Posts by Coleman Report

Coleman’s 2018 SBA Lending Awards Congratulations to the Coleman 2018 SBA Lending Award Winners! (p.s. We finalizing the SBA BDO 2018 nominations, awards and summit. Details to be announced soon.) Congratulations to the following winners! Coleman 2018 Main Street Lender of the Year Coleman 2018 Woman Lender of the Year SBA 504 Lenders of the…

Coleman’s 1st Annual SBA Child Day Care Financing Webinar Home Speakers Agenda Registration Gain Expertise in Building a Quality Child Day Care SBA Loan Portfolio — Avoiding Losses, Repairs and Denials: A 75 minute training video webinar for underwriters. A Coleman Webinar Date: Wednesday, January 16, 2019 Time: 2:00 p.m. Eastern Download a Registration Form…

December 10, 2018 Main Street Monday – Confidence Levels Remain Positive According Says Wells Fargo By Mary Miller, Contributing Editor Small business performance and confidence levels hold steady and remain positive according to the 2018 Q4 Small Business Index reported by Wells Fargo. We love stats. Here they are: · 80% rate current financial situation…

December 7, 2018 By Dominic J Bartolone Contributing Editor,Fraud Friday Fraud Friday — Trusted CPA Firm Employee Embezzles from Small Biz Clients Another story of small business owners entrusting their finances to a third party and get ripped off. A Montana woman from West Yellowstone has pleaded guilty to wire fraud charges last week as…

December 6, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Trae Dorough, Walter Dyminski, Tye Massey, Mike Sheptson Trae Dorough Named Coleman SBA Rural Lender of the Year Trae Dorough is the Executive Vice President and Chief Lending Officer of Touchmark Bank in Georgia. Trae started his banking career…

December 5, 2018 C-Suite Wednesday — SBA 7(a) Secondary Market Premiums Down 15% By Bob Coleman Editor, C-Suite Wednesday This year’s summit held yesterday in Washington D.C. attracted a diverse crowd of 70 lenders, brokers, investors and SBA officials. I will cover the conference in more detail in the Coleman Secondary Market Report, but the…

December 3, 2018 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – PayNet’s Quarterly Credit Outlook Hints of Mini Wake-Up Call PayNet’s recently released Quarterly Credit Outlook shows that while small business lending remains healthy, the end of Q3 reflects a mini wake-up call. This is reflected by small signs pointing to…

November 30, 2018 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – Bank Exec and Husband Sentenced in $2.7 Million Bank Fraud Scheme A former bank executive and her husband were both sentenced to federal prison for their roles in a $2.7 million embezzlement scheme. Palestine Ace, and her husband, Jonathan Ace, plead…

November 29, 2018 By Bob Judge Editor, CPR Report CPR Report: Actual SBA 7(a) Prepays Fall Below 15% “While this month suggests an easing in prepayment speeds, don’t be fooled. Next month’s reading is expected to approach 20%.” In October, total prepays, including paid excess principal (ACPR), came in at 14.44%, a 24% decrease from…

November 29, 2018 By Mary Miller Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers – Toshia Walters, Noe Castillo, CoastalStates Bank Toshia Walters Appointed Senior VP and Construction Loan Manager, Pinnacle Financial Partners, South Carolina Toshia Walters joins Pinnacle Financial Partners as a senior vice president and construction loan manager as part of…