Posts Tagged ‘Bob Coleman’
USDA and SBA Join Forces for Rural Main Street
“Rural small businesses strengthen local economies – creating jobs and serving communities,” says SBA Administrator Isabel Casillas Guzman. “SBA’s partnership with USDA will build upon the Biden-Harris Administration’s commitment to investing in underserved rural Americans and providing the needed resources to help them start and grow their businesses to advance our economy and global competitiveness.”…
Read MoreColeman Report Live! Monday, 11/20 1 pm Eastern
Here is the Microsoft Teams Invite for today’s Show at 1 pm Eastern You may also access out Youtube Live Stream at 1 pm Eastern Guests: Frank Gallegos Cen Cal Business Finance John Reosti, American Banker Lance Sexton, Fountainhead Commercial Capital
Read MoreNFIB Says 5% of Small Business Owners’ Access to Capital is #1 Challenge
Two percent of owners reported that all their borrowing needs were not satisfied. Twenty-three percent reported all credit needs met and 64% said they were not interested in a loan. A net 7% reported their last loan was harder to get than in previous attempts. Five percent of owners said that financing was their top…
Read MorePPP Loan Criminal Gets 42 Months for $500K Fraud, Co-Defendant Guilty of Lying to SBA
“[Tamika Cross] submitted false documents certifying a number of employees and payroll for a business that had neither. She collected PPP loan proceeds based on lies and helped others do likewise,” says IRS Criminal Investigation (CI) Special Agent in Charge Thomas F. Murdock. “We are committed to investigating those who defrauded the government and robbed…
Read MoreFraud Friday — French National Indicted For $6 Million Fraud Scheme
August 9, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday — French National Indicted For $6 Million Fraud Scheme Giles Casse, a French national, is facing indictment for a $6 million bank fraud scheme in which he made false statements to obtain government-issued loans and enter into a factoring agreement. In 2000, Casse…
Read MoreFraud Friday — StartUp Airline Fails to Get off the Ground — Owner Guilty in Fraud & Tax Evasion
August 2, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — StartUp Airline Fails to Get off the Ground — Owner Guilty in Fraud & Tax Evasion In 2014, Michael Morisi, 59, received a $5 million loan from TowneBank guaranteed by the Newport News/Williamsburg-based Peninsula Airport Commission for his startup airline, People Express Airlines.…
Read MoreSBA Hot Topic Tuesday – Revised Procedures for Fingerprint Background Checks for SBA Business Loans
July 30, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – Revised Procedures for Fingerprint Background Checks for SBA Business Loans As of July 25, 2019, SBA will now require all FBI fingerprint background checks, in connection with SBA 7(a) and 504 business loans, to be submitted electronically. To…
Read MoreMain Street Monday – “Goldilocks Economy” Creates Opportunities for Age 50+ Entrepreneurs
July 29, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – “Goldilocks Economy” Creates Opportunities for Age 50+ Entrepreneurs To coin a phrase from the classic children’s tale of Goldilocks and The Three Bears, a Goldilocks Economy is one that is not too hot (inflation), not too cold (recession), but just…
Read MoreColeman Report Update! July 10, 2019 — Upcoming Industry Events, Medical Student Loan Debt, Jennifer Blumig, Joey Bonin
July 11, 2019 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! July 10, 2019 — Upcoming Industry Events, Medical Student Loan Debt, Jennifer Blumig, Joey Bonin This weeks topics: Upcoming Industry Events House Small Business Committee on Medical Student Loan Debt America West Interviews
Read MoreColeman Movers & Shakers — Steven Johnston, Mark Woods, and Steve Brogdon
July 11, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Steven Johnston, Mark Woods, and Steve Brogdon Saint Louis Bank Announces the Hiring of SBA Lending Manager Steven Johnston Steven Johnston joins Saint Louis Bank with over 25 years of SBA lending experience. “Steve possesses an exponential understanding…
Read More