Coleman Report

April 23, 2025 Bob ColemanFounder & Publisher Takeaways from SBA 7(a) Quarterly Connect Call My takeaways from yesterday’s SBA quarterly connect call: First, congratulations to SBA for improving its production values. It was an excellent choice to have Administrator Kelly Loeffler lead off, giving an overview and explanation of why the changes were implemented. You…

April 22, 2025 Bob ColemanFounder & Publisher SBA Releases New SOP 5010 8 (Download Here!) RIP “Do What You Do” All new materials from SBA available for download: In the first major rewrite of SOPs in 5 years, SBA has wholeheartedly rejected the “do what you do” rule and has returned guardrails to the SBA…

April 22, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — “Do What You Do” Rule Eliminated for Equity Injection Documentation This revision from last week’s procedural notice marks the first signal of the Administration’s intent to modify the “do what you do rule.” The Shift in Requirements The updated policy represents a significant…

April 21, 2025 Bob ColemanFounder & Publisher Main Street Monday — 33% of Small Businesses Say Paying Debt is a Challenge, 51% Concerned about Uneven Cash Flow Our final installment of interesting statistics from the Federal Reserve Bank’s small business credit survey: Rising costs of goods, services, and wages remain the most commonly reported financial…

April 18, 2025 Bob ColemanFounder & Publisher Fraud Friday — Blueacorn’s Stephanie Hockridge Trial Slated for May 15th With one of Blueacorn’s co-founders scheduled for trial next month, I am beginning a series of Fraud Friday reports examining PPP loan fraud.  History may very well judge this as the most egregious PPP loan fraud case.…

April 17, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Omar Morel (Sunwest Bank), Michael Carlson (Mission Valley Bank), Jason Hampton (PlainsCapital Bank) and Jordan Payne (Countybank) Sunwest Bank Adds Omar Morel as SVP, Director of Government Guaranteed Lending “We are thrilled to promote Omar as the Director of Government Guaranteed Lending,” says Carson…

April 16, 2025 Bob ColemanFounder & Publisher One-Half of All Small Businesses Apply for Financing, One-Half of Requests Get Fully Funded  Continuing our reporting from the 2025 Federal Reserve Banks’ Small Business Credit Survey on employer firms, today we focus on small business financing needs and application outcomes. More than half of firms sought some…

April 15, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA to Verify Citizenship, DOB, Adds Automatic Fraud Alerts Says SBA Administrator Kelly Loeffler. “With the help of DOGE, the SBA has already made a number of common-sense reforms to prevent the rampant fraud we’ve seen over the last four years. Unlike the…

April 14, 2025 Bob ColemanFounder & Publisher Main Street Monday — 70% of Small Businesses to Move in the Next 2 Years Says the Federal Reserve Banks’ 2025 small business credit survey. Compared to firms that relocated in the past 5 years, small businesses planning to move within the next 2 years were more likely…

April 11, 2025 Bob ColemanFounder & Publisher $10 Million PPP Loan Fraud Greed Earns Hawaii Man 87 Months in Prison The owner of a Hawaii defense contractor ran a successful small business employing 140 people with a monthly payroll of $830,000 when the pandemic hit. Navatek had an $8 million Navy contract to develop hulls…