Coleman Report

October 2, 2020 Caity RoachContributing Editor Fraud Friday – Company Poses as SBA Lender to Prey on Small Businesses Ponte Investments and its owner, John C. Ponte, were among eight companies charged by the Federal Trade Commission (FTC) for misleading small businesses into thinking that they had an affiliation with the SBA and that they…

October 1, 2020  By Caity Roach Contributing Editor Coleman Movers & Shakers — Emil Temelkov, John Crawford, Jennifer Wedzik, and Arizona Federal Credit Union Emil Temelkov joins First Bank of the Lake  “We are pleased to welcome Emil to our team. As we increase our lending presence nationwide, Emil’s expertise in Commercial Real Estate perfectly…

September 30, 2020 Caity RoachContributing Editor C-Suite Wednesday – Managing SBA Lenders who are Working from Home According to a poll conducted during the Coleman Report Live daily show earlier this week, 58% of SBA lenders are still working from home at least half of the time. As a result, their work habits, productivity, and…

September 29, 2020 By Caity Roach  Contributing Editor, Hot Topic Tuesday Hot Topic Tuesday — U.S. Senate Introduces Bill to Extend the Small Business Debt Relief Program On September 24, 2020, the U.S. Senate Committee on Small Business and Entrepreneurship introduced legislation to extend the small business debt relief program. If passed, the Small Business…

September 28, 2020 By: Caity RoachContributing Editor, Main Street Monday Main Street Monday – 60% of Small Businesses Are Now Permanently Closed Since the coronavirus pandemic emerged in the U.S. in early March, small businesses across the nation have endured six months of uncertainty. Although some businesses have been able to adapt to the changing…

September 25, 2020  By Caity RoachContributing Editor, Fraud Friday Fraud Friday— Man Arrested After Faking His Own Death to Avoid PPP Fraud Charges David Staveley, one of the first in the nation to be arrested for trying to defraud the Paycheck Protection Program (PPP), has allegedly attempted to fake his own death to avoid showing…

September 24, 2020  By Caity RoachContributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — SK Subhan, China Califf, and  Joe Jenkins SK Subhan joins First Bank of the Lake as Team Lead “Subhan is a dynamic and knowledgeable lender with years’ of experience. He brings proven success and his extensive expertise in the…

Coleman 2020 SBA 7(a) Lender Compensation Survey Reports Order our 27th Annual Report for September 22nd release. Three Different SBA Lender Compensation Surveys! Coleman’s SBA 7(a) Loan Department Compensation Report — $495Coleman’s SBA Business Development Officer Compensation Report — $495Coleman’s SBA Lending Management Compensation Report — $495 Order all 3 for $1095 Download an Order…

September 23, 2020 By: Caity Roach Contributing Editor, C-Suite Wednesday C-Suite Wednesday — Over 70% of Lenders Expect their Compensation to Remain the Same in FY 2021  According to the latest polls conducted during the Coleman Report Live daily show, 71% of  SBA lenders say that they anticipate lender compensation in FY 2021 will remain the…

September 22, 2020 By Caity Roach Contributing Editor, Hot Topic Tuesday   Hot Topic Tuesday — GAO Finds Lack of Clarity Surrounding PPP Forgiveness On September 21, 2020, the U.S. Government Accountability Office (GAO) published its monthly report on federal COVID-19 relief programs. According to the report, the SBA has responded to the GAO’s June recommendations…