Posts by Coleman Report

November 14, 2022 Delaney SextonContributing Editor Main Street Monday – Businesses in All States are Continuing to See Rising Inflation “Local businesses and communities now face a new set of challenges in addition to the lingering impacts of the pandemic, from continuing supply chain issues and delays, workforce shortages and reductions, and the highest inflation…

November 10, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Ben Rosensweet, Gulf Coast Small Business Lending Team, and Momentus Capital First Internet Bank Appoints Ben Rosensweet As VP, Senior BDO “The lending expertise Ben has is broad-based and fits neatly into our business model. Our national platform will allow him to help small…

November 9, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Business Ownership is Driven by Opportunity, Not Necessity In a report released yesterday, the SBA Office of Advocacy discussed the reasons small business owners chose to run a business. “While making money is a large reason business owners work for themselves, personal reasons can be just…

November 8, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA Proposes to Add Three More SBLC Licenses “SBA has determined that certain markets where there are capital market gaps continue to struggle to obtain financing on non-predatory terms. Therefore, SBA is proposing to lift the moratorium on licensing new Small Business Lending Companies…

November 7, 2022 Delaney SextonContributing Editor Main Street Monday – Customers Bank will Pay $58 Million to Kabbage for PPP Dispute In the first round of PPP in 2020, Kservicing, formerly known as Kabbage, processed Customers Bank’s PPP loans and earned $47 million in servicing fees. The bank paid the fees for the first round…

November 4, 2022 Delaney SextonContributing Editor Fraud Friday – Restaurateur Pleads Guilty to PPP Fraud and Making Interstate Threats “As he admitted in court today, Besim Kukaj conspired with others to try to secure more than $3.5 million dollars in government-backed loans intended for businesses devastated by the COVID-19 pandemic. Kukaj told banks that his…

November 3, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Kelly Jackson, Brian Evans, First Business Bank SBA Team, and TMC Financing Kelly Jackson joins First Bank of the Lake as SVP, SBA Healthcare and Commercial Real Estate West Sales Manager “Kelly is a top performer who has proven to be a trusted advisor…

November 2, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Bob Coleman Live at 2022 NACLB Bob Coleman will be speaking at the 2022 National Alliance of Commercial Loan Brokers Conference and Expo live from Las Vegas on Thursday, November 3, 2022 at 12:00 p.m. ET. The 8th annual NACLB Conference & Expo will provide education…

November 1, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA Streamlines Lending Criteria in Rule Proposal “The U.S. Small Business Administration (SBA or Agency) is proposing to amend various regulations governing SBA’s 7(a) Loan Program and 504 Loan Program, including use of proceeds for partial changes of ownership, lending criteria, loan conditions, reconsiderations,…

October 31, 2022 Delaney SextonContributing Editor Main Street Monday – SBA Proposes Eliminating Tax Returns From Family Members In a proposed rule released by SBA last week, they mention removing a paragraph about affiliation based on identity of interest “because SBA believes it is inherently unfair and impractical to require close relatives to provide multiple…