with Direct Lending
๐ "Lost in Translation" with Tonya
๐ก Small-dollar franchise projects need more capital access
Itโs April 2, 2024 and this is SBA Today.
Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. -
๐ Q1 SBA Loans by Type, Tax Transcript Issues, & more! ๐
๐ฐ Top Stories - What types of loans did SBA lenders do in Q1 this year?
๐ How are you PARTNERING with your Brokers?
๐ก Tonya and Paul have a frank conversation about Rates
Itโs March 26, 2024 and this is SBA Today.
Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. -
๐ SBA Wants to be a Direct Lender, Shutdown Looming, & More
๐ฐ Todayโs top stories ๐ฐ
๐ธSBA getting into direct lending โ๏ธ
๐ธ Women-owned business: what are the latest stats?
๐ธ Stop the madness - another looming shutdown??
Itโs March 19, 2024 and this is SBA Today.
Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.
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๐ Free Leads & No More Government Shutdowns?
๐ฐ Top Stories
-Lender Match Overhaul
-Hope that we never have to worry about a govt shutdown again!
Itโs March 5, 2024 and this is SBA Today.
Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. -
๐ Why Deals Don't Close, Mr. Wonderful on Business Developers๐
Todayโs top stories:
๐ธWhy deals donโt close, #1 will be a shocker!
๐ธMr. Wonderful even says Business owners and developers do this.
๐ธThere is a BOMB brewing in Capital Hillโฆ
Tune in today at 2pm EST here on LinkedIn as well as our YouTube channel for the scoop. -
And the top state for Small Business isโฆ
๐ฅ drumroll please
Tune in to SBA today to find out!
Also: 34% of business owners are not happy about the economy. Tonya Mazurek and Paul T Long break down some key statistics.
Stay up to date on the latest developments by tuning in to SBA Today. Join Tonya and Paul every Tuesday at 2pm EST on YouTube and right here on LinkedIn.
#SBA #SmallBusiness #sba504 #plp #SBAToday #sba7a -
๐ Ban the Box Initiative, business acquisition lending, & more ๐
Weโve got:
๐ฐ Top Stories - What is this whole #BantheBox movement, and how does it apply to SBA lending?
Also:
๐๐ผ How hot is business acquisition lending right now? It may not be what you think. Today we explore the stats courtesy of Lumos Data
Itโs February 6, 2024 and this is SBA Today.
Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. -
๐5 is greater than 35, Looking at Production 2010 to 2023 & More! ๐
Weโve got:
๐ฐ 5 lenders are doing the production of 35 shops from 2010 to 2023! - Tonya and Paul break down the latest news in the SBA industry
๐ก SBA tip of the day
Itโs January 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. -
WaitโฆPPP 2.0 ?! | 01.23.24
๐๐ผ update on the ongoing government shutdown situation (another CR??)
Stay up to date on the latest developments by tuning in to SBA Today. Join Tonya and Paul every Tuesday at 2pm EST on YouTube and right here on LinkedIn.
Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. -
๐ Long Awaited 1919 Form, Dianna Seaborn Retiring!? ๐
The long awaited 1919 form is finally here. And, Dianna Seaborn is retiring!?
Tonya and Paul break it all down on SBA Today.
Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. -
๐The Good, The Bad and The Ugly of 2023 SBA Lending
๐ฐ Top Stories - Tonya and Paul break down the latest news in the SBA industry
๐ Paul's Parables - Holiday Time & Small Businesses
๐ก "What I wish I knewโ - Tips for new Loan Officers
Itโs December 19th, 2023 and this is SBA Today.
Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. -
๐ Unpacking the latest SBA procedural notice
Weโve got:
๐ฐ Top Stories | Tonya and Paul break down the latest news in the SBA industry
๐ Tonyaโs Treasures | Army/Navy...Camaraderie amongst rivals
๐ก "What I wish I knewโ | SBA tip of the day
Itโs December 12th, 2023 and this is SBA Today.
Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. - Visa fler
