Coleman Report

March 15, 2023 Delaney SextonContributing Editor C-Suite Wednesday – Default Rates are Predicted to Rise to 3.6% in 2023 PayNet is forecasting that the loan default rate in 2023 will be 3.6%, an increase of 1.6% from the actual default rates in 2022. Further, they are predicting that this rising trend will continue in 2024…

March 14, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – New Lending is Up 11% From December According to PayNet small business insights, new loan volume was up at the start of 2023, but default rates and delinquency rates were also higher at the beginning of the year. Here are the facts from index…

March 13, 2023 Delaney SextonContributing Editor Main Street Monday – $58 Billion Budget for SBA Programs in Fiscal Year 2024 “Small businesses are the giants of our economy, and the source of our most innovative and important technological, cultural and social advancements,” says Administrator Isabella Casillas Guzman. “Yet, while many entrepreneurs are already rebounding from…

March 10, 2023 Delaney SextonContributing Editor Fraud Friday – Social Media Influencer Pleads Guilty to $1.5 Million COVID Fraud Scheme Danielle Miller flaunted trips in a private jet, a luxury hotel room, driving a Rolls-Royce, a Louis Vuitton bag, and a luxury apartment she rented in Florida to her 34,000 followers. Now she is flaunting…

March 9, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Reece Sanford, Piper Douglas, Cesar Jimenez, Jeff Smith, and Michael Hardtke River City Bank Launches New SBA Division Led by Reece Sanford and Piper Douglas Jamie Tallent, President and CEO of River City Bank shares, “Reece and Piper are highly skilled financial leaders with…

March 8, 2023 Delaney SextonColeman Editor C-Suite Wednesday – Coleman Small Business Lending Index We invite you to take our first Coleman Small Business Lending Index survey! Responses collected from the surveys are anonymous. The data will be used in future reports to inform the SBA industry of small business lender sentiment and trends within…

March 7, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Legislation was Introduced to Support Justice Impacted Individuals Entrepreneurship “Entrepreneurship can be a critical lifeline for justice impacted individuals, and it can provide inherent benefits for their families and their communities. These entrepreneurs are less likely to recidivate and more likely to employ other…

March 6, 2023 Delaney SextonContributing Editor Main Street Monday – Biden Proposes $1.6 Billion to Tackle Pandemic Fraud “We must empower law enforcement to pursue, investigate, prosecute, and recover money from those who were engaged in major or sophisticated fraud—from well-off individuals who took hundreds of thousands, if not millions, of dollars from taxpayers to…

March 3, 2023 Delaney SextonContributing Editor Fraud Friday – Final Fugitive of PPP & EIDL Fraud Ring Extradited from Montenegro After one year of being a fugitive, Tamara Dadyan was extradited by Montenegro and has been returned to the United States. In January 2022, she visited her lawyer’s office before reporting to prison, but she…

March 2, 2023 Delaney SextonContributing Editor Coleman Movers & Shakers – Armen Madatyan and Justin Spina Armen Madatyan Joins TMC Financing’s Southern California Team as SVP of Business Development Armen is an industry professional with over 18 years of experience providing financing to small businesses. Most recently, Madatyan worked at another Certified Development Company and prior…