Coleman Report
Coleman Movers & Shakers — Stone Bank, Suzanna Caballero, and Elaine Fairman
December 5 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Stone Bank, Suzanna Caballero, and Elaine Fairman Stone Bank Recognized as Top Arkansas SBA Lender Stone Bank was recently recognized by the Arkansas Division of the U.S. Small Business Administration as being the top SBA lender in Arkansas…
Read MoreC-Suite Wednesday – Preparing SBA Loans for Immigrants and Non-U.S. Citizens
December 4, 2019 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – Preparing SBA Loans for Immigrants and Non-U.S. Citizens Entrepreneurs are finding it increasingly important to seek out lenders who are properly aligned with their financial and professional goals. This is especially true for small business entrepreneurs in “difficult” situations, such as non-U.S.…
Read MoreSBA Hot Topic Tuesday – OCRM Fails to Perform Effective Oversight of High-Risk Lenders
December 3, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – OCRM Fails to Perform Effective Oversight of High-Risk Lenders On November 12, 2019, the SBA OIG released a report which presented the results of an audit of the SBA’s oversight of high-risk lenders. The audit found that OCRM…
Read MoreMain Street Monday – SBA Reports Impressive Lending Stats for African American Women-Owned Businesses in 2019
December 2, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – SBA Reports Impressive Lending Stats for African American Women-Owned Businesses in 2019 Since its inception, the SBA 7(a) Lending Program has approved 1,412 loans, totaling $334.1 million, to African American women-owned businesses. Additionally, loans to African American women-owned businesses have…
Read MoreFraud Friday– New Haven County Credit Union CEO Sentenced for Bank Fraud
November 29, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday– New Haven County Credit Union CEO Sentenced for Bank Fraud Former CEO of New Haven County Credit Union, James Farrell, was recently charged with $602,909 dollars worth of bank fraud. As a result of the fraud scheme, Farrell is facing one day in…
Read MoreC-Suite Wednesday – Using ROBS Plans for SBA Financing
November 27, 2019 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – Using ROBS Plans for SBA Financing Rollovers as business start-ups (ROBS) are arrangements in which current or prospective business owners use their 401(k), IRA or other retirement funds to pay for new business start-up costs, for business acquisition costs or to refinance…
Read MoreUsing ROBS Plans for SBA Financing in 2020
NEW COLEMAN/DRDA WEBINAR FOR SBA LENDERS Using ROBS Plans for SBA Financing in 2020 Home Speakers Agenda Registration What is the “ROBS” Issue? — a 75-minute webinar that allows your staff to earn e-certification. A Coleman/DRDA Webinar Date: Tuesday December 10, 2019 Time: 2:00 p.m. Eastern Go to Registration A ROBS (Rollover As Business Start…
Read MoreSBA Hot Topic Tuesday — Annual Service Fee and Upfront Guaranty Fee for 7(a) Loans
November 26, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Annual Service Fee and Upfront Guaranty Fee for 7(a) Loans The SBA has released a notice announcing the annual service fee and upfront guaranty fee for all 7(a) loans approved during the period covered by the continuing resolution.…
Read MoreKnow The SBA Requirements to Avoid Guaranty Errors with Business Acquisition Loans in 2020
Know The SBA Requirements to Avoid Guaranty Errors with Business Acquisition Loans in 2020 Home Speakers Agenda Registration Tips to Navigate Tricky SBA Traps to Successfully Underwrite, Close and Service Biz Aq Loans with the SOP 5010 (K) — a 75-minute webinar that allows your staff to earn e-certification. A Coleman Webinar Date: Tuesday, December…
Read MoreMain Street Monday – Main Street and SBA Celebrate Small Business Saturday
November 25, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Main Street and SBA Celebrate Small Business Saturday This year, Main Street and the SBA are gearing up to celebrate the 10th annual Small Business Saturday on November 30th. In 2010, American Express kicked off Small Business Saturday, or “Shop…
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