Coleman Report Update

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…

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.…

The Woodforest National Bank loan allows DreamSpring to provide microloans across 10 shared footprint states: Alabama, Florida, Georgia, Illinois, Louisiana, Mississippi, North Carolina, New York, South Carolina, and Texas. “Our collaboration with Woodforest widens the path for entrepreneurs to access much-needed capital and business resources,” says Anne Haines, President and CEO of DreamSpring. “With Woodforest…

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The next webinar in the series presented by Clark Street Capital is here! This is a free webinar. Join for a fantastic webinar from four experts with decades of experience at major financial institutions. This highly topical webinar will cover: •  Credit deterioration and early warning signs•  Prudent CRE Loan Accommodations and Workouts Guidance•  Managing the relationship transfer…

Jana Rouble, Senior Vice President tells the Coleman Report “Happy New Year, Bob! We are proud to announce that our team closed 28 loans in December to wrap up 2023. You’ll see 4 of those loans featured here. As a subsidiary of Citizens Bank, we are a preferred small business lender (PLP*) with a national…

Santa Cruz County Bank made 23 loans totaling $22.6 million in Silicon Valley for a #1 ranking by number and #3 in volume for FY23. Says Santa Cruz County Bank’s SVP, Director of SBA Lending, Susan Chandler “Our lending volume confirms our commitment to supporting small businesses to promote economic development and job growth. We…

Writes SBA Administrator Guzman to Congress “SBA will begin referring PPP and COVID EIDL small business borrowers with loans under $100,000 in default to the Treasury for IRS-led and third-party collection activities. As you are aware, currently those with loans $100,000 and over in default are already referred to the Treasury.” Read the Letter

Two transactions generated loans with Puerto Rico-based FirstBank totaling $910,000 with the State Small Business Credit Initiative 2.0 program providing $493,250 in loan guarantees—one a St. Croix-based restaurant and the other a St. Thomas fishing supply operation—retaining 14 jobs and creating eight new employment opportunities in the territory. Wayne L. Biggs Jr., chief executive officer…

RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 28 $41,657,000 $1,487,750 2 The Huntington National Bank (OH) 83 $21,882,600 $263,646 3 Newtek Small Business Finance, Inc. (NY) 41 $19,395,500 $473,061 4 The First Bank and Trust Company (VA) 33 $18,033,600 $546,473 5 First National Bank of Pennsylvania (NC)…