October 6, 2025 Ben KoplanCLU, CFP®, LifeEase When the Assignment of an Existing Life Insurance Policy within an SBA Loan May Be Inappropriate We were recently made aware of a situation where a borrower had collaterally assigned a personally held $1,000,000 life insurance policy to his lender to satisfy a condition of his business loan.…

October 6, 2025 Bob ColemanFounder & Publisher, Coleman Report Main Street Monday — SBA 7(a) up 19%, 504 up 17% for FY 2025 While I don’t have specific lender numbers for year end due to the government shutdown, SBA has released the FY25 program volumes of SBA 7(a) of $37 billion and 504 of $7.8…

October 3, 2025 Bob ColemanFounder & Publisher Law Firm Office Manager Embezzles Infant Trust Funds, Commits PPP Loan Fraud One of the warning signs of financial mismanagement in a small business is when a long-time employee holds sole control over the company’s financial accounts. In the case of legal firm office manager Todd M. Chapman,…

October 2, 2025 by Bob ColemanFounder & Publisher Movers & Shakers: Andy Nakahata, Chuck Murphy, & Brett Stacey IBank Announces Andy Nakahata as New Executive Director and CEO “Scott Wu’s visionary leadership has been instrumental in shaping IBank into a powerful engine for economic growth and innovation across California,” says Andy Nakahata. “His unwavering commitment…

October 1, 2025 Bob ColemanFounder & Publisher A Coleman Conversation: Beau Eckstein In this week’s episode of A Coleman Conversation, Bob Coleman sits down with Beau Eckstein, co-founder of Emerge Lending and Business Ownership Coach, to discuss his journey from residential lending to becoming a leading SBA loan broker and franchise financing expert. Beau shares…

October 1, 2025 Bob ColemanFounder & Publisher SBA Issues End-of-Year Clean Up to SOP 50 10 8 for 7(a) and 504 Loan Programs SBA has released Procedural Notice 5000-872764, effective September 30, 2025, announcing an end-of-year clean up to SOP 50 10 8 that impacts both the 7(a) and 504 loan programs. Below is a detailed…

October 1, 2025 Bob ColemanFounder & Publisher Happy New Year! — The Silence of the Loans It is 12:01 a.m., the first minute of the government’s FY26, and Congress has failed to pass a funding bill. The SBA is now in “lapse mode.” Like The Silence of the Lambs, what’s chilling here is the silence…

September 30, 2025 by Bob ColemanFounder & Publisher SBA Hot Topic Tuesday: SOP 50 57 4: Effective November 1, 2025 — What Lenders Must Know On Friday, SBA issued SOP 50 57 4, 7(a) Loan Servicing and Liquidation, effective November 1, 2025. Until October 31, 2025, lenders must continue using SOP 50 57 3.1. This…