Movers & Shakers — Long, Gunderson, Spata, Luckett, Stoneman, Clinton Savings Bank
May 8, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Long, Gunderson, Spata, Luckett, Stoneman, Clinton Savings Bank Paul Long Promoted to Vice President, SBA Lending, GESA Credit Union Arnie Gunderson Senior Vice President, SBA Administrator, Mountain Pacific Bank Tip Spata VP & SBA Business Development Officer/Sales Lead, Texas First Bank Tréd Luckett, Vice…
Read MoreSBA SOP 50 56 1: Lender Participation Requirements
SOP 50 56 1 Lender Participation Requirements is Effective August 1, 2023 • Criteria for 7(a) Lenders and Certified Development Companies to participate in SBA lending programs;• The different types of delegated authority SBA grants to SBA Lenders;• How SBA Lenders maintain their participating status with SBA;• A brief overview of how SBA oversees its…
Read MoreSBA SOP 50 57 3.1: 7(a) Loan Servicing and Liquidation
The SBA SOP 50 57 3.1 sets forth the standard operating policies and procedures of the Small Business Administration (“SBA”) that apply to the administration of 7(a) Loans that have been fully disbursed and are in “regular servicing” or “liquidation” status. This edition is effective as of December 1, 2024. Paperback Available on Amazon for…
Read MoreSBA SOP 50 10 8: Lender and Development Company Loan Programs with Technical Updates
SOP 50 10 contains SBA’s loan origination policies and procedures governing the 7(a) and 504 loan programs. SOP 50 10 8 was announced on April 22, 2025. The technical updates to this SOP were issued May 28, 2025. SOP 50 10 8 is divided into three sections:Section A: Core Requirements for all 7(a) and 504…
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Coleman ReportOur Weekly Premium SubscriptionSBA Lending Industry Expert Intelligence Since 1993 For $995/Year or $95/Month — Access for Entire Institution . The Coleman Report, published by Bob Coleman, is an essential resource for executives in the SBA lending industry. The weekly newsletter is designed to help you stay ahead of industry developments with clear, actionable…
Read MoreSBA 7(a) and 504 to be Fully funded in FY26 Budget — SBDCs Enhanced — SCORE, Women’s Business Centers, STEP to be Closed
May 7, 2025 Bob ColemanFounder & Publisher SBA 7(a) and 504 to be Fully funded in FY26 Budget — SBDCs Enhanced — SCORE, Women’s Business Centers, STEP to be Closed No changes are anticipated to the SBA 7(a) and 504 Loan programs, as the administration believes the changes they have made in the fee structure…
Read MoreSBA 7(a) and 504 to Double to $10 Million for Manufacturers in Bipartisan Congressional Bill
May 6, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA 7(a) and 504 to Double to $10 Million for Manufacturers in Bipartisan Congressional Bill House Committee on Small Business Chairman Roger Williams (R-TX) and Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst (R-IA) are introducing key bipartisan legislation with Senator…
Read MoreMain Street Monday — California Boasts the Lowest 1st-Year Small Business Failure Rate
May 5, 2025 Bob ColemanFounder & Publisher Main Street Monday — California Boasts the Lowest 1st-Year Small Business Failure Rate Last week, I reported on challenges lenders may face in California within an increasingly regulatory environment. Today, I’m taking a positive approach by sharing statistics, which you know I love, about the fifth largest economy…
Read MoreBrothers Guilty Plea in a Blueacorn-Related Fraud
May 2, 2025 Bob ColemanFounder & Publisher Fraud Friday — Brothers Guilty Plea in a Blueacorn-Related Fraud A key individual who took advantage of Blueacorn’s loose PPP loan eligibility screenings has pled guilty to a $109 million loan fraud. Eric Karnezis submitted 1,300 PPP loan applications for $178 million through Blueacorn’s lender service provider dashboard.…
Read MoreMovers & Shakers — Gay Schwere, Gabriele Distler, Deangelou Stevenson, & Juliana Totta Land New Gigs
May 1, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Gay Schwere, Gabriele Distler, Deangelou Stevenson, & Juliana Totta Land New Gigs Gay Schwere Joins Stone Bank as VP/Business Development Officer Gabriele Distler Joins EverBank as Senior Underwriter Deangelou Stevenson Joins Veritex Bank as GGL Business Development Officer Juliana Totta Named Senior Vice President…
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