SBA 7(a) SOP Compliance Training Webinar Series — 3/27
Learn what Experts Know after Reviewing Over 16,000 7(a) Loans5 Weekly Online Webinars Feb 20 – Mar 27Updated for 2025 and the SBA SOP 7.1 Register for this 5-part online webinar series for your entire staff to learn what loan reviewers expect to see in a well-managed SBA loan portfolio. Your entire staff can attend…
Read MoreMovers & Shakers Thursday — Mark Davis, Rhonda Smith, Eric Warfel Join Harvest as Business Development Officers
February 13, 2025 Bob ColemanFounder & Publisher Movers & Shakers Thursday — Mark Davis, Rhonda Smith, Eric Warfel Join Harvest as Business Development Officers Mark DavisSenior Vice President Business Development Officer Mark brings over 32 years of banking experience, with a specialization in SBA and conventional loans for the past 18 years. A proud graduate…
Read MoreA Detailed Look at the Securitization of the Unguaranteed Portion of SBA 7(a) Loans — Bob Coleman’s Interview with Jaime Aldama
February 12, 2025 Bob ColemanFounder & Publisher A Detailed Look at the Securitization of the Unguaranteed Portion of SBA 7(a) Loans — Bob Coleman’s Interview with Jaime Aldama Q. Can you explain in simple terms how Momentus Securities’ new securitization platform will change the landscape for SBA 7(a) lenders? The concept is quite simple. SBA…
Read MoreColeman 2025 SBA Lender Award Winners
Emerging SBA Lenders of the Year: Heath Dietrick, Kelly Klein, Antonio Gonzales, Bryce Fennell Marketing Executives of the Year: Amanda Near, Lindsey Paley, Ray Drew SBA Podcast of the Year: SBA Today Mission Based Lender of the Year: AmPac Business Capital Lender Service Provider of the Year: Holtmeyer & Monson Woman Lender of the Year:…
Read MoreThomas Kimsey Named SBA Associate Administrator for Capital Access
February 11, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — Thomas Kimsey Named SBA Associate Administrator for Capital Access President Trump has appointed Thomas Kimsey, President and CEO of Thomas Financial Group, as Associate Administrator for the Office of Capital Access. “We are immensely proud of Thomas Kimsey’s commitment to serving his country…
Read MoreNik & Trisha Patel
Nik Patel, a former financier, was convicted of orchestrating a large-scale loan fraud scheme, in which he defrauded banks and investors out of millions of dollars by selling fraudulent USDA loan guarantees. He was sentenced to federal prison for his crimes. Trisha Patel, his wife, has been mentioned in connection with his case, but there…
Read MoreBlueacorn Founders
Blueacorn was a fintech company that helped small businesses apply for PPP loans during the pandemic. The company’s founders, Nathan Reis and Stephanie Hockridge, have been indicted for PPP loan fraud, accused of submitting fake applications with fraudulent documents and charging illegal kickbacks. They face wire fraud and conspiracy charges, each carrying up to 20…
Read MoreRestaurant Bankruptcies Rival COVID-19 Numbers
February 10, 2025 Bob ColemanFounder & Publisher Restaurant Bankruptcies Rival COVID-19 Numbers Says Citizens Bank in its February 2025 Restaurant Industry Insights In 2024, the restaurant industry experienced a notable surge in bankruptcies, with several well-established chains struggling to stay afloat. This wave of bankruptcies emphasizes the urgent need for restaurant operators to innovate, streamline…
Read MoreFraud Friday!
youtube.com/@ColemanReport Ongoing Coverage: Kris Roglieri & Prime Commercial Capital Blueacorn Founders Nik & Trisha Patel
Read MoreFraud Friday — Judge Refuses to Release Kris Roglieri on Bond Due to Angry, Vengeful, Violent Threats
February 6, 2025 Bob ColemanFounder & Publisher Fraud Friday — Judge Refuses to Release Kris Roglieri on Bond Due to Angry, Vengeful, Violent Threats Yesterday, a federal appeals court denied Kris Roglieri’s appeal for bond and ruled he is to be jailed until his trial on five counts of loan fraud. The accused $100 million…
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