Coleman Report Update

SBA revised and renewed SBA Form 1919, “SBA 7(a) Borrower Information Form”; and SBA Form 2237, “7(a) Post-Approval Action Checklist”. SBA renewed without revision SBA Form 1971, “Religious Eligibility Worksheet”. SBAeliminated SBA Form 1920, “Lender’s Application for Loan Guaranty”; and is replacing SBAForm 2449, “Community Advantage Addendum (7(a) Pilot Program)” with the new SBA Form3518,…

RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 25 $40,173,800 $1,606,952 2 The Huntington National Bank (OH) 92 $28,458,000 $309,326 3 Newtek Small Business Finance, Inc. (NY) 26 $14,912,500 $573,558 4 Newtek Bank, National Association (FL) 21 $13,782,500 $656,310 5 First Bank of the Lake (MO) 8 $13,304,100…

RANK Lender # Loans $ Amount Average Loan Size 1 First Bank & Trust (SD) 14 $15,963,900 $1,140,279 2 Byline Bank (IL) 2 $7,705,000 $3,852,500 3 First Interstate Bank (MT) 18 $5,417,400 $300,967 4 Black Hills FCU (SD) 27 $4,614,200 $170,896 5 Enterprise Bank & Trust (MO) 1 $3,071,000 $3,071,000 6 GBC International Bank (CA)…

A Georgia attorney and former City of Atlanta police officer was convicted of fraudulently obtaining over $7 million in PPP loans last week.  Shelitha Robertson submitted PPP loan applications on four businesses she owned. The applications consisted of photoshopped false tax returns and employment records. Her defense that she was duped by former friend and…

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RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 121 $207,203,900 $1,712,429 2 Wallis Bank (TX) 80 $138,772,200 $1,734,653 3 The Huntington National Bank (OH) 388 $99,083,000 $255,369 4 Newtek Small Business Finance, Inc. (NY) 121 $81,986,100 $677,571 5 Readycap Lending, LLC (NJ) 108 $76,724,800 $710,415 6 First Internet…

RANK Lender # Loans $ Amount Average Loan Size 1 Live Oak Banking Company (NC) 29 $44,210,300 $1,524,493 2 Pinnacle Bank (SC) 25 $25,642,700 $1,025,708 3 SouthState Bank, National Association (FL) 42 $20,273,700 $482,707 4 United Community Bank (SC) 20 $19,160,000 $958,000 5 GBank (NV) 7 $18,850,000 $2,692,857 6 TD Bank, National Association (DE) 121…

RANK Lender # Loans $ Amount Average Loan Size 1 Bristol County Savings Bank (MA) 13 $6,599,800 $507,677 2 Citizens Bank, National Association (RI) 6 $6,060,300 $1,010,050 3 HarborOne Bank (MA) 21 $6,030,000 $287,143 4 Bank Rhode Island (RI) 20 $4,878,500 $243,925 5 Berkshire Bank (MA) 2 $4,727,000 $2,363,500 6 Live Oak Banking Company (NC)…

RANK Lender # Loans $ Amount Average Loan Size 1 Banco Popular de Puerto Rico (PR) 288 $50,625,900 $175,784 2 Oriental Bank (PR) 106 $13,687,400 $129,126 3 FirstBank Puerto Rico (PR) 53 $13,115,900 $247,470 4 BayFirst National Bank (FL) 2 $2,880,000 $1,440,000 5 Economic Development Bank for Puerto Rico (PR) 7 $1,331,000 $190,143 6 Corp.…

Says Marketing Director Tyler Massas, “Jeff Girling is a seasoned professional in commercial real estate finance on a national level, with a notable impact in the Midwest and greater Chicagoland area.  “With a career spanning over two decades, Jeff has earned a reputation for his experience in navigating the intricacies of commercial real estate. His…