$25 Million SBA Loan Fraud Exploits Valid IRS Filings
May 30, 2025 Bob ColemanFounder & Publisher Fraud Friday: $25 Million SBA Loan Fraud Exploits Valid IRS Filings Eighteen individuals from Southern California’s San Fernando Valley and Glendale predominately Armenian community are facing federal charges for perpetrating a $25 million scam involving fraudulent SBA PLP and PPP loans. What sets this case apart is how…
Read MoreTHIS JUST IN! SBA Issues Technical Update to SOP 5010 8 — Effective June 1, 2025
May 29, 2025 Bob ColemanFounder & Publisher THIS JUST IN! SBA Issues Technical Update to SOP 5010 8 — Effective June 1, 2025 Yesterday SBA dropped a new Technical Update to SOP 5010 8, officially replacing the version originally published on April 22, 2025. The changes go into effect for any loan that gets an…
Read MoreMovers & Shakers — Heyden, Pickhardt, Greene, Bristow
May 29, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Heyden, Pickhardt, Greene, Bristow West Coast Community Bank Hires Diane Heyden as Senior Vice President, Director of SBA Lending West Coast Community Bank (WCCB) is pleased to announce Diane Heyden has joined as Senior Vice President and Director of Small Business Administration (SBA) Lending.…
Read MoreColeman’s Certified SBA 7(a) Loan Closer Training II
10-Week Updated Loan Closer Online Course | New & Updated for 2025 | $1495 Elevate Your Closing Expertise Ready to grow your SBA 7(a) loan closing knowledge? Coleman’s Certified SBA Loan Closer II Training is a great way to strengthen your understanding of SBA loan closing, with practical lessons covering both everyday and specialized topics—now…
Read MoreFLAGGL Conference 2025 – From Orlando with Love
Registration is now open for FLAGGL 2025! Read more and register here: flagglconference.com This year’s conference will be entirely IN-PERSON. Join a cross-section of attendees from various lending institutions throughout the state of Florida to learn from SBA lending industry experts and network with fellow colleagues at one of the industry’s top-rated conferences. The FLAGGL…
Read MoreColeman Community Advantage Lenders Council
Membership for Your Team Includes Monthly Teams Virtual Meeting & Community Advantage Lenders Report Joining the Coleman Community Advantage Lenders Council gives your whole team direct, unlimited access to a trusted network of peers, policymakers, and SBA lending experts who are shaping the future of Community Advantage and SBLC programs. As a member, you’ll participate…
Read MoreSBA Hot Topic Tuesday — Administrator Loeffler’s Support of a $10 Million 7(a) Loan Cap for Manufacturers
May 27, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — Administrator Loeffler’s Support of a $10 Million 7(a) Loan Cap for Manufacturers The following passage has been condensed and edited from Administrator Kelly Loeffler’s testimony before the Senate Small Business Committee last week: Thank you Chair Ernst, Ranking Member Markey, and Committee Members…
Read MoreKris Roglieri’s Chief Operating Officer Pleads Guilty to Loan Fraud
May 23, 2025 Bob ColemanFounder & Publisher Kris Roglieri’s Chief Operating Officer Pleads Guilty to Loan Fraud Christopher Snyder, former Chief Operating Officer of Prime Capital Ventures, has agreed to plead guilty to one count of conspiracy to commit wire fraud. This development is part of a larger fraud case involving three co-conspirators. The main…
Read MoreMovers & Shakers — John Ashkar, Bryan Anguiano, Layla Powell
May 22, 2025 Bob ColemanFounder & Publisher Movers & Shakers — John Ashkar, Bryan Anguiano, Layla Powell John Marshall Bank Hires John Ashkar as SVP, Director of Business Banking to Lead Business Banking Team “Bringing John onto the JMB team reflects the Bank’s commitment to the success of our small business clients,” says Jason R.…
Read MoreSOP 5010 8 SBA Underwriting After Elimination of the “Do What You Do” Rule — 6/5
SBA SOP 5010 8 Webinar for Your Whole Staff at One Low Fee — SBA Underwriting After Elimination of the “Do What You Do” Rule A Coleman WebinarDate: Thursday, June 5, 2025Time: 2:00 p.m. EasternIncludes e-certification & recording ….. This Just In: SBA’s new SOP 5010 8 reimposes lender underwriting guardrails and promises a return…
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