Posts by Coleman Report
Coleman Report Update! — Fraud Prevention, Economy, Hotel Financing, SBA Requirements for 10% Minority Shareholders
March 21, 2018 By Bob Coleman Editor, Coleman Report Update! Coleman Report Update! — Fraud Prevention, Economy, Hotel Financing, SBA Requirements for 10% Minority Shareholders This week’s top stories: • Fraud Prevention • The Economy • Hotel Financing • SBA Requirements for 10% Minority Shareholders Previous Coleman Report Updates!: March 14, 2018 — Coleman Report…
Read MoreSBA Hot Topic Tuesday — C-PACE Financing
March 20, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — C-PACE Financing SBA Procedural Notice 5000-17051, March 13, 2018 On July 26, 2016, SBA issued Procedural Notice 5000-1387, entitled “C-PACE Financing.” As explained in that notice, Property Assessed Clean Energy for commercial property (C-PACE) is a method of financing…
Read MoreMain Street Monday — ADP Says Small Business Hiring is Rocking and Rolling
March 19, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — ADP Says Small Business Hiring is Rocking and Rolling Private sector employment increased by 235,000 jobs from January to February according to the February ADP National Employment Report “The labor market continues to experience uninterrupted growth,” says Ahu Yildirmaz, vice president…
Read MoreFraud Friday — Four Wilmington Trust Bankers Fraud Trial Begins
March 16, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Four Wilmington Trust Bankers Fraud Trial Begins Former bank president Robert V.A. Harra Jr., along with former chief financial officer David Gibson, former chief credit officer William North, and former controller Kevyn Rakowski, are charged with fraud, conspiracy and making false statements to…
Read MoreColeman Movers & Shakers Thursday — Steve Gross, Steven Brown, Marquis Bank, John Bechtold
By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers Thursday — Steve Gross, Steven Brown, Marquis Bank, John Bechtold Acclivity Financial names Steve Gross as SVP, Portfolio Management “Servicing and liquidating SBA and USDA loans properly is critical to maintaining the government guaranty and mitigating losses in the portfolio. Steve brings over…
Read MoreColeman Report Update! — Main Street Interest Rates, CAIVRS Disclosure, Construction Q&A, Patel Gets 25 Years
March 14, 2018 By Bob Coleman Editor, Coleman Report Update! Coleman Report Update! — Main Street Interest Rates, CAIVRS Disclosure, Construction Q&A, Patel Gets 25 Years This week’s top stories: • Interest Rates & Main Street • CAVIRS • Construction Q & A • Nik Patel Sentencing Previous Coleman Report Updates!: March 7, 2018 —…
Read MoreSBA Hot Topic Tuesday — SBA and Poultry Lending
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…
Read MoreMain Street Monday — Small Business Lending Nears All-Time High
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,…
Read MoreFraud Friday — Nik Patel Conned Secondary Market out of Another $10 Million in January, AFTER Jailed! — Sentenced to 25 Years
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.…
Read MoreColeman Movers & Shakers — Annmarie Murphy, Tim Collins, Michael Valenti, Lakeland Bank
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…
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