Coleman Report
Fraud Friday – Billings Man Indicted for Defrauding Canadian Bank
May 10, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – Billings Man Indicted for Defrauding Canadian Bank A Montana businessman was indicted for bank fraud for allegedly inducing a Canadian Bank to loan him more than $40 million based on phony loan documents. Todd Capser, 47, of Billings, was arrested May…
Read MoreColeman Report Update! — Debra Nesbitt, SBA Construction Financing, Refinancing Interim Construction Debt, Mathew Mapes, Susy Granger
May 9, 2019 By Bob Coleman Executive Producer, Coleman Report Update! This week’s topics: Debra Nesbitt, Puerto Rico Rural Business Summit SBA Construction Financing Refinancing Interim Construction Debt Mathew Mapes, 2019 Coleman SBA BDO Winner Susy Granger, Providing Equity from Borrower 401K
Read MoreC-Suite Wednesday — SBA Wants More Loans from Credit Unions
May 8, 2019 C-Suite Wednesday — SBA Wants More Loans from Credit Unions The National Credit Union Administration and SBA have signed an agreement to increase credit union participation in SBA lending. Fewer than one in 10 credit unions participate in SBA’s lending program The NCUA says the memorandum of understanding “to undertake a series…
Read MoreMain Street Monday – Small Business Owners Optimism Down Slightly
May 6, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Small Business Owners Optimism Down Slightly In the semi-annual survey of small business owners released by Bank of America, it indicates a slight decline in optimism levels. Of 1,504 small business owners surveyed, here are the stats: 48% predicted the…
Read MoreFraud Friday – Ex Credit Union CEO Pleads Guilty to Fraud
May 3, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – Ex Credit Union CEO Pleads Guilty to Fraud The former CEO of a Minnesota credit union who was accused of stealing more than $10 million, pleaded guilty to stealing at least $2.5 million after a five-year investigation by the FBI. Margurite…
Read MoreMovers & Shakers — Brent Ciurlino, Jim Donovan, Marty Spuehler, James Fizel, AJ Patel
May 2, 2019 Movers & Shakers — Brent Ciurlino, Jim Donovan, Marty Spuehler, James Fizel, AJ Patel By Bob Coleman Editor, Coleman Report Newtek Business Services Corp. Hires Brent Ciurlino as Senior Vice President, Risk and Operations Barry Sloane, Chief Executive Officer, says, “We are extremely pleased to have retained the talent of Brent Ciurlino…
Read MoreSBA Hot Topic Tuesday — Lenders No Longer Can Approve Changes in Ownership for 12 Months After Final Disbursement
April 30, 2019 By Bob Coleman Editor, Main Street Monday SBA Hot Topic Tuesday — Lenders No Longer Can Approve Changes in Ownership for 12 Months After Final Disbursement SBA Lenders may no longer unilaterally approve any adjustment to or change in the ownership of a Borrower, including a change in percentage of ownership, for…
Read MoreMain Street Monday – Small Business Owners Cautiously Optimistic About Economy
April 29, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Small Business Owners Cautiously Optimistic About Economy The release of the latest economic forecasts and surveys to date indicate that while small business owners remain optimistic about the economy, they are cautiously optimistic. The buzz word is “conservative” in terms…
Read MoreFraud Friday – Chicago Group Sentenced for Bank Fraud Scheme
April 26, 2019 Fraud Friday – Chicago Group Sentenced for Bank Fraud Scheme By Dominic J BartoloneContributing Editor, Fraud Friday Four defendants who pleaded guilty to bank fraud charges were sentenced in U.S. District Court to federal prison time and ordered to pay more than $14.3 million in restitution for their part in a scheme…
Read MoreColeman Movers & Shakers — Mark Schulte, Asif Fazal, David Coletti, Rahul Barot
April 25, 2019 Coleman Movers & Shakers — Mark Schulte, Asif Fazal, David Coletti, Rahul Barot Mark Schulte Joins Stone Bank Vinny Muratore, President of Stone Bank’s SBA Division, says veterann SBA Lender Mark Schulte has joined the Arkansas-based bank. Mark has been involved in government guaranteed lending since 1989. He began his career with…
Read More