Coleman Report

SBA Top 7(a) Lenders by # for FY 2024October 2, 2024Published by Bob Coleman From the SBA Website:

Happy New Year! Top 25 7(a) Lenders by $ for FY20-24October 1, 2024Published by Bob Coleman From the SBA Website this morning: Source: SBA

Underwritten by Thomas USAF, this event is complimentary to attendees. The roundtable brings together lenders and USDA B&I loan management. Register and obtain more information here.

City National Bank Invests $5 Million in Lendistry SBLC for SBA Loans Less Than $100,000September 30, 2024By Bob ColemanPublisher & Founder “We’re proud to work with financial institutions like City National Bank who share our mission,” says Everett K. Sands, CEO of Lendistry. “The entrepreneurs and small businesses we serve need loans in lower amounts…

September 27, 2024 Delaney SextonContributing Editor Kris Roglieri Indictment and Car Auction Update – Read and Watch Fraud Friday! A federal grand jury decided that there was sufficient evidence to indict Kris Roglieri with five counts of wire fraud in relation to allegedly stealing $5 million from a Minnesota company. If he is found guilty,…

September 26, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Ohio Lenders For fiscal year 2024, these are the lending statistics by Ohio lenders as of September 26, 2024:

SBA Stat Thursday — Newtek Bank Poised to be the New #1 SBA 7(a) Lender? September 26, 2024By Bob ColemanPublisher & Founder With one week before the end of fiscal year 2024 Newtek has surpassed the $2 billion mark and leads Live Oak Bank by $116 million in SBA 7(a) gross loan volume. The Huntington…

Valley National Bank Settles PPP False Claim Act Liability with Feds for $216,784September 25, 2024By Bob ColemanPublisher & Founder SBA 7(a) Rank $ Rank # Gross Loan Approval # Loans 6/24 (9 mos) 77 130 $53 million 38 FY 2023 132 147 $36 million 42 FY 2022 162 177 $29 million 34 Valley National Bank,…

September 25, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by New York Lenders For fiscal year 2024, these are the lending statistics by New York lenders as of September 24, 2024:

September 24, 2024 Delaney SextonContributing Editor Kris Roglieri’s Cars Sold for Over $800,000 at the Saratoga Motorcar Auction On Saturday September 21, the Saratoga Automobile Museum auctioned off a few of Kris Roglieri’s cars, making the museum’s first time handling a bankruptcy case a success. The four Roglieri cars sold for $807,250. There will be…