Coleman Report

October 11, 2022 Delaney SextonContributing Editors SBA Hot Topic Tuesday – Coleman’s 2022 BDO Summit Last week, Coleman held their 2022 BDO Summit to honor Coleman’s Business Development Officers of the Year at the Arizona Biltmore Hotel in Phoenix. During the Keynote Address by Bob Judge, he discussed that we have not seen a prolonged…

October 10, 2022 Delaney SextonContributing Editor Main Street Monday – Small Business Growth in Suburbia is Almost Triple than Downtown ”Overall, Yelp data shows the average yearly business growth during the pandemic is accelerating faster in non-downtown neighborhoods compared to downtown areas, and business growth in 2022 is greater in non-downtown areas compared to the…

October 7, 2022 Delaney SextonContributing Editor Fraud Friday – Kabbage is Bankrupt “The actions we take today are in line with KServicing’s mission to support PPP borrowers through their loan forgiveness process, provide loan processing services to partner banks, and wind down the Company’s existing loan portfolio,” Laquisha Milner, Chief Executive Officer, states. “During the…

A Live Streaming Webinar Affiliation-Ensure Compliance with SBA’s Definitions for Correct DecisionsIdentify Entities SBA Considers an Affiliate of Your Loan Applicant A Coleman WebinarDate: Wednesday, October 12, 2022Time: 2:00 p.m. Eastern(Includes Checklist and Recording)Download Registration Form A major factor of SBA loan denials is the lender’s failure to identify an affiliated business of the applicant.…

October 6, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Charlie Bell Retires After Decades in the SBA Industry “I’ve known Charlie for 10 years or so and worked with him directly for the last five. Like many of you, I consider Charlie a friend above all, but also a very capable operator and…

October 5, 2022 Delaney SextonContributing Editor C-Suite Wednesday – IRS Will Tax Improperly Forgiven PPP Loans “This action underscores the Internal Revenue Service’s commitment to ensuring that all taxpayers are paying their fair share of taxes,” says IRS Commissioner Chuck Rettig. “We want to make sure that those who are abusing such programs are held…

October 4, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – OIG Says SBA Betters its Customer Service Monitoring “In December 2018, the Office of Inspector General completed an audit of SBA’s District Offices’ Customer Service (Report 19-06) in response to a Congressional request regarding the effectiveness of SBA’s district offices. We reported SBA did…

October 3, 2022 Delaney SextonContributing Editor Main Street Monday – Lawmakers Push for PPP Forgiveness For Good Faith Loan Amount Errors “On January 15, 2021, SBA announced that amounts of PPP loans received due to ‘excess loan amount errors’ are not eligible for loan forgiveness and must be repaid,” reads a letter sent to Administrator…

September 30, 2022 Delaney SextonContributing Editor Fraud Friday – Petition Filed for the CFPB to Subject Fintechs to Higher Levels of Supervision “Fintechs increasingly are providing financial products and services, but their activities are largely unsupervised by the Bureau or any federal regulator, leaving customers vulnerable. Supervision and examination of fintechs by the Bureau through…

A Live Streaming Webinar How to Prepare an SBA Loan Eligibility Background ReportUse Public Domain Websites to gather data to satisfy SBA’s character background requirements A Coleman WebinarDate: Wednesday, October 12, 2022Time: 2:00 p.m. EasternDownload Registration Form (Includes Guide and Recording) Today, there are resources available for you to collect data to determine applicant eligibility…