Coleman Report

August 16, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday — UPDATE: What happened to Nik Patel? Nikesh “Nik” Patel, is currently serving a 25-year prison sentence in a Federal Corrections Institution in Williamsburg, South Carolina. According to court records, Patel organized the largest USDA loan fraud scheme in history, obtaining over $179…

August 15, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Tammy Youst, Ana Saginian, and Brad Cantrell Tammy Youst Promoted to President of the SBA and USDA Department of Centennial Bank “Tammy has done a great job assembling and managing a group that performs an important function for…

August 13, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday— Reauthorization Bill Causes Deadlock in the Senate Efforts to approve a reauthorization bill in the Senate’s Committee on Small Business and Entrepreneurship has been delayed due to disagreement over broader regulatory relief. Members of the committee hope to make…

August 12, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Survey Reports More Difficulty for Small Business Owners to Get Bank Loans According to the recently released Pepperdine Private Capital Access Index, many small business owners reported increased difficulty in securing a bank loan for their business. The national survey…

August 8, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Scott Cisneros, Brad Bunt, Elisabeth Williams, Ken Martin,  Erik Rajek Union Bank Announces the Hiring of Scott Cisneros Scott Cisneros joins Union Bank with 15 years of experience in the financial services industry. He has an associate degree…

NEW COLEMAN WEBINAR FOR SBA LENDERS The 5 Critical C’s of SBA Lending Home Speakers Agenda Registration A 75-minute webinar that allows your staff to earn e-certification. A Coleman Webinar Date: Wednesday, September 18, 2019 Time: 2:00 p.m. Eastern Go to Registration and Payment | Download a Registration Form We all know the 5 C’s…

August 6, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – Trump Nominates Carranza as the New Chief of SBA Last week, President Donald Trump formally announced his intention to nominate U.S. Treasurer, Jovita Carranza, as the new chief of the Small Business Administration. According to The Guardian, “Carranza…

August 5, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Survey Reveals Small Businesses Investing in Technology for Increased Sales, Growth In a recent survey of 1,763 small businesses conducted by Researchscape International and DaySmart Software, results indicate that small business owners are leveraging technology to offset challenges, increase growth…