Posts by Coleman Report
Using 401K/IRA Funds to Satisfy SBA’s Equity Injection Requirements
NEW COLEMAN/DRDA WEBINAR FOR SBA LENDERS Using 401K/IRA Funds to Satisfy SBA’s Equity Injection Requirements Home Speakers Agenda Registration What is a BORSA™ (Business Owners Retirement Savings Account) Plan? — a 75-minute webinar that allows your staff to earn e-certification. A Coleman/DRDA Webinar Date: Tuesday, September 17, 2019 Time: 2:00 p.m. Eastern Go to Registration What…
Read MoreSBA Hot Topic Tuesday – Revised Procedures for Fingerprint Background Checks for SBA Business Loans
July 30, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – Revised Procedures for Fingerprint Background Checks for SBA Business Loans As of July 25, 2019, SBA will now require all FBI fingerprint background checks, in connection with SBA 7(a) and 504 business loans, to be submitted electronically. To…
Read MoreMain Street Monday – “Goldilocks Economy” Creates Opportunities for Age 50+ Entrepreneurs
July 29, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – “Goldilocks Economy” Creates Opportunities for Age 50+ Entrepreneurs To coin a phrase from the classic children’s tale of Goldilocks and The Three Bears, a Goldilocks Economy is one that is not too hot (inflation), not too cold (recession), but just…
Read MoreFraud Friday – Former Controller Gets 2 Years in Jail for Stealing $1.2 Million that Bankrupted Company
July 26, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – Former Controller Gets 2 Years in Jail for Stealing $1.2 Million that Bankrupted Company Jeanette Elizabeth Ford was convicted of wire fraud on May 14, 2018, after pleading guilty to embezzlement. “Ford abused her position of trust and embezzled a startling…
Read MoreUsing Retirement Funds Tax And Penalty Free to Buy or Start a Business
Did you talk to Suzy about this yet? Join Home about Free webinar Using Retirement Funds Tax And Penalty Free to Buy or Start a Business What is a BORSA™ Plan? Learn the background of BORSA™ and understand what this plan…
Read MoreColeman Movers & Shakers — Dina Kroshkin, Arshad Khan, David Brindley, Saint Louis Bank, and Meridian Bank
July 25, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Dina Kroshkin, Arshad Khan, David Brindley, Saint Louis Bank, and Meridian Bank David Brindley Joins Live Oak Bank’s Lending Team “In my new role as Vice President of Small Business Lending, I will be focused on building the…
Read MoreSBA or PPP Loan Past Due! @ 31 Days, Now What? — Webinar 12/1
Mandatory Servicing Actions of a 7(a), 504, and PPP Loan What are the Critical steps a Prudent Lender must do as a SBA Loan Approaches 60 days Delinquent? SBA Non-Performing Loan Training: Rules for Prudent Lenders — a 75-minute webinar that allows your staff to earn e-certification. A Coleman WebinarDate: Wednesday, December 1, 2021Time: 2:00…
Read MoreSBA Hot Topic Tuesday – SBA Inspector General Recommends $3 Million 7(a) Guaranty Denial
July 23, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – SBA Inspector General Recommends $3 Million 7(a) Guaranty Denial A recent OIG review of nine “high risk” SBA 7(a) loans — over $500,000 and defaults within 18 months has resulted in the recommendation of denying the guaranty of two…
Read MoreMain Street Monday – House Passes SBA Cyber Security Bills
By Mary MillerContributing Editor, Main Street Monday Main Street Monday – House Passes SBA Cyber Security Bills The SBA Cyber Awareness Act and the Small Business Development Center Cyber Training Act, sponsored by Representatives Jason Crow (D-CO) and Steve Chabot (R-OH), were approved by the House on July 15, 2019. The two bills aim to…
Read MoreFraud Friday – Former Iowa Bank President Faces 16 Counts of Fraud
Fraud Friday – Former Iowa Bank President Faces 16 Counts of Fraud Release Date: Unknown By: Dominic J Bartolone Contributing editor, Fraud Friday – Former Iowa Bank President Faces 16 Counts of Fraud Former Iowa bank executive, Christopher Goerdt, faces 16 federal charges — including bank fraud, identity theft, and wire fraud — after allegedly…
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