Fraud Friday — Family Affair: Couple and Sister-in-Law Plead Guilty in $19 Million Real Estate Loan Fraud Scheme
April 25, 2025 Bob ColemanFounder & Publisher Fraud Friday: Family Affair: Couple and Sister-in-Law Plead Guilty in $19 Million Real Estate Loan Fraud Scheme In a tangled web of deceit spanning Massachusetts and Connecticut, a husband, wife, and sister-in-law have been caught orchestrating a massive $19 million loan fraud conspiracy. The scheme, which unraveled this…
Read MoreSBA 7(a) Small Loans and the New SOP 5010 8 — 5/14
A Comprehensive Review: Writing the Credit Memo for Loans Less than $350k and $50k A Coleman WebinarDate: Wednesday, May 14, 2025 Time: 2:00 p.m. EasternIncludes e-certification & recording The new SBA SOP 5010 8 has redefined the Administration’s version of its small loan program. Reduced to $350,000, there are special rules lenders may utilize for…
Read MoreMarty Teckler Joins Starfield & Smith, Accion Passes $1 Billion in Fundings
April 24, 2025 Bob ColemanFounder & Publisher Marty Teckler Joins Starfield & Smith, Accion Passes $1 Billion in Fundings Marty Teckler Joins Starfield & Smith The national expert in SBA SBLC and SBIC licensing has joined the SBA Industry’s boutique law firm of Starfield & Smith as Senior Counsel. With over 30 years of experience,…
Read MoreTakeaways from SBA 7(a) Quarterly Connect Call
April 23, 2025 Bob ColemanFounder & Publisher Takeaways from SBA 7(a) Quarterly Connect Call My takeaways from yesterday’s SBA quarterly connect call: First, congratulations to SBA for improving its production values. It was an excellent choice to have Administrator Kelly Loeffler lead off, giving an overview and explanation of why the changes were implemented. You…
Read MoreSOP 5010 8 SBA Underwriting After Elimination of the “Do What You Do” Rule — 4/29 & 5/22
SBA SOP 5010 8 Webinar 4/29 and 5/22 at One Low Fee — SBA Underwriting After Elimination of the “Do What You Do” Rule A Coleman WebinarDates: Tuesday, April 29 & Thursday, May 22, 2025Time: 2:00 p.m. EasternIncludes e-certification & recording ….. This Just In: SBA’s new SOP 5010 8 reimposes lender underwriting guardrails and…
Read MoreSBA Releases New SOP 5010 8 (Download Here!) RIP “Do What You Do”
April 22, 2025 Bob ColemanFounder & Publisher SBA Releases New SOP 5010 8 (Download Here!) RIP “Do What You Do” All new materials from SBA available for download: In the first major rewrite of SOPs in 5 years, SBA has wholeheartedly rejected the “do what you do” rule and has returned guardrails to the SBA…
Read More“Do What You Do” Rule Eliminated for Equity Injection Documentation
April 22, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — “Do What You Do” Rule Eliminated for Equity Injection Documentation This revision from last week’s procedural notice marks the first signal of the Administration’s intent to modify the “do what you do rule.” The Shift in Requirements The updated policy represents a significant…
Read More33% of Small Businesses Say Paying Debt is a Challenge, 51% Concerned about Uneven Cash Flow
April 21, 2025 Bob ColemanFounder & Publisher Main Street Monday — 33% of Small Businesses Say Paying Debt is a Challenge, 51% Concerned about Uneven Cash Flow Our final installment of interesting statistics from the Federal Reserve Bank’s small business credit survey: Rising costs of goods, services, and wages remain the most commonly reported financial…
Read MoreBlueacorn’s Stephanie Hockridge Trial Slated for May 15th
April 18, 2025 Bob ColemanFounder & Publisher Fraud Friday — Blueacorn’s Stephanie Hockridge Trial Slated for May 15th With one of Blueacorn’s co-founders scheduled for trial next month, I am beginning a series of Fraud Friday reports examining PPP loan fraud. History may very well judge this as the most egregious PPP loan fraud case.…
Read MoreMovers & Shakers — Omar Morel (Sunwest Bank), Michael Carlson (Mission Valley Bank), Jason Hampton (PlainsCapital Bank) and Jordan Payne (Countybank)
April 17, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Omar Morel (Sunwest Bank), Michael Carlson (Mission Valley Bank), Jason Hampton (PlainsCapital Bank) and Jordan Payne (Countybank) Sunwest Bank Adds Omar Morel as SVP, Director of Government Guaranteed Lending “We are thrilled to promote Omar as the Director of Government Guaranteed Lending,” says Carson…
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