Coleman Report
Main Street Monday – Washington Holds Joint Hearing on Strengthening Voice of SBA Office of Advocacy
June 3, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Washington Holds Joint Hearing on Strengthening Voice of SBA Office of Advocacy In Washington, D.C. last week, U.S. Senator Marco Rubio (R-FL), Chairman of the Senate Committee on Small Business and Entrepreneurship, and U.S. Senator James Lankford (R-OK), Chairman of…
Read MoreFraud Friday — Noah Bank CEO Arrested for SBA Loan Fraud
May 31, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — Noah Bank CEO Arrested for SBA Loan Fraud U.S. Attorney Geoffrey S. Berman says this past Wednesday, “Edward Shin, the CEO of a Pennsylvania bank, allegedly exploited his position as a bank officer to illegally issue Small Business Administration loans to entities in…
Read MoreColeman Report Update! — SBA Hotel Financing Heatmap, Marie Askew, Josue Rivera
May 29, 2019 By Bob Coleman Executive Producer, Coleman Report Update Coleman Report Update! — SBA Hotel Financing Heatmap, Marie Askew, Josue Rivera This weeks topics: -SBA Hotel Financing Heat Map -Marie Askew, Coleman BDO Winner -Josue Rivera, Director, USDA Rural Development, Puerto Rico -Hotel Labor Costs
Read MoreSBA Hot Topic Tuesday — Newtek Small Business Lending Assigned Business-Based Servicer Rankings by S&P Global Ratings, Revised SBA Form 1050 Settlement Sheet
May 28, 2019 SBA Hot Topic Tuesday — Newtek Small Business Lending Assigned Business-Based Servicer Rankings by S&P Global Ratings, Revised SBA Form 1050 Settlement Sheet By Bob Coleman Editor, SBA Hot Topic Tuesday Newtek Small Business Lending Assigned Business-Based Servicer Rankings by S&P Global Ratings Barry Sloane, Chairman, President and Chief Executive Officer said,…
Read MoreFraud Friday — Bank CEO Charged with $1.2 Million Expense Account Fraud
May 24, 2019 Fraud Friday — Bank CEO Charged with $1.2 Million Expense Account Fraud By Bob Coleman Editor, Fraud Friday Seventy year-0ld retired Wisconsin banker, Archie Overby has been indicted for padding his expense account. The feds allege the former CEO and Chairman of the Board of First National Bank in Waupaca, Wisconsin, defrauded…
Read MoreColeman Movers & Shakers — Bruce Lammers, John Rock, Jason Okuhama, G. Hunt Dawkins, Denise DiDonato
May 23, 2019 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Bruce Lammers, John Rock, Jason Okuhama, G. Hunt Dawkins, Denise DiDonato Bruce Lammers Retires from Byline Bank “Retirement for me is a bittersweet moment,” says Bruce. “I’ve had a rewarding career, and having the ability to work with inspiring…
Read MoreColeman Report Update! — Sponsored by America West — SBA 7(a) Premiums, Tareasa Harrell, Ray Drew, Packaging Documentation
May 22, 2019 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — Sponsored by America West — SBA 7(a) Premiums, Tareasa Harrell, Ray Drew, Packaging Documentation Previous Coleman Report Updates!: Coleman Report Update! Archives May 15, 2019 – Coleman Report Update! — SBA 2020 Budget, Puerto Rico Main Street, Mark Willis, Hotel…
Read MoreCPR Report: Actual SBA 7(a) Prepays Go Back Above 16%
CPR Report: Actual SBA 7(a) Prepays Go Back Above 16% By Bob Judge Editor, CPR Report Download the CPR Report In April, total prepays, including paid excess principal (ACPR), came in at 16.41%, a 17% increase from last month’s reading of 14.07%. After correcting for the excess principal being released from the MRF, pool prepays…
Read MoreMain Street Monday – Over 57% of Small Business Owners are Baby Boomers
May 20, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Over 57% of Small Business Owners are Baby Boomers Over 57% of small business owners are baby boomers, according to findings from the latest Small Business Trends survey conducted by Guidant Financial and the LendingClub Corporation. The survey, polling more…
Read MoreFraud Friday – Credit Union VP Pleads Guilty to Fraud
May 17, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – Credit Union VP Pleads Guilty to Fraud A former credit union vice president from Vancleave, Mississippi, pled guilty to theft from a credit union in U.S. District Court in Gulfport. Merideth Christina McMillan, 46, was accused of stealing more than $350,000…
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