Posts by Coleman Report

October 1, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — President Signs Continuing Resolution For SBA Funding Last Friday, the President signed a seven-week continuing resolution bill which will ensure that the SBA will remain open through November 21, 2019. The continuing resolution will provide lawmakers with more…

September 30, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday (Monday Edition) — 7(a) Fees Effective for the Period October 1, 2019 through November 21, 2019 SBA Information Notice 5000-19021 7(a) Fees Effective for the Period October 1, 2019 through November 21, 2019 Annual Service and Upfront Guaranty Fees for…

September 30, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Small Business Optimism Levels Reach All-Time High According to Q3 Index According to the MetLife and U.S. Chamber of Commerce Small Business Index, small business optimism levels have reached an all-time high of 70.7 in Q3 2019. Experts suspect the…

Coleman’s 4th Annual Medical Practice Professional Financing Webinar Home Speakers Agenda Registration Gain Expertise in Building a Quality SBA Medical Practice Loan Portfolio — Avoiding Losses, Repairs and Denials: A 75 minute video webinar for underwriters. Date: Wednesday, October 30, 2019 Time: 2:00 p.m. Eastern Download a Registration Form SBA lenders who master industry niches…

SBA 7(a) Litigation Plans Compliance, CPC Expense Reimbursement, Wrap-Up Reports Filing Webinar Home Speakers Agenda Registration Know what SBA Needs in Litigation Plans for Speedy Recoveries, all Allowable Legal Fees and Care and Preservation of Collateral Expenses Litigation Plan Omissions that Jeopardize Expense Reimbursements Filing a Timely Wrap-Up Report to Preserve the 7(a) Guaranty Date…

September 27, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday— SBA Loan Fraud Trial Begins For Two Former Jacksonville City Council Members The $251,919 fraudulent invoice trial against former Jacksonville City Council members Katrina Brown and Reggie Brown began on September 23, 2019. (The two are not related.) According to the indictment, Katrina…

September 26, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Lee Kleinman, David Bagatelle, and Jon Ellis BFC CDC Welcomes Lee Kleinman as New Business Development Officer BFC has announced that Lee Kleinman will serve as its newest Business Development Officer. At BFC, Kleinman will focus on business…

September 26, 2019 (1:20pm ET) U.S. Senate Approves SBA Funding Through 11/21 – Bill Goes to President The U.S. Senate voted 82-15 today to approve government funding through November 21, 2019. The Bill must be signed by the President. The continuing resolution will ensure the SBA to remain open through November 21, 2019. The Bill…

September 25, 2019 By Janet Annan SBA Technical Director, Partner Engineering & Science Contributing Editor, C-Suite Tips Wednesday Navigating SBA Requirements for National Register of Historic Places (NHRP) Sites National historic sites are an attractive option for commercial real estate renovation and re-development. Older buildings, particularly in urban areas or previous industrial belts, are abundant…

September 24, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – Inappropriate Use of Delegated Authority Results in Recommended Guaranty Denial The SBA Inspector General recently evaluated a $1,970,000 7(a) loan used to purchase a business, refinance debt, and provide working capital. The Inspector General’s evaluation found that the…