Posts by Coleman Report

Former Tennessee COO Community Banker Charged with Fraud 5 Years after Bank Failure February 17, 2017 By Bob Coleman Editor, Fraud Friday 73-year old Lamar Cox has been indicted for delaying the reporting of a $710,000 loss by Tennessee Community Bank. The loss was incurred on the sale of eight foreclosed properties for $4 million.…

February 16, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman’s Movers and Shakers — Linda McMahon Sworn In as SBA’s 25th Administrator Linda McMahon Sworn In as SBA’s 25th Administrator This week the Senate voted 81-19 for Linda McMahon’s confirmation. Ms. McMahon was sworn in on Tuesday, February 14th by Vice President Pence who…

February 15, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA Enhances Franchise Review Process The bottom line is there are two changes you need to know in underwriting and closing SBA 7(a) and 504 loans to franchisees. 1) The franchise addendum has been updated and should be used for all loans approved…

February 14, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday ALERT: Senate Confirms Linda McMahon as SBA Administrator The Senate voted 81-19 for Linda McMahon’s confirmation as the 25th SBA Administrator. Watch the short clip here.

February 13, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Senate Confirmation Hearing of Linda McMahon Scheduled for Tomorrow The Senate is scheduled to confirm Linda McMahon as Administrator of the Small Business Administration tomorrow morning at 11am ET. Given the backdrop of a potentially catastrophic disaster in Northern California, she…

February 9, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman’s Movers and Shakers — Jerry Tarnapol and Team Join Icon Bank Jerry Tarnapol and Team Join Icon Bank The newly expanded SBA group at Icon Bank of Texas includes: (standing l-r) Lizzette De La Rosa, Lidia Doria, Luis Deleza, Nathan Kerr, Jerry Tarnopol,…

February 8, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Your Active SBA Capline Lenders Thank you to those that responded to our SBA Capline lending survey. Here is the first industry list of self-reported SBA Capline lenders. If you wish to be added to the list, or modify your listing, please send…

February 7, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Are you an SBA CAPLINE Lender? Last week, I received an email asking who are the CAPLINE lenders out there? I went to the data base and discovered lenders only approved 459 SBA 7(a) CAPLINE loans totaling $331 million…

February 6, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — 7 Reasons Linda McMahon is a Great Pick for SBA Administrator Great analysis by Small Business Trends’ Anita Campbell: 1. McMahon Has Actually Made Payroll 2. McMahon Has Bounced Back from Business Failure 4. McMahon Wants Fast Disaster Relief for Small…