Coleman Report
C-Suite Wednesday — GAO Says Bad Data Clouds Community Bank Small Business Lending Numbers
September 12, 2018 By Dominic J Bartolone Contributing Editor, C-Suite Wednesday C-Suite Wednesday — GAO Says Bad Data Clouds Community Bank Small Business Lending Numbers “We found that the economic environment and competition, rather than regulatory burden, explained most of the trends in (small business) lending from 2001-2017. We also found that community banks’ lending…
Read MoreSBA Hot Topic Tuesday — OIG Says Lender to Lose Guaranty for Failing to Correctly Underwrite Projections
September 11, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — OIG Says Lender to Lose Guaranty for Failing to Correctly Underwrite Projections A lender who received a check from the SBA for a SBA 7(a) guaranty in the amount of $552,406 should pay it back says the Inspector General.…
Read MoreMain Street Monday — Main Street Leads US Economy
September 10, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Main Street Leads US Economy The SBA Quarterly Bulletin released in March of this year confirms that small businesses continue to experience growth. Financial Takeaways: Low demand for small business loans and lending remain areas of concern. Bankers report easing lending…
Read MoreColeman Report Update! — Sponsored by Lend 360, Multiple Affiliates, Early Defaults, Farm Bill, P3 Rural Infrastructure, Benetrends
September 7, 2018 By Bob Coleman Editor, Coleman Report Update! Coleman Report Update! — Sponsored by Lend 360, Multiple Affiliates, Early Defaults, Farm Bill, P3 Rural Infrastructure, Benetrends This week’s topics: What to do if your client has Multiple Affiliates OIG Report on Early Defaults Bob discusses the new Farm Bill with Bill Broydrick Thomas…
Read MoreSBA 7(a) Deferments, Workouts and Loan Modifications Webinar
SBA 7(a) Deferments, Workouts and Loan Modifications Webinar Home Speakers Agenda Registration Introducing the SBA 7(a) Workouts, Deferments, Extensions and Reinstatements Webinar: A 75 minute video webinar your staff can participate in. Date: Wednesday, September 26, 2018 Time: 2:00 p.m. Eastern Download a Registration Form What does an SBA Lender do when a SBA Borrower…
Read MoreFraud Friday – Bank Manager Embezzles from Customer
September 7, 2018 Fraud Friday – Bank Manager Embezzles From Customer By Dominic J Bartolone Contributing Editor A Zions bank manager who embezzled over $500,000 from a bank customer to buy a house and other personal items, ran into more trouble after forging a letter to the judge in his case. Daniel Scott Frischknect, 33,…
Read MoreColeman Movers & Shakers — Chris McDonald, Tucker Herring
September 6, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Chris McDonald, Tucker Herring Chris McDonald Joins Harvest as Senior Vice President Todd Massas, Managing Director, Chief Origination Officer says, “Our national footprint is building rapidly and the addition of a powerhouse like Chris McDonald helps strengthen Harvest’s ability…
Read MoreSBA Hot Topic Tuesday — Fees for FY 2019
September 4, 2018 SBA Hot Topic Tuesday — Fees for FY 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday For SBA 7(a) loans of $150,000 or less — 2% of the guaranteed portion. The Lender may retain no more than 25% of the fee. For loans of $150,001 to $700,000: 3% of the guaranteed…
Read MoreFraud Friday — Man Who Fled to Iran Sentenced in Bank Fraud Case
August 31, 2018 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Man Who Fled to Iran Sentenced in Bank Fraud Case A Thousand Oaks man who took out millions in fraudulent loans was sentenced to nearly five years in federal prison on Monday. Mohsen Hass, 60, borrowed more than $11 million from…
Read MoreColeman Movers & Shakers – Scott Amatuccio, Jo Eckert, Maria Aberin and Karine Decker
August 30, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers – Scott Amatuccio, Jo Eckert, Maria Aberin and Karine Decker Axiom Bank announces promotion of Scott Amatuccio to Vice President, SBA Manager “Scott has been an integral part of building our commercial lending division, and his extensive knowledge of SBA…
Read More