Posts by Coleman Report
Fraud Friday — Bank VP Steals Small Biz Borrower Identities to Make Himself Loans
August 18, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Bank VP Steals Small Biz Borrower Identities to Make Himself Loans Kirk Russel Marsh, 39, forged the signatures of senior bank officers to approve over $1.25 million in fraudulent loans to small businesses. While employed as a vice president at Virginia-based Fulton Bank,…
Read MoreColeman Movers & Shakers — Jason Moxness Joins Core Bank
August 17, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Jason Moxness Joins Core Bank CEO John Sorrell says “As we look at the big picture and at our strategic future, we know we want to expand our presence in the Midwest. We wanted to find the right opportunity…
Read MoreSpecial SBA Hot Topic Wednesday Edition — 2018 7(a), 504 Fees and SBA One Training Update
August 16, 2017 By Bob Coleman Editor, Coleman Report Special SBA Hot Topic Wednesday Edition — 2018 7(a), 504 Fees and SBA One Training Update SBA 7(a) and 504 Fees Effective October 1, 2017SBA 7(a) Loans with maturity of over 12 months: Up to $125,000 – 0%; $125,001 – $150,000 – 2.0%; (Lender is authorized…
Read MoreSBA Hot Topic Tuesday — How to Access SBA One Test
August 15, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday UPDATE: SBA Responds to SBA One Test Requests “No Longer Allowed” SBA: “We’ve gotten a few queries based on your most recent post. Unfortunately, the information below is not up-to-date. During the SBA One launch, we opened up the E-Tran test environment to lenders…
Read MoreMain Street Monday — Free State Small Biz Stats from SBA
August 14, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Free State Small Biz Stats from SBA The Office of Advocacy’s Small Business Profiles are an annual analysis of each state’s small business activities. Each profile gathers the latest information from key federal data-gathering agencies to provide a snapshot of small…
Read MoreFraud Friday — Two Years in Jail for Bank VP who Approved Loans with Faked Docs
August 11, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Two Years in Jail for Bank VP who Approved Loans with Faked Docs “Joseph Tobin, a former vice president at PBI bank, was sentenced to prison for taking part in a bank fraud scheme while the bank was in TARP,” says Christy Goldsmith…
Read MoreColeman Movers & Shakers — Stephen Quinn Appointed President of PCFS Solutions
August 10, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Stephen Quinn Appointed President of PCFS Solutions “I am honored to be chosen by Bob Cota and the PCFS Board of Directors as the next leader of this innovative and pioneering business,” says Quinn. “I look forward to working…
Read MoreC-Suite Wednesday — US Small Business Financial Health Continues to Improve
August 9, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — US Small Business Health Continues to Improve Loans to US small businesses hit a nearly two-year high in June, driven by restaurants, hotels and contractors. Still, measured from a year earlier, borrowing was flat. “June marked another month of weak small business investment…
Read MoreSBA Hot Topic Tuesday — New SOP 5010 and Lender Oversight Updates
August 8, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — New SOP 5010 and Lender Oversight Updates William, “It’s ok to call me Bill” Manger showed up at the Orange County Inland Empire District Office Awards Forum yesterday and updated a little over 100 SBA lenders about what is…
Read MoreColeman Movers & Shakers — ReadyCap Lending Adds Christy Lester and Rick McMannl
August 3, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — ReadyCap Lending Adds Christy Lester and Rick McMannl ReadyCap Lending Adds Christy Lester as Senior Vice President for SoCal “Getting Christy on board is a big deal. She is a proven leader and an industry elite top producer,” says…
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