Posts by Coleman Report

Coleman’s 2023 SBA 7(a) Lender Compensation SurveyOur 30th Year! SBA Department ManagerSBA Sales ManagerSBA Business Development OfficerSBA Loan PackagerSBA Loan UnderwriterSBA Loan CloserSBA Loan Servicer/Liquidator $1600 for the 7-Report Bundleor $550 per report Order Online Here This year’s survey includes; ● Average Base Salary● Average Total Compensation● Salary Range● Compensation Range All the Performance Data…

May 11, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Jordan Hallam and Asu Suka SouthState Names Jordan Hallam as Director of Government Guaranteed Lending Jordan Hallam is promoted to director of Government Guaranteed Lending following the retirement of Mark Bryant. Hallam has been with SouthState for more than 11 years and most recently…

The effective date for the new SOP 50 10 7 is August 1, 2023. Download SOP 50 10 7 New Changes Include: Expectations:There will probably be a new 1919 coming out soon to reflect the changes in the SOP.There is no longer a requirement for a SBA loan authorization.Expect to see changes in the near…

May 10, 2023 Delaney SextonContributing Editor FLASH: SBA Publishes Loan Authorization Removal and Affiliation Procedural Notices Ahead of Final Rule Implementation “The Office of Capital Access announces a Procedural Notice on the implementation of SBA’s Final Rule on Affiliation and Lending Criteria for the SBA Business Loan Programs (88 FR 21074, effective May 11, 2023)…

May 9, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Over 80% of Small Businesses will Seek Financing This Year “Even with continued external pressures, small business owners are bullish about their business prospects in the coming year,” says Sharon Miller, President of Small Business, Head of Specialty Banking and Lending at Bank of…

May 8, 2023 Delaney SextonContributing Editor Main Street Monday – Credit Conditions Tighten for Most Small Business Owners Data from an April Goldman Sachs survey showed a prominent shift in small businesses’ ability to acquire capital, a shift that occurred in only a year’s time. Lou DeCuzzi, the President of DDR USA in Brunswick, Ohio,…

May 3, 2023 Recorded from the 2023 Mid-America Lender’s Conference in San Antonio, TX, April 20, 2023 Co-ChairsAmanda WeinandSVP, SBA Program ManagerBroadway Bank Leriegh MastFirst Bank of the LakeCTAGGL Board Justin Levy, CEO, iBusiness Funding Christine Foster, Texas SBA Certified Development Corporation Event OrganizerJennifer BlumigEventfullyYourz Joe GriltzMcCune Construction Services Group, LLC

May 1, 2023 Delaney SextonContributing Editor Main Street Monday – Community Advantage Lenders Given Permanence with New SBLC Licenses The current definition of underserved markets includes rural, low to moderate income, HUBZones, start-ups, and veteran-owned businesses. Women-owned and minority-owned small businesses are excluded from the label of underserved markets. Although they do not fall under…

April 28, 2023 Delaney SextonContributing Editor Fraud Friday – PPP Fraudster Sold His Business to Buy an Alpaca Farm A Massachusetts man pled guilty to four counts of wire fraud and three counts of money laundering for committing fraud across multiple pandemic relief programs. Dana McIntyre is the former owner of a restaurant, Rasta Pasta…

April 27, 2023 Delaney SextonContributing Editor Coleman Report – SBA Says SOP Should Come Out the First Week of May According to testimony in the Senate Small Business Committee hearing, lenders can expect guidance from the SBA on the implementation of the final rules in the coming week. SBA officials indicated during the hearing that…