Posts by Coleman Report
Coleman Movers & Shakers — Bill Luckinbill, Highland Bank, and Theo Ransum
September 5, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Bill Luckinbill, Highland Bank, and Theo Ransum America First Credit Union Hires Bill Luckinbill as Senior SBA Loan Officer At the Pheonix branch of America First Credit Union, Bill Luckinbill will be responsible for underwriting SBA 7(a) and…
Read MoreSBA C-Suite Tips Wednesday — “Riches in Niches” Know the Trends in the Lending Landscape
September 4, 2019 By Caity Witucki Contributing Editor, SBA C-Suite Tips Wednesday SBA C-Suite Tips Wednesday — “Riches in Niches” Know the Trends in the Lending Landscape Trends in the small business lending industry are affected by supply and demand. During the recession, the problem was with the supply. Lenders were simply not making small…
Read MoreCPR Report: SBA Actual 7(a) Prepays Stay Above 17%
CPR Report: SBA Actual 7(a) Prepays Stay Above 17% September 4, 2019By Bob JudgeEditor, CPR Report Download the CPR Report In June, total prepays, including paid excess principal (ACPR), came in at 17.45%, a 1% decrease from last month’s reading of 17.68%. After correcting for the excess principal being released from the MRF, pool prepays…
Read MoreSBA Hot Topic Tuesday – Inadequate Support for Equity Injection Results in Guaranty Denial
September 3, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – Inadequate Support for Equity Injection Results in Guaranty Denial A recent OIG review of “high risk” SBA 7(a) loans — over $500,000 and defaults within 18 months has resulted in the recommendation of denying the guaranty of two…
Read MoreFraud Friday – “Working Capital” Fits better than “Past Due Payroll Taxes”
August 30, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – “Working Capital” Fits better than “Past Due Payroll Taxes” Former president, chief executive officer and founder of banc-serv, Kerri Agee (aka Kerri Agee-Smith), has been indicted for her alleged role in a 13-year-long conspiracy to defraud the Small Business Administration (SBA). Four…
Read MoreColeman Movers & Shakers — Jake Kuester, Jewon Kim, and Greg Rockenback
August 29, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Jake Kuester, Jewon Kim, and Greg Rockenback Community Reinvestment Fund Names Kuester Director of Credit and Business Operations Community Reinvestment Fund (CRF)– a national non-profit lender– has named longtime business lending expert Jake Kuester as its new director…
Read More2020 SBA Secondary Market Summit
2020 SBA Secondary Market Summit Home Speakers Agenda Registration The 12th Annual Event for SBA Secondary Market Professionals! The only industry event where you can get accurate market intelligence targeted to finance professionals who sell, trade, buy or regulate SBA secondary market paper. Now in its 12th year, the Coleman and Government Loan Solutions’ SBA…
Read MoreSBA Hot Topic Tuesday — Nearly 90,000 Businesses Will Gain Small Business Status Under Adjusted Size Standard
August 27, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Nearly 90,000 Businesses Will Gain Small Business Status Under Adjusted Size Standard On July 18, 2019, the U.S. Small Business Administration issued an interim final rule that adjusts monetary-based small business size standards by nearly 8.4% to reflect…
Read MoreMain Street Monday – Number of Young Entrepreneurs Down to Just 4% According to New Infographic Report
August 26, 2019 Main Street Monday – Number of Young Entrepreneurs Down to Just 4% According to New Infographic Report American entrepreneurs average 400,000 new start-ups each year. However, according to a new infographic report by Lance Surety Bond, one group of entrepreneurs appears to be the exception, young entrepreneurs. The number of entrepreneurs, between…
Read MoreFraud Friday — “They Got Us” CEO of banc-serv Indicted for $10 Million Loan Fraud Scheme”
August 23, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday — “They Got Us” CEO of banc-serv Indicted for $10 Million Loan Fraud Scheme” Allegedly around April 24, 2009, the SBA began to suspect the former president, chief executive officer and founder of banc-serv, Kerri Agee (aka Kerri Agee-Smith), and her co-conspirators were…
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