Coleman Report

September 8, 2020 By Caity Roach Contributing Editor, Hot Topic Tuesday Hot Topic Tuesday — SBA Hosts Webinar on PPP Forgiveness On September 3, 2020, SBA and U.S. Treasury staff hosted an “Ask the Regulators” session entitled Basics of PPP Loan Forgiveness and the SBA PPP Loan Forgiveness Platform. During the video presentation, Bill Briggs, Ginger…

September 4, 2020  By Caity Roach (née Witucki)Contributing Editor, Fraud Friday Fraud Friday—Bank Officer Commits Fraud to Fund TV Shopping Habit Former bank officer, Annette Marie Granic, has been found guilty of defrauding nearly $130,000 from her employer, Credit Union Australia, and using the majority of those funds to purchase products advertised on television shopping…

September 3, 2020  By Caity RoachContributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Joseph R. Flumian, Lana Fidelscaia, and Seacoast Commerce Bank Joseph R. Flumian joins First Bank of the Lake as Government Guaranteed Lending Healthcare BDO “Joe is a dynamic and knowledgeable lender with years’ of experience. He brings proven success…

September 2, 2020 By: Caity Roach Contributing Editor, C-Suite Wednesday C-Suite Wednesday — 55% of Lenders Report an Increase in Demand for 7(a) Loans According to the latest polls conducted during the Coleman Report Live daily show, over 55% of  SBA lenders say the demand for 7(a) loans is currently increasing and 31% say that the…

September 1, 2020 By: Caity (née Witucki)Contributing Editor, Hot Topic Tuesday Hot Topic Tuesday – SBA Releases SOP 50 10 6 The SBA has released the 6th version of its standard operating procedures (SOP 50 10 6) along with a summary of some of the significant procedural updates.  This update to the SOP provides additional…

What you Need to Know about SBA’s New SOP 5010 6 Home Speakers Agenda Registration A Review of All October 1, 2020 Changes. This 75-minute webinar lets your SBA lenders earn e-certification. Date: Thursday, October 1, 2020 Time: 2:00 p.m. Eastern Download a Registration Form The major rewrite of SBA’s Standard Operating Procedure includes numerous…

August 31, 2020 By: Caity Roach (née Witucki)Contributing Editor, Main Street Monday Main Street Monday – Main Street Prepares for Holiday Shopping While it may seem a little early to start thinking about the holiday shopping season, this time of the year represents a critical period for retailers as inventory orders typically need to be…

Servicing Actions Required by SBA Lenders for PPP Disbursed Loans Home Speakers Agenda Registration 75 minutes of Online Training for your staff A Coleman Webinar Date: Wednesday, September 2, 2020 Time: 2:00 p.m. Eastern Download a Registration Form SBA PPP Loan Servicing Actions In accordance with SBA Interim Final Rules, FAQs, and SBA Procedural Notices,…

August 28, 2020  By Caity Roach (née Witucki)Contributing Editor, Fraud Friday Fraud Friday— Bank of America Manager Arrested for Embezzling $1.5 Million Former Bank of America client relationship manager, Waqas Ali, was arrested last week for allegedly embezzling $1.5 million from one of his clients and using a portion of those funds to purchase a…

August 27, 2020  By Caity Roach (née Witucki)Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Ana Parra, Micah Glenn,  and T.J. Miller Ana Parra to Serve as Program Director at Women’s Business Center in South Carolina  Parra joins CommunityWorks from a local marketing agency. She is an experienced communications professional with over…