1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Richard Crone Richard Crone is CEO of Crone Consulting LLC, an independent advisory specializing in mobile strategy, personalization and payments.Crone Consulting, LLC has been engaged by every size of financial institution, … Web: www.croneconsulting.com Details The first traunch of the $349 billion in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL) loans earmarked for small businesses by the CARES Act was exhausted in less than six days. Another $310 billion in PPP and $60 billion in EIDL funding is now waiting in the wings.The rush by small businesses to apply for these loans clearly points to a huge vulnerability for those lending to small and medium-sized businesses (SMBs). Community banks and credit unions unable to make these loans, essentially a grant, to small business customers will not be able to shore up their distressed customers, nor even know they are in distress. Few small financial institutions are approved by the Small Business Administration (SBA) to originate these loans; almost none are capable of doing so completely online at scale without a branch visit.The vulnerability is magnified for credit unions serving sole proprietors and micro-businesses that are dependent on core processors and Credit Union Service Organizations (CUSOs) lacking the online capability.More so than in the first round, PPP 2.0 will require digital reach, scale and speed to protect as many qualifying SMB borrowers as possible before the government money runs out again.This all matters because financial institutions already pre-authorized by the SBA to issue PPP and EIDL loans have a distinct advantage, aiding their existing business borrowers first with federally-guaranteed low interest loans that will be forgiven if certain requirements are met. A byproduct of being able to accept the PPP application, regardless of funding the loans or not, is the forward view to what’s to come as the COVID-19 crisis continues.Surprisingly, a major credit union service organization (CUSO) specializing in SBA loans is quoted in CU Management Magazine saying they don’t consider the PPP/EIDL an opportunity for the credit union movement, suggesting to “…refer members who want those loans to another lender, typically a larger bank or credit union that is already an approved SBA lender.” Why would a financial institution refer an existing borrower to a competitor rather than strengthening their own stressed portfolio with the government-guaranteed PPP/EIDL loans?Referring their own business customers to a competitive financial institution puts both their balance sheet and their client relationships at risk.The SBA creates its own set of bottlenecks. Unfortunately, the SBA’s own web site presumes an in-person applicant, directing SMBs searching for an approved lender to a list of physical branches by zip code, many of which by our test were closed until further notice. No website links to online lenders are provided.A significant challenge is looming for smaller credit unions, not because of making bad loans but because they can’t scale digitally to support their own customers that need help now. Time is of the essence because of the estimated 31 million SMBs qualifying for PPP/EIDLs, many hold less than 10 days’ revenue to cover the payrolls of more than 60 million employees.Woe is the small business that doesn’t have an existing relationship with a digitally-equipped SBA-approved lender. This is demonstrated by the misguided lawsuit brought against Bank of America for prioritizing their existing small business borrowers. Bank of America is actually a shining example for other heritage banks to follow; making the application, origination and funding process totally online without the need to visit a branch and violate social distancing guidelines. Rather than punishing those who were able to stand up the PPP program quickly, attention should be focused on enabling every other lender to do this, including fintechs. The underlying problem is not favoring one’s own customers, it is the fact that only about 1,700 banks and credit unions out of a pool of over 10,000 in the USA are certified to originate the SBA loans. PayPal finally gained SBA approval last week to join them. If Apple can provision an Apple Card in under 3 minutes with Goldman Sachs or Google can open a bank account instantly for any participating financial institution online, then for the greater good maybe fintech innovators should be conscripted now to facilitate online PPP/EIDL loan production, as GM is for ventilators, because this too will save lives & livelihoods. And shouldn’t a financial institution lending to small businesses already meet the standards & requirements for SBA certification? A role for the Defense Production Act?Absent any help from the Defense Production Act, community banks and credit unions must act decisively if they and their SMBs are to benefit from the PPP/EIDL programs, starting by working concurrently on the following steps:Help all your SMBs apply for PPP and EIDL loans, whether or not your institution is an approved SBA lender. Take your cue from accountants that serve SMBs, some of which completed the applications for their clients using the documentation they already produce for payroll, taxes, financial statements, etc.If not an approved SBA lender, then establish immediately a processing relationship with an entity that is, as a referral partner or broker. Ideally you can rely on your current core processor, but if not turn rapidly to those that can turn on the capability quickly on a stand-alone basis.Don’t limit your consideration to old-line legacy processors, you owe it to yourself to also evaluate fintech partnerships, especially for the front-end mobile interface and back-end access to artificial intelligence for straight-through processing with the SBA.Initiate the formal request to be a direct SBA lender so you can eventually supplement referral, broker, fintech and other third-party partnerships pursued above.As any or all of these options are made available, prioritize serving your existing business customers first. Doing so makes it easier to meet the SBA loan requirements and perform due diligence, with the added benefit of foreseeing and forestalling possible challenges in your own lending portfolio, with government loan guarantees.
Keown gave his verdict on the duo (Picture: Action Foto Sport/NurPhoto via Getty Images)‘I think that’s a fantastic bit of business. I have always been a real admirer of Willian.‘When I saw what he has been doing this year at Chelsea with his free-kicks and penalties, he’s so realible.‘He has had his misfortunes with [Eden] Hazard being there. Sometimes he has had to play second-fiddle. Now he is fighting for a place with [Christian] Pulisic.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal‘I know there is a discussion over two or three years [contract], but I think he would be a really good acquisition for Arsenal.‘He comes in with a wealth of experience and I like his work ethic.‘He is someone who will always give you 100% and the right type of player to go into what is a really young Arsenal dressing room.’Who would be the better signing for Arsenal?Coutinho0%Willian0%Share your resultsShare your resultsTweet your resultsFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Comment Metro Sport ReporterSaturday 8 Aug 2020 1:06 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link6.1kShares Advertisement Coutinho and Willian have both been linked to Arsenal (Picture: Getty)Martin Keown believes Arsenal will be better off signing Willian rather than Philippe Coutinho. The Gunners have been heavily linked with moves for both Brazilians, with Chelsea star Willian seemingly on the verge of moving to the Emirates on a free transfer. It’s been suggested that Coutinho could also move to north London on loan next season, with Bayern Munich not planning on signing the Barcelona man on a permanent basis. But Keown feels Willian is the superior signing and thinks he should be the priority if it comes down to a choice between the duo.ADVERTISEMENT‘Coutinho has been linked with virtually everybody and seems, if I am honest, a bit unsettled,’ Keown told The Mirror.AdvertisementAdvertisement‘I think Willian is a safer bet. He’s in the capital, he knows the Premier League very well and he’s a top performer. I think it’s a huge loss for Chelsea. Willian or Coutinho? Martin Keown sends transfer advice to Mikel Arteta Advertisement
Russian shipping major Sovcomflot (SCF Group) has signed a new USD 252 million credit facility to finance a series of six Aframax tankers.The tankers, which were purpose-designed to be powered by liquefied natural gas (LNG), are currently under construction and due for delivery from the third quarter of 2018 to the second quarter of 2019.The 7-year credit facility was agreed with a consortium of six banks, including ABN AMRO Bank, BNP Paribas, Citibank, ING Bank, KfW IPEX-Bank and Société Générale.Each 114,000 dwt tanker will have an ice class 1A hull, enabling safe year-round export operations from regions with challenging ice conditions, such as the Baltic. Two vessels will work exclusively for Shell under time-charters for up to ten years, while Shell will also provide LNG fuel for all the six tankers in the series across North West Europe and the Baltic.SCF said that the credit facility benefits from a favourable long-term tenor and competitive pricing, reflecting the robustness of the deal structure as well as the ability of the company to raise capital internationally under all market conditions.“This is the second successful debt financing accomplished by SCF Group in 2018, which now allows the company to address in full its financing requirements for the newbuilding programme of 2018-2019,” Nikolay Kolesnikov, Senior Executive Vice-President, Chief Financial Officer of SCF Group, said.SCF informed that these vessels set new environmental standards for the global tanker industry through adopting cleaner-burning LNG as a primary fuel for Aframax tankers.
LifestyleRelationships What If You’re “Ready” … and He’s NOT?. by: – July 15, 2011 By GalTimer Michelle StricklandAfter a couple of years of dating, I thought for sure that next Christmas was IT, the day he would propose. We had already moved in together, we even discussed marriage, so what was left? Well, the ring! Christmas came, we had all finished opening up our presents and then he said to me, “Oh wait! There is one more gift hiding”. Could it be? Nope!Don’t get me wrong; it was a beautiful necklace, however, not the piece of jewelry that would bring us to the next level of our relationship. So, I was a bit disappointed, but thought of it as no big deal… we still loved each other and that’s all that mattered. Right? Or am I just settling?What was so special about him that I felt that getting a ring was really no big deal? (no big deal….to him or to me?) Every girl dreams about their wedding day, so why can’t I have it? No, I really do love him. He is worth the wait….I think.So, a few years later, I received an unexpected surprise. Nope, STILL not a ring. A positive pregnancy test. I told my husband (boyfriend at the time) that I didn’t want to get married just because I was pregnant. Plus, I didn’t want to have a basketball belly walking down the aisle. So, we continued the dating life. A little over a year later, he did it….he proposed! He involved our son and everything. It was really cute. It felt like forever for our wedding day to come (6 1/2yrs!). I’ll admit that, at times throughout the years, I felt like maybe it was not going to go anywhere so I should just move on and find somebody who was ‘ready’ like me. But that only seemed unfair to him. Maybe he would want to get married at some point but just wasn’t ready. Was that a reason to bail just because I had a timeline?Now on the other hand, my sister has been dating her boyfriend actually even LONGER than my husband and I did (almost 7 years). I can tell she is getting impatient and disappointed every year when a special occasion arrives or she has a “feeling” only to be let down. I feel for her because she is at the point where she pretty much has her whole wedding planned out; she just needs her groom!I think she is in the same position as I was… she DOES love him but feels she is more ready than he is. He is not showing much interest or any signs of an upcoming engagement, unless he has something up his sleeve and is doing a good job throwing her off track. She doesn’t know what to do.She does admit sometimes she would be scared to go back into the dating world. Is that a way for her to admit she is settling? I’m sure they will end up married and happy sooner or later, I just hope for her sake it’s not later.Is getting married really overrated? Is it all that everybody makes it out to be? So far, in my experience, yes. I am happy where I am today and definitely glad we finally took the “plunge”. Is marriage for everyone? How long is too long to be in a relationship without a sign of a proposal? When is the time to say enough is enough and kick ’em to the curb? Tweet Share 26 Views no discussions Sharing is caring! Share Share
The South Decatur Cougars defeated The South Ripley Raiders in Varsity Volleyball play 25-23, 11-25, 25-19, 25-18.SR vs. SD VB (8-28)‘The girls had a great game from the net and from behind the line serving tonight. They played well together and were able to adjustto a variety of different techniques that were thrown at them from the other side of the net.’ SD Coach Lisa Bennett.Courtesy of Cougars Coach Lisa Bennett
The BMS 7th Grade Volleyball team travelled to Jennings County and lost 25-17, 25-10. The team played strong in game one, but lost momentum in game two. Kaylin Hinners led all servers with 5 points. Kaylie Raver added 3 points. While Laura Schwegman added 2 points, and Margaret Wilson earned one point for the Bulldogs.The BMS 8th Grade lost game one to Jennings County 25-13. Then in game two the Bulldogs were down 12-0 and brought it back to 15-10, but lost 25-17. Tiiffany Hawker earned 8 service points from the line. Laney Walsman chipped in 3 points. While Kennedy Westrick and Samantha Kessens each added 2 service points. In the front row Cayman Werner earned 2 kills. Kaitlyn Sarringhaus and Laney Walsman each earned a kill.Courtesy of Bulldogs Coach Angie Ehrman.
Clarksville, In. — A wheel which came off a vehicle traveling southbound on I-65 resulted in the fatality of a northbound motorist.The preliminary investigation reveals that at approximately 12:50 pm this afternoon, Peter D. Gaetano, 51, of Covert, Michigan was driving his blue, 2016 GMC pickup truck southbound near the 2.8 mile marker when the rear driver’s side wheel came off his vehicle as he was traveling in the third lane of I-65 just north of Eastern Boulevard. After breaking loose from the vehicle, the wheel became airborne, crossing over the concrete median wall and into the northbound lanes of I-65. The wheel collided with a white Chevrolet pick-up truck driven by Olivia Kustes,18, of Rineyville, Kentucky, causing fatal injuries. The pickup truck continued north into the righthand emergency lane and appeared not to be stopping. A commercial vehicle driver, Alvin P. Logan, 45, Chicago, Illinois, realized the vehicle was not stopping and placed his semi-truck in front of the vehicle driven by Kustes and slowly brought it to a stop on the right side of the interstate.Clarksville City Police units were first to arrive on scene and requested the aid of Indiana State Police crash reconstructionists who are investigating the crash.The two right-hand lanes of I-65 northbound remained closed until approximately 4:00 pm.Olivia Kustes was pronounced dead at the scene of the crash by the Clark County Coroner’s Office.
Mithali has plenty of records in her ODI career. She is the only batter to score over 6500 runs and has played in the most games with 198. She has the fifth highest tally for centuries with seven while she is the only Indian player to have featured in both World Cup finals in 2005 and 2017, both of which India lost to Australia and England.Recently, India women’s cricket team was plagued by a spat between Mithali and Harmanpreet Kaur as the veteran was left out of the crucial Twenty20 semi-final encounter against England in the West Indies. Ramesh Powar, who was the coach at that time, had said Mithali was ‘aloof’ and ‘difficult to handle’. Mithali’s manager called Harmanpreet ‘undeserving’ as a captain and accused her of being a liar. However, Mithali said she has moved on and under a new coach WV Raman, Indian cricket would be aiming to make good strides.Mithali’s presence in the Indian team, for close to 20 years now, is a grand testament to her longevity and consistency. It is time to acknowledge Mithali’s greatness, not just for her contributions for the Indian team but for her overall contribution to women’s cricket. Mithali Raj has been part of two World Cup finals.Mithali has scored over 6500 runs in ODIs, the most by a player.Mithali has played 198 ODIs, the most by a woman cricketer. highlights New Delhi: When one talks about international players from the 1990’s who are still active playing cricket in 2019, the immediate answer would be no. However, most cricket fans will forget to mention the name Mithali Raj. Mithali, considered to be one of the greatest women cricket players of all-time, recently created history during the India vs New Zealand ODI in Napier. She did not bat or bowl in a game which India won by nine wickets thanks to Smriti Mandhana’s century. However, Mithali’s presence at McLean Park created history. The game in 2019 was Mithali’s 19th year and 212th day as an international cricketer, breaking the record of 19 years and 195 days set by Ireland’s Clare Shillington.Mithali made her ODI debut on June 26,1999 against Ireland at Milton Keynes. The right-hander immediately made an impact on debut as she blasted 114 to help India reach 258/0 in 50 overs and they won the match by 161 runs. The knock by Mithali set the trend where she would break plenty of records in a career which witnessed plenty of peaks and some lows.The right-hander, born in Jodhpur, made her Test debut in 2002 and she created history when she smashed 214 against England at Taunton to help India draw the two-match series 0-0. The knock by Mithali established her as one of the best players in that era. The mark was emulated by Pakistan’s Kiran Baluch who smashed 242 against West Indies in Karachi in 2004. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.
Published on April 8, 2014 at 3:03 am Contact Phil: firstname.lastname@example.org | @PhilDAbb It didn’t matter that Brittney Sykes has been relegated to crutches for the time being. Or that Brianna Butler missed 14 shots as Syracuse’s season ended at the hands of Kentucky. Or even that Rachel Coffey will not don an Orange uniform again.Syracuse set a goal for itself at media day in October: to finish in the Atlantic Coast Conference’s top five, and the Orange nailed it.Despite the heartbreak that usually accompanies the end of each season, it didn’t take long for head coach Quentin Hillsman and his players to sit back, take a wide glance at their year and smile as they reflected on what they achieved and what’s to come.“We kind of knew who the powerhouse teams were in the ACC and we wanted to be one of them,” Sykes, a sophomore, said. “To finish fifth is a statement in its own and shows that we are a force to be reckoned with.”Syracuse (23-10, 10-6 ACC) placed fifth in the ACC, won a game in the conference tournament and won an NCAA tournament game for the first time in program history. The Orange earned a No. 6 seed and defeated Chattanooga — even while losing Sykes to a torn ACL and meniscus — before falling to third-seeded Kentucky in the second round.AdvertisementThis is placeholder textThis Syracuse team scored more than any other in Hillsman’s eight-year tenure, and hit its goal of double-digit ACC wins.“I think everything we set out to accomplish, we did,” Hillsman said. “All the things that we’ve done this season, that our players have accomplished, have been tremendous.”In 2012–13, Syracuse finished 24-8 with the best winning percentage in school history. Much of that success came from the dominance of center Kayla Alexander, who left SU as the program’s leading scorer, as well as starting guard Elashier Hall and Carmen Tyson-Thomas.Still, the Orange went on to make program history this season and is poised to build on that success next year.“They are young, and they’ve been through so much already,” senior point guard Rachel Coffey said. “I think they’re all ready.”Had Syracuse lost three or four games in its 13-game nonconference schedule, Hillsman said he still would’ve declared it a great stretch.Even better, the Orange lost just two before the start of ACC play.On Nov. 30, sophomore Brianna Butler dropped 29 points to lead SU to an upset of No. 12 Texas A&M, highlighting a nonconference slate that shot Syracuse up to a program-high No. 20 ranking in the Associated Press Top 25 poll and preparing SU for its rigorous ACC schedule.“When you’re not playing good enough competition,” Hillsman said, “you kind of get a false sense of reality of how good you are, and I didn’t want our kids to have that.”The Orange’s first go-round in the ACC had its highs and lows.It took three tries to notch the first conference win. Duke coasted to a 33-point win. Notre Dame, which still hasn’t lost, blew out the Orange by 37. And only one of SU’s six ACC losses was by a single-digit margin.“We just have to use those games as incentive to get better,” Butler said. “Look at what we did wrong, and try to improve on that for next year.”But after a 1-3 start to conference play, SU rattled off two separate four-game winning streaks — one of which included an upset of No. 6 North Carolina — to earn the fifth seed in the ACC tournament before advancing to the second round.In the first round of the NCAA tournament, the Orange faced its biggest obstacle of the year in watching Sykes, SU’s leading scorer, hit the hardwood with her torn ACL and meniscus in the second half against Chattanooga — and then having to continue the game.SU collected itself and prevailed by six points, and in the next round fought Kentucky down to the wire before ultimately falling short.“We knew with her being out, we had to come together,” Coffey said, “and I think we really played team basketball.”In addition to losing two starters in Coffey and center Shakeya Leary, as well as reserve guard La’Shay Taft, the Orange may very well have to begin next season without Sykes.Sykes has yet to undergo surgery on her right knee, so a timetable for her return is uncertain.“It’s tough to say,” Hillsman said. “Some people take longer, then you got Adrian Peterson. I’m not going to bring her back until she’s ready to play.”At the beginning of next year, the annual questions will resurface about how the Orange will move on, this time from another historic season.Sykes has her answer already.“Everybody was trying to figure out what we were going to do when we lost Kayla, Lacie and Carmen. Same thing,” Sykes said. “For any team, they should have full confidence that they’re going to come back great and I believe in my team.“Obviously, we made up for it. We’re going to make up for it again.” Comments Facebook Twitter Google+