Posts by Coleman Report
C-Suite Wednesday – Previous SBA Lending Award Winners
November 13, 2019 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday – Previous SBA Lending Award Winners The SBA Lending Award program highlights the careers and achievements of professionals who are making great strides in SBA lending. Nominations for Coleman’s 2019 SBA Lender Professional Awards have been extended to November 15, 2019. Our previous years’…
Read MoreSBA Hot Topic Tuesday — Change of Ownership Loans Up in FY 2020
November 12, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Change of Ownership Loans Up in FY 2020 According to Chief Executive Magazine, 80% of business owners want to pass their family businesses on to the next generation. However, many of those businesses would fail without additional funding.…
Read MoreFraud Friday– Update on Noah Bank CEO Fraud Scheme
November 8, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday– Update on Noah Bank CEO Fraud Scheme SIGTARP’s latest report to Congress details the investigative results of twelve financial institution fraud schemes, including an update on the arrest of Noah Bank CEO, Edward Shin. The report claims that between 2009 and 2012 Shin…
Read MoreColeman Movers & Shakers — Dana Rosen, Erik Adams, and Cat Riddle
November 7, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Dana Rosen, Erik Adams, and Cat Riddle Harvest Welcomes Dana Rosen as SVP for the Midwest Region Dana Rosen Joins Harvest as its newest SVP and loan officer for the Midwest region. Prior to joining Harvest, Rosen served…
Read MoreSBA Hot Topic Tuesday — SBA Can Improve Loan Programs by Reducing Improper Payments at SBA Loan Operation Centers
November 5, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Can Improve Loan Programs by Reducing Improper Payments at SBA Loan Operation Centers During FY 2019, the SBA’s OIG identified material lender noncompliance in five of the eight loans reviewed, totaling approximately $8.7 million in questioned costs.…
Read MoreMain Street Monday – Small Businesses Turn to Online Lending Options
November 4, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Small Businesses Turn to Online Lending Options Rebounding from the last recession resulted in a longer and more difficult recovery time for small businesses. What helped, according to online lenders, is their automated lending systems and platforms. Last quarter online…
Read MoreFraud Friday– Bookkeeper Admits Stealing Over $300K From Physical Therapy Business
November 1, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday– Bookkeeper Admits Stealing Over $300K From Physical Therapy Business On September 10, 2019, Heather Nicole Gray, the former bookkeeper for Sutherland Physical Therapy and Sutherland Yoga Studio, pleaded guilty to Bank Fraud. It is estimated that the fraud totaled $321,854. According to the…
Read MoreColeman’s SBA Compliance Report
Subscribe to Coleman’s SBA Compliance Report. A Weekly Newsletter for SBA Management and Bank Directors. Weekly topics will include: · How to be SBA Compliant to protect your Institution from Repairs and Denials · 2020 SBA Regulatory Fines · Maintaining Your PLP License · Managing Your PARRiS Score · Build Your Portfolio with Online Partners…
Read MoreColeman Movers & Shakers — Andre R. Bailey, Cindy Santilena, and Kevin Gallagher
October 31, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Andre R. Bailey, Cindy Santilena, and Kevin Gallagher Harvest Welcomes Andre R. Bailey as SVP for the Southwest Region Andre R. Bailey joins Harvest as the newest SVP and loan officer for the Southwest region. He has over…
Read MoreSBA C-Suite Tips Wednesday — Protect Small Businesses From Predatory Lending
October 30, 2019 By Caity Witucki Contributing Editor, SBA C-Suite Tips Wednesday SBA C-Suite Tips Wednesday — Protect Small Businesses From Predatory Lending According to the Sacramento Business Journal, recent data suggests that many of the same predatory financial tactics that plunged households into ruin during the 2008 recession are now being used in small-business…
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