Coleman Report
Main Street Monday – SBA and FDIC Release Two New Updates to Money Smart for Small Business Curriculum
February 3, 2020 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – SBA and FDIC Release Two New Updates to Money Smart for Small Business Curriculum In a recent news release, the SBA and FDIC announced two new updates to the highly successful Money Smart for Small Business program. Both updates focus…
Read More3rd Annual SBA 7(a) and 504 Construction Loan Webinar
Coleman’s 3rd Annual SBA 7(a) and 504 Construction Loan Webinar Home Speakers Agenda Registration Learn SBA-compliance requirements for underwriting and documenting your borrowers’ SBA construction loans and protect your SBA guaranty. 75-minutes of Online Training for your staff A Coleman Webinar Date: Wednesday, February 19, 2020 Time: 2:00 p.m. Eastern Download a Registration Form Underwriting…
Read MoreFraud Friday – Former Chief Lending Office Admits to Making False Statements to the SBA
January 31, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – Former Chief Lending Office Admits to Making False Statements to the SBA James Bortolotti, a former chief lending officer at First Choice Bank in New Jersy, has admitted to improperly securing a $3.75 million federal guarantee on a loan by making false…
Read MoreColeman Movers & Shakers — Tucker Herring, NEDCO, and Coleman 2019 SBA Lender Professional Award Winners
January 30, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Tucker Herring, NEDCO, and Coleman 2019 SBA Lender Professional Award Winners Tucker Herring Joins Ready Capital Tucker Herring recently joined Ready Capital, a national SBA PLP lender, who is ranked #16 in the country with over $250 million…
Read MoreParticipate in Coleman’s 2020 SBA Department Compensation Survey and Receive a Free Report!
January 29, 2020 By Bob Coleman Editor, Coleman Report Participate in Coleman’s 2020 SBA Department Compensation Survey and Receive a Free Report! Coleman’s 2020 SBA Department Compensation Survey Coleman’s annual SBA industry compensation report will include all SBA lending professional job descriptions: SBA Loan Department Manager SBA Loan Sales Manager SBA Business Development Officer SBA…
Read MoreC-Suite Wednesday – Corporate Governance Rule Changes that Affect CDCs
January 29, 2020 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – Corporate Governance Rule Changes that Affect CDCs During the SBA Office of Financial Assistance Connect Call on Tuesday, January 14th, OFA team member, Rosemarie Drake, introduced the Corporate Governance Rule changes that went into effect on January 3, 2020. This rule streamlines…
Read MoreColeman’s 2020 SBA Lending Awards
Coleman’s 2020 SBA Lending Awards Congratulations again to the Coleman 2020 SBA Lending Award Winners! Coleman 2020 Main Street Lenders of the Year John Kropf Growth Capital Corporation Tareasa Harrell Signature Bank of Georgia Coleman 2020 Woman Lender of the Year Merri Adams CDC Small Business Finance SBA 504 Lender of the Year Tim Souther…
Read MoreSBA Hot Topic Tuesday – SBA’s OIG Identifies Material Deficiencies in 21 Defaulted Loans (Part 2)
January 28, 2020 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – SBA’s OIG Identifies Material Deficiencies in 21 Defaulted Loans (Part 2) The SBA’s Office of Credit Risk Management (OCRM) is responsible for the oversight of SBA’s lending partners and their loan portfolios. However, a recent audit report revealed…
Read MoreMain Street Monday – Mentoring Services Help Small Businesses Succeed
January 27, 2020 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Mentoring Services Help Small Businesses Succeed January is National Mentoring Month. The expertise of a mentor is invaluable for a successful launch. According to recent statistics, 87% of entrepreneurs who take advantage of SBA mentoring services are still in business…
Read MoreCPR Report: Actual 7(a) Prepays Back Above 18%
January 24, 2020 By Bob JudgeEditor, CPR Report CPR Report: Actual 7(a) Prepays Back Above 18% In November, total prepays, including paid excess principal (ACPR), came in at 18.40%, a 7% increase from last month’s reading of 17.25%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came in at…
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