Coleman Movers & Shakers – Joseph Pedrotti, Kevin Bieber, and Cody Beech
August 10, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Joseph Pedrotti, Kevin Bieber, and Cody Beech Joseph Pedrotti Named VP, Senior Commercial Lender for Pathfinder Bank “We are thrilled to welcome Joe to our team,” says Ronald Tascarella, First Vice President and Chief Lending Officer. “With his wealth of knowledge in commercial banking…
Read MoreC-Suite Wednesday – 25% of Small Businesses Had Their Borrowing Needs Met
August 9, 2023 Delaney SextonContributing Editor C-Suite Wednesday – 25% of Small Businesses Had Their Borrowing Needs Met In the last four months, business owners have shown a steady increase in small business optimism according to findings from the NFIB’s July Small Business Economic Trends report. Though optimism has risen throughout the summer months, uncertainty…
Read MoreSBA Hot Topic Tuesday – Small Business Lending Totals in the 10 Most Populated Cities
August 8, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Small Business Lending Totals in the 10 Most Populated Cities The SBA Office of Advocacy launched a new series titled Small Business Profiles for Major Metropolitan Areas. Of the data provided, the reports show small business lending trends in metropolitan areas across the country.…
Read MoreNew for SOP 5010 7! — SBA 7(a) Loan Closer Certified Training w/ Lance Sexton Effective August 1
Revised for SOP 5010 7 – Effective August 1, 2023 Coleman's Certified SBA 7(a) Loan Closer Training SBA 7(a) Loan Closer Training $1,495.00 USD Coleman Certified Loan Training solves the single biggest cause of SBA guaranty denials — errors with your closing documents. If your loan closers fail to comply with tricky—intricate—and new — SOP…
Read MoreMain Street Monday – C&I Loan Default Rates are at 12.5% & CRE Loan Defaults Reach 20%
August 7, 2023 Delaney SextonContributing Editor Main Street Monday – C&I Loan Default Rates are at 12.5% & CRE Loan Defaults Reach 20% Last week, Coleman Report streamed the fourth of a series of webinars, “Navigating the New Banking Landscape: Strategies and Solutions”. Jon Winick, Christopher Marinac, Edward Hida, and Jason Kuwayama came together to…
Read MoreFraud Friday – PPP Lender Who Fraudulently Gained $71.3 Million in Fees Sentenced to 4.5 Years
August 4, 2023 Delaney SextonContributing Editor Fraud Friday – PPP Lender Who Fraudulently Gained $71.3 Million in Fees Sentenced to 4.5 Years U.S. Attorney Damian Williams says: “Martinez lied to get money that was supposed to help people through the challenges of COVID-19. He lied so that he could fund a lavish lifestyle of cars,…
Read MoreColeman Movers & Shakers – Josh Riley, Jerry Benko, Douglas Parker, and David Schmidt
August 3, 2023 Delaney SextonContributing Editors Coleman Movers & Shakers – Josh Riley, Jerry Benko, Douglas Parker, and David Schmidt The Middlefield Banking Company Expands Commercial Banking Team with Josh Riley and Jerry Benko “Josh and Jerry are proven bankers both with over 20 years of experience serving the unique needs of their respective markets,”…
Read MoreC-Suite Wednesday – Loan Demand is Dropping and Banks are Tightening Credit Conditions
August 2, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Loan Demand is Dropping and Banks are Tightening Credit Conditions Loan officers across the country reported tightening credit standards and lower demand for all loan categories in The Federal Reserve’s Senior Loan Officer Opinion Survey. For commercial and industrial (C&I) loans, tighter standards and weaker demand…
Read MoreSBA Hot Topic Tuesday – The SOP 50 10 7 and Other SOPs Are Effective Today
August 1, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – The SOP 50 10 7 and Other SOPs Are Effective Today Beginning today, the SOP 50 10 7 is effective and will apply to every loan application received during or after today. The SOP 50 57 3 is also effective starting today, and the…
Read MoreFraud Friday – Ernst Introduced a Bill to Return All Dollars Lost to “SBA Fast Fraud Drive-Thru”
July 28, 2023 Delaney SextonContributing Editor Fraud Friday – Ernst Introduced a Bill to Return All Dollars Lost to “SBA Fast Fraud Drive-Thru” “Ex-cons, gang members, and drug traffickers – oh my! SBA’s fast fraud, made to order, allowed criminals to go on COVID spending sprees while thousands of deserving businesses in Iowa were left…
Read More