Coleman Report

January 26, 2020 Caity RoachEditor SBA Hot Topic Tuesday —  The Top 5 Updates to PPP Guidance SBA Lenders Need to Know About On December 27, 2020, the President signed the Economic Aid Act, which provides $325 billion in additional assistance to small businesses struggling to recover from the impact of the COVID-19 pandemic. Among…

January 25, 2021 Caity RoachEditor Main Street Monday — Over 250,000 UK Small Businesses Set to Close Despite the UK’s best efforts to support SMBs with their Bounce Back loan program, a recent study conducted by the Federation of Small Businesses (FSB), found a record number of UK small business owners are planning to close…

January 22, 2021 Caity RoachEditor Fraud Friday — Court Overturns Wilmington Trust Bank Executives’ Convictions “I never understood why this case was brought,” says defense attorney, Michael Kelly. “In my view, this case was an incredible waste of taxpayer dollars that literally ruined the lives of four innocent people.”  As a result of a recent…

January 21, 2021 Caity RoachEditor Coleman Movers & Shakers — Hunter Deweese, Micah Adams, and Geoffrey McGivern Thomas “Hunter” Deweese to Serve as SBA President for Southern Bancorp “We are excited to have Hunter serve in this new role, and we look forward to the economic impact the SBA lending team will have on small…

PPP Loan Forgiveness and Calculating the 1st and 2nd Draws Final Guidance Stuff Your Borrowers Need to Know to Maximize Forgiveness AND What You Need to Know to Minimize Lender PPP Guaranty Denials and Repairs Home Speakers Agenda Registration What’s Inside SBA’s New PPP Loan Forgiveness App? A Coleman Webinar Date: Thursday, January 28, 2021 Time:…

January 20, 2021 Caity RoachEditor C-Suite Wednesday — SBA Plum Book Jobs Just ahead of New Year’s Eve, the Government Publishing Office (GPO) released the latest Plum Book,  a compendium of more than 9,000 Federal civil service leadership and support positions in the executive and legislative branches that the new presidential administration must fill in…

January 19, 2021 Caity RoachEditor SBA Hot Topic Tuesday — Nearly 55,000 PPP Loans Went to Potentially  Ineligible Businesses “SBA’s efforts to hurry capital to businesses were at the expense of controls that could have reduced the likelihood of ineligible or fraudulent business obtaining a PPP loan,” says the SBA OIG in a report issued…

January 15, 2021 Caity RoachEditor Fraud Friday — Bookkeeper Gets 4 Years in Prison for Embezzling Over $1 Million from Medical Practice “I got caught up in living a double life, things just spiraled out of control,” Anndrea Jacobs told the Judge at her sentencing hearing.  Former Oregon medical practice office manager and bookkeeper, Anndrea…

January 14, 2021 Caity RoachEditor Coleman Movers & Shakers — Isabel Guzman, Amy Bassett, Kelley Groth, and Bailey Wolff President-Elect Biden Announces Nomination of Isabel Guzman as SBA Administrator Currently serving as Director of California’s Office of the Small Business Advocate and a key leader in the state’s COVID-19 economic recovery, Isabel Guzman works closely…

January 13, 2021 Caity RoachEditor C-Suite Wednesday — SBA Reopens PPP to Community Financial Institutions The  Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (EAA) set aside $15 billion in new PPP funding for community financial institutions (CFIs) to ensure increased access for minority, underserved, veteran, and women-owned business concerns. The SBA defines…