Posts by Coleman Report

July 25, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Dina Kroshkin, Arshad Khan, David Brindley, Saint Louis Bank, and Meridian Bank David Brindley Joins Live Oak Bank’s Lending Team “In my new role as Vice President of Small Business Lending, I will be focused on building the…

July 23, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – SBA Inspector General Recommends $3 Million 7(a) Guaranty Denial A recent OIG review of nine “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…

By Mary MillerContributing Editor, Main Street Monday Main Street Monday – House Passes SBA Cyber Security Bills The SBA Cyber Awareness Act and the Small Business Development Center Cyber Training Act, sponsored by Representatives Jason Crow (D-CO) and Steve Chabot (R-OH), were approved by the House on July 15, 2019. The two bills aim to…

Fraud Friday – Former Iowa Bank President Faces 16 Counts of Fraud Release Date: Unknown By: Dominic J Bartolone Contributing editor, Fraud Friday – Former Iowa Bank President Faces 16 Counts of Fraud Former Iowa bank executive, Christopher Goerdt, faces 16 federal charges — including bank fraud, identity theft, and wire fraud — after allegedly…

Coleman Movers & Shakers — Haven Baker, Jason S. Risch, Stephanie Barnhart, Joe Hatchett July 18, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers AVANA BIDCO Inc. Appoints of Haven Baker to Its Board of Directors Idaho bank, AVANA BIDCO Inc., recently appointed Haven Baker to its board of directors. Baker is the…

Coleman Report Update! July 17, 2019 — OIG Guaranty Denial – Ben Koplan of Life Ease By Bob Coleman Executive Producer, Coleman Report Update! This weeks topics include: Two New OIG Guaranty Denials Eligibility Collateral Equity Injection Debt Refinance Projections SBA Life Insurance Update with Ben Koplan

July 16, 2019 SBA Hot Topic Tuesday – SBA Quick OFA Contacts By Caity WituckiContributing Editor, SBA Hot Topic Tuesday OFA Contacts Dianna Seaborn, Director OFA dianna.seaborn@sba.gov Linda Reilly, 504 Division Chief linda.reilly@sba.gov John Wade, Secondary Market Division Chief john.wade@sba.gov Robert Carpenter, Acting 7a Division Chief robert.carpenter@sba.gov Dan Upham, Microloan Division Chief daniel.upham@sba.gov Community Advantage…

July 15, 2019 By Bob Judge Editor, CPR Report CPR Report: Actual SBA 7(a) Prepays Go Above 17% In May, total prepays, including paid excess principal (ACPR), came in at 17.68%, an 8% increase from last month’s reading of 16.41%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came…

July 15, 2019 By Caity WituckiContributing Editor, Main Street Monday Main Street Monday — Digital Tools Grow the Annual Revenues of Rural Small Businesses by More Than $84.5 Billion Per Year Research conducted by the U.S. Chamber of Commerce shows that increased adoption of online tools and digital services could grow the annual revenues of…