Posts by Coleman Report
CORRECTED: Biz2Credit Settlement with Federal Trade Commission
March 25, 2024 Delaney SextonContributing Editor Biz2Credit Settlement with Federal Trade Commission The FTC took action against Biz2Credit claiming that its average processing time estimate of 12-14 business days for PPP loans set out on its website were misleading, as in some cases customer processing times took longer. Further, the complaint states that when applicants…
Read MoreColeman Report Live! March 25, 2024 — Main Street Monday @ 1pm EST
Join on MS Teams Watch on YouTube Host: Bob Coleman, Owner/Editor, Coleman ReportCo-Host: Lance Sexton, Contributor, Fountainhead CCGuest: Todd Belmond, Executive Director, Scotsman Guide
Read MoreNik Patel’s Wife Accused of $7 Million Fraud Scheme – Fraud Friday
March 22, 2024 Delaney SextonContributing Editor Nik Patel’s Wife Accused of $7 Million Fraud Scheme – Fraud Friday This new scheme bears a resemblance to Nik Patel’s previous fraud schemes. Both involved creating fictitious loans and “used the guise” of USDA guarantees to sell the guaranteed portion. The current fraud scheme created a fictitious lender…
Read MoreSBA Evades Funding Circle SBLC Questions
March 21, 2024 Delaney SextonContributing Editor SBA Evades Funding Circle SBLC Questions Kentucky Representative McGarvey asked SBA Administrator Guzman about the recent news of Funding Circle offloading their US operations and what that means for their newly awarded SBLC license: “I’d love to hear an answer about November 2023 when the Funding Circle was awarded…
Read MoreGeorgia Small Businesses: Five Fast Facts
March 21, 2024 Delaney SextonContributing Editor Georgia Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Georgia Small Business Profile
Read MoreSBA Administrator Guzman Testifies Before the House Committee
March 20, 2024 Delaney SextonContributing Editor SBA Administrator Guzman Testifies Before the House Committee “We know from countless investigations, without a doubt, that the SBA needs to be right-sized. You take one look at the agency and it is clear that they are struggling with their current workload and are straying from their sole mission…
Read MoreFlorida Small Businesses: Five Fast Facts
March 20, 2024 Delaney SextonContributing Editor Florida Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Florida Small Business Profile
Read MoreHouse Small Business Committee to Hear from Administrator Guzman
March 19, 2024 Delaney SextonContributing Editor House Small Business Committee to Hear from Administrator Guzman Tomorrow at 10:00 AM ET, the House Committee on Small Businesses is holding a hearing to question the SBA Administrator and ensure the SBA is functioning efficiently and as intended. Watch “Conducting Oversight: Testimony from the Small Business Administrator” tomorrow…
Read MoreDistrict of Columbia Small Businesses: Five Fast Facts
March 19, 2024 Delaney SextonContributing Editor District of Columbia Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 District of Columbia Small Business Profile
Read MoreCOLEMAN REPORT EXCLUSIVE: Kris Roglieri Mugshot
March 19, 2024 Delaney SextonContributing Editor COLEMAN REPORT EXCLUSIVE: Kris Roglieri Mugshot On February 13, Kris Roglieri was arrested in Warren County New York. He was charged with third degree criminal possession of an assault weapon and third degree criminal possession of an ammunition feeding device. Third degree criminal weapon possession is a Class D…
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