Coleman Report

April 18, 2025 Bob ColemanFounder & Publisher Fraud Friday — Blueacorn’s Stephanie Hockridge Trial Slated for May 15th With one of Blueacorn’s co-founders scheduled for trial next month, I am beginning a series of Fraud Friday reports examining PPP loan fraud.  History may very well judge this as the most egregious PPP loan fraud case.…

April 17, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Omar Morel (Sunwest Bank), Michael Carlson (Mission Valley Bank), Jason Hampton (PlainsCapital Bank) and Jordan Payne (Countybank) Sunwest Bank Adds Omar Morel as SVP, Director of Government Guaranteed Lending “We are thrilled to promote Omar as the Director of Government Guaranteed Lending,” says Carson…

April 16, 2025 Bob ColemanFounder & Publisher One-Half of All Small Businesses Apply for Financing, One-Half of Requests Get Fully Funded  Continuing our reporting from the 2025 Federal Reserve Banks’ Small Business Credit Survey on employer firms, today we focus on small business financing needs and application outcomes. More than half of firms sought some…

April 15, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA to Verify Citizenship, DOB, Adds Automatic Fraud Alerts Says SBA Administrator Kelly Loeffler. “With the help of DOGE, the SBA has already made a number of common-sense reforms to prevent the rampant fraud we’ve seen over the last four years. Unlike the…

April 14, 2025 Bob ColemanFounder & Publisher Main Street Monday — 70% of Small Businesses to Move in the Next 2 Years Says the Federal Reserve Banks’ 2025 small business credit survey. Compared to firms that relocated in the past 5 years, small businesses planning to move within the next 2 years were more likely…

April 11, 2025 Bob ColemanFounder & Publisher $10 Million PPP Loan Fraud Greed Earns Hawaii Man 87 Months in Prison The owner of a Hawaii defense contractor ran a successful small business employing 140 people with a monthly payroll of $830,000 when the pandemic hit. Navatek had an $8 million Navy contract to develop hulls…

April 10, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Martha McLeod New CFO at First Bank of the Lake, Neal Kyber Joins CountyBank, Harvest Welcomes Rebecca Grant & Kevin McQuade Martha McLeod Named Executive Vice President, CFO of First Bank of the Lake  “I am so proud Martha has joined our team. Martha…

April 9, 2025 Bob ColemanFounder & Publisher CFPB to Roll Back Small Business Loan Data Collection, California Says No The 10-Year saga of CFPB section 1071 may be coming to an end. As the new administration signals its intent to eliminate the collection of data on small business loan applications, the future of CFPB Section…

April 8, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA OIG Urges SBA to Investigate $200 Billion of COVID-19 Fraud Says the SBA Inspector General in a White Paper issued March 31, 2025: Over the course of the COVID-19 pandemic, SBA disbursed approximately $1.2 trillion of COVID-19 EIDL and PPP funds.  The…

April 7, 2025 Bob ColemanFounder & Publisher 20% of Main Street Applied for SBA Loans in 2024 From the 2025 Federal Reserve Bank Small Business Credit Survey. Some Interesting Survey Results: Access the Report here Check out our earlier reporting: Cash Reserves are the Number One Solution for Main Street Financial Challenges (April 2, 2025)