Coleman Report | Coleman Report

By Bob ColemanEditor, C-Suite Wednesday Main Street Recovery Unclear, PPP Loans Lower Delinquencies, Bank Income up ⅓, Credit Boxes Shrink Says Fed While the outlook for small business lending in 2021 is unclear — the recovery for Main Street remains uneven, but is on par with previous recessions, says the FDIC in its just released…

SBA Hot Topic Tuesday — CPR Report: Actual SBA 7(a) Prepays Remain Low By Bob JudgeEditor, CPR Report In March, total prepays, including paid excess principal (ACPR), came in at 7.13%, a 27% decrease from last month’s reading of 9.80%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came…

May 10, 2021 Caity RoachEditor Main Street Monday – California Small Business Owners Remain Optimistic “California small business owners were hit especially hard and adapted to complex restrictions for longer periods of time than those in other states,” says Todd Hollander, Head of Small Business Banking at Union Bank. “But despite the challenges, many small…

May 7, 2021 Caity RoachEditor Fraud Friday – New York Banker Uses Paid Off Loans to Conceal Fraud “Gangadai Azim betrayed her position as a trusted bank employee to defraud the bank and misappropriate client funds for more than a dozen years,” says U.S. Attorney Audrey Strauss. “She allegedly stole more than $1.7 million and…

May 6, 2021 Caity RoachEditor Coleman Movers & Shakers – David Menoian, Brian King, and First Internet Bank David Menoian Promoted to Government Guaranteed Lending Business Unit President “I look forward to seeing the group’s growth under David’s helm,” says Crestmark Division President, Christopher Soupal. “He has exhibited solid leadership and a strong aptitude for business…

May 5, 2021 Caity RoachEditor C-Suite Wednesday – SBA 7(a) Lending Activity Surpasses Pre-Pandemic Level Throughout 2020 and early 2021 traditional SBA 7(a) lending slumped as borrowers opted for Paycheck Protection Program (PPP) loans. However, according to the SBA’s most recent lending report, 2021 7(a) lending activity by dollar amount recently surpassed pre-pandemic levels and…

May 5, 2021 Caity RoachEditor The Paycheck Protection Program General Fund Has Been Exhausted Yesterday, the Small Business Administration informed trade associations that Paycheck Protection Program funding has been exhausted and that the application portal has stopped accepting new applications for loans from most lenders. $6 billion in funding remains available for previously submitted loan…

May 4, 2021 Caity RoachEditor SBA Hot Topic Tuesday — Small Business Lending Activity Improves to Pandemic Era High According to PayNet’s most recent issue of Strategic Insights, Small business lending activity has reached a pandemic era high and is now 2% higher than the last pre-pandemic reading. Additionally, delinquencies have fallen to their lowest…

May 3, 2021 Caity RoachEditor Main Street Monday – U.S. Small Business Recovery Only Slightly Outpaces the Global Average “Since the start of the pandemic more than a year ago, small businesses around the world have struggled, says Facebook Chief Operating Officer, Sheryl Sandberg. “While the roll-out of vaccines and the easing of lockdowns in…

April 30, 2021 Caity RoachEditor Fraud Friday – The Prevalence of PPP Loan Fraud Remains Uncertain The Department of Justice, law enforcement agencies, and government watchdogs continue to report ongoing efforts related to identifying and prosecuting Paycheck Protection Program (PPP) fraud. However, the overall prevalence of fraud throughout the program remains unclear. The Association of…