Posts by Coleman Report
Coleman Movers & Shakers — Pat MacKrell Elected Chair of NADCO
November 9, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Pat MacKrell Elected Chair of NADCO “NADCO is lucky to have Pat MacKrell leading its board of directors. Having known Pat for a long time, I know how qualified he is to steer the 504 program and the CDC…
Read MoreSBA Hot Topic Tuesday — Common SBA Lender Errors
November 7, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic — Common SBA Lender Errors From SBA’s review of 354 lenders for FY 2017 — percentage of lenders failing to follow SBA’s SOP.. Eligibility EPC/OC Conditions Not Met — 12% Credit Elsewhere Test Not Documented — 10% Prior Loss to the…
Read MoreFraud Friday — Newtek Forecasts Zero Earnings from banc-serv
November 3, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Newtek Forecasts Zero Earnings from banc-serv Says Newtek President & CEO Barry Sloane in yesterday’s 3Q earnings call. Barry again confirmed banc-serv was the target of the FBI raid that seized company records. New information to the story is Newtek’s earnings forecast has…
Read MoreColeman Movers & Shakers — Tony Zara Joins Newtek as EVP, Credit and Risk Management
November 2, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Tony Zara Joins Newtek as EVP, Credit and Risk Management Tony Zara Joins Newtek as EVP, Credit and Risk Management Barry Sloane, Chairman, President and Chief Executive Officer says, “We are very excited to welcome Tony Zara to our…
Read MoreC-Suite Wednesday — SBA Wants Your Feedback
November 1, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA Wants Your Feedback Says SBA, “In an effort to assess and enhance our relationships with our key stakeholders, the SBA is holding a series of public meetings in the fall. These public meetings will take place in the form of online listening…
Read MoreSBA Hot Topic Tuesday — Quick Takeaways from SBA’s Sr. Management 7(a) Quarterly Call
October 31, 2017 SBA Hot Topic Tuesday — Quick Takeaways from SBA’s Sr. Management 7(a) Quarterly Call By Bob Coleman Editor, SBA Hot Topic Tuesday Quarterly, SBA’s senior management team hosts a call for 7(a) lenders. Here are some quick takeaways from last week’s call you and your team should know: Download the PowerPoint Poultry…
Read MoreManaging Your SBA Loan Service Provider
Managing Your SBA Loan Service Provider Home Speakers Agenda Registration New SOP 5010 (J) Standards Required for SBA 7(a) Lenders Effective January 1. This 75-minute webinar lets your SBA lenders earn e-certification. A Coleman Webinar Date: Wednesday, November 15, 2017 Time: 2:00 p.m. Eastern Go to Registration and Payment | Download a Registration Form Last…
Read MoreColeman’s Certified SBA Loan Broker Training
Home | Speakers | Agenda | Registration Introducing the SBA Loan Broker Program: An 8-week online video program your staff can complete on their own schedules — plus receive professional certification. Go to Registration and Payment | Download a Registration Form The SBA loan broker is a key player in matching Main Street borrowers with…
Read MoreFraud Friday — SIGTARP Ensnares Borrower of a Failed Community Bank
October 27, 2017 Fraud Friday — SIGTARP Ensnares Borrower of a Failed Community Bank By Bob Coleman Editor, Fraud Friday Thomas Comer of Mississippi owned a small business that shipped gravel on the Mississippi and Ohio Rivers. His business failed during the Great Recession. Unfortunately his loans to purchase the barges were from a failed…
Read MoreColeman Movers & Shakers — Vinny Muratore Named President of Stone Bank’s SBA Division
October 26, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Vinny Muratore Named President of Stone Bank’s SBA Division Vinny Muratore Named President of Stone Bank’s SBA Division Marnie Oldner, Stone Bank CEO said “Our SBA division, headed by this professional who is so respected in the government-guaranteed loan…
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