Coleman Report

February 20, 2025 Bob ColemanFounder & Publisher Kelly Loeffler Confirmed as New SBA Administrator Yesterday, by a vote of 52-46, the United States Senate confirmed Kelly Loeffler as Administrator of the SBA. Congressman Rick Allen of Georgia says, “With Kelly Loeffler at the helm of the SBA, small business owners throughout the state of Georgia…

February 20, 2025 Bob ColemanFounder & Publisher Movers & Shakers Thursday — Erickson Joins TMC, First Internet Bank Names Porter Vice President, OptimumBank Gets PLP  Andrew Erickson Named Senior Vice President, Business Development Officer Servicing California’s Inland Empire “We are excited to welcome Andrew to the team,” says Kurt Chambliss, EVP of Business Development at…

February 19, 2025 Bob ColemanFounder & Publisher Lenders Urge House Small Business Committee to Streamline SBA’s SOP Last week, House Small Business Committee Chairman Roger Williams of Texas led a hearing titled “Driving Economic Growth: SBA Lending Programs and the Vital Role of Community Banks.” There was a interesting q&a between Congressman Rob Bresnahan of…

February 18, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA OIG Finds No Problems in Funding Circle’s SBLC License Issuance In the midst of the chaos surrounding the transition to a Trump 2.0 administration, the Office of Inspector General issued a report last week absolving the SBA of any poor judgment in…

February 14, 2025 Bob ColemanFounder & Publisher  Fraud Friday — Serial Criminal Gets 9 Years in Prison for $3 Million PPP Loan Fraud Earlier this week, Christopher Carroll was sentenced to 9 years in prison for a $3 million PPP loan fraud. This sentence is on the high end for a white-collar crime of this…

February 13, 2025 Bob ColemanFounder & Publisher Movers & Shakers Thursday — Mark Davis, Rhonda Smith, Eric Warfel Join Harvest as Business Development Officers Mark DavisSenior Vice President Business Development Officer Mark brings over 32 years of banking experience, with a specialization in SBA and conventional loans for the past 18 years. A proud graduate…

February 12, 2025 Bob ColemanFounder & Publisher A Detailed Look at the Securitization of the Unguaranteed Portion of SBA 7(a) Loans — Bob Coleman’s Interview with Jaime Aldama Q. Can you explain in simple terms how Momentus Securities’ new securitization platform will change the landscape for SBA 7(a) lenders? The concept is quite simple. SBA…

February 11, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — Thomas Kimsey Named SBA Associate Administrator for Capital Access President Trump has appointed Thomas Kimsey, President and CEO of Thomas Financial Group, as Associate Administrator for the Office of Capital Access. “We are immensely proud of Thomas Kimsey’s commitment to serving his country…

February 10, 2025 Bob ColemanFounder & Publisher Restaurant Bankruptcies Rival COVID-19 Numbers Says Citizens Bank in its February 2025 Restaurant Industry Insights In 2024, the restaurant industry experienced a notable surge in bankruptcies, with several well-established chains struggling to stay afloat.  This wave of bankruptcies emphasizes the urgent need for restaurant operators to innovate, streamline…

February 6, 2025 Bob ColemanFounder & Publisher Fraud Friday — Judge Refuses to Release Kris Roglieri on Bond Due to Angry, Vengeful, Violent Threats Yesterday, a federal appeals court denied Kris Roglieri’s appeal for bond and ruled he is to be jailed until his trial on five counts of loan fraud. The accused $100 million…