Coleman Report Live! May 24, 2024 — Fraud Friday @ 1pm
Watch on Teams Watch on Youtube Host: Lance Sexton, Webinar Instructor, Coleman Report Co-Host: Delaney Sexton, Editor, Coleman Report
Read MoreMan Pleads Guilty After Applying for $13.4 Million in Pandemic Relief – Fraud Friday
May 17, 2024 Delaney SextonContributing Editor Man Pleads Guilty After Applying for $13.4 Million in Pandemic Relief – Fraud Friday “Mr. Toland’s plea reinforces a simple message. Crime does not pay,” says IRS Criminal Investigation Oakland Field Office Acting Special Agent in Charge Michael Mosley. “Our highly trained agents are experts at investigating financial crimes…
Read MoreHouse Committee Holds Hearing with Associate Administrator for Capital Access Katie Frost
May 16, 2024 Delaney SextonContributing Editor House Committee Holds Hearing with Associate Administrator for Capital Access Katie Frost “Good morning and welcome to today’s hearing which will focus on oversight of the SBA’s Office of Credit Risk Management. This office oversees the SBA’s lending programs, including the flagship 7(a) loan program. In 2023, this program…
Read MoreSouth Dakota Small Businesses: Five Fast Facts
May 16, 2024 Delaney SextonContributing Editor South Dakota Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 South Dakota Small Business Profile
Read MoreGulf Coast Small Business Lending Welcomes Tracey Tucker as SVP, BDO
May 16, 2024 Delaney SextonContributing Editor Gulf Coast Small Business Lending Welcomes Tracey Tucker as SVP, BDO “Tracey is a fantastic addition to our growing and experienced Gulf Coast Small Business Lending team. With over 25 years of successful experience in the SBA industry, it is great to have a BDO of her caliber on…
Read MoreCalculating Cash Flow the SBA Way in 2025 — 3/26
Meeting SBA’s likely ability to repay(*) standardFor Credit Memos Over $500,000 A Coleman Webinar for SBA Loan Underwriters! A Coleman Training WebinarDate: Wednesday, March 26, 2025Time: 2:00 p.m. EasternDownload a Registration FormA 75-Minute Training Class That Lets Staff Earn E-Certification With Prime Rate at 25-year highs, calculating cash of your SBA loan borrower is a…
Read MoreAlmost a Third of Small Businesses Borrow Once Every Quarter
May 15, 2024 Delaney SextonContributing Editor Almost a Third of Small Businesses Borrow Once Every Quarter In April, small business optimism increased for the first time in 2024, but this is the 28th consecutive month that optimism is below the 50-year average. Regarding credit conditions, NFIB Chief Economist Bill Dunkelberg writes, “Although the interest rate…
Read MoreSouth Carolina Small Businesses: Five Fast Facts
May 15, 2024 Delaney SextonContributing Editor South Carolina Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 South Carolina Small Business Profile
Read MoreKabbage Agrees to Pay $120 Million to Resolve PPP Fraud Allegations
May 14, 2024 Delaney SextonContributing Editor Kabbage Agrees to Pay $120 Million to Resolve PPP Fraud Allegations “When the nation was facing a pandemic-induced crisis, Kabbage received tens of millions of dollars through the PPP to help lend taxpayer funds to businesses in need. Instead of safeguarding those funds, Kabbage doled out inflated and fraudulent…
Read MoreTMC Financing Expands 504 Lending into Hawaii
May 14, 2024 Delaney SextonContributing Editor TMC Financing Expands 504 Lending into Hawaii “Our expansion into Hawaii represents a significant milestone in our mission to advocate for small businesses,” Kurt Chambliss, Executive Vice President at TMC Financing explains. “SBA 504 lending solutions empower local entrepreneurs and foster Hawaii’s economic growth.” TMC Financing, the nation’s top provider of…
Read More