Posts by Coleman Report
Protect Your SBA PLP License — 3/10
Ten Compliance Checklist Items to Implement in 2025 Attend the Live Webinar Event Monday, March 10, 20252:00 PM Eastern75-minute training with e-certification With recent Congressional pressure and legislation, SBA has evolved into a regulatory agency. It now has the power to discipline, fine, and disbar lenders from its programs. The stakes are raised even higher…
Read MoreEquity Injection: Know the 13 Mistakes that Void the SBA 7(a) Guaranty — Webinar Encore 10/28
Document your borrower’s equity injections perfectly and correctly every time A Coleman Webinar EncoreMonday, October 28, 20242:00 PM Eastern75-minute training with e-certification Does your closing staff know how to avoid the 13 most common mistakes lenders commit in documenting a borrower’s equity injection? Former SBA Little Rock Servicing Center Deputy Director Lance Sexton does —…
Read MoreSBA Top 7(a) Lenders by # for FY 2024
SBA Top 7(a) Lenders by # for FY 2024October 2, 2024Published by Bob Coleman From the SBA Website:
Read MoreHappy New Year! Top 25 7(a) Lenders by $ for FY20-24
Happy New Year! Top 25 7(a) Lenders by $ for FY20-24October 1, 2024Published by Bob Coleman From the SBA Website this morning: Source: SBA
Read More24th Annual National Rural Lenders’ Roundtable December 4, Washington DC
Underwritten by Thomas USAF, this event is complimentary to attendees. The roundtable brings together lenders and USDA B&I loan management. Register and obtain more information here.
Read MoreCity National Bank Invests $5 Million in Lendistry SBLC for SBA Loans Less Than $100,000
City National Bank Invests $5 Million in Lendistry SBLC for SBA Loans Less Than $100,000September 30, 2024By Bob ColemanPublisher & Founder “We’re proud to work with financial institutions like City National Bank who share our mission,” says Everett K. Sands, CEO of Lendistry. “The entrepreneurs and small businesses we serve need loans in lower amounts…
Read MoreKris Roglieri Indictment and Car Auction Update — Read and Watch Fraud Friday!
September 27, 2024 Delaney SextonContributing Editor Kris Roglieri Indictment and Car Auction Update – Read and Watch Fraud Friday! A federal grand jury decided that there was sufficient evidence to indict Kris Roglieri with five counts of wire fraud in relation to allegedly stealing $5 million from a Minnesota company. If he is found guilty,…
Read MoreSBA 7(a) Approvals by Ohio Lenders
September 26, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Ohio Lenders For fiscal year 2024, these are the lending statistics by Ohio lenders as of September 26, 2024:
Read MoreNewtek Bank Poised to be the New #1 SBA 7(a) Lender?
SBA Stat Thursday — Newtek Bank Poised to be the New #1 SBA 7(a) Lender? September 26, 2024By Bob ColemanPublisher & Founder With one week before the end of fiscal year 2024 Newtek has surpassed the $2 billion mark and leads Live Oak Bank by $116 million in SBA 7(a) gross loan volume. The Huntington…
Read MoreValley National Bank Settles PPP False Claim Act Liability with Feds for $216,784
Valley National Bank Settles PPP False Claim Act Liability with Feds for $216,784September 25, 2024By Bob ColemanPublisher & Founder SBA 7(a) Rank $ Rank # Gross Loan Approval # Loans 6/24 (9 mos) 77 130 $53 million 38 FY 2023 132 147 $36 million 42 FY 2022 162 177 $29 million 34 Valley National Bank,…
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