Coleman Movers & Shakers — Lance Sexton, Brad Abel, and SomerCor
May 20, 2021 Caity RoachEditor Coleman Movers & Shakers — Lance Sexton, Brad Abel, and SomerCor Lance Sexton Joins Fountainhead Commercial Capital “I am so excited to be part of one of the best and most knowledgeable SBA teams in the industry at Fountainhead Commercial Capital,” says Sexton. “I have admired and respected Fountainhead’s commitment…
Read MoreC-Suite Wednesday — Restaurant Paycheck Trends Accelerated by the Pandemic
May 19, 2021 Caity RoachEditor C-Suite Wednesday — Restaurant Paycheck Trends Accelerated by the Pandemic Historically, restaurants are the largest recipient of SBA 7(a) loans and a profitable lending niche when underwritten correctly. Therefore, it is important for SBA lenders to stay up to date on how the industry has been changed by the COVID-19…
Read MoreSBA Hot Topic Tuesday – SBA Inspector General Issues Report on EIDL Fraud
May 18, 2021 Caity RoachEditor SBA Hot Topic Tuesday – SBA Inspector General Issues Report on EIDL Fraud On May 6, 2021, the SBA Office of Inspector General (OIG) issued an evaluation report on the handling of identify theft in the COVID-19 Economic Injury Disaster Loan (EIDL) program. According to the report, as of January…
Read MoreColeman’s 11th Annual SBA Restaurant Financing Webinar — COVID Edition
Protect Your SBA Restaurant Loans from Defaults and Guaranty Denials: How to Lend to Restaurants in a COVID Environment This 75-minute webinar earns e-certification for all attendees. A Coleman WebinarDate CHANGE: Wednesday, June 2, 2021Time: 2:00 p.m. EasternDownload a Registration Form We called it in 2019 for lenders to prepare for major disruptions in the…
Read MoreFraud Friday — Do PPP Fraudsters Go to Jail?
May 14, 2021 By Bob ColemanEditor, Fraud Friday Fraud Friday — Do PPP Fraudsters Go to Jail? Yes. And a lot of it. David Hines gets more than six years in federal prison for fraudulently obtaining $3.9 million in PPP loans. Mr. Hines submitted multiple PPP applications to a PPP-participating lender, claiming to have had…
Read MoreC-Suite Wednesday: FDIC Risk Review of Main Street Lending
By Bob ColemanEditor, C-Suite Wednesday Main Street Recovery Unclear, PPP Loans Lower Delinquencies, Bank Income up ⅓, Credit Boxes Shrink Says Fed While the outlook for small business lending in 2021 is unclear — the recovery for Main Street remains uneven, but is on par with previous recessions, says the FDIC in its just released…
Read MoreSBA Hot Topic Tuesday — CPR Report: Actual SBA 7(a) Prepays Remain Low
SBA Hot Topic Tuesday — CPR Report: Actual SBA 7(a) Prepays Remain Low By Bob JudgeEditor, CPR Report In March, total prepays, including paid excess principal (ACPR), came in at 7.13%, a 27% decrease from last month’s reading of 9.80%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came…
Read MoreMain Street Monday – California Small Business Owners Remain Optimistic
May 10, 2021 Caity RoachEditor Main Street Monday – California Small Business Owners Remain Optimistic “California small business owners were hit especially hard and adapted to complex restrictions for longer periods of time than those in other states,” says Todd Hollander, Head of Small Business Banking at Union Bank. “But despite the challenges, many small…
Read MoreFraud Friday – New York Banker Uses Paid Off Loans to Conceal Fraud
May 7, 2021 Caity RoachEditor Fraud Friday – New York Banker Uses Paid Off Loans to Conceal Fraud “Gangadai Azim betrayed her position as a trusted bank employee to defraud the bank and misappropriate client funds for more than a dozen years,” says U.S. Attorney Audrey Strauss. “She allegedly stole more than $1.7 million and…
Read MoreColeman’s 2025 SBA 7(a) Lender Compensation Survey – Only Available by Coleman
Coleman’s 2025 SBA Compensation Survey for 2025 Available Now! SBA 7(a) Loan Underwriter Compensation ReportSBA 7(a) Loan Packager Compensation ReportSBA 7(a) Loan Closer Compensation ReportSBA 7(a) Loan Servicer Compensation ReportSBA 7(a) Loan Liquidator/Liquidation Compensation ReportSBA Loan Department Manager Compensation ReportSBA BDO Compensation Report All the Performance Data you Need to Know for Fair and Competitive…
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