Easy Money, Hard Time: 19-Covid PPP Loan Fraud Stories — Releases April 2025
Delve into the gripping pages of Bob Coleman’s just released book, “Easy Money, Hard Time,” and discover the unsettling true tales of 19 individuals who exploited a global crisis for financial gain through PPP loan fraud. Order your copy from Amazon now and immerse yourself in the eye-opening true tales of opportunistic fraud! Available on…
Read MoreOne-Half of All Small Businesses Apply for Financing, One-Half of Requests Get Fully Funded
April 16, 2025 Bob ColemanFounder & Publisher One-Half of All Small Businesses Apply for Financing, One-Half of Requests Get Fully Funded Continuing our reporting from the 2025 Federal Reserve Banks’ Small Business Credit Survey on employer firms, today we focus on small business financing needs and application outcomes. More than half of firms sought some…
Read MoreBanking in the Crossfire: Earnings, Regulation & the Trade War Shake-Up — 4/22
After a euphoric honeymoon with the industry, bankers are reacting to a highly fluid and disruptive environment. A boom in bank stocks has turned into a correction as the Trump Administration pursues a high-risk strategy in reconfiguring global trade. Bankers are on high alert and adjusting to the market turmoil. Join our team of experts…
Read MoreSBA to Verify Citizenship, DOB, Adds Automatic Fraud Alerts
April 15, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA to Verify Citizenship, DOB, Adds Automatic Fraud Alerts Says SBA Administrator Kelly Loeffler. “With the help of DOGE, the SBA has already made a number of common-sense reforms to prevent the rampant fraud we’ve seen over the last four years. Unlike the…
Read More70% of Small Businesses to Move in the Next 2 Years
April 14, 2025 Bob ColemanFounder & Publisher Main Street Monday — 70% of Small Businesses to Move in the Next 2 Years Says the Federal Reserve Banks’ 2025 small business credit survey. Compared to firms that relocated in the past 5 years, small businesses planning to move within the next 2 years were more likely…
Read More$10 Million PPP Loan Fraud Greed Earns Hawaii Man 87 Months in Prison
April 11, 2025 Bob ColemanFounder & Publisher $10 Million PPP Loan Fraud Greed Earns Hawaii Man 87 Months in Prison The owner of a Hawaii defense contractor ran a successful small business employing 140 people with a monthly payroll of $830,000 when the pandemic hit. Navatek had an $8 million Navy contract to develop hulls…
Read MoreMartha McLeod New CFO at First Bank of the Lake, Neal Kyber Joins CountyBank, Harvest Welcomes Rebecca Grant & Kevin McQuade
April 10, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Martha McLeod New CFO at First Bank of the Lake, Neal Kyber Joins CountyBank, Harvest Welcomes Rebecca Grant & Kevin McQuade Martha McLeod Named Executive Vice President, CFO of First Bank of the Lake “I am so proud Martha has joined our team. Martha…
Read MoreCFPB to Roll Back Small Business Loan Data Collection, California Says No
April 9, 2025 Bob ColemanFounder & Publisher CFPB to Roll Back Small Business Loan Data Collection, California Says No The 10-Year saga of CFPB section 1071 may be coming to an end. As the new administration signals its intent to eliminate the collection of data on small business loan applications, the future of CFPB Section…
Read MoreSBA OIG Urges SBA to Investigate $200 Billion of COVID-19 Fraud
April 8, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA OIG Urges SBA to Investigate $200 Billion of COVID-19 Fraud Says the SBA Inspector General in a White Paper issued March 31, 2025: Over the course of the COVID-19 pandemic, SBA disbursed approximately $1.2 trillion of COVID-19 EIDL and PPP funds. The…
Read More20% of Main Street Applied for SBA Loans in 2024
April 7, 2025 Bob ColemanFounder & Publisher 20% of Main Street Applied for SBA Loans in 2024 From the 2025 Federal Reserve Bank Small Business Credit Survey. Some Interesting Survey Results: Access the Report here Check out our earlier reporting: Cash Reserves are the Number One Solution for Main Street Financial Challenges (April 2, 2025)
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