Coleman Report

California Small Business Loan Disclosure Statements Required as of December 9 2022 CFPB to also Issue Small Business Loan Disclosure Regulations A Coleman WebinarDate: Tuesday, November 1, 2022Time: 2:00 p.m. EasternDownload a Registration Form a 75-minute webinar that lets staff earn e-certification The regulations by California were finalized on June 9, 2022, will require commercial…

August 10, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Less Small Business Owners’ Borrowing Needs are Satisfied says NFIB “The uncertainty in the small business sector is climbing again as owners continue to manage historic inflation, labor shortages, and supply chain disruptions,” says Bill Dunkelberg, NFIB Chief Economist. “Job openings and their plans to fill…

August 9, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – Secondary Market Prices Drop After a Historical High While investors are likely satisfied with the new favorable conditions on the secondary market, lenders are now seeing a decline from the great secondary market conditions they experienced throughout the previous year and a half. Last…

August 8, 2022 Delaney SextonContributing Editor Main Street Monday – PPP and COVID-19 EIDL Fraud can be Prosecuted Until 2031-2032 “In June of this year, the chief prosecutor told Congress that it was essential, essential, to extend the statute of limitations for American pandemic fraud to ten years to make sure fraudsters can’t run out…

A New Coleman Webinar for SBA Lenders How to Avoid SBA 7(a) Guaranty Repair Denials Tips in Plain Sight from the National Guaranty Purchase CenterJuly Quarterly SBA Connect Call A Coleman WebinarDate: Wednesday, August 17, 2022Time: 2:00 p.m. Eastern Download a Registration Form a 75-minute webinar that lets staff earn e-certification While PPP Servicing and…

August 5, 2022 Delaney SextonContributing Editor Fraud Friday – Bank Executive Vice President Pleads Guilty to Conspiracy to Defraud his Bank “Today’s plea sends a clear message that bank executives who commit fraud and deliberately deceive regulators will be brought to justice for their actions. I commend our agent and their federal law enforcement partners…

August 4, 2022 Delaney SextonContributing Editor BREAKING NEWS – SBA Raises Maximum Variable Interest Rate to Prime +3 for Loans over $350,000 Effective August 1, 2022 Variable Maximum Interest Rates for SBA 7(a) Loans $50,000 and Less –Prime + 6.5 $50,001 to $250,000 — Prime + 6.0 $250, 001 to $350,000 — Prime + 4.5…

August 4, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Gary Siddens, Mihir Patel, Amer Khamis, and Craig Byers Gary Siddens Joins American Momentum Bank’s Expanding SBA Team as VP, BDO “Gary has a strong and tenured background in financial services and a well-established network in the market,” says Patrick Fenech, Senior Vice President,…

August 3, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Yelp Says Growth in Consumer Spending is Slowing with Inflation “If the last few years have demonstrated anything it’s the resilience of local businesses, people and communities in the U.S. and across the world. When given the opportunity communities have come together to support and uplift…

A Coleman WebinarDate: Wednesday, August 3, 2022Time: 2:00 p.m. EasternDownload a Registration Form a 75-minute webinar that lets staff earn e-certification Almost two years in the making, SBA has adopted a rule that removes or revises various regulations governing the agency’s business loan programs that are obsolete, unnecessary, ineffective, or burdensome. In response to a…