December 16, 2020 Caity Roach Editor C-Suite Wednesday — FSOC Recommendations May Mean More Oversight for SBA   “The outbreak of the COVID-19 pandemic is the biggest external shock to hit the post-war U.S. economy,” says the Financial Stability Oversight Council (FSOC) in its 2020 annual report. “As businesses and establishments shut down in March and…

December 14, 2020 Caity Roach Editor Hot Topic Tuesday — ICBA Continues to Push for Removal of EIDL Advance Deduction Independent Community Bankers of America (ICBA), in conjunction with 44 state banking associations, continues to push Congress to pass legislation that would effectively remove the $10,000 Economic Injury Disaster Loan (EIDL) Advance grant deduction from…

December 14, 2020 Caity RoachEditor Mainstreet Monday — Coleman’s 13th Annual 2020 SBA Secondary Market Summit  Coleman and Government Loan Solutions’ 13th Annual 2020 SBA Secondary Market Summit will be held in a virtual format for the first time next week. Session 1 will be held on Thursday, December 17, 2020, from 2:00 pm ET…

December 11, 2020 Caity RoachEditor Coleman 2020 Lender Professional Awards – 504, Rural, and BDO SBA 504 Lender of the Year Ross Pancoe Congratulations to Coleman’s SBA 504 Lender of the Year, Ross Pancoe! “Ross has accomplished much in the world of SBA 504 lending so early in his career,” says Jim Conroy, incoming president…

Avoid Enforcement Actions SBA Can Impose on Your Lending Programs Home Speakers Agenda Registration What you Need to Know about: SBA as your New Regulator SBA OCRM 7(a) Lender Reviews Lender Monetary Fines Corrective Formal and Informal Findings PARRiS Score Benchmark Ratings A Coleman Webinar Date: Wednesday, December 22, 2020 Time: 2:00 p.m. Eastern Download…

December 10, 2020 Caity RoachEditor Coleman 2020 Lender Professional Awards- PPP, Mission-Based, and Emerging PPP Lenders of the Year Congratulations to Coleman’s 2020 PPP Lenders of the Year, Marisa Levitsis , Natalie Falatek, and Eric Flik! Marisa Levitsis “Marisa was an integral part in getting SaviBank’s PPP program off the ground and thriving,” says Joel…

December 9, 2020 Caity RoachEditor Salil Mishra and Jason Stewart named Coleman’s SBA 7(a) Lenders of the Year  Salil Mishra “Salil Mishra has been with the Bank, nearly since its inception ten years ago, rising to the level of Chief Lending Officer in that time. It is no accident that, in the same time period,…

December 9, 2020 Caity Roach Editor C-Suite Wednesday — SOP 50 53 2 Adds New Lender Oversight Fees  On December 7, 2020, the SBA’s Office of Credit Risk Management (OCRM) announced the issuance of SOP 50 53 2 on Supervision and Enforcement, which goes into effect January 1, 2020. The new SOP incorporates recent legislation,…

December 8, 2020 Caity RoachContributing Editor Rosaline Aguirre Fletcher Named Coleman’s 2020 Woman Lender of the Year Congratulations to Rosaline Aguirre Fletcher, Coleman’s 2020 Woman Lender of the Year. Fletcher is a Senior Vice President at BBVA and currently serves as the Sales Manager for their Compass SBA Division.  She has over 29 years of…

December 8, 2020 Caity Roach Editor Hot Topic Tuesday — SBA OIG Says Managing Stimulus is the Greatest Challenge Facing SBA “This semiannual period has been like no other in the history of SBA,” says SBA Inspector General, Hannibal ‘Mike’ Ware in the Fall 2020 Semiannual Report to Congress. “The focus of our work has…