Coleman Report

January 15, 2021 Caity RoachEditor Fraud Friday — Bookkeeper Gets 4 Years in Prison for Embezzling Over $1 Million from Medical Practice “I got caught up in living a double life, things just spiraled out of control,” Anndrea Jacobs told the Judge at her sentencing hearing.  Former Oregon medical practice office manager and bookkeeper, Anndrea…

January 14, 2021 Caity RoachEditor Coleman Movers & Shakers — Isabel Guzman, Amy Bassett, Kelley Groth, and Bailey Wolff President-Elect Biden Announces Nomination of Isabel Guzman as SBA Administrator Currently serving as Director of California’s Office of the Small Business Advocate and a key leader in the state’s COVID-19 economic recovery, Isabel Guzman works closely…

January 13, 2021 Caity RoachEditor C-Suite Wednesday — SBA Reopens PPP to Community Financial Institutions The  Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (EAA) set aside $15 billion in new PPP funding for community financial institutions (CFIs) to ensure increased access for minority, underserved, veteran, and women-owned business concerns. The SBA defines…

January 12, 2021 Caity RoachEditor SBA Hot Topic Tuesday – What Lenders Need to Know about the Second Draw PPP Application Section 311 of the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (the EAA) allows certain small businesses that have already received a Paycheck Protection Program (PPP) loan to apply for a…

January 11, 2021 Caity RoachEditor What You Need to Know About the New SBA Guidance as of January 11, 2021 1. Changes to PPPOn January 6, 2021, the SBA released two IFRs with comprehensive guidance on First Draw and Second Draw PPP loans. 2. PPP Opening DatesCommunity financial institutions will be able to make First…

January 11, 2021 Caity RoachEditor Main Street Monday — 56% of Small Businesses Plan on Using Online Lending Options in 2021 According to the annual JPMorgan Chase Business Leaders Outlook Survey, 47% of small businesses believe economic uncertainty created by the COVID-19 pandemic will remain their top challenge in 2021. However, small businesses are showing…

January 8, 2020 Caity RoachEditor Fraud Friday — Former Australian Banker Charged for $590,000 Fraud Scheme Former Australian Banker and wife of Sydney organized crime gangster, Sara Daizli, was arrested on December 16, 2020, for allegedly using her staff access at St. George bank to defraud her employer of more than $590,000 in order to…

January 7, 2020 Caity RoachEditor Coleman Movers & Shakers — Kevin Ferryman, Falcon National Bank, and BankProv Kevin Ferryman Joins Freedom Bank as Head of SBA Division “We are very fortunate to have a SBA banking executive join our team with such diverse and broad experience in small business lending,” says Joe Thomas, President and…

January 6, 2020 Caity RoachEditor C-Suite Wednesday — 29% of Businesses Fail Due to Lack of Capital “Small business lending statistics offer valuable insight into the state of small business as a whole,” says Fundera analyst, Maddie Shepherd. “Generally speaking, the habits and trends that small business lending statistics indicate help paint a broader picture…

How Just Enacted CARES Act and Oversight Reform Legislation Affects Your Portfolio Ranking Home | Speakers | Agenda | Registration What you Need to Know about: Types of Audits and Reviews Hold Harmless Protections for Lenders Lender Accountable “Good Faith” Actions PPP Loans are to be Serviced as SBA 7(a) Loans Lender Responsibilities for PPP Loan Approvals…