Coleman Report Update
American Momentum Bank Expands Western US Footprint with Vic Calonder Appointment as Senior Vice President
“Vic has more than 20 years of banking experience along with a background in restaurant ownership and entrepreneurship,” says Patrick Fenech, senior vice president and managing director of SBA lending for American Momentum Bank. “His experience resonates with small business owners and brings added value to clients navigating the SBA loan process. We’re thrilled to…
Read MoreClark Street Capital Launches Platform for Lenders to Sell Loans in Two Weeks
Clark Street Capital has launched the “Accelerated BAN,” a new loan sale process which allows lenders to sell loans in as little as two weeks. Designed for single assets or portfolios under $5MM, Accelerated BAN is the fastest process in the industry and designed for situations in which a lender is looking to move assets…
Read MoreFLAGGL Conference 2024 Breakout Topics
From the FLAGGL Board of Directors regarding its September annual conference in Orlando . . . . . What breakout session topics would you most like to see at September’s annual FLAGGL conference? Your opinion counts! Please take 2 minutes to complete this survey: FLAGGL Conference 2024 – Breakout Topic Survey One winner will receive…
Read MoreTeresa Rogers Joins First Business Bank as Vice President – SBA Lending
Wisconsin-based First Business Bank adds Teresa Rogers to its SBA lending staff. Teresa is active with SBA lending programs and serves as Secretary on the Region VIII Board of NAGGL. She holds a Bachelor of Science degree in Economics & Government/Politics from the University of Maryland. A native of the Washington, DC, area, Teresa now…
Read MoreColeman Report Live! January 26, 2024 — Fraud Friday @ 1pm EST
Join on MS Teams Watch on YouTube Host: Bob Coleman, Owner/Editor, Coleman ReportCo-Host: Lance Sexton, Contributor, Fountainhead CCGuests: Delaney Sexton, Editor, Coleman Report
Read MoreNewtek’s Loan Pools of Unguaranteed Portion of SBA 7(a) Loans Receive Investment Ratings Upgrades
Barry Sloane, Chairman, President and Chief Executive Officer says, “We are pleased that S&P Global Ratings has upgraded their investment-grade ratings on two of the Company’s most seasoned securitizations outstanding. The loans in these securitizations were underwritten prior to COVID-19 and experienced the effects of the pandemic plus the interest rate shocks of 2022 and…
Read MoreReadycap and KeyBank Top Washington SBA 7(a) FY23 Rankings
RANK Lender # Loans $ Amount Average Loan Size 1 Readycap Lending, LLC (NJ) 39 $63,510,900 $1,628,485 2 KeyBank National Association (OH) 161 $50,169,100 $311,609 3 Umpqua Bank (CA) 108 $43,899,400 $406,476 4 Celtic Bank Corporation (UT) 23 $39,309,800 $1,709,122 5 Live Oak Banking Company (NC) 24 $37,990,100 $1,582,921 6 Washington Trust Bank (WA) 60…
Read MoreColeman Report Live! January 22, 2024 — Main Street Monday @ 1pm EST
Host: Bob Coleman, Owner/Editor, Coleman ReportCo-Host: Lance Sexton, Contributor, Fountainhead CC Watch on Microsoft Teams Watch on YouTube
Read MoreCommunity National Bank and Heritage Family FCU Top Vermont Lender SBA 7(a) FY23 Rankings
RANK Lender # Loans $ Amount Average Loan Size 1 Community National Bank (VT) 21 $2,527,500 $120,357 2 Heritage Family FCU (VT) 20 $2,499,800 $124,990 3 TD Bank, National Association (DE) 17 $2,554,000 $150,235 4 New England FCU (VT) 17 $1,272,300 $74,841 5 Manufacturers and Traders Trust Company (NY) 8 $514,900 $64,363 6 Woodsville Guaranty…
Read MoreGreater Commercial Lending Finances SBA 7(a) $4.8 Million for South Lake Tahoe Food Hall
The loan will help Cascade Kitchens transform an existing building into an innovative culinary hub. The revitalized space will include a food hall hosting various vendors, a commercial kitchen available for rent and a bar. “GCL is proud to support projects like Cascade Kitchens in South Lake Tahoe, California,” says Jeremy Gilpin, president of GCL.…
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