Coleman Report

Webinar, Thursday, April 13 A Live Streaming Training Webinar What Lenders Need to Know to Ensure the Validity of the Loan Guaranty: • SBA Loan Dollar Amount Collateral Insurance Thresholds• Collateral Insurance Required at Loan Closing• Collateral Insurance Required During Servicing• SBA Loan Servicing Matrix• How and When to Force-Place Insurance• How and When to…

March 24, 2023 Delaney SextonContributing Editor Fraud Friday – Senate Small Business Committee Demands SBA to Prioritize Fraud “A primary focus of the SBA should be to aid in the recovery of the more than $100 billion in fraudulent and improper loans made through COVID relief programs. Report after report has been released from the…

March 23, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Diane Heyden and Thomas Vo Diane Heyden Joins Lincoln Savings Bank as SVP, Head of Government Guaranteed Lending Diane Heyden, Head of Government Guaranteed Lending, joined LSB remotely in January 2023. Diane has extensive experience in SBA lending. In her most recent experience, she…

March 22, 2023 Delaney SextonContributing Editor C-Suite Wednesday – OIG Warns of Potential Risks to 7(a) Program The Inspector General prepared a white paper to report on the 7(a) loan program’s performance during the pandemic and the possible risks that could affect the management of the program. According to the report, the average 7(a) loan…

In the most chaotic week in banking since the Global Financial Crisis, the failures of Silicon Valley Bank and Signature Bank sent shockwaves throughout the financial markets, resulting in unprecedented volatility in bank stocks, bank runs, and massive federal intervention. What does this mean for the economy and your financial institution? This information and highly…

March 21, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Two-Thirds of Small Businesses Applied for Credit in 2020 The SBA’s Office of Advocacy released their annual Frequently Asked Questions About Small Business publication that “gathers the most up to-to-date statistics about American small businesses in one place.” Here are the key statistics formed…

March 20, 2023 Delaney SextonContributing Editor Main Street Monday – 7(a) Lending Surpasses $10.5 Billion in FY23 In fiscal year 2023, 7(a) lending is the highest it has been since 2018. As of the last day of February, almost $10.4 billion was approved, an increase of more than $2 billion compared to last year. Over…

March 17, 2023 Delaney SextonContributing Editor Fraud Friday – TD Bank Executive Sentenced to 10 Years After Orchestrating a PPP Fraud Scheme Daniel Hernandez, the former Regional Manager of TD Bank who previously overlooked 80 employees and over 20 bank branches, was sentenced after trying to obtain $25 million in PPP loans and EIDLs. The…

March 16, 2023 By Joseph ColemanPresident, Coleman Report CORONADO, CA — SBA Deputy Associate Administrator John Miller announced 7(a) approved dollars in FY2023 ($10.4 B) are back to the levels last seen in FY2018 ($10.5 B) at the America West Small Business Lending Conference in Coronado, CA. 504 lending in FY2023 ($2.6 B) has leveled…

March 16, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Susan Battle, Randall Bowers, Matthew Stewart Sr., and Michael Oppel Hyperion Bank Names Susan Battle as SVP & Director of SBA Lending “Susan has a reputation for working closely with entrepreneurs and other borrowers, no matter their SBA knowledge level or stage of the…