Dorothy M. Thomas Named Main Street Lender of the Year
December 7, 2020 Caity RoachContributing Editor Coleman’s 2020 SBA Lender Professional Awards — Dorothy M. Thomas Named Main Street Lender of the Year Congratulations to Dorothy M. Thomas, Coleman’s 2020 SBA Main Street Lender of the Year. “Dorothy has had a positive impact in her profession,” says Frank Gallegos, Executive Director at Cen Cal Business…
Read MoreMain Street Monday — Small Business Revenue is 31% Lower Than It Was at the Beginning of the Year
December 7, 2020 Caity RoachEditor Main Street Monday — Small Business Revenue is 31% Lower Than It Was at the Beginning of the Year Last Thursday, the National Association of Professional Employer Organizations (NAPEO) released its quarterly Small Business Snapshot, which shows that daily revenue among small businesses is 31% lower than it was when…
Read MoreFraud Friday — Crown Bank CEO Sentenced to a Year in Prison for Defrauding Investors
December 4, 2020 Caity RoachEditor Fraud Friday — Crown Bank CEO Sentenced to a Year in Prison for Defrauding Investors The former CEO of Minneapolis-based Crown Bank, Peter Dahl, has been sentenced to a year and a day in federal prison for using bank customer accounts to cover his own personal debts and abusing his…
Read MoreWhat You Need to Know to Process Flawless PPP Forgiveness Applications
What You Need to Know to Process Flawless PPP Forgiveness Applications Home Speakers Agenda Registration 75 minutes of Online Training for your staff Processing applications under $50,000 Processing applications $50,000 – $2,000,000 Processing applications Over $2,000,000 A Coleman Webinar Date: Wednesday, December 9, 2020 Time: 2:00 p.m. Eastern Download a Registration Form What You Need…
Read MoreColeman’s PPP Forgiveness Lender’s Guide
Coleman’s PPP Forgiveness Lender’s GuideOne Time Annual Fee: $489 Download an Order Form This 95 page guide reflects all Congressional, U.S. Treasury, and SBA guidelines on PPP loan forgiveness. It Includes infographics on the PPP forgiveness process, a timeline of PPP forgiveness related events, an overview of the three different PPP forgiveness applications, summaries of…
Read MoreColeman Movers & Shakers — Colony Bank, Mike Hix, and Richard Smith
December 3, 2020 Caity RoachEditor Coleman Movers & Shakers — DeeDee McIntyre, James Stolt, and Dan Timm Heritage Southeast Bank Hires DeeDee McIntyre as Senior SBA and USDA Lender “DeeDee has a deep knowledge of SBA loans and standard operating procedures as well as a thorough banking and lending background,” says Leonard Moreland, CEO of…
Read MoreC-Suite Wednesday — SBA OIG Highlights Opportunities to Improve Section 1112 Debt Relief Payment Controls
December 2, 2020 Caity Roach Editor C-Suite Wednesday — SBA OIG Highlights Opportunities to Improve Section 1112 Debt Relief Payment Controls On December 1, 2020, the SBA OIG released a report on the CARES Act Section 1112 debt relief payments provided to 7(a) borrowers. The review found that SBA effectively ensured more than 224,000 borrowers…
Read MoreHot Topic Tuesday — Half of Small Business Say They Need Additional Support in the Next 12 Months
December 1, 2020 Caity Roach Contributing Editor Hot Topic Tuesday — Half of Small Business Say They Need Additional Funding in the Next 12 Months The Paycheck Protection program (PPP) provided over $525 billion to 5 million small businesses across the United States. However, since the program ended nearly four months ago, the need for…
Read MoreMain Street Monday — 27% of Small Business Owners Expect Better Business Conditions in the Next Six Months
November 30, 2020 Caity RoachContributing Editor Main Street Monday — 27% of Small Business Owners Expect Better Business Conditions in the Next Six Months According to NFIB’s Small Business Economic Trends quarterly report, small business optimism in October remained unchanged from September, a historically high reading. Small businesses also indicated a historically high level of…
Read MoreC-Suite Wednesday — SBA PPP Loan Forgiveness Decisions Reach $38 Billion
November 25, 2020 Caity Roach Editor C-Suite Wednesday — SBA PPP Loan Forgiveness Decisions Reach $38 Billion According to the PPP webpage, the SBA has approved 5.2 million PPP loans worth over $525 billion. However, data released November 22, 2020, suggests that the SBA has only made forgiveness decisions on 7% of the total number…
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