Coleman Report

March 11, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA Announces Made in America Initiative “The great American comeback starts with restoring American industry,” says SBA Administrator Kelly Loeffler.  “With the Made in America Manufacturing Initiative, we’re slashing red tape, expanding access to capital, and fueling a manufacturing resurgence that will create…

March 10, 2025 Bob ColemanFounder & Publisher Main Street Monday — SBA’s New Citizenship Requirements for SBA 7(a) and 504 Loans The first lender policy notice signed by Administrator Kelly Loeffler eliminates the ability of a foreign investor to own up to 49% of a small business and receive SBA financing. The only acceptable borrowers…

March 7, 2025 Bob ColemanFounder & Publisher SBA and COVID-19 Loan Fraud  SBA Administrator Kelly Loeffler’s First Day Memo emphasized “cracking down” on loan  fraud: “SBA’s loan programs should be a powerful tool for empowering small business formation and delivering critical aid to disaster victims.  “The prior Administration left these programs with unaddressed fraud –…

March 6, 2025 Bob ColemanFounder & Publisher Movers & Shakers Thursday — First Internet Bank Promotes David Bybee; Brian Burke, SBA District Director AQ (Adalberto Quijada) and USDA’s Tammy Laizure Retire   First Internet Bank promotes David Bybee to lead SBA lending operations First Internet Bank has promoted David Bybee to Senior Vice President of Government…

March 5, 2025 Bob ColemanFounder & Publisher SBA Loan Processing Delays? Share Your Experience in Our Survey We get mail…. From the manager of a bank SBA loan department: “I wanted to know if you have had conversations with or comments from other lenders regarding staffing at SBA. We are not yet a PLP lender, so…

March 4, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — ABA’s 8 Recommendations for the SBA 7(a) Loan Program Last week, during a Senate Small Business hearing, Itzel Sims of First Security Bank, representing the American Bankers Association, offered eight recommendations to “maintain the financial stability of the 7A program.” • SBA should…

March 3, 2025 Bob ColemanFounder & Publisher Main Street Monday — Senate Small Business Chair Warns Increasing SBA 7(a) Defaults Jeopardize Zero Subsidy Model [Editor note: Zero subsidy is no cost to the taxpayer as SBA 7(a) program fees offset loan guaranty losses.] Last week’s Senate hearing, “Managing Risk for the Long-Term in the 7(a)…

February 28, 2025 Bob ColemanFounder & Publisher FRAUD FRIDAY — Britain Also Has COVID 19 Loan Fraud Problems COVID-19 PPP loan fraud is not a uniquely American problem. Our friends across the pond have a similar situation. In response to the global pandemic, the UK created their version of PPP, called the Bounce Back Loan…

February 27, 2025 Bob ColemanFounder & Publisher Movers & Shakers: Cotlow Joins CrossFirst, Harvest SBF Adds Mills and Satel as VP/BDOs Donna Cotlow Joins CrossFirst Bank as SBA BDO Donna Cotlow has more than 25 years of SBA lending experience in Arizona.  She started her career in 1994 and has since proven herself to be…

February 26, 2025 Bob ColemanFounder & Publisher SBA Administrator Loeffler Issues Memo on Day One Priorities Following her confirmation and swearing-in as the 28th Administrator of the U.S. Small Business Administration, Kelly Loeffler issued a Day One memo on Monday outlining her top priorities for the agency. “Small businesses are the backbone of our nation,…