The second installment of Dr. Rapier’s donation was larger than the last. The Latino Coalition Foundation received $350,000 for a youth apprenticeship program. Once again, the account was dwindling right before it received Dr. Rapier’s donation. The funds were sent between Miguel Gutierrez and Hector Barreto. At times, the donation was used to pay credit…

Dr. Rapier’s first installment of a $1.35 million donation to the Latino Coalition Foundation (LCF) was $250,000. This money was intended to develop an apprenticeship program to provide training to young workers and pair them with employers in skills-based businesses. The first donation was actually used to make credit card payments and wires to Hector…

In the last year and a half, bankers have been reporting tightened credit standards and weaker demand for C&I (commercial and industrial) and CRE (commercial real estate) loans. The SBA Office of Advocacy reports that loan demand has dropped more than it did around the pandemic. Business lending grew between June 2022 and June 2023.…

Host: Bob Coleman, Owner/Editor, Coleman ReportCo-Host: Lance Sexton, Contributor, Fountainhead CCGuest: Delaney Sexton, Editor, Coleman Report Watch on Microsoft Teams Watch on YouTube

January 12, 2024 Delaney SextonContributing Editor Fraud Friday – Former SBA Administrator Barreto Sentenced to 20 Months in Prison For Embezzlement Fraud of Underprivileged Youth Programs “You all were rising stars in your respective communities – and it’s a sad day,” Judge Pullman tells Hector Barreto and his co-defendant. Calling them “poster children for all…

5 Takeaways from the 7(a) Connect Quarterly Update On Tuesday, January 9, SBA held the 7(a) connect call where they discussed the most recent and pertinent SBA updates. Here are five takeaways from the call: Watch the 7(a) Connect Quarterly Call on the Coleman Report YouTube page!