Posts by Coleman Report

Preparing a Flawless SBAExpress Purchase Demand Kit: Don’t Make These Common 5 Mistakes that Delay Guaranty Payments Home Speakers Agenda Registration Date: Wednesday, November 6, 2019 Time: 2:00 p.m. Eastern Download a Registration Form SBA will fulfill its promise of prompt guaranty payments to SBAExpress lenders, but there is a catch. The SBAExpress Purchase Demand…

October 23, 2019 By Lance P. Martin Certified Specialist in Business Bankruptcy Law, Ward and Smith P.A. Contributing Editor, C-Suite Wednesday C-Suite Wednesday – How to Write an Effective SBA Litigation Plan When an SBA loan goes into default, the SBA requires a lender to commence litigation when the lender concludes that (1) defensive action…

October 22, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Makes Progress to Update Human Capital Management Policies On October 11, 2019, the SBA’s OIG released its annual SBA management report card. The SBA management report card is an important tool that assists the agency in prioritizing…

October 21, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – 65% of U.S. Consumers Feel Good About Supporting Small and Medium Businesses In September 2019, Zendesk released the results of a survey of 1,001 U.S. consumers. The survey showed that small to medium-sized businesses have an advantage over large companies…

October 18, 2019 By Caity Witucki Contributing Editor, Fraud Daily Fraud Friday– Former Aledo bank executive pleads guilty to fraud Last week, former executive vice president and chief loan officer for the failed Country Bank of Aledo, Dana Frye, pleaded guilty to charges of making false statements to the bank. During his appearance in federal…

October 17, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Mark Gibson, FranFund, Inc., and Robert Piechota First Internet Bank Expands SBA Team Mark Gibson has joined First Internet Bank’s SBA lending team as National Sales Manager. Gibson has over 20 years of experience in Small Business Lending,…

October 15, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Small Business Lending Reflects Strong Economic Trends During a connect call presentation last Tuesday, the SBA announced the number of loans approved in the 2019 fiscal year. According to the Office of Capital Access, SBA’s 7(a) loan…

Main Street Monday – Small Business Optimism Levels Dip Slightly, Remain Near Historically High Levels Says NFIB October 14, 2019 By Caity Witucki Contributing Editor According to the NFIB Small Business Optimism Index, small business optimism levels remain high despite dipping 1.3 points in September. However, the NFIB’s uncertainty index rose 2 points in September,…

October 11, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday — What You Can Learn from the Rockford Bank & Trust Fraud Case Jim Graber, 57, Senior Vice President at Rockford Bank and Trust Company Kristin King, 45, Vice President and Government Lending Manager at Rockford Bank and Trust (Source: LinkedIn) In 2017…

October 10, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Mark Davis, Jack Lucas, Cesar Jimenez, and NADCO Mark Davis Joins SBA Team at First Business Bank Mark Davis joins First Business Bank as an SBA Business Development Officer with nearly 20 years of experience in SBA lending.…