Posts by Coleman Report

SBA Hot Topic Tuesday — Inspector General Denys $850,000 SBA 7(a) Guaranty By Bob Coleman Editor, SBA Hot Topic Tuesday A $1.6 million SBA 7(a) approved by Newtek Small Business Finance was audited by the Inspector General and the guaranty was denied. Under it’s high-dollar/early-default review program — loans over $500,000 defaulting within 18 months…

August 31, 2016 By Bob Coleman Editor, C-Suite Wednesday Tomorrow is the last day to register for the 9th Annual SBA Secondary Market Summit early-bird price of $995. Join this high-level gathering of public and private stakeholders to review strategies for capitalizing on emerging opportunities and avoiding new threats and pitfalls. 9th Annual SBA Secondary…

August 29, 2016 CPR Report: 7(a) Prepays Down, But Stay Above 8% By Bob Judge Editor, CPR Report In June, prepays fell by 7%, but stayed above CPR 8% for the third month in a row. A fall in both defaults (CDR) and voluntary prepayments (CRR) was the cause of the decrease. Specifically, defaults fell…

August 26, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Borrower Ensnared in SIGTARP Prosecutions Jailed for 5 Years Sophisticated borrower photoshopping fraud continues to trip up lenders who rely too much of borrower documents instead of the first C of credit — borrower’s character. A former vice president of Eastern Tools of…

August 25, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Paul Pickhardt Joins Greer State Bank as SBA Lending Manager “(Paul’s) experience and knowledge of SBA products, as well as his reputation in the market, will be very beneficial as we introduce SBA lending at Greer State Bank,” says Jim Boyd, SVP. Pickhardt has…

August 18, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers and Shakers Moody’s Analytics Webinar: The Future of Small Business Lending Strong demand for small business credit is expected to continue unabated, and banks have the advantage of being the primary and most trusted sources of information for small business borrowers –…