Posts by Coleman Report

Click on your department below to complete Colemans 2024 SBA department compensation survey. The survey will close on February 15, 2024.   The report will be released by March 30, 2024. SBA Loan Department Manager Survey SBA Loan Sales Manager Survey SBA Business Development Officer Survey SBA 7(a) Loan Underwriter Survey SBA 7(a) Loan Packager Survey SBA 7(a) Loan Closer Survey SBA 7(a) Loan…

SBA’s Office of Advocacy focused on the influx of hiring that businesses saw between 2019 and 2021 in their recent research, but they also acknowledged the labor shortages small and large businesses alike faced during this period. From the third quarter of 2019 to the third quarter of 2021, businesses across the country saw an…

“Small business owners have been navigating higher interest rates since the Federal Reserve started hiking in March 2022, but have been increasingly affected by higher rates over the last six months. NFIB again asked about business owners’ financing activities and their experience in accessing credit. The health of the financial system is essential to small…

January 26, 2024 Delaney SextonContributing Editor Fraud Friday – Whistleblower False Claims Act Lawsuit Dismissed for Two PPP Loans Former employees at ManPow, LLC, accused the real estate company of obtaining PPP loans and loan forgiveness through false statements and certifications. They claimed the company falsely reported payroll expenses and the number of employees in…

Vic Calonder joins the bank as senior vice president, SBA business development officer III, as SBA Lending Division continues national expansion DENVER, CO (Jan. 23, 2024)— American Momentum Bank has entered the Denver market with its latest hire. Experienced SBA lending professional Vic Calonder joins the bank as senior vice president, SBA business development officer…

The annual Agency Financial Report gives an overview of SBA’s financial and performance data. It is one of two required reports that federal agencies must publish each year. The report is filled with data and trends that the SBA is seeing. During FY23, SBA’s portfolio decreased year over year by 13.9%. The main cause for…

“For a business to get off the ground, small business owners must invest their time and financial resources. For most entrepreneurs, this means going to the bank to secure a loan. This capital provides them with the resources needed to compete in the marketplace and contribute to the American economy,” says Chairman Roger Williams. “Unfortunately,…

“Abacus: Small Enough to Jail” is a documentary about Abacus Federal Savings Bank, a small community bank in Chinatown, New York. It’s the only U.S. bank criminally charged in connection to the 2008 financial crisis. The film questions if the bank was unfairly targeted due to its small size and community ties and compares it…