In this episode of SBA Today, hosts Paul Long and Tonya Mazurek delve into pressing matters concerning SBA funds, specifically the disaster loan program following hurricanes in Florida. Their conversation covers critical financing programs, the necessity for Congress's action on additional funds, and the strategic importance of staying ahead even as the fiscal environment presents uncertainties like potential government shutdowns. Paul and Tonya discuss in detail the distinct features between SB...
Oct 23, 2024•24 min
Paul Long and Tonya Mazurek bring the latest insights from SBA Today, emphasizing the importance of understanding the "why" behind lending practices. They explore the significance of sharing loan success stories within teams and how this can enhance purpose-driven work. They also unravel details from the recent SBA Connect Call, highlighting topics such as loan guarantee stats, working capital pilot programs, and subordination on EIDLs. This episode blends practical advice with insightful commen...
Oct 15, 2024•17 min
📰 It’s a new Year!! You are all at 0.00 Congrats! So who won the award? 📰 SBA Guzman testify at the Small Business Committee 💡 What would you say? Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. Are you a business owner or prospective business owner? Let’s see how we can help you. If your business or perspective business is in: Washington, Oregon, or Idaho contact: Paul Long at Gesa Credit Union plong@gesa.com Colorado, Texas, Missouri, ...
Oct 09, 2024•19 min
📰 It’s a new Year!! You are all at 0.00 Congrats! So who won the award? 📰 SBA Guzman testify at the Small Business Committee 💡 What would you say? Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. Are you a business owner or prospective business owner? Let’s see how we can help you. If your business or perspective business is in: Washington, Oregon, or Idaho contact: Paul Long at Gesa Credit Union plong@gesa.com Colorado, Texas, Missouri, ...
Oct 02, 2024•17 min
📰 They lowered rates! 💡 Some Small Business Lending Stats, How Paul and I do it at our shops 📖 New Feature on SBA Today: “What would you do?” Sources: NBC News | https://www.nbcnews.com/business/economy/interest-rate-cut-federal-reserve-decision-how-much-rcna171453 Brett Caines | https://www.linkedin.com/in/brett-caines-lumos/ Lumos Data | https://lumosdata.com/ Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. Are you a business owner or ...
Sep 24, 2024•17 min
We’ve got: 📰1 Month away from end of SBA year: Live Oak vs Newtek 💡 Has the time to close a business acquisition is going DOWN? We will tell you why. 📖 The Weirdest Place you have met a client Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. _____________________________________________________________ Are you a business owner or prospective business owner? Let’s see how we can help you. If your business or perspective business is in: Was...
Sep 18, 2024•13 min
We’ve got: 📰Small Businesses with EIDL Debt Have Difficulties Getting the Financing They Need 💡SBA to host Third Annual Small business Cyber Summit During Cybersecurity Awareness Month 💬 Open Discussion: How to know if your lender or borrower is lying to you? Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer. _____________________________________________________________ Are you a business owner or prospective business owner? Let’s see how w...
Sep 11, 2024•19 min
We’ve got: 📰 Is business better on the West side of the country? 💡 What do buyers look like by each deal size Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.
Sep 04, 2024•17 min
📰 Upcoming Etran Technical Enhancements Started August 22nd… 💡 Extension Of Lender Records Retention Requirements It’s August 27th, 2024 and this is SBA Today. Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.
Aug 27, 2024•14 min
We’ve got: 📰Lumos predictions on small business loan losses over the next year.. 📰Guzman announces signing of memorandum between SBA OVBD and VA/VBA (OMG the acronyms!) 💡Tonya’s SBA/VA acronym rap song… It’s August 20th, 2024 and this is SBA Today. Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.
Aug 22, 2024•11 min
📰 SBA Announces new Round of Applications for Community Advantage SBLC Licenses. We'll also look at industries impacted by high unemployment. 💡Talking Tombstones and which is better: 504 or fixed rate 7a? It’s August 13, 2024 and this is SBA Today. Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.
Aug 16, 2024•19 min
Key Takeaways Importance of Consulting SBA Lenders: During four critical business phases—startup, expansion, acquisitions, and rapid growth—seeking advice from SBA lenders can be pivotal. Export Loan Guarantees: SBA programs offering 90% guarantees for export loans can significantly lessen the perceived risk for banks. Veteran Benefits: New bipartisan legislation is aimed at providing veterans starting businesses in underserved communities with substantial tax credits....
Aug 16, 2024•16 min
We’ve got: 📰 Get Ready! Small Business Loan losses will be higher that the last 10 years 📖 SBA Lender at a Dental Practice 💡 Sellers are more willing to offer seller financing and Earnouts Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.
Aug 16, 2024•18 min
📰 New Working Capital Program - What We Know 📖 “A dog is a dog is a dog” 💡 The Scoop on the Restaurant Industry Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.
Aug 16, 2024•17 min
We’ve got: 📰 IBusiness Funding purchased Funding Circle, Best and Worst Performing Industries for SBA Lending 💡Lender Receivables is Going away in ETRAN. It’s July 2nd, 2024 and this is SBA Today. Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.
Aug 16, 2024•12 min
We’ve got: 📰 Diving into the SBA Connect... Reader's Digest Style 💡 Clients may be using your bank for deposits BUT not much else…. It’s July 16th, 2024 and this is SBA Today. Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.
Aug 16, 2024•21 min
We’ve got: 📰 Top Stories - Restaurant Sales Prices are Up 💡 During Job Interviews, Employers say recent college graduates have… 📖 Tonya's Stories from Abroad Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.
Aug 09, 2024•20 min
This is SBA Today! With the latest news, stories, and advice with your hosts, Paul Long and Tonya Mazurek. 📰 Top Stories - Ready Capital acquired a big USDA Lender 💡 Sellable vs. Non-sellable businesses Disclaimer: The views expressed on this show are our own and not necessarily the views of our employer.
Aug 09, 2024•16 min
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 propo...
Jun 25, 2024•15 min
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 $20...
Jun 12, 2024•15 min
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 commerc...
Jun 04, 2024•18 min
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 ca...
May 31, 2024•21 min
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.
May 14, 2024•20 min
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.
May 07, 2024•15 min
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.
Apr 30, 2024•18 min
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.
Apr 24, 2024•16 min
🔔Senators Express Concerns Over SBA Direct Lending, and more 📰 Top Stories | Senators are not ok with Direct Lending 📖 "Lost in Translation" with Tonya 💡 Small-dollar franchise projects need more capital access It’s 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.
Apr 03, 2024•13 min
🔔 Q1 SBA Loans by Type, Tax Transcript Issues, & more! 🔔 📰 Top Stories - What types of loans did SBA lenders do in Q1 this year? 📖 How are you PARTNERING with your Brokers? 💡 Tonya and Paul have a frank conversation about Rates It’s 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....
Mar 29, 2024•19 min
🔔 SBA Wants to be a Direct Lender, Shutdown Looming, & More 📰 Today’s top stories 📰 🔸SBA getting into direct lending ⁉️ 🔸 Women-owned business: what are the latest stats? 🔸 Stop the madness - another looming shutdown?? It’s 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.
Mar 20, 2024•15 min
🔔 Free Leads & No More Government Shutdowns? 📰 Top Stories -Lender Match Overhaul -Hope that we never have to worry about a govt shutdown again! It’s 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.
Mar 11, 2024•15 min
