Posts by Coleman Report

Coleman Movers & Shakers — Haven Baker, Jason S. Risch, Stephanie Barnhart, Joe Hatchett July 18, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers AVANA BIDCO Inc. Appoints of Haven Baker to Its Board of Directors Idaho bank, AVANA BIDCO Inc., recently appointed Haven Baker to its board of directors. Baker is the…

Coleman Report Update! July 17, 2019 — OIG Guaranty Denial – Ben Koplan of Life Ease By Bob Coleman Executive Producer, Coleman Report Update! This weeks topics include: Two New OIG Guaranty Denials Eligibility Collateral Equity Injection Debt Refinance Projections SBA Life Insurance Update with Ben Koplan

July 16, 2019 SBA Hot Topic Tuesday – SBA Quick OFA Contacts By Caity WituckiContributing Editor, SBA Hot Topic Tuesday OFA Contacts Dianna Seaborn, Director OFA dianna.seaborn@sba.gov Linda Reilly, 504 Division Chief linda.reilly@sba.gov John Wade, Secondary Market Division Chief john.wade@sba.gov Robert Carpenter, Acting 7a Division Chief robert.carpenter@sba.gov Dan Upham, Microloan Division Chief daniel.upham@sba.gov Community Advantage…

July 15, 2019 By Bob Judge Editor, CPR Report CPR Report: Actual SBA 7(a) Prepays Go Above 17% In May, total prepays, including paid excess principal (ACPR), came in at 17.68%, an 8% increase from last month’s reading of 16.41%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came…

July 15, 2019 By Caity WituckiContributing Editor, Main Street Monday Main Street Monday — Digital Tools Grow the Annual Revenues of Rural Small Businesses by More Than $84.5 Billion Per Year Research conducted by the U.S. Chamber of Commerce shows that increased adoption of online tools and digital services could grow the annual revenues of…

July 12, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – FDIC Seeking 14.5M From Dead Bridgeport Banker’s Estate Chicago bank president, John F. Gembara, was found dead on December 3, 2017 in the Park Ridge home of a customer who owed the bank $2.8 million. According to a spokesperson for the…

July 9, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday –Student Debt Deters Doctors from Small Business Ownership Student Debt is causing many doctors to not establish their own practices and apply for SBA loans. Health care remains the top small business employer in the United States, employing over…

July 8, 2019 By Bob Coleman Editor, Main Street Monday Main Street Monday — Small Business Optimism Soars Says NFIB “Optimism among small business owners has surged back to historically high levels, thanks to strong hiring, investment, and sales,” says NFIB President and CEO Juanita D. Duggan. “The small business half of the economy is…