Small Business Administration Archives

Everything You Wanted To Know About SBA Loans

May 1, 2023 by Mike

Gwinnett Studio

Everything You Wanted To Know About SBA Loans

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Regions Business Radio” covers financial topics such as banking and lending, mortgages, wealth management and more. The program also allows listeners to get to know some of the top executives from Regions Bank.

Hosted by J.D. Mealor, Senior Vice President and North Georgia Market Executive, all episodes of “Regions Business Radio” are available for download on Apple iTunes, iHeartRadio, Spotify, Google Podcasts, or wherever you enjoy your favorite podcasts.

On this episode, J.D. discusses SBA loans with Caroline Taylor, SVP of Credit Products and Head of Small Business Admin with Regions Bank.

Caroline Taylor/Regions Bank

The U.S. Small Business Administration is committed to furthering the growth and development of small businesses. One of the ways it does this is by guaranteeing loans to small businesses made through lending partners nationwide. Regions Bank is both an SBA Preferred Lender and one of America’s most experienced SBA lenders. The SBA does not make loans directly to small businesses. Rather, it sets guidelines for loans, which are made by lending partners nationwide, including banks and economic development organizations. For the SBA(7)a and SBA Express loans, the SBA guarantees a percentage of the loan, minimizing risk to the lending partners and increasing the possibility that small businesses will receive the funds they need. Please contact a Regions banker to discuss qualification criteria, potential fees, and whether an SBA loan can fit your business needs. All loans and lines of credit are subject to credit approval.

About Regions:

Regions Financial Corporation (NYSE:RF), with $145 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest, and Texas, and through its subsidiary, Regions Bank, operates approximately 1,400 banking offices and 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.

This information is general in nature and is provided for educational purposes only. Regions makes no representation as to the accuracy, completeness, timeliness, suitability or validity of any information presented and Regions does not accept liability for any direct or indirect loss stemming from the application of any material. Information provided and statements made by employees of Regions should not be relied on or interpreted as accounting, financial planning, investment, legal or tax advice. Regions encourages you to consult an appropriate professional concerning your specific situation and irs.gov for current tax rules.

Nichols Cauley Roundtable on SBA Coronavirus Relief Programs for Businesses, with Keith Daniel, William Sammons, and Tim Veal

April 5, 2020 by John Ray

North Fulton Business Radio

Nichols Cauley Roundtable on SBA Coronavirus Relief Programs for Businesses, with Keith Daniel, William Sammons, and Tim Veal

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Nichols Cauley Roundtable on SBA Coronavirus Relief Programs for Businesses, with Keith Daniel, William Sammons, and Tim Veal (“North Fulton Business Radio,” Episode 209)

Nichols Cauley partners Keith Daniel, William Sammons, and Tim Veal join “North Fulton Business Radio” to discuss the EIDL (Economic Injury Disaster Loan Emergency Advance) and PPP (Paycheck Protection Program), two major components of the SBA’s Coronavirus Relief initiative for businesses. The host of “North Fulton Business Radio” is John Ray and the show is produced virtually from the North Fulton studio of Business RadioX® in Alpharetta.

Keith Daniel, CPA

Keith A. Daniel is a Shareholder in the Atlanta office of Nichols, Cauley, where he performs Audit, Tax and Management Consulting Services for closely held, middle market businesses. While he has worked with businesses in many industries, Keith is primarily focused on companies with both domestic and international operations involved in manufacturing, distribution, construction, and healthcare.

William Sammons, CPA, CIA

William Sammons is Managing Partner of the Atlanta office of Nichols Cauley and a 30+ year veteran of the firm. William’s area of expertise cover assurance, tax planning and preparation, tax credit consulting, mergers and acquisitions, debt refinance, and business organization and re-organization. William is an experienced advisor to family-owned businesses, entrepreneurs, construction concerns, manufacturing and distribution companies, and financial institutions.

Tim Veal, CPA, CITP, CIA, CISA, CRMA, CGMA, CRCM

Tim Veal is a Shareholder in Nichols Cauley and a 30+ year veteran of the firm. His areas of expertise includes audit, internal controls and risk assessment, information technology, regulatory compliance, tax matters, and strategic planning. Tim has noted industry expertise in financial institutions, construction, and family-owned businesses.

Nichols Cauley & Associates

Devoted to the financial success of their clients, Nichols, Cauley and Associates offers a diverse range of financial services. The firm was honored to be named one of Atlanta’s fastest-growing accounting firms in 2018 by the Atlanta Business Chronicle.

Nichols, Cauley, & Associates is a public accounting firm with office locations in Calhoun, Canton, Dalton, Dublin, Kennesaw, Peachtree Corners, Rome and Warner Robins, Georgia and Wildwood, Florida. Although they operate out of several office locations, they work as a team, utilizing the professionals best qualified to perform services for our clients.

This team approach the firm uses in their client relationships is evident in all they do. By utilizing the team approach they become partners with our clients and develop long-term relationships that foster a “win-win” environment for all parties.

There is more to accounting than numbers and compliance. Accounting is the language of business. It is the communication between business people who may desire different goals and outcomes. By becoming a useful participant on a client’s team, Nichols Cauley is able to identify what clients desire for their life or their business. They then help develop a plan of action which helps clients communicate and achieve their goals, and measure their performance against those goals.

For more information, go to the Nichols Cauley website. For specific information on email directly. or email them at a call 800-823-0117.

Questions and Topics in this Interview:

CARES Act
SBA Coronavirus Relief Programs for Businesses
EIDL -Economic Injury Disaster Loan Emergency Advance
PPP – Paycheck Protection Program
Small Business Administration (SBA)
SBA Loans
SBA loan processing
PPP loan forgiveness

North Fulton Business Radio” is produced virtually from the North Fulton studio of Business RadioX® in Alpharetta. You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, iHeart Radio, Stitcher, TuneIn, and others.

Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has grown to become one of the Southeast’s strongest financial institutions with over $13 billion in assets and more than 190 banking, lending, wealth management and financial services offices in Mississippi, Alabama, Tennessee, Georgia and Florida. All of Renasant’s success stems from each of their banker’s commitment to investing in their communities as a way of better understanding the people they serve. At Renasant Bank, they understand you because they work and live alongside you every day.

Small Business Administration

February 10, 2015 by angishields

Midtown Business Radio

Small Business Administration

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Small Business Administration

This week I hosted Small Business Administration’s Southeast Regional Administrator, Cassius Butts and Sherry Kinard, Vice President and Manager of Government Guaranteed Lending of Brand Bank. They came by the studio to talk about their State of the Region event held the previous week where they shared information about the variety of indicators that show the economy of the Southeast is on the rise.

As the SBA’s media announcement of the State of the Region Address announcement quoted Cassius, “I am honored to present the SBA Inaugural State of the Region Address. This regional event is timely and encouraging to our economy as we have backed $4.5 billion in loans in the Southeast Region this past fiscal year. Our financial economic forecast looks promising and I am excited to portray where we are now and how we plan to influence our small businesses and lending institutions looking forward,” says Regional Administrator Butts. The regional address will present successes and new data from Region IV of the SBA: Georgia, Alabama, Florida, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee.

Sherry talked about how Brand Bank partners with Small Business Administration to help small businesses gain access to capital needed to make their businesses run. We talked about the variety of mentoring services available for entrepreneurs that will link them up with experienced, successful business executives who can help them craft an effective business plan and insure they have their proposal in order before seeking a small business loan.

We’re pleased to support the business community by giving them a voice in the media through which they can tell their stories and move their businesses forward. And we are happy to collaborate with the Small Business Administration to help them share information that can help entrepreneurs gain access to resources (many of which are free of charge) that can help them have a greater chance of succeeding.

Special Guests:

Cassius Butts, Regional Administrator, Small Business Administration’s Southeastern Region

Masters, Public Administration, Urban Administration, Clark Atlanta University
Fellowship, Presidential Management Fellow, US Office of Personnel Management
Advisor, South Cobb Redevelopment Council
Former Branch Chief, Real Estate Division, US Department of Housing and Urban Development

Sherry Kinard, VP and Manager of Government Guaranteed Lending, Brand Bank

BA, History, Clark Atlanta University
Former AVP, Small Business Lending, One Georgia Bank
Board Member, DEBCO
Recipient, 2008 SBA Pace Setter Award

ION Loyalty Rewards and Small Business Saturday

November 19, 2014 by angishields

Midtown Business Radio

ION Loyalty Rewards and Small Business Saturday

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ION Loyalty Rewards and Small Business Saturday

This week I got to sit down with another pair of movers and shakers in the technology and payment processing/ merchant services space in Atlanta. William Mills of William Mills Agency introduced us to Ronald Herman, founder of Sionic Mobile. We talked about the cool app the company has developed that gives merchants an elegant way to incentivize their customers to keep coming back to patronize their business. The Loyalty app is designed in such a way that as customers spend money they earn “ions” they can then redeem at any participating merchant. I also spoke with Terri Dennison, Georgia District Director of the U.S. Small Business Administration (SBA) about the upcoming Small Business Saturday and Small Business Saturday Night this coming November 29th.

The William Mills Agency has been in the Atlanta area for over 35 years, providing a suite of PR services, with a heavy focus on the financial services/payment processing technology sector. The company provides public relations, crisis management, brand awareness/marketing strategy, and content marketing. The William Mills Agency leadership team is heavily involved in the TAG FinTech Society. FinTech is a group of professionals representing a broad range of financial technologies as well as a variety of roles within the industry, including executive management, solution specialists, sales and marketing, industry entrepreneurs and venture capitalists. William has worked with 500-600+ innovative technology companies. Even so, he was particularly intrigued by the model put forth by Ron Herman and his team at Sionic Mobile; so much so he became a member of the advisory board for the company.

Midtown Atlanta-based Sionic Mobile markets to smartphone consumers and rewards them for every mobile checkout. The mCommerce company utilizes mobile devices, Bluetooth^® beacons and the cloud to connect merchants with nearby, ready-to-spend consumers. The company is the maker and provider of ION — the first, fully digital mobile promotions, gift cards, payments and rewards apps for phones and tablets. Merchants use ION Loyalty^® to increase traffic, sales & margins, reduce credit card fees and get good customers back more often. Users of the ION Consumers use ION Rewards^® to earn IONs at every checkout, then spend them like cash on anything at any time at nearly 40,000 retail locations nationwide. The free apps support iOS and most Android devices.

The Small Business Administration provides a host of services designed to enhance the likelihood of success for small businesses in the US. Their overarching goal is to increase available jobs through helping small businesses (who make up >50% of US business commerce) grow. I got to speak with Terri Dennison of the Small Business Administration about their initiative to support small businesses through the Small Business Saturday campaign, aimed at encouraging US consumers to include local small business retailers in their holiday shopping. SBA encourages America to support local economies shopping small on November 29^th. At the SBA, they know small businesses are vital to the growth and prosperity of the American economy. Since the recession, small businesses have created two out of three new private sector jobs… these firms are largely responsible for America’s 10.3 million new jobs that have led to 56 straight months of job growth. Accelerating our recovery means creating the right environment and implementing the best policies for small businesses to thrive. The entrepreneurs the SBA works with face many challenges, but among the greatest is getting new customers in the door. That’s why the SBA is proud to be part of Small Business Saturday – it’s a perfect time to promote your business and find new customers. On November 29^th, millions of consumers across the country will participate in Small Business Saturday. More than 70 percent of Americans are now aware that two days after Thanksgiving is a day devoted to shopping small. Last year, nearly half of all consumers who knew about Small Business Saturday…. acted on it … spending an estimated $5.7 billion dollars at local merchants across the nation. So we want to continue this momentum… And we’re asking you to help us promote the message that Small Business Saturday is day when buying gifts for the people we love … supports jobs and prosperity in the communities we call home.

We all have a stake in seeing foot traffic increase on Main Street. We want to encourage shoppers to seek out unique, handmade gifts they won’t find at a big-box retailer. And we want to see Internet traffic spike, too, with purchases of “gifts to ship” – and gift certificates from restaurants and service providers. Everyone can spread the word about Small Business Saturday by recommending their favorite local shops and restaurants via Facebook and Twitter. The SBA is helping to spearhead an effort this Nov. 29 to extend the hours, so to speak, by promoting Small Business Saturday Night. We know many of our small businesses are local restaurants and food purveyors…After a busy day of shopping, we want to encourage consumers to patronize their local small business restaurants and favorite watering holes. The SBA is partnering this year with the National Restaurant Association to encourage families who are shopping small to “dine small” at local restaurants Saturday night. Additionally, we’re encouraging small business merchants to extend their hours so they can take advantage increased nighttime foot traffic on Small Business Saturday Night. So I hope we can create some synergy in this effort to keep Small Business Saturday going when the sun goes down. To help in your preparations, I want to direct you to sba.gov/SmallBusinessSaturday where we have holiday marketing tips, ideas and materials … even for entrepreneurs on a limited budget. And use our hashtags on Twitter: #SmallBizSaturday for Small Business Saturday and #DineSmall for Small Business Saturday Night.

Special Guests:

William Mills, Owner of William Mills Agency

BA Communications, Florida State University
Member, Executive Committee of Florida State University College of Communications & Information’s Advisory board
Has been quoted as an expert for Wall Street Journal, USA Today, and Entrepreneur
Contributor for numerous publications

Ron Herman, CEO of SionicMobile

Founder and Former CEO, Urban Informatics Corporation
>19 years of Executive Leadership roles in Technology Start-up to Fortune 500 Companies
Former CEO, Intellione Technologies

Terri Dennsion, District Director, US Small Business Administration Georgia District Office

Former Deputy District Director, US Small Business Administration Indiana District Office
MA Urban Studies, Trinity University
Recipient: Atlanta Business League 100 Most Influential Black Women, 2006-2008
Atlanta Business Chronicle 100 Top Professionals in Banking and Finance, 2007-2011

Cassius Butts with Small Business Administration, Part 2

May 20, 2014 by angishields

Let's Talk Small Business

Cassius Butts with Small Business Administration, Part 2

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SBA Regional Administrator Cassius Butts is back for Part II of the Let’s Talk Small Business interview in honor of Georgia’s Small Business Appreciation Month. In this “real talk” discussion, Cassius delves into greater detail on the programs and opportunities of the Small Business Administration, namely its small business-friendly loan programs and business mentorship services.

Cassius Butts/Small Business Administration

Former banker and strategist Cassius Butts was appointed by President Barack Obama in 2011. He is responsible for delivery of SBA programs in Alabama, Florida, Georgia, Kentucky, Mississippi, North Carolina, South Carolina, and Tennessee. During his appointment, Cassius Butts has managed oversight of two record-breaking years for SBA Lending in Region IV; nearly $8 billion in SBA-backed loans to small businesses within the aforementioned eight states.

Cassius Butts with Small Business Administration, Part 1

May 13, 2014 by angishields

Let's Talk Small Business

Cassius Butts with Small Business Administration, Part 1

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Just in time for Georgia’s Small Business Appreciation Month and in coordination with National Small Business Week, the GMSDC debuts its new radio show, Let’s Talk Small Business with special guest, Cassius Butts, regional administrator of the Small Business Administration. GMSDC President and CEO Stacey Key and MPC Program Director Veronica Maldonado host as Butts shares news on SBA’s recent awards luncheon, mission and programs in the special first segment of a 2-part SBA interview.

Cassius Butts/Small Business Administration