February 4, 2021 Caity RoachEditor Coleman Movers & Shakers — Lynn Ozer, Brandon Malm, and Jarron Gray Lynn Ozer Named President of MultiFunding “I couldn’t be more excited to join Ami to launch his ingenious SBA Ignite platform to let entrepreneurs know about the awesome programs available from the SBA,” says Lynn Ozer. “These go…

A new Coleman Webinar for SBA Lenders Solving PPP Loan Hold Codes End Lender Frustration and Borrower Confusion with delays in PPP 1st or 2nd draw applications A Coleman WebinarDate: Tuesday, February 23, 2021Time: 2:00 p.m. EasternDownload a Registration Form 75-minute webinar that lets staff earn e-certification A recent Coleman Report Live! poll reveals 20% of…

February 3, 2021 Caity RoachEditor C-Suite Wednesday – SBA Borrowers are Now Eligible for Additional Debt Relief Payments Beginning this month, SBA borrowers who previously received six months of debt relief payments will be eligible for three additional months of payments. Borrowers assigned a NAICS code beginning with 61, 71, 72, 213, 315, 448, 451,…

February 2, 2021 Caity Roach Editor SBA Hot Topic Tuesday – 85% of PPP Lenders Have Unresolved Hold Codes  Data collected during the Coleman Report Live daily show reveals important industry metrics for SBA lenders.  This week’s polls show continued industry-wide frustration with PPP hold codes. While reviewing first draw PPP loans, anomalies were identified…

February 1, 2021 Caity RoachEditor Main Street Monday – Restaurant Entrepreneurs Adopt Virtual Business Model The COVID-19 pandemic has left restaurants struggling to catch up with delivery demand, but experts now see a potential for permanent disruption to the traditional dine-in business model as ghost kitchens gain traction. A ghost kitchen is a delivery-only food…

  Everything Your Small Business Customers Need to Know about PPP to Maximize Loan DrawsANDBorrower Documentation Required to Complete the PPP Forgiveness Application THIS WEBINAR CONTENT IS FOR ALL SIC CODES EXCEPT Restaurant and Hotel Small Business OwnersPurchase the site license and invite up to 20 of your customers and prospectsHome Speakers Agenda Registration A Coleman…

January 29, 2021 By Caity RoachEditor, Fraud Friday Fraud Friday – Bank President Sentenced to Year in Prison for Personal Loans to Friend Stephen Phillip Casher, a former market president at Rocky Mountain Bank, is the latest in a long list of people facing a reckoning for their business dealings with the former coal executive,…

January 28, 2021 Caity RoachEditor Coleman Mover’s & Shakers — Gregory M. Smith, Tim Kellander, and Sharon Christy Gregory M. Smith Promoted to President of Commerical Banking at Peapack-Gladstone Bank  As President of Commercial Banking at Peapack-Gladstone Bank in New Jersey, Gregory M. Smith will oversee the bank’s entire commercial banking organization, including the bank’s…

January 27, 2021 Caity RoachEditor C-Suite Wednesday —Resolving Second Draw PPP Holds and Errors When a Lender submits a PPP second draw loan application, the SBA will run the application data through a validation process. That validation process may return a hold code or error code that requires input from the Lender before the second…

January 26, 2020 Caity RoachEditor SBA Hot Topic Tuesday —  The Top 5 Updates to PPP Guidance SBA Lenders Need to Know About On December 27, 2020, the President signed the Economic Aid Act, which provides $325 billion in additional assistance to small businesses struggling to recover from the impact of the COVID-19 pandemic. Among…