Tag Archives: bank fraud

An Unscrupulous SBA Side Deal for a Woman-Owned Business

The only deal known to the SBA and the woman-owned business was straight forward and simple.  The 504 Loan would be used to purchase commercial real estate and complete construction to launch her start-up business of a wedding and event … Continue reading

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How To Submit False Statements To The SBA

Third Party Lender Agreement In the world of SBA 504 Lending a series of certifications or promises to the U.S. Government are required before a government guaranteed loan can be issued. Essentially, SBA Lenders need the permission of the SBA … Continue reading

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How To Destroy The Evidence!

The Freedom of Information Act is a federal law that provides the right to access information held by the federal government.  The law provides that any person has a right to access records of federal agencies. There are exceptions but … Continue reading

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Former SBA Insider Reveals Bank Fraud: Part 1

I first met Dilia Wood through a referral source in the spring of 2006. My name is Kevin Howard, I was the original Loan and Business Development Officer on her loan.  I was working for Southwestern Business Financing Corporation (“SBFC”). … Continue reading

Posted in BBVA Compass, Inspirador, SBA 504 Loan, Southwestern Business Financing Corporation | Tagged , , , , , , | 1 Comment

How to Destroy a Woman-Owned Business. {PART 2: The Extortion Method}

It was from the moment the broken roof trusses were discovered that BBVA Compass and McGee worked in a seemingly calculated manor to conceal the fact that on April 25, 2007 BBVA Compass increased their first lien to $1,400,000 from … Continue reading

Posted in BBVA Compass, Inspirador, SBA 504 Loan, Southwestern Business Financing Corporation, Uncategorized | Tagged , , , , , , , , , , , | 1 Comment

Open Letter to BBVA Compass Bank President and Board of Directors

Open Letter to BBVA Compass Bank President and Board of Directors Dear Mr. Manolo Sanchez and Board of Directors, Please accept this formal invitation to the blog that reveals how your SBA Lending Division lied to the SBA in signed … Continue reading

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