Posts by Coleman Report

SBA 7(a) Deferments, Workouts and Loan Modifications Webinar Home Speakers Agenda Registration Introducing the SBA 7(a) Workouts, Deferments, Extensions and Reinstatements Webinar: A 75 minute video webinar your staff can participate in. Date: Wednesday, September 26, 2018 Time: 2:00 p.m. Eastern Download a Registration Form What does an SBA Lender do when a SBA Borrower…

September 7, 2018 Fraud Friday – Bank Manager Embezzles From Customer By Dominic J Bartolone Contributing Editor A Zions bank manager who embezzled over $500,000 from a bank customer to buy a house and other personal items, ran into more trouble after forging a letter to the judge in his case. Daniel Scott Frischknect, 33,…

September 6, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Chris McDonald, Tucker Herring Chris McDonald Joins Harvest as Senior Vice President Todd Massas, Managing Director, Chief Origination Officer says, “Our national footprint is building rapidly and the addition of a powerhouse like Chris McDonald helps strengthen Harvest’s ability…

September 4, 2018 SBA Hot Topic Tuesday — Fees for FY 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday For SBA 7(a) loans of $150,000 or less — 2% of the guaranteed portion. The Lender may retain no more than 25% of the fee. For loans of $150,001 to $700,000: 3% of the guaranteed…

August 31, 2018 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Man Who Fled to Iran Sentenced in Bank Fraud Case A Thousand Oaks man who took out millions in fraudulent loans was sentenced to nearly five years in federal prison on Monday. Mohsen Hass, 60, borrowed more than $11 million from…

August 30, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers – Scott Amatuccio, Jo Eckert, Maria Aberin and Karine Decker Axiom Bank announces promotion of Scott Amatuccio to Vice President, SBA Manager “Scott has been an integral part of building our commercial lending division, and his extensive knowledge of SBA…

August 29, 2018 By Bob Judge Editor, CPR Report C-Suite Wednesday — CPR Report: Actual 7(a) Prepays Fall Below 17% In July, total prepays, including paid excess principal (ACPR), came in at 16.76%, a 5% decrease from last month’s reading of 17.59%. After correcting for the excess principal being released from the MRF, pool prepays…

August 24, 2018 Fraud Friday — Your Borrower Must Never Outsource Financial Responsibility By Dominic J Bartolone Contributing Editor Another story of a small business owner being ripped off financially by a trusted advisor. This time, the CPA pocketed almost $500,000 of company cash. Joseph Stevens, 54, was sentenced in federal court to 33 months…

August 23, 2018 Coleman Movers & Shakers – Nickolas Uhan, Rod Banks, Jr., Ian Williams, Daniel Munoz, Yomi Anthonio By Bob Coleman Editor, Coleman Movers & Shakers Opus Bank, Arizona expands Commercial Banking Team, adding Nickolas Uhan, Managing Director, Senior Client Manager and Rod Banks, Jr., Director, Client Manager “We are pleased that Nick and…