Gulf Coast Small Business Lending Announces Hiring of Steve Colburn and John Genga III
November 22, 2023 Delaney SextonContributing Editor Gulf Coast Small Business Lending Announces Hiring of Steve Colburn and John Genga III “Steve and John are fantastic additions to our Gulf Coast Small Business Lending team. They have many years of experience in the SBA industry, and it is great to have BDOs of their caliber representing…
Read MoreUSDA and SBA Join Forces for Rural Main Street
“Rural small businesses strengthen local economies – creating jobs and serving communities,” says SBA Administrator Isabel Casillas Guzman. “SBA’s partnership with USDA will build upon the Biden-Harris Administration’s commitment to investing in underserved rural Americans and providing the needed resources to help them start and grow their businesses to advance our economy and global competitiveness.”…
Read MoreLesley Lang-Lopez Joins Cen-Cal Business Finance as SVP
Lesly will be based in Cen Cal’s new Central Coast office in Santa Maria that will serve the Central Coast and parts of Southern California. Lang-Lopez is a respected lender known for her success in managing SBA teams and profitable lending programs. She holds an MBA with distinction from Fresno State, and has received notable…
Read MoreMissouri SBA 7(a) Lender Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 OakStar Bank (MO) 67 $58,297,500 $870,112 2 Live Oak Banking Company (NC) 14 $34,985,600 $2,498,971 3 Midwest Regional Bank (MO) 20 $19,000,000 $950,000 4 Regent Bank (OK) 27 $14,356,800 $531,733 5 U.S. Bank, National Association (OH) 79 $11,951,100 $151,280 6 Wells Fargo Bank, National Association…
Read MoreColeman Report Live! Monday, 11/20 1 pm Eastern
Here is the Microsoft Teams Invite for today’s Show at 1 pm Eastern You may also access out Youtube Live Stream at 1 pm Eastern Guests: Frank Gallegos Cen Cal Business Finance John Reosti, American Banker Lance Sexton, Fountainhead Commercial Capital
Read MoreNFIB Says 5% of Small Business Owners’ Access to Capital is #1 Challenge
Two percent of owners reported that all their borrowing needs were not satisfied. Twenty-three percent reported all credit needs met and 64% said they were not interested in a loan. A net 7% reported their last loan was harder to get than in previous attempts. Five percent of owners said that financing was their top…
Read MoreMaine SBA 7(a) Lender Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 Bangor Savings Bank (ME) 58 $10,524,400 $181,455 2 Maine Community Bank (ME) 25 $9,928,600 $397,144 3 Live Oak Banking Company (NC) 3 $6,650,000 $2,216,667 4 TD Bank, National Association (DE) 79 $6,543,700 $82,832 5 Customers Bank (PA) 4 $4,858,000 $1,214,500 6 Androscoggin Savings Bank (ME)…
Read MoreMassachusetts SBA 7(a) Lender Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 Eastern Bank (MA) 230 $41,602,200 $180,879 2 Live Oak Banking Company (NC) 21 $29,055,500 $1,383,595 3 TD Bank, National Association (DE) 203 $24,255,500 $119,485 4 Webster Bank National Association (CT) 44 $22,829,000 $518,841 5 Cambridge Savings Bank (MA) 27 $14,452,300 $535,270 6 Newtek Small Business…
Read MoreFraud Friday – 5 Individuals Indicted for Obtaining SBA Loans for Property Flipping
November 17, 2023 Delaney SextonContributing Editor Fraud Friday – 5 Individuals Indicted for Obtaining SBA Loans for Property Flipping At the head of this group of fraudsters, Mehul Ramesh Khatiwala is not only being indicted with the others for attempting to obtain over $35 million from financial institutions by providing false documentation for SBA loan…
Read MoreSolving Difficult SBA Servicing Problems w/ Lance Sexton — Training Webinar 12/6
A Coleman Training WebinarDate: Wednesday, December 6, 2023Time: 2:00 p.m. EasternDownload Registration FormA 75-minute training class that lets staff earn e-certification $800 Total Fee for all with an Email Address from your Domain$500 Single Email User License 4 Ways to Order1) Email this form to cindy@colemanreport.com2) Email bob@colemanreport.com with “Register Secondary Market Summit”3) Call or text Bob Coleman…
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