Posts by Coleman Report

March 13, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA and Poultry Lending Last week, SBA’s Inspector General issued a comprehensive audit questioning whether $1.8 billion in 7(a) loans were eligible for SBA financing. On Friday, SBA quashed an impending controversy by saying yes, SBA would honor the…

March 12, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Small Business Lending Nears All-Time High “After years of sluggishness, small businesses are finally getting back in the game and increasing their capacity,” says Bill Phelan, president of PayNet, Inc. “It’s good to see Main Street more involved in the expansion,…

March 9, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Nik Patel Conned Secondary Market out of Another $20 Million in January, AFTER Jailed! — Sentenced to 25 Years Last Tuesday, U.S. District Judge Charles Kocoras said it was the largest financial fraud case he’d overseen in nearly four decades on the bench.…

March 8, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Annmarie Murphy, Tim Collins, Michael Valenti, Lakeland Bank Annemarie Murphy Named President of United Community Bank SBA Division “No one is more deserving of this promotion than Annemarie,” says Rick Bradshaw, United’s President of Commercial Banking Solutions. “She has…

March 6, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Sample CAIVRS Disclosure Form From SOP 5010 (J), page 109 h) All Lenders must inform the Applicant that if the small business defaults on the SBA-guaranteed loan and SBA suffers a loss, the names of the small business and…

March 5, 2018 By Guest Contributor Marshall Stanclift Partner Engineering mstanclift@partneresi.com Main Street Monday — How The SBA’s Dry Cleaning Requirement Changes Impact Your Due Diligence Considerations Dry cleaners are a confounding conundrum in the world of commercial real estate. They generally rent on economical space but generate a lot of business and foot traffic…

March 2, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Mark Feathers Sentencing Next Week — Will Get Less than 3 Years for $5 Million Fraud The culmination of the sad strange journey of Mark Feathers will end next week on March 7 with a federal penitentiary sentence that will move him from…

February 26, 2018 Main Street Monday — 63% of Main Street Bullish on Economy By Bob Coleman Editor, Main Street Monday 89% of mid-sized businesses and 63% of small businesses are optimistic about the U.S. economy. Middle market executives are overwhelmingly upbeat about the global, national and local economies for the year ahead. Expressing the…