Coleman Report

February 9, 2021 Caity Roach Editor SBA Hot Topic Tuesday – How to Resolve  PPP Hold Codes According to a recent poll conducted during the Coleman Report Live daily show, most (72%) PPP lenders still do not know how to resolve a hold on a First Draw PPP loan. As a result, 85% of PPP…

February 8, 2021 Caity RoachEditor Main Street Monday – Over Half of Small Businesses Surveyed Say 2020 Revenues Were Down More Than 25% According to the Federal Reserve’s latest Small Business Credit Survey, The vast majority of small businesses (95%) were impacted by the pandemic. 26% of the small businesses impacted closed temporarily, 56% reduced…

February 5, 2021 Caity RoachEditor Fraud Friday – Bank Manager Steals $1 Million From Customer with Dementia Former Comerica Bank branch manager, Marie Fulle, was recently sentenced to nearly three and a half years in federal prison for stealing more than $1 million from an elderly customer with dementia. Fulle primarily used the stolen funds…

February 4, 2021 Caity RoachEditor Coleman Movers & Shakers — Lynn Ozer, Brandon Malm, and Jarron Gray Lynn Ozer Named President of MultiFunding “I couldn’t be more excited to join Ami to launch his ingenious SBA Ignite platform to let entrepreneurs know about the awesome programs available from the SBA,” says Lynn Ozer. “These go…

A new Coleman Webinar for SBA Lenders Solving PPP Loan Hold Codes End Lender Frustration and Borrower Confusion with delays in PPP 1st or 2nd draw applications A Coleman WebinarDate: Tuesday, February 23, 2021Time: 2:00 p.m. EasternDownload a Registration Form 75-minute webinar that lets staff earn e-certification A recent Coleman Report Live! poll reveals 20% of…

February 3, 2021 Caity RoachEditor C-Suite Wednesday – SBA Borrowers are Now Eligible for Additional Debt Relief Payments Beginning this month, SBA borrowers who previously received six months of debt relief payments will be eligible for three additional months of payments. Borrowers assigned a NAICS code beginning with 61, 71, 72, 213, 315, 448, 451,…

February 2, 2021 Caity Roach Editor SBA Hot Topic Tuesday – 85% of PPP Lenders Have Unresolved Hold Codes  Data collected during the Coleman Report Live daily show reveals important industry metrics for SBA lenders.  This week’s polls show continued industry-wide frustration with PPP hold codes. While reviewing first draw PPP loans, anomalies were identified…

February 1, 2021 Caity RoachEditor Main Street Monday – Restaurant Entrepreneurs Adopt Virtual Business Model The COVID-19 pandemic has left restaurants struggling to catch up with delivery demand, but experts now see a potential for permanent disruption to the traditional dine-in business model as ghost kitchens gain traction. A ghost kitchen is a delivery-only food…

  Everything Your Small Business Customers Need to Know about PPP to Maximize Loan DrawsANDBorrower Documentation Required to Complete the PPP Forgiveness Application THIS WEBINAR CONTENT IS FOR ALL SIC CODES EXCEPT Restaurant and Hotel Small Business OwnersPurchase the site license and invite up to 20 of your customers and prospectsHome Speakers Agenda Registration A Coleman…

January 29, 2021 By Caity RoachEditor, Fraud Friday Fraud Friday – Bank President Sentenced to Year in Prison for Personal Loans to Friend Stephen Phillip Casher, a former market president at Rocky Mountain Bank, is the latest in a long list of people facing a reckoning for their business dealings with the former coal executive,…