Posts by Coleman Report
SBA 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…
Read MoreSBA Hot Topic Tuesday — SBA’s OIG Recommends Improvements for Risk Management and Lender Oversight
October 29, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA’s OIG Recommends Improvements for Risk Management and Lender Oversight According to the FY 2019 SBA management report card, the SBA has taken significant action to address the OIG’s previous concerns regarding the oversight of lenders. However, an…
Read MoreMain Street Monday – Supporting Immigrant Entrepreneurs Benefits Overall Small Business Economic Outlook
October 28, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Supporting Immigrant Entrepreneurs Benefits Overall Small Business Economic Outlook According to Harvard Business Review, immigrants are two times more likely to become entrepreneurs than native-born U.S. citizens. However, recent SBA statistics indicate that immigrants currently account for only 28% of…
Read MoreFraud Friday– Three Former Worley & Obetz Executives Indicted for Bank Fraud
October 25, 2019 By Caity Witucki Contributing Editor, Fraud Daily Fraud Friday– Three Former Worley & Obetz Executives Indicted for Bank Fraud On October 8, 2019, three former executives of Worley & Obetz were indicted for their alleged involvement in a 15 year long fraud scheme. According to the charges, the former CEO of the…
Read MoreColeman Movers & Shakers — Keith Nigbur, Sheri Brewer, and John Nguyen
October 24, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Keith Nigbur, Sheri Brewer, and John Nguyen Harvest Welcomes Keith Nigbur as Newest SVP for the Southwest Region Keith Nigbur has been in the banking and finance industry for 14 years. He has extensive experience in commercial lending,…
Read MorePreparing a Flawless SBAExpress Purchase Demand Kit: Don’t Make These Common 5 Mistakes that Delay Guaranty Payments
Preparing a Flawless SBAExpress Purchase Demand Kit: Don’t Make These Common 5 Mistakes that Delay Guaranty Payments Home Speakers Agenda Registration Date: Wednesday, November 6, 2019 Time: 2:00 p.m. Eastern Download a Registration Form SBA will fulfill its promise of prompt guaranty payments to SBAExpress lenders, but there is a catch. The SBAExpress Purchase Demand…
Read MoreC-Suite Wednesday – How to Write an Effective SBA Litigation Plan
October 23, 2019 By Lance P. Martin Certified Specialist in Business Bankruptcy Law, Ward and Smith P.A. Contributing Editor, C-Suite Wednesday C-Suite Wednesday – How to Write an Effective SBA Litigation Plan When an SBA loan goes into default, the SBA requires a lender to commence litigation when the lender concludes that (1) defensive action…
Read MoreSBA Hot Topic Tuesday — SBA Makes Progress to Update Human Capital Management Policies
October 22, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Makes Progress to Update Human Capital Management Policies On October 11, 2019, the SBA’s OIG released its annual SBA management report card. The SBA management report card is an important tool that assists the agency in prioritizing…
Read MoreMain Street Monday – 65% of U.S. Consumers Feel Good About Supporting Small and Medium Businesses
October 21, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – 65% of U.S. Consumers Feel Good About Supporting Small and Medium Businesses In September 2019, Zendesk released the results of a survey of 1,001 U.S. consumers. The survey showed that small to medium-sized businesses have an advantage over large companies…
Read MoreFraud Friday– Former Aledo bank executive pleads guilty to fraud
October 18, 2019 By Caity Witucki Contributing Editor, Fraud Daily Fraud Friday– Former Aledo bank executive pleads guilty to fraud Last week, former executive vice president and chief loan officer for the failed Country Bank of Aledo, Dana Frye, pleaded guilty to charges of making false statements to the bank. During his appearance in federal…
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