Coleman Report

October 1, 2018 By Linda McMahon SBA Administrator Main Street Monday — SBA celebrates October as National Women’s Small Business Month From SBA’s Blog When April Lukasik’s second child was born, she couldn’t find a childcare center that met her high standards. So she started her own – and a small business was born, too.…

September 28, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — $8 Million Loan Fraud Nets Loan Officer a Yeti Bag Living up to the quality that you’d expect from this well-known and respected company, the Yeti is one of the few soft coolers that can actually keep ice frozen for multiple days. It…

September 26, 2018 By Dominic J Bartolone Contributing Editor, C-Suite Wednesday C-Suite Wednesday– A Succession Strategy — Expanding Employee Co-op Conversions Each day, over 10,000 Baby Boomers turn 65, with a majority of America’s small businesses being owned by this generation, many are choosing to close the company rather than sell it when they retire.…

September 25, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Loan Packaging Benchmarks The common theme in responses to our industry survey of how long it takes a lender to package an SBA 7(a) and 504 loan is “it depends.” Readers correctly pointed out that there is no…

September 24, 2018 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday — Manufacturing Day Provides Opportunities for SBA Lenders SBA lenders interested in positively supporting local manufacturing businesses in their communities, increasing their visibility and/or promoting loan opportunities can jump on this ever-growing bandwagon by becoming a sponsor, endorser or otherwise participate…

September 21, 2018 Fraud Friday — Feds Say Bank VP Embezzles $128K, Writes $700k in Fake Loans for Customer By Dominic J Bartolone Contributing Editor, Fraud Friday A former Renasant Bank Vice President and his customer have been indicted on loan fraud charges totalling more than $850,000 . An eight-count indictment is filed against Max…

September 20, 2018 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers – Coleman Award Nominations Due 9/30. John Figmic, Countybank-Greenville Nominations Open in Coleman’s 2018 SBA Lender Professional Awards Main Street Lender of the Year SBA 7(a) Lender of the Year SBA 504 Lender of the Year Rural SBA or USDA…

SBA Loan Packaging and Referral Fees – Know the Form 159 Rules Home Speakers Agenda Registration Compliance and the SBA Form 159; A Best Practice Guide to Reasonable Fees and Documentation: A 75 minute video webinar your staff can participate in. Date: Wednesday, August 26, 2020 Time: 2:00 p.m. Eastern Download a Registration Form Lenders…