Coleman Report

February 25, 2025 Bob ColemanFounder & Publisher 52% of the SBA Lending Industry Supports SBA Employees Return to Office The response to our poll reveals passionate stances on both sides of the issue of whether SBA employees should return to the office 100% of the time. There is a good representation of both lenders and…

February 24, 2025 Bob ColemanFounder & Publisher New SBA Administrator Kelly Loeffler Announces Full Return to Office On her second day on the job, SBA Administrator Kelly Loeffler sends a message that she will be using social media to communicate her vision.  Writing on X last week, “This Friday afternoon you could hear a pin…

February 21, 2025 Bob ColemanFounder & Publisher Fraud Friday — Skilled Nursing Facility Company Pays $18 Million to Settle PPP Loan False Claim Act Allegations A CPA and licensed nursing home administrator filed a false claim lawsuit in 2022 against Unified Care Services, alleging that 16 skilled nursing home facilities improperly received $15 million in…

February 20, 2025 Bob ColemanFounder & Publisher Kelly Loeffler Confirmed as New SBA Administrator Yesterday, by a vote of 52-46, the United States Senate confirmed Kelly Loeffler as Administrator of the SBA. Congressman Rick Allen of Georgia says, “With Kelly Loeffler at the helm of the SBA, small business owners throughout the state of Georgia…

February 20, 2025 Bob ColemanFounder & Publisher Movers & Shakers Thursday — Erickson Joins TMC, First Internet Bank Names Porter Vice President, OptimumBank Gets PLP  Andrew Erickson Named Senior Vice President, Business Development Officer Servicing California’s Inland Empire “We are excited to welcome Andrew to the team,” says Kurt Chambliss, EVP of Business Development at…

February 19, 2025 Bob ColemanFounder & Publisher Lenders Urge House Small Business Committee to Streamline SBA’s SOP Last week, House Small Business Committee Chairman Roger Williams of Texas led a hearing titled “Driving Economic Growth: SBA Lending Programs and the Vital Role of Community Banks.” There was a interesting q&a between Congressman Rob Bresnahan of…

February 18, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA OIG Finds No Problems in Funding Circle’s SBLC License Issuance In the midst of the chaos surrounding the transition to a Trump 2.0 administration, the Office of Inspector General issued a report last week absolving the SBA of any poor judgment in…

February 14, 2025 Bob ColemanFounder & Publisher  Fraud Friday — Serial Criminal Gets 9 Years in Prison for $3 Million PPP Loan Fraud Earlier this week, Christopher Carroll was sentenced to 9 years in prison for a $3 million PPP loan fraud. This sentence is on the high end for a white-collar crime of this…

February 13, 2025 Bob ColemanFounder & Publisher Movers & Shakers Thursday — Mark Davis, Rhonda Smith, Eric Warfel Join Harvest as Business Development Officers Mark DavisSenior Vice President Business Development Officer Mark brings over 32 years of banking experience, with a specialization in SBA and conventional loans for the past 18 years. A proud graduate…

February 12, 2025 Bob ColemanFounder & Publisher A Detailed Look at the Securitization of the Unguaranteed Portion of SBA 7(a) Loans — Bob Coleman’s Interview with Jaime Aldama Q. Can you explain in simple terms how Momentus Securities’ new securitization platform will change the landscape for SBA 7(a) lenders? The concept is quite simple. SBA…