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The next webinar in the series presented by Clark Street Capital is here! This is a free webinar. Join for a fantastic webinar from four experts with decades of experience at major financial institutions. This highly topical webinar will cover: •  Credit deterioration and early warning signs•  Prudent CRE Loan Accommodations and Workouts Guidance•  Managing the relationship transfer…

Jana Rouble, Senior Vice President tells the Coleman Report “Happy New Year, Bob! We are proud to announce that our team closed 28 loans in December to wrap up 2023. You’ll see 4 of those loans featured here. As a subsidiary of Citizens Bank, we are a preferred small business lender (PLP*) with a national…

Santa Cruz County Bank made 23 loans totaling $22.6 million in Silicon Valley for a #1 ranking by number and #3 in volume for FY23. Says Santa Cruz County Bank’s SVP, Director of SBA Lending, Susan Chandler “Our lending volume confirms our commitment to supporting small businesses to promote economic development and job growth. We…

Writes SBA Administrator Guzman to Congress “SBA will begin referring PPP and COVID EIDL small business borrowers with loans under $100,000 in default to the Treasury for IRS-led and third-party collection activities. As you are aware, currently those with loans $100,000 and over in default are already referred to the Treasury.” Read the Letter

Two transactions generated loans with Puerto Rico-based FirstBank totaling $910,000 with the State Small Business Credit Initiative 2.0 program providing $493,250 in loan guarantees—one a St. Croix-based restaurant and the other a St. Thomas fishing supply operation—retaining 14 jobs and creating eight new employment opportunities in the territory. Wayne L. Biggs Jr., chief executive officer…

RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 28 $41,657,000 $1,487,750 2 The Huntington National Bank (OH) 83 $21,882,600 $263,646 3 Newtek Small Business Finance, Inc. (NY) 41 $19,395,500 $473,061 4 The First Bank and Trust Company (VA) 33 $18,033,600 $546,473 5 First National Bank of Pennsylvania (NC)…

Coleman offers all SBA SOPs for purchase on Amazon in either paperback or hardcover form. The recently released SBA SOP 50 10 7.1 is now available! The new updates made to the SBA SOP 50 10 7, resulting in the 50 10 7.1, were made effective on November 15, 2023. Buy your copy today View…

RANK Lender # Loans $ Amount Average Loan Size 1 Mountain America FCU (UT) 139 $41,157,600 $296,098 2 America First FCU (UT) 31 $32,141,100 $1,036,810 3 Central Bank (UT) 75 $30,841,600 $411,221 4 Zions Bank, A Division of (UT) 95 $24,771,800 $260,756 5 Live Oak Banking Company (NC) 16 $24,100,000 $1,506,250 6 Community Banks of…