Coleman Report

May 27, 2022 Delaney SextonContributing Editor Fraud Friday – SBA Ignored Fraud Risk in PPP Loans Says SBA Inspector General “SBA did not have an organizational structure with clearly defined roles, responsibilities, and processes to manage and handle potentially fraudulent PPP loans. In addition, the agency did not establish a centralized entity to design, lead,…

May 26, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Tina Townsend, Josh Rawls, and Rick Sayward John Marshall Bank Hires Tina Townsend as a Business Development Officer “Bringing Tina’s community-driven style of banking to the John Marshall Bank team will help support the vibrant DC market. Her experience serving in various leadership roles…

May 25, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Is SBA Doing Their Job? Asks Congress Even with the major increases in SBA lending throughout the pandemic, almost 60% of small business owners did not have their capital needs met. The House Committee on Small Business held a hearing reviewing the management of the Office…

May 24, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA is Compliant with 7(a) Guaranty Purchases Improper payments occur when a lender submits for a guaranty purchase and is approved, but the Office of Inspector General later reviews the guaranty purchase and makes a determination that there was a mistake and the payment…

May 23, 2022 Delaney SextonContributing Editor Main Street Monday – Over 40% of Small Businesses have Job Openings as of Q2 Fiscal Year 22 “New data from the U.S. Census Bureau indicates that the tightening labor market is disproportionately impacting smaller businesses,” reads a report from the Office of Advocacy. The Small Business Administration’s Office…

May 20, 2022 Delaney SextonContributing Editor Fraud Friday – House Introduces Bills to Extend Statute of Limitation on PPP & EIDL Fraud “Fraudsters that obtained PPP and EIDL loans abused taxpayer funds and took money away from small businesses when they needed relief the most. Anyone that took advantage of a once-in-a-lifetime crisis to line…

May 19, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Mike Pierson, Lauren Angat, City National Bank and Key Hires Gulf Coast Small Business Lending Promotes Mike Pierson to EVP – National Sales Manager “Mike has been with us since we originally launched our SBA lending platform and we are delighted to elevate him…

May 18, 2022 Delaney SextonContributing Editor C-Suite Wednesday – SBA Launches the T.H.R.I.V.E. Training Program for Small Business Leaders “T.H.R.I.V.E. Emerging Leaders Reimagined initiative will provide up-and-coming small business leaders with tools, knowledge, and access to the best and the brightest minds in economic development to help them accelerate their growth and help them become…

May 17, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Guaranty Purchases on PPP Loans that have been Appealed SBA recently discussed guaranty purchases for PPP loans that borrowers have submitted an appeal on the final SBA loan review decision. Borrowers may appeal their partial approvals or declines on PPP forgiveness, but due to…

May 16, 2022 Delaney SextonContributing Editor Main Street Monday – Small Business Owners are Prioritizing Digital Aids to Support Business Operations “Looking longer term, entrepreneurs anticipate that emerging technologies, such as cybersecurity, 5G and automation, will become increasingly important to business success. Many business owners are also adopting digital tools at a higher rate to…