October 8, 2020  By Caity RoachContributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Pat MacKrell, Don Jackson, and Ben Raju Pursuit Announces CEO Succession Plan Following a 20-year career with Pursuit, President and CEO, Pat MacKrell, has announced his retirement effective December 31, 2021. Tom McHale, senior vice president and a 23-year…

October 7, 2020 Caity Roach Contributing Editor C-Suite Wednesday – UK Expects 40% – 50% Default Rate on Small Business Emergency Loans The coronavirus pandemic has had a tremendous impact on small businesses internationally. While the U.S. was focused on PPP and EIDL, the UK was relying on the Bounce Back Loan (BBL) program in order…

2021 SBA Lender Compensation Plan Webinar – Industry Performance Benchmarks Home Speakers Agenda Registration Defend your SBA BDO Comp Plan to Stakeholders with Coleman’s Industry Performance Benchmarks — a 75-minute webinar that lets staff earn e-certification Date: Wednesday, October 7, 2020 Time: 2:00 p.m. Eastern Download a Registration Form Is Your SBA Lender Comp Plan…

October 5, 2020 By: Caity RoachContributing Editor Main Street Monday – 72% of Small Businesses Are Optimistic That They Will be Able to Stay Open at Least 6 Months Last week Verizon released findings from its Small Business Recovery Survey, which reveals the impact small business owners and decision-makers feel COVID-19 has had on their…

October 2, 2020 Caity RoachContributing Editor Fraud Friday – Company Poses as SBA Lender to Prey on Small Businesses Ponte Investments and its owner, John C. Ponte, were among eight companies charged by the Federal Trade Commission (FTC) for misleading small businesses into thinking that they had an affiliation with the SBA and that they…

October 1, 2020  By Caity Roach Contributing Editor Coleman Movers & Shakers — Emil Temelkov, John Crawford, Jennifer Wedzik, and Arizona Federal Credit Union Emil Temelkov joins First Bank of the Lake  “We are pleased to welcome Emil to our team. As we increase our lending presence nationwide, Emil’s expertise in Commercial Real Estate perfectly…

September 30, 2020 Caity RoachContributing Editor C-Suite Wednesday – Managing SBA Lenders who are Working from Home According to a poll conducted during the Coleman Report Live daily show earlier this week, 58% of SBA lenders are still working from home at least half of the time. As a result, their work habits, productivity, and…

September 29, 2020 By Caity Roach  Contributing Editor, Hot Topic Tuesday Hot Topic Tuesday — U.S. Senate Introduces Bill to Extend the Small Business Debt Relief Program On September 24, 2020, the U.S. Senate Committee on Small Business and Entrepreneurship introduced legislation to extend the small business debt relief program. If passed, the Small Business…

September 28, 2020 By: Caity RoachContributing Editor, Main Street Monday Main Street Monday – 60% of Small Businesses Are Now Permanently Closed Since the coronavirus pandemic emerged in the U.S. in early March, small businesses across the nation have endured six months of uncertainty. Although some businesses have been able to adapt to the changing…

September 25, 2020  By Caity RoachContributing Editor, Fraud Friday Fraud Friday— Man Arrested After Faking His Own Death to Avoid PPP Fraud Charges David Staveley, one of the first in the nation to be arrested for trying to defraud the Paycheck Protection Program (PPP), has allegedly attempted to fake his own death to avoid showing…