Posts by Coleman Report
Getting Ready for SBA as Your New Regulator
Getting Ready for SBA as Your New Regulator Home Speakers Agenda Registration What you Need to Know about SBA’s New Lender Enforcement Powers, 7(a) Lender Reviews, Fines, Corrective Actions, PARRiS Scores Date: Tuesday, July 16, 2019 Time: 2:00 p.m. Eastern Download a Registration Form Former SBA Office of Credit Risk Management Director/Assistant Associate Administrator for…
Read MoreColeman Report Update! — From Homeless to SBA Borrower Maggie Cook, Natalie Orta, SBA District Manager and America West Host
June 19, 2019 By Bob Coleman Executive Producer, Coleman Report Update!
Read MoreSBA Hot Topic Tuesday — Six Takeaways You Need to Know from America West — New SOPs Announced, SBA Rules for Lender Oversight, Revamped Lender Match, Credit Elsewhere, more….
June 18, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Six Takeaways You Need to Know from America West — New SOPs Announced, SBA Rules for Lender Oversight, Revamped Lender Match, Credit Elsewhere, more…. SBA is updating the SOP 5010 5 and it will be replaced with the SOP…
Read MoreBest Practice Guide to Completing the New SBA Form 1050
Best Practice Guide to Completing the New SBA Form 1050 Home Speakers Agenda Registration Mandatory Changes to Settlement Sheet, Borrower and Lender Certifications Effective July 1 Date: Wednesday, July 3, 2019Time: 2:00 p.m. EasternDownload a Registration Form SBA’s new Settlement Sheet (Use of Proceeds Certification), Form 1050 must be completed correctly by the…
Read MoreMain Street Monday – 25-Year Fixed Rate SBA 504 Loans Hit $1 Billion Milestone in First Year
June 17, 2019 Main Street Monday – 25-Year Fixed Rate SBA 504 Loans Hit $1 Billion Milestone in First Year By Bob Coleman Editor, Main Street Monday As the first year since the kick-off of the 25-year SBA 504 loan program comes to an end, it hits a milestone of over $1 billion in fundings,…
Read MoreFraud Friday — SBA Loan Broker Jailed for 9 Years in $100 Million 7(a) Loan Fraud
June 14, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — SBA Loan Broker Jailed for 9 Years in $100 Million 7(a) Loan Fraud “Our financial system is based on trust,” says U.S. Attorney Robert K. Hur. “Loren Park and his co-conspirators lied during every aspect of the loan process, cheating taxpayers and lenders,…
Read MoreColeman Movers & Shakers — Chris Kwiatkowski, Doras Davila, HomeStar Bank
June 13, 2019 Coleman Movers & Shakers — Chris Kwiatkowski, Doras Davila, HomeStar Bank By Bob Coleman Editor, Movers and Shakers Chris Kwiatkowski named as Director of Government Guaranteed Lending for Sound Bank “SBA Lending is vital to the success of our small business customers and we are excited to have someone with Chris’ proven…
Read MoreColeman Report Update! — Splitting Loans, Puerto Rico Main Street Recovery
June 12, 2019 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — Splitting Loans, Puerto Rico Main Street Recovery This week’s topics: -Splitting Loans -Trae Dorough, Executive Vice President, Touchmark Bank -Omar Marrero, Executive Director, Puerto Rico Public-Private Partnerships Authority -Rodrigo Masses, President, Puerto Rico Manufacturers Association
Read MoreSBA Hot Topic Tuesday — SBA 7(a) Fees Exceed Guaranty Payments to Lenders by Over $1 Billion the Last 4 Years
June 11, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA 7(a) Fees Exceed Guaranty Payments to Lenders by Over $1 Billion the Last 4 Years I want to start an industry-wide discussion about SBA’s budget. The problem is the Administration has inserted a $99 million line-item in SBA’s…
Read MoreMain Street Monday – SBA Announces Fifth Annual Growth Accelerator Fund Competition
June 10, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – SBA Announces Fifth Annual Growth Accelerator Fund Competition The U.S. Small Business Administration announced its fifth annual Growth Accelerator Fund Competition. The SBA will award 60 organizations that provide small businesses with opportunities such as securing venture capital, business plan…
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