Coleman Report

September 29, 2026 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday: SBLC Default Rate 53% Higher Than Other SBA Lenders says OIG OIG Finds Higher Defaults; SBA Says One Large Lender Distorted the Results SBA’s Office of Inspector General found that nearly 15% of SBLC loans approved and disbursed from FY2016 through FY2023 had defaulted,…

September 28, 2026 Bob ColemanFounder & Publisher Main Street Monday: SBA Releases SOP 50 10 8.1 Technical Update SBA released a technical update to SOP 50 10 8.1 on September 25, less than a week before the new SOP takes effect Thursday, October 1. SBA SOP 5010 8.1 Technical Update SBA SOP 5010 8.1 Redline…

September 25, 2026 Bob ColemanFounder & Publisher Fraud Friday: Banker Processes $476,137 PPP Loan for Six-Day-Old LLC   Robledo Industries LLC was registered with the Texas Secretary of State on July 21, 2020. Six days later, Hancock Whitney Bank approved it for a $476,137 Paycheck Protection Program loan. The loan application said Robledo Industries had been…

September 24, 2026 Bob ColemanFounder & Publisher Movers & Shakers: Allyson Burkett, Matt Logan & Clint Spaeth Allyson Burkett Named SBA Construction Team Lead at First Bank of the Lake Allyson Burkett has been named Vice President, SBA Construction Team Lead at First Bank of the Lake. Burkett announced the new position this week after…

September 23, 2026 Bob ColemanFounder & Publisher A Coleman Conversation: Jared Johnson In this week’s episode of A Coleman Conversation, Bob Coleman sits down with Jared Johnson of First Internet Bank, a two-time Coleman BDO of the Year, to discuss his career in SBA lending, his specialization in business acquisitions and entrepreneurship through acquisition, and…

September 22, 2026 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday: House Bill Would Expand 504 Occupancy and CDC Closing Authority Small Manufacturers Could Occupy Only 50% of New Construction; Existing-Building Borrowers Could Lease Up to 66% A bipartisan House bill would lower the initial SBA 504 occupancy requirement for small manufacturers, allow qualifying borrowers…

September 21, 2026 Bob ColemanFounder & Publisher Main Street Monday: OnDeck Charge-Offs Running at 18.8% Annualized on Term Loans, 20.6% on Credit Lines OnDeck’s small business term loan charge-offs are running at an 18.8% annualized pace through July. Credit-line charge-offs are running at 20.6% annualized. OnDeck charged off $173.4 million in term loans during the…

September 18, 2026 Bob ColemanFounder & Publisher Fraud Friday: The Fake Billionaire and $15.5 Million in Treasury Checks  Kendrick Lamont Fugett brought a Treasury check to Bank of America and passed himself off as the billionaire businessman named on it. He had an Illinois driver’s license bearing the businessman’s name and Fugett’s photograph. The license…

September 17, 2026 Bob ColemanFounder & Publisher Movers & Shakers: Chris Hackney, Nick Campbell & Diane Gallion Chris Hackney Named Chief Lending Officer at Lendesca Chris Hackney is currently Chief Lending Officer for Lendesca which is an SBA Lender Service Provider modernizing small business lending, increasing access to capital and redefining what is possible for…

September 16, 2026 Bob ColemanFounder & Publisher A Coleman Conversation: Nick Lodovico In this week’s episode of A Coleman Conversation, Bob Coleman sits down with Nick Lodovico, President of Thomas Financial Group, to discuss the opportunities USDA lending offers banks, borrowers, and rural communities. Nick explains how Thomas Financial Group helps lenders originate, underwrite, package,…