June 14, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — SBA Loan Broker Jailed for 9 Years in $100 Million 7(a) Loan Fraud “Our financial system is based on trust,” says U.S. Attorney Robert K. Hur. “Loren Park and his co-conspirators lied during every aspect of the loan process...
Read More →June 13, 2019 Coleman Movers & Shakers — Chris Kwiatkowski, Doras Davila, HomeStar Bank By Bob Coleman Editor, Movers and Shakers Chris Kwiatkowski named as Director of Government Guaranteed Lending for Sound Bank “SBA Lending is vital to the success of our small busines...
Read More →June 12, 2019 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — Splitting Loans, Puerto Rico Main Street Recovery This week’s topics: -Splitting Loans -Trae Dorough, Executive Vice President, Touchmark Bank -Omar Marrero, Executive Director, Puerto Rico ...
Read More →June 11, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA 7(a) Fees Exceed Guaranty Payments to Lenders by Over $1 Billion the Last 4 Years I want to start an industry-wide discussion about SBA’s budget. The problem is the Administration has inserted a $99 millio...
Read More →June 10, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – SBA Announces Fifth Annual Growth Accelerator Fund Competition The U.S. Small Business Administration announced its fifth annual Growth Accelerator Fund Competition. The SBA will award 60 organizations that p...
Read More →June 7, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Ex-Mirae Bank Executive Sentenced to 70 Months in Prison for Loan Fraud The former chief marketing officer of the now-shuttered Mirae Bank will spend nearly six years in federal prison for participating in a l...
Read More →June 6, 2019 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — James DeSantis, Stephanie Schwandt, Capital Bank/First Tennessee Bank James DeSantis Named Director of Credit Operations for Newtek Barry Sloane, Chief Executive Officer, says, “As we are growing ...
Read More →June 5, 2019 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — Small Business Delinquencies, Portfolio Monitoring, Revised SBA Form 1050, Kathleen Kelly, Barbara Arena This weeks topics: – Small Business Delinquencies – Portfolio Monitoring –...
Read More →June 3, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Washington Holds Joint Hearing on Strengthening Voice of SBA Office of Advocacy In Washington, D.C. last week, U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entreprene...
Read More →May 31, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — Noah Bank CEO Arrested for SBA Loan Fraud U.S. Attorney Geoffrey S. Berman says this past Wednesday, “Edward Shin, the CEO of a Pennsylvania bank, allegedly exploited his position as a bank officer to illegally issue Small Busin...
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