Lenders Urge House Small Business Committee to Streamline SBA’s SOP
February 19, 2025 Bob ColemanFounder & Publisher Lenders Urge House Small Business Committee to Streamline SBA’s SOP Last week, House Small Business Committee Chairman Roger Williams of Texas led a hearing titled “Driving Economic Growth: SBA Lending Programs and the Vital Role of Community Banks.” There was a interesting q&a between Congressman Rob Bresnahan of…
Read MoreSBA OIG Finds No Problems in Funding Circle’s SBLC License Issuance
February 18, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA OIG Finds No Problems in Funding Circle’s SBLC License Issuance In the midst of the chaos surrounding the transition to a Trump 2.0 administration, the Office of Inspector General issued a report last week absolving the SBA of any poor judgment in…
Read MoreGuaranty Denial Traps in Refinancing Debt with the SBA 7(a) Loan — 2/26
And the New SBA 504 Refinancing Rules A 75-minute training with e-certification & recording for all attendees Attend the Live Coleman Webinar EventWednesday, March 5, 20252:00 PM Eastern SBA loan closer failure to collect all borrower underlying debt refinance paperwork risks annulment of your SBA 7(a) loan guaranty. One lender lost $850,000 in an SBA…
Read MoreFraud Friday — Serial Criminal Gets 9 Years in Prison for $3 Million PPP Loan Fraud
February 14, 2025 Bob ColemanFounder & Publisher Fraud Friday — Serial Criminal Gets 9 Years in Prison for $3 Million PPP Loan Fraud Earlier this week, Christopher Carroll was sentenced to 9 years in prison for a $3 million PPP loan fraud. This sentence is on the high end for a white-collar crime of this…
Read MoreSBA 7(a) SOP Compliance Training Webinar Series — 3/27
Learn what Experts Know after Reviewing Over 16,000 7(a) Loans5 Weekly Online Webinars Feb 20 – Mar 27Updated for 2025 and the SBA SOP 7.1 Register for this 5-part online webinar series for your entire staff to learn what loan reviewers expect to see in a well-managed SBA loan portfolio. Your entire staff can attend…
Read MoreMovers & Shakers Thursday — Mark Davis, Rhonda Smith, Eric Warfel Join Harvest as Business Development Officers
February 13, 2025 Bob ColemanFounder & Publisher Movers & Shakers Thursday — Mark Davis, Rhonda Smith, Eric Warfel Join Harvest as Business Development Officers Mark DavisSenior Vice President Business Development Officer Mark brings over 32 years of banking experience, with a specialization in SBA and conventional loans for the past 18 years. A proud graduate…
Read MoreA Detailed Look at the Securitization of the Unguaranteed Portion of SBA 7(a) Loans — Bob Coleman’s Interview with Jaime Aldama
February 12, 2025 Bob ColemanFounder & Publisher A Detailed Look at the Securitization of the Unguaranteed Portion of SBA 7(a) Loans — Bob Coleman’s Interview with Jaime Aldama Q. Can you explain in simple terms how Momentus Securities’ new securitization platform will change the landscape for SBA 7(a) lenders? The concept is quite simple. SBA…
Read MoreColeman 2025 SBA Lender Award Winners
Emerging SBA Lenders of the Year: Heath Dietrick, Kelly Klein, Antonio Gonzales, Bryce Fennell Marketing Executives of the Year: Amanda Near, Lindsey Paley, Ray Drew SBA Podcast of the Year: SBA Today Mission Based Lender of the Year: AmPac Business Capital Lender Service Provider of the Year: Holtmeyer & Monson Woman Lender of the Year:…
Read MoreThomas Kimsey Named SBA Associate Administrator for Capital Access
February 11, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — Thomas Kimsey Named SBA Associate Administrator for Capital Access President Trump has appointed Thomas Kimsey, President and CEO of Thomas Financial Group, as Associate Administrator for the Office of Capital Access. “We are immensely proud of Thomas Kimsey’s commitment to serving his country…
Read MoreNik & Trisha Patel
Nik Patel, a former financier, was convicted of orchestrating a large-scale loan fraud scheme, in which he defrauded banks and investors out of millions of dollars by selling fraudulent USDA loan guarantees. He was sentenced to federal prison for his crimes. Trisha Patel, his wife, has been mentioned in connection with his case, but there…
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