Posts by Coleman Report

Live Streaming Webinar SBA Hotel FinancingWhat SBA Credit Underwriters Need to Know for 2023Coleman’s 13th Annual Webinar! You Will Learn:● Supply and Demand Analysis● SBA Delinquency Trends● Hotel Cap Valuations● Occupancy Benchmarks● Franchise vs Mom and Pop● Cash Equity Benchmarks● SBA 7(a) and 504 Structures● USDA B&I Lending Participations A Coleman WebinarDate: Wednesday, November 30,…

October 28, 2022 Delaney SextonContributing Editor Fraud Friday – Former Wells Fargo Fraud Analyst Indicted for $1 Million PPP Fraud Tamakia Harris along with another bank employee, Shavondra White, are being accused of fraudulently obtaining PPP funds. Cedric Benton, was also indicted for the alleged PPP fraud scheme. Harris, the fraud analyst, is now facing…

October 27, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Rich Grant, Rita Mitchell, Bob Gonzales, Elle Merkley, and CDC Small Business Finance Rich Grant Named CEO of Bay Area Development Company Reflecting on his appointment by the Board of Directors and Baird’s departure, Grant says, “I am honored to be leading the Bay…

October 26, 2022 Delaney SextonContributing Editor C-Suite Wednesday – The South is Struggling with Main Street Delinquencies Small business delinquency rates in August 2022 are on the rise and are higher than they were a year ago. In spite of this, they are back to pre-pandemic norms and are on the lower end of the…

October 25, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Defaults Predicted to Rise in 2023 Yesterday, Sarah Briscoe from Equifax joined Coleman Report Live! to report on the state of commercial lending. She shared information from Equifax’s Small Business Lending Index, Small Business Delinquency 31-90% Index, and Small Business Default Index. Here are…

October 24, 2022 Delaney SextonContributing Editor Main Street Monday – First Generation Owns About 20% of U.S. Small Businesses Last week, the SBA Office of Advocacy released an overview of immigrant business ownership in the United States. They report that immigrants own businesses at higher rates than individuals born in the United States and are…

October 21, 2022 Delaney SextonContributing Editor Fraud Friday – 5 Bankers Banned by the Federal Reserve for COVID Fraud The Federal Reserve announced last week that they banned five former bank employees from ever working in the industry again after they submitted fraudulent applications for and obtained PPP and EIDL loans for themselves. One of…

October 20, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Chris Levy, Michael Madison, Samantha Barnett, and National Rural Lenders’ Roundtable Pursuit Names Chris Levy Chief Executive Officer Commenting on his succession, outgoing Chief Executive Officer Patrick MacKrell says: “I am confident that Chris will be an exceptional leader while advancing our long-standing mission…

October 19, 2022 Delaney SextonContributing Editor C-Suite Wednesday – SBA Proposes to Extend SBLC Licenses to More Lenders On October 4th, the White House announced that the SBA is going to propose a rule change that would lift the moratorium on new Small Business Lending Companies, allowing new lenders to obtain licenses to lend through…

A Live Streaming Webinar Documentation Required for Quick SBA Payment of Charged-Off Express Loans Including:● Community Advantage Loans● Community Express Loans● Express Loans● Export Express Loans● Gulf Opportunity Loans● Patriot Express Loans For Submissions to SBA’s Commercial Loan Service Centers: A Coleman WebinarDate: Wednesday, October 26, 2022Time: 2:00 p.m. Eastern(Includes Checklist and Recording)Download Registration Form…