Posts by Coleman Report
Coleman Movers & Shakers — Main Street Bank and Acclivity Financial Name New SBA Lending Professionals
January 5, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Main Street Bank and Acclivity Financial Name New SBA Lending Professionals Acclivity Financial names Billy Bowers as Senior Credit Officer “Billy’s vast experience at every stage of the commercial lending process makes him an ideal addition to Acclivity Financial,”…
Read MoreC-Suite Wednesday — Jim Risch Named Senate Small Biz Head, House Introduces Small Biz Bills
January 4, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Jim Risch Named Senate Small Biz Head, House Introduces Small Biz Bills Republican Idaho Senator Jim Risch has formally been chosen as head of the Small Business Committee. Senator Risch previously supported the SBA 504 refinance act. Unknown, is his position on previous…
Read MoreSBA Hot Topic Tuesday — The Top 100 SBA 7(a) Lenders of 2016
January 3, 2017 SBA Hot Topic Tuesday — The Top 100 SBA 7(a) Lenders of 2016 SBA has released its list of the top 100 SBA 7(a) lenders for FY 16. Check out the rankings here: https://www.sba.gov/lenders-top-100 Also, you may now order the FY2016 Coleman Report 500, the list of the top 500 SBA 7(a)…
Read MoreFraud Friday — Two More Community Bankers Charged with Bank Fraud
December 23, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Two More Community Bankers Charged with Bank Fraud For borrowing $7.5 million from the Troubled Asset Relief Program after cooking Florida-based GulfSouth Private Bank’s books. Says the Special Inspector General for TARP. Former CEO Anthony J. Atkins, 51 and Vice President Samuel D.…
Read MoreWhat SBA Lenders Need to Know About the New SOP 5010 (I) Effective Jan 1
What SBA Lenders Need to Know About the New SOP 5010 (I) Effective Jan 1 Home Speakers Agenda Registration Learn about the Newly Released SBA SOP 50 10 5 (I) Effective January 1, 2017. This 75-minute webinar lets your SBA lenders earn e-certfication. Date: Wednesday, January 25, 2017 Time: 2:00 p.m. Eastern Download a Registration…
Read MoreColeman Movers and Shakers — Jeff Rosen Named EVP of First Commonwealth Bank
December 22, 2016 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers and Shakers — Jeff Rosen Named EVP of First Commonwealth Bank Jeff Rosen Named EVP of First Commonwealth Bank “Jeff brings to First Commonwealth 30 years of leadership experience in the financial services industry,” says Jane Grebenc, President of Pennsylvania-based First Commonwealth…
Read MoreC-Suite Wednesday — 7 Proven Ways to Minimize Your Risk on Hotel Construction Loans
December 21, 2016 By Sundip Patel Guest Contributor, C-Suite Wednesday C-Suite Wednesday — 7 Proven Ways to Minimize Your Risk on Hotel Construction Loans Hotel construction loans can be extremely lucrative, but their profitability comes with risk. These large projects have many variables and moving parts. Here are 7 critical actions you should take to…
Read MoreSBA Hot Topic Tuesday — SBA Revises Form 912 Clearance Procedures
December 20, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Revises Form 912 Clearance Procedures The basic procedures you need to know effective December 15, 2016. The processing of a 912 with misdemeanor charges is changed to: 1) If the disposition of any misdemeanor(s) is older than six…
Read MoreMain Street Monday — Small Business Loan Delinquencies Tick Up
December 19, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Small Business Loan Delinquencies Tick Up Loans more than 30 days past due rose in October to 1.68 percent, the seventh straight monthly increase and the highest delinquency rate since November 2012. PayNet CEO and founder Bill Phelan sees a glass…
Read MoreFraud Friday — Nik Patel Pleads Guilty to $179 Million USDA B&I Loan Fraud
December 16, 2016 Fraud Friday — Nik Patel Pleads Guilty to $179 Million USDA B&I Loan Fraud By Bob Coleman Editor, Fraud Friday Nik Patel has pleaded guilty to five counts of loan fraud in connection with the sale of $179 million in sham USDA b&i hotel loans to Pennant Management. Nik was the Chief…
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