Coleman Report

January 9, 2025 Delaney SextonContributing Editor Martina Edwards Joins ACE | Access to Capital For Entrepreneurs as CEO and President “Martina Edwards offers skilled leadership and deep experience in financial services. She will lead ACE into a successful future, expanding its reach and fostering economic opportunity,” says Bill Zawrotny, Chairman of the ACE Board of…

January 8, 2025 Delaney SextonContributing Editor Roger Williams Retains House Small Biz Chair, Joni Ernst is New Senate Small Biz Chair Congressman Roger Williams is continuing his work as Chairman of the House Committee on Small Business. “I am grateful to my colleagues for entrusting me as Chairman of the House Committee on Small Business…

January 7, 2025 Delaney SextonContributing Editor Small Business Lending Grew in Q3 2024 Despite Tightening Credit Standards and Low Demand In the third quarter of 2024, small business lending grew by 1.8% compared to the same period in 2023 and 6.9% compared to the previous quarter. Quarter-over-quarter, there was a 16.5% increase in new credit…

January 6, 2025 Delaney SextonContributing Editor Small Business Loan Defaults Expected to Peak Next Year Nationwide, past-due small business loans have been on the rise. The small business delinquency rate hit 1.78% in November, up 6 basis points from last year. Additionally, small business defaults have spiked by 49 basis points in the last year,…

January 3, 2024 Delaney SextonContributing Editor PPP Loan Recipient Sued by Unrelated Third Party for False Claim – Fraud Friday There has been an influx of cases involving individuals searching the SBA PPP loan database to find targets they believe were ineligible for PPP loans. These individuals file False Claims Act lawsuits in order to…

January 2, 2024 Delaney SextonContributing Editor Lendistry SBLC’s Tammy deClercq was Selected as a Founding Member of SBA’s Small Business Lending Advisory Council “The whole team at Lendistry couldn’t be prouder of Tammy for this appointment,” says Everett K. Sands, CEO of Lendistry. “So many of the milestones Lendistry SBLC has achieved in the past…

January 2, 2024 Delaney SextonContributing Editor Fulton Bank Welcomes Pamela Hisler as Business Banking Executive Fulton Bank, a premier community bank in the Mid-Atlantic region, recently welcomed Pamela Hisler to the bank as a business banking executive serving the Greater Philadelphia, South New Jersey, and Central New Jersey regions. A proven leader in commercial and…

December 31, 2024 Delaney SextonContributing Editor Small Business Have Less Outstanding Debt and Less Desire for Loans The Federal Reserve Banks published their 2024 annual Small Business Credit Survey. The survey has been following small business trends since 2016, and here is what the survey found this year: Consistent with the previous year, 93% of…

December 30, 2024 Delaney SextonContributing Editor FDIC Says Small Business Lending Falls By 9% The FDIC’s CRA December 2024 report reveals that small business loans of less than $100,000 decreased by almost 9%. Small rural farm loans experienced a similar decline. The number of loan originations fell by 5.6%, while the dollar amount dropped by…

December 30, 2024 Delaney SextonContributing Editor SBA Will Allow Brokers Access to the Settlement Express Application Programming Interface Beginning December 26, 2024, Secondary Market participants with a broker dealer CAFS role can request access to Settlement Express API in SBA catweb2 testing environment. This enhanced functionality will enable quicker, more efficient communication with SBA systems,…