Coleman Report
Fraud Friday –Texas Wedding Planner Uses PPP Proceeds to Purchase Teslas and Trucks
June 11, 2021 Caity RoachEditor Fraud Friday –Texas Wedding Planner Uses PPP Proceeds to Purchase Teslas and Trucks “PPP loans were intended to help businesses keep themselves and their employees afloat during the COVID-19 pandemic,” says acting U.S. Attorney, Nicholas J. Ganjei. “PPP loans were not, and never were, intended to serve as personal loans…
Read MoreColeman Movers & Shakers — John Kimball, Ruben Cardona, and David Trent
June 10, 2021 Caity RoachEditor Coleman Movers & Shakers — John Kimball, Ruben Cardona, and David Trent John Kimball to Lead Alerus’s New SBA Lending Department Alerus Financial Corporation is pleased to announce it is strengthening its SBA lending capabilities with the addition of an expert SBA team led by industry veteran John Kimball. The…
Read MoreC-Suite Wednesday — OCRM Says Quick Closings are The Biggest Red Flag on SBA Loans
June 9, 2021 Caity RoachEditor C-Suite Wednesday — OCRM Says Quick Closings are The Biggest Red Flag on SBA Loans Yesterday, the Georgia Lenders Quality Circle (GLQC) held their first virtual conference in a series of monthly sessions planned to take place between June and November. Here are some of the highlights from the first…
Read MoreCalculating Cash Flow the SBA Way in a Rising Rate Environment — Webinar 4/13
4 Easy Ways to Order!Pay Online with Paypal here Email bob@colemanreport.com to charge your credit card on file Fax a Registration Form to 818 790 7859 Call Joseph Coleman at 818 790 4591 ex 1 How to Quantify Cash Flow In A Rising Rate Environment A 75-minute webinar that allows your staff to earn e-certification.…
Read MoreSBA Hot Topic Tuesday — Delinquencies Fall to Their Lowest Level Since the Pandemic Began
June 8, 2021 Caity RoachEditor SBA Hot Topic Tuesday — Delinquencies Fall to Their Lowest Level Since the Pandemic Began According to PayNet’s most recent issue of Strategic Insights, small business lending activity is now at the second-highest rate ever recorded and is nearly 28% above its year-ago level. Additionally, delinquencies have fallen to their…
Read MoreMain Street Monday — QuickBooks Data Reveals the Financial Impact of COVID-19 on Small Businesses
June 7, 2021 Caity RoachEditor Main Street Monday — QuickBooks Data Reveals the Financial Impact of COVID-19 on Small Businesses “From bowling alleys to dentists, and from coast to coast, no small business was immune to the challenging circumstances that COVID-19 presented this year,” says Alex Chriss, Executive Vice President at Intuit QuickBooks. “Despite these…
Read MoreFraud Friday — Law Firm Bookkeeper Pleads Guilty to Stealing $1.7M from Employer
June 4, 2021 Caity RoachEditor Fraud Friday — Law Firm Bookkeeper Pleads Guilty to Stealing $1.7M from Employer San Antonio private law firm, Shelton & Valadez, is the most recent victim of a popular bookkeeper fraud scheme that often results in a loss of millions of dollars and sometimes permanent closure of the business. In…
Read MoreColeman Movers & Shakers – Warren Baas, Matthew S. Huling, and Eduard Radzinsky
June 3, 2021 Caity RoachEditor Coleman Movers & Shakers – Warren Baas, Matthew S. Huling, and Eduard Radzinsky Warren Baas Joins First Business Bank as VP of Small Business Lending “Warren is a great addition to our team,” says Marty Ferguson, Managing Director of SBA Lending at First Business Bank. “He’s very passionate about helping…
Read MoreC-Suite Wednesday – SBA 7(a) Lending Activity Continues to Outpace 2019 and 2020
June 2, 2021 Caity RoachEditor C-Suite Wednesday – SBA 7(a) Lending Activity Continues to Outpace 2019 and 2020 Throughout 2020 and early 2021 traditional SBA 7(a) lending slumped as borrowers opted for Paycheck Protection Program (PPP) loans. However, according to the SBA’s most recent lending reports, 2021 7(a) lending activity by dollar amount has surpassed…
Read MoreSBA Hot Topic Tuesday — SBA OIG Receives Record-Setting Number of Hotline Complaints
June 1, 2021 Caity RoachEditor SBA Hot Topic Tuesday — SBA OIG Receives Record-Setting Number of Hotline Complaints “Since March 2020, our focus has been on providing oversight of SBA’s pandemic response efforts to combat program fraud, ensuring these programs are being efficiently and effectively managed.” says SBA Inspector General, Hannibal ‘Mike’ Ware in his…
Read More