Posts by Coleman Report

June 4, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Main Street Adds 38,000 U.S. Job in April, 215,000 YTD Private sector small business employment increased by 38,000 jobs in April according to the May ADP Small Business Report. Previous Monthly Small Business Job Growth April 2018 — 62,000 March 2018…

June 1, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Community Banker Gets 68 Months For Bank Closing Related Fraud “As the majority shareholder who virtually had complete control of Excel Bank, Shaun Hayes caused devastation by repeatedly abusing his power to commit fraud,” says Special Inspector General Christy Goldsmith Romero. “His crime…

May 31, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Kelly Groth, American West Discount Promo Code Kelly Groth Named Senior Vice President and Sales Manager of Evergreen Business Capital Kelley Groth was most recently the Senior Vice President and SBA Portfolio Manager at Banner Bank, successor to AmericanWest…

May 29, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — New SBA 7(a) Loan Matrix Released A revised version (14) of the “Servicing and Liquidation Actions 7(a) Lender Matrix” has been released effective May 1, 2018. Access the revised matrix here.

May 25, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former Camargo State Bank President Jailed for 18 Months for Overdrafts Community banker Stephen Ward, 53, and two key employees held checks for friends and family, creating overdrafts that brought down 100-year old Oklahoma bank during the Great Recession. The bank was critically…

May 24, 2018 By Bob Coleman Editor, Main Street Monday Coleman Movers & Shakers — Tim Barron, Kyle Knoth, Justin Cracroft, Desiree Haschke Landmark National Bank Quickly Building SBA Team “We are excited to add Tim, Kyle, and Diana to our team,” says Michael Scheopner, President and CEO. “While Landmark has experience in SBA lending,…

May 23, 2018 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — What Management Needs to Know about the SBA BDO Brent Ciurlino, former SBA Associate Deputy Administrator and Director of Office of Credit Risk Management offered these items for the C-Suite at the Coleman SBA BDO Summit in Napa Valley yesterday. SBA Lending Stats…

May 22, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — May is World Trade Month Remember SBA 7(a) Export related loans carry a 90% guaranty, the only 90% guaranty in SBA lending programs. SBA Export Express programs also command a 90% guaranty up to $350,000. Finally, check out these…

May 21, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Low-Income Areas Lack in Employment Only one in fifteen businesses (6.7%) with employees and two in eleven self-employed persons are in low-income areas, in spite of the fact that two in nine workers call these areas home. SBA’s Office of Advocacy…