Coleman Report

March 12, 2020  By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Pam Scott, Stephen Meade, and American Momentum Bank  Pam Scott Joins Harvest as BDO Last week, Pam Scott joined Harvest SBF as their newest BDO.  Scott has over 30 years of experience in SBA and commercial real estate…

March 11, 2020 By: Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – The Impact of Blockchain Technology on Small Business Lending Institutions On March 4, 2020 the House Committee on Small Business held a hearing to explore how blockchain technology could be used to support small business growth and modernize SBA lending. “I know…

March 11, 2020 By: Caity Witucki Contributing Editor BREAKING NEWS – President Trump Instructs Congress to Increase SBA Funding in Response to Coronavirus Outbreak Wednesday night, President Donald Trump addressed the nation in response to the Coronavirus epidemic. In the address, President Trump announced that he was canceling all US travel from Europe for the…

March 10, 2020 By: Mary Miller & Caity Witucki Contributing Editors, Hot Topic Tuesday Hot Topic Tuesday – Legislation Passes for SBA COVID-19 Emergency Funding Last Friday the Coronavirus Preparedness and Response Supplemental Appropriations Act (H.R. 6074) was signed by the President and became law. The legislation provides $8.3 billion in new funding to support…

March 9, 2020 By: Caity Witucki Contributing Editor, Main Street Monday Main Street Monday – Kabbage Launches App Allowing Small Businesses to Take Control of Their Cash Flow Kabbage, an online financial technology company, recently launched a new program that promises to help small- to medium-sized businesses calculate and predict cash flow and help them…

March 6, 2020 By Caity Witucki Contributing Editor, Fraud Friday  Fraud Friday – Houston Man Admits to SBA Disaster Assistance Fraud Hurricane Harvey reportedly caused an influx of identity theft and bank fraud which resulted in over 1,800 complaints to the Department of Justice. As a result of a thorough investigation, five Houston-area residents were…

March 5, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Bryson Patterson, Capital CDC, Mike Shepston, and Pursuit Bryson Patterson Become SBA Deputy District DirectorThe U.S. Small Business Administration is pleased to announce that Bryson Patterson has been promoted to South Dakota Deputy District Director. Patterson has served…

March 4, 2020 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday — SBA Announces Revisions to Community Advantage Program On Monday, the SBA issued a notice of the Agency’s intent to revise several policies related to the Community Advantage Pilot Program. The notice announced that the Agency will be changing the requirements for refinancing…

March 3, 2020 By Caity Witucki Contributing Editor, Hot Topic Tuesday Hot Topic Tuesday — Proposed Infrastructure Bill to Increase Opportunities for Small Businesses Last Thursday, Honorable Jared Golden submitted a statement to the House Committee on Small Business urging them to enact policies that would update and modernize U.S. infrastructure. Golden projected that an…

March 2, 2020 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Small Business Owner Optimism Remains High There is a sense of vibrancy and enthusiasm among small business owners that is apparent in their optimism about the economy. According to recent statistics from the 2020 Hiscox Small Business Owner Risk Outlook…