Coleman Report

December 26, 2024 Delaney SextonContributing Editor American Momentum Bank Welcomes Nafis Nasim to their SBA Division as VP, BDO “Nafis has more than 10 years of SBA lending experience and is well-versed on the requirements of the small business administration,” says Patrick Fenech, senior vice president and managing director of SBA lending for American Momentum…

December 26, 2024 Delaney SextonContributing Editor Paula Gambino Joins Peapack-Gladstone Bank as SVP, Head of SBA Based in the Bank’s Headquarters in Bedminster, New Jersey, Paula plays a key role in expanding the Bank’s SBA business, dedicated to delivering exceptional, personalized service to both new and existing business clients. With over 25 years of experience…

December 24, 2024 Delaney SextonContributing Editor Four New SBLC Licenses Were Authorized to Support Underserved Communities “For the second time in over 40 years, the Biden-Harris SBA welcomes new lenders with a shared mission of filling capital gaps in underserved communities – the very same communities who are starting businesses at the highest rates in…

December 23, 2024 Delaney SextonContributing Editor Small Businesses Are Positive About Future Business Operations in 2025 “The growing optimism among small business owners since the beginning of the year is a positive sign as we move into 2025 and potentially points to increasing opportunities in the new year,” says Bradd Chignoli, executive vice president and…

December 20, 2024 Delaney SextonContributing Editor Former Bank SVP Sentenced to 16 Months After His Scheme Cost the Bank $1 Million – Fraud Friday From 2013 to 2019, John Padilla served as a senior vice president and commercial loan officer at a BancFirst location in Oklahoma. During his time at the bank, he recruited other…

December 19, 2024 Delaney SextonContributing Editor Lenders Cooperative and Ventures Lending Technologies Announce Merger Lenders Cooperative and Ventures Lending Technologies announced their intent to merge, creating an entity that will deliver best-in-class commercial loan origination and integrated commercial loan servicing capabilities to a wide range of financial institutions. This merger will combine what had been two separate processes…

December 19, 2024 Delaney SextonContributing Editor American Business Bank Announces New Loan Production Office in San Diego, CA “While serving the best clients in Southern California, we knew San Diego was an inevitable and strategic location,” says Leon Blankstein, CEO of ABB. “Our team of highly talented bankers have experience serving the San Diego market…

December 18, 2024 Delaney SextonContributing Editor SBA Notice Says that CA SBLCs Loan Ceiling Will Be Increased to $500,000 SBA’s most recent information notice announces that they are entering a process that will allow Community Advantage Small Business Lending Companies to make loans of up to $500,000. The notice also states that CA SBLCs can…

December 17, 2024 Delaney SextonContributing Editor John Wade Inducted into the Secondary Market Hall of Fame The Secondary Market Summit chairs Bob Judge of Government Loan Solutions, Marty Teckler of Blank Rome, and Bob Coleman of the Coleman Report were unanimous in this year’s choice for the Hall of Fame award: John Wade. John recently…