Coleman Report
Main Street Monday — Wells Fargo Says Main Street Optimism at Record High
August 13, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Wells Fargo Says Main Street Optimism at Record High The good news continues. The Wells Fargo/Gallup Small Business Index says Main Street entrepreneurs are more bullish about their companies and the economy than anytime in history. Check out the stats: Current…
Read MoreFraud Friday — 8 Years in Jail for Community Bank CEO, CLO
August 10, 2018 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — 8 Years in Jail for Community Bank CEO, CLO Two former bank officers who were complicit in the failure of a Sonoma, CA community bank were sentenced to federal prison on Aug. 3. Former chief executive officer, Sean Clark Cutting, and…
Read MoreColeman Movers & Shakers — Kelley Mears, Paul Moreno,Seth Vander Woude
August 9, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Kelley Mears, Paul Moreno,Seth Vander Woude Live Oak Bank Adds 3 BDO’s Kelley Mears, Paul Moreno and Seth Vander Woude “We are thrilled to continue adding exceptional, seasoned lenders to our team,” says Kay Anderson, director of emerging markets…
Read MoreColeman Report Update! Sponsored by BFC! — Rural Lending, AR Agings, New SBA Personal Financial Statement, American Lending Center
August 8, 2018 By Bob Coleman Editor, Coleman Report Update! Coleman Report Update! Sponsored by BFC! — Rural Lending, AR Agings, New SBA Personal Financial Statement, American Lending Center This week’s stories: -House Small Business Committee discusses getting capital to rural America -Bob and Lance talk about the A/R Balance Sheet -The new SBA form…
Read MoreC-Suite Wednesday — 10 Questions to Ask Before Clicking Accept of an Online Loan
August 8, 2018 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — 10 Questions to Ask Before Clicking Accept of an Online Loan CDC Small Business Finance has published an excellent e-book instructing Main Street on some of the perils of online business lending. The publication correctly identifies the advantage of immediate funding is too…
Read MoreSBA Lender Rankings FY18 Through March 31, 2018
August 7, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Lender Rankings FY18 Through March 31, 2018
Read MoreMain Street Monday — 33% Thought About Starting a Small Business Last Year
August 6, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — 33% Thought About Starting a Small Business Last Year According to the SBA, small businesses have been growing steadily in the number of jobs, income, firms and new start-ups for the past year. Based on findings from a recent survey of…
Read MoreFraud Friday — Photoshopped Fake AR Invoices Results in $29 Million Loan Loss, 250 Jobs Lost
August 3, 2018 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Photoshopped Fake AR Invoices Results in $29 Million Loan Loss, 250 Jobs Lost The former CEO of Worley & Obetz was accused of carrying out “massive bank fraud” and personally pocketing more than $1 million in illicit funds. A Pennsylvania-based energy…
Read MoreColeman Movers and Shakers – Kevin Clingman, Lisa Morandi, Jennifer Tingle, Cole Lipkin
August 2, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers and Shakers – Kevin Clingman, Lisa Morandi, Jennifer Tingle, Cole Lipkin Acclivity Adds Kevin Clingman, Lisa Morandi “We’re extremely fortunate to have experienced employees who work diligently and want to improve,” says Danny Preston, CEO and President of Acclivity Financial. “When talented…
Read MoreC-Suite Wednesday — SBA Gets Serious about Rural Lending
August 1, 2018 By Dominic J Bartolone Contributing Editor, C-Suite Wednesday C-Suite Wednesday — SBA Gets Serious about Rural Lending On July 19, SBA announced its new 504 Loan Program Initiative Pilot Program. The program is aimed at assisting small businesses in rural communities through increased access to capital. The 504 Rural Pilot waives the…
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