Posts by Coleman Report

October 6, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Charlie Bell Retires After Decades in the SBA Industry “I’ve known Charlie for 10 years or so and worked with him directly for the last five. Like many of you, I consider Charlie a friend above all, but also a very capable operator and…

October 5, 2022 Delaney SextonContributing Editor C-Suite Wednesday – IRS Will Tax Improperly Forgiven PPP Loans “This action underscores the Internal Revenue Service’s commitment to ensuring that all taxpayers are paying their fair share of taxes,” says IRS Commissioner Chuck Rettig. “We want to make sure that those who are abusing such programs are held…

October 4, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – OIG Says SBA Betters its Customer Service Monitoring “In December 2018, the Office of Inspector General completed an audit of SBA’s District Offices’ Customer Service (Report 19-06) in response to a Congressional request regarding the effectiveness of SBA’s district offices. We reported SBA did…

October 3, 2022 Delaney SextonContributing Editor Main Street Monday – Lawmakers Push for PPP Forgiveness For Good Faith Loan Amount Errors “On January 15, 2021, SBA announced that amounts of PPP loans received due to ‘excess loan amount errors’ are not eligible for loan forgiveness and must be repaid,” reads a letter sent to Administrator…

September 30, 2022 Delaney SextonContributing Editor Fraud Friday – Petition Filed for the CFPB to Subject Fintechs to Higher Levels of Supervision “Fintechs increasingly are providing financial products and services, but their activities are largely unsupervised by the Bureau or any federal regulator, leaving customers vulnerable. Supervision and examination of fintechs by the Bureau through…

A Live Streaming Webinar How to Prepare an SBA Loan Eligibility Background ReportUse Public Domain Websites to gather data to satisfy SBA’s character background requirements A Coleman WebinarDate: Wednesday, October 12, 2022Time: 2:00 p.m. EasternDownload Registration Form (Includes Guide and Recording) Today, there are resources available for you to collect data to determine applicant eligibility…

September 29, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Matthew Rickert, Will Tinsley, and Damon Munoz Columbia Bank Welcomes Matthew Rickert as Executive Vice President, Chief Credit Officer In his role, Rickert is responsible for the Bank’s credit policies, including all aspects of Commercial Credit and Special Assets. Rickert has over 20 years…

September 27, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – OIG Finds 179 PPP Loans to Nonprofits Might be Ineligible “The U.S. Small Business Administration Office of Inspector General conducted this review to assess Paycheck Protection Program eligibility for nonprofit organizations. Based on data analysis, we identified 179 PPP loans, totaling approximately $684 million,…

September 28, 2022 Delaney SextonContributing Editor C-Suite Wednesday – SBA Aided 3,400 Small Businesses with Export Sales in 2021 “For small businesses, exporting products abroad can jump-start growth and unlock an enterprise’s full potential. Nearly 96 percent of consumers live outside of the United States. When small firms sell their products internationally, they can reach…

September 26, 2022 Delaney SextonContributing Editor                                                                                      Main Street Monday – No Community Bank Failures in the Second Quarter of 2022 “The banking industry reported generally positive results in the second quarter as loan balances strengthened, net interest income grew, and credit quality remained favorable, although net income declined as a result of increased provision expenses.…