Posts by Coleman Report

February 23, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Tony Barengo, Kirby Morris, and Curt Marshall Tony Barengo Now Leading CDC Small Business Finance’s SBA 504 Loan Program “Tony’s 17 years of experience in the 504 sector, coupled with his extremely strong technical expertise, makes him incredibly unique and valuable. We are very…

February 22, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Yelp Reports Significant New Business Growth in the South and Midwest “Findings reveal significant population migration from Western and Northeastern states to Southern and Midwestern areas. Yelp data also uncovers a positive economic impact for local businesses in states that had an increase in share of…

February 21, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA OIG to Continue Work on COVID Fraud in 2023 The SBA Inspector General published their Oversight Plan for 2023 which outlines its audit and review priorities. They plan to continue their “focus on programs and operations that pose the highest risk to SBA…

February 17, 2023 Delaney SextonContributing Editor Fraud Friday – Former First NBC Bank President and CEO Guilty of 46 Fraud Charges “Ashton Ryan’s fraud scheme to deceive regulators and the public resulted in one of the largest bank failures since the financial crisis. His conviction sends a clear message that bank executives who commit fraud…

February 16, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Michael Schulze, Adam Wuebker, and Garcia & Ortiz, P.A. Michael Schulze Joins Oak Valley Community Bank as VP, Commercial Banking Officer “We are excited to have Michael on the commercial banking team,” states Gary Stephens, EVP Commercial Banking Group. “Michael is well-established in Turlock.…

February 15, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Department of Defense Aims for Higher Small Business Participation “Small businesses occupy a central position in the American economy and way of life. They account for over ninety-nine percent of all employer firms and generate over forty-four percent of our Nation’s economic activity,” says the Department…

February 14, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – More than 50% of Small Business Owners are Uninterested in a Loan NFIB’s January Small Business Economic Trends report was published today, and small business owners are feeling slightly more optimistic about business conditions but are still concerned with the small business economy. Here…

February 13, 2023 Delaney SextonContributing Editor Main Street Monday – New House Oversight Plans for SBA Capital Access Programs “As Chairman, I intend to focus this Committee’s attention and resources on conducting rigorous oversight of costly regulatory burdens that are harming small businesses. Members of this Committee will be fierce advocates for free market principles…

40 states have been approved for SSBCI funding16 states are accepting SSBCI applications through lendersUnderstand SSBCI 2.0 2023 Requirements for Lenders A Coleman Training WebinarDate: Wednesday, March 8, 2023Time: 2:00pm EasternDownload a Registration Form The State Small Business Credit Initiative (SSBCI) was reinstated in March 2021 with $10 billion in funding as part of the American Rescue…

February 10, 2022 Delaney SextonContributing Editor Fraud Friday – SBA COVID Relief Used to Buy Six Cars, a Yacht, Jewelry, and More A Missouri business owner, John Michael Felts, was sued by the federal government and is accused of using multiple companies to defraud the EIDL program and PPP. Additionally, he applied for loans using…