Coleman Report
Coleman Movers & Shakers — Marcq Sung, Mark Donovan, and Bruce R. Marks
February 6, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Marcq Sung, Mark Donovan, and Bruce R. Marks Marcq Sung Joins Community Reinvestment Fund Community Reinvestment Fund (CRF) has hired Marcq Sung to be its director of program strategy and development. Sung brings nearly 15 years of experience…
Read MoreC-Suite Tips – Lending Institutions are Takeing Advantage of the New USMCA
February 5, 2020 By Caity Witucki Contributing Editor, C-Suite Tips Wednesday C-Suite Tips – Lending Institutions are Taking Advantage of the New USMCA On January 29th, President Donald Trump signed the United States-Mexico-Canada Agreement (USMCA) and lending institutions are already seeing the benefits. Although Canadian Prime Minister, Justin Trudeau has yet to sign the agreement,…
Read More2020 Collateral Requirements for SBA 7(a) Loans Under $350,000 and Over $350,000
2020 Collateral Requirements for SBA 7(a) Loans Under $350,000 and Over $350,000 Home Speakers Agenda Registration Learn SBA collateral requirements for underwriting and documenting your borrowers’ SBA loans and protect your SBA guaranty. 75-minutes of Online Training for your staff A Coleman Webinar Date: Thursday, March 19, 2020 Time: 2:00 p.m. Eastern Download a Registration…
Read MoreHot Topic Tuesday — SBA Secondary Market Update
February 4, 2020 By Caity Witucki Contributing Editor, C-Suite Wednesday Hot Topic Tuesday — SBA Secondary Market Update In Washington DC, On January 8, 2020, the SBA provided an update on the secondary market and changes coming in the new SOP. Here are the highlights from the SBA’s presentation: Pools are up despite overall loan…
Read MoreMain Street Monday – SBA and FDIC Release Two New Updates to Money Smart for Small Business Curriculum
February 3, 2020 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – SBA and FDIC Release Two New Updates to Money Smart for Small Business Curriculum In a recent news release, the SBA and FDIC announced two new updates to the highly successful Money Smart for Small Business program. Both updates focus…
Read More3rd Annual SBA 7(a) and 504 Construction Loan Webinar
Coleman’s 3rd Annual SBA 7(a) and 504 Construction Loan Webinar Home Speakers Agenda Registration Learn SBA-compliance requirements for underwriting and documenting your borrowers’ SBA construction loans and protect your SBA guaranty. 75-minutes of Online Training for your staff A Coleman Webinar Date: Wednesday, February 19, 2020 Time: 2:00 p.m. Eastern Download a Registration Form Underwriting…
Read MoreFraud Friday – Former Chief Lending Office Admits to Making False Statements to the SBA
January 31, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – Former Chief Lending Office Admits to Making False Statements to the SBA James Bortolotti, a former chief lending officer at First Choice Bank in New Jersy, has admitted to improperly securing a $3.75 million federal guarantee on a loan by making false…
Read MoreColeman Movers & Shakers — Tucker Herring, NEDCO, and Coleman 2019 SBA Lender Professional Award Winners
January 30, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Tucker Herring, NEDCO, and Coleman 2019 SBA Lender Professional Award Winners Tucker Herring Joins Ready Capital Tucker Herring recently joined Ready Capital, a national SBA PLP lender, who is ranked #16 in the country with over $250 million…
Read MoreParticipate in Coleman’s 2020 SBA Department Compensation Survey and Receive a Free Report!
January 29, 2020 By Bob Coleman Editor, Coleman Report Participate in Coleman’s 2020 SBA Department Compensation Survey and Receive a Free Report! Coleman’s 2020 SBA Department Compensation Survey Coleman’s annual SBA industry compensation report will include all SBA lending professional job descriptions: SBA Loan Department Manager SBA Loan Sales Manager SBA Business Development Officer SBA…
Read MoreC-Suite Wednesday – Corporate Governance Rule Changes that Affect CDCs
January 29, 2020 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – Corporate Governance Rule Changes that Affect CDCs During the SBA Office of Financial Assistance Connect Call on Tuesday, January 14th, OFA team member, Rosemarie Drake, introduced the Corporate Governance Rule changes that went into effect on January 3, 2020. This rule streamlines…
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