Coleman Report
C-Suite Wednesday – Using ROBS Plans for SBA Financing
November 27, 2019 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – Using ROBS Plans for SBA Financing Rollovers as business start-ups (ROBS) are arrangements in which current or prospective business owners use their 401(k), IRA or other retirement funds to pay for new business start-up costs, for business acquisition costs or to refinance…
Read MoreUsing ROBS Plans for SBA Financing in 2020
NEW COLEMAN/DRDA WEBINAR FOR SBA LENDERS Using ROBS Plans for SBA Financing in 2020 Home Speakers Agenda Registration What is the “ROBS” Issue? — a 75-minute webinar that allows your staff to earn e-certification. A Coleman/DRDA Webinar Date: Tuesday December 10, 2019 Time: 2:00 p.m. Eastern Go to Registration A ROBS (Rollover As Business Start…
Read MoreSBA Hot Topic Tuesday — Annual Service Fee and Upfront Guaranty Fee for 7(a) Loans
November 26, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Annual Service Fee and Upfront Guaranty Fee for 7(a) Loans The SBA has released a notice announcing the annual service fee and upfront guaranty fee for all 7(a) loans approved during the period covered by the continuing resolution.…
Read MoreKnow The SBA Requirements to Avoid Guaranty Errors with Business Acquisition Loans in 2020
Know The SBA Requirements to Avoid Guaranty Errors with Business Acquisition Loans in 2020 Home Speakers Agenda Registration Tips to Navigate Tricky SBA Traps to Successfully Underwrite, Close and Service Biz Aq Loans with the SOP 5010 (K) — a 75-minute webinar that allows your staff to earn e-certification. A Coleman Webinar Date: Tuesday, December…
Read MoreMain Street Monday – Main Street and SBA Celebrate Small Business Saturday
November 25, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Main Street and SBA Celebrate Small Business Saturday This year, Main Street and the SBA are gearing up to celebrate the 10th annual Small Business Saturday on November 30th. In 2010, American Express kicked off Small Business Saturday, or “Shop…
Read MoreFraud Friday– Park Avenue Bank Director Charged With $1.4 Million Bank Fraud
November 22, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday– Park Avenue Bank Director Charged With $1.4 Million Bank Fraud Former director of Park Avenue Bank, Mendel Zilberberg, was recently charged with $1.4 million dollars worth of bank fraud. If found guilty, Zilberberg could be facing over 35 years in prison and will…
Read MoreColeman Movers & Shakers — Wayne Williams, Sara Vanhala, Zola Finch
November 21, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Wayne Williams, Sara Vanhala, Zola Finch Wayne Williams Elected to NADCO Board of Directors On October 8, 2019, NADCO announced that Wayne Williams was elected to the 2019-2020 Board of Directors for Region 3. Wayne Williams is the…
Read MoreColeman’s 7th Annual Gas Station/C-Store SBA Financing Webinar
Coleman’s 7th Annual Gas Station/C-Store SBA Financing Webinar Home Speakers Agenda Registration Gain Expertise to Build a Quality SBA 7(a) Gas Station Loan Portfolio, Avoiding Losses and Repairs and Denials Special Tips for Obtaining SBA 504 Loan Approvals. A 75-minute webinar that lets staff earn e-certification. Date: Wednesday, December 11, 2019 Time: 2:00 p.m. Eastern…
Read MoreC-Suite Wednesday – Congress Introduces New Continuing Resolution to Avoid Government Shutdown
November 20, 2019 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – Congress Introduces New Continuing Resolution to Avoid Government Shutdown On September 27, 2019, President Donald Trump signed a seven-week continuing resolution bill which ensured that the SBA would remain open through November 21, 2019. With the deadline on the horizon, House lawmakers…
Read MoreSBA Hot Topic Tuesday – OCRM Identifies Material Deficiencies in 21 Defaulted Loans
November 19, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – OCRM Identifies Material Deficiencies in 21 Defaulted Loans On November 12, 2019, the SBA OIG released a report which presented the results of an audit of the SBA’s oversight of high-risk lenders. Upon review, OCRM identified material deficiencies…
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