Coleman Report

September 28, 2020 By: Caity RoachContributing Editor, Main Street Monday Main Street Monday – 60% of Small Businesses Are Now Permanently Closed Since the coronavirus pandemic emerged in the U.S. in early March, small businesses across the nation have endured six months of uncertainty. Although some businesses have been able to adapt to the changing…

September 25, 2020  By Caity RoachContributing Editor, Fraud Friday Fraud Friday— Man Arrested After Faking His Own Death to Avoid PPP Fraud Charges David Staveley, one of the first in the nation to be arrested for trying to defraud the Paycheck Protection Program (PPP), has allegedly attempted to fake his own death to avoid showing…

September 24, 2020  By Caity RoachContributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — SK Subhan, China Califf, and  Joe Jenkins SK Subhan joins First Bank of the Lake as Team Lead “Subhan is a dynamic and knowledgeable lender with years’ of experience. He brings proven success and his extensive expertise in the…

Coleman 2020 SBA 7(a) Lender Compensation Survey Reports Order our 27th Annual Report for September 22nd release. Three Different SBA Lender Compensation Surveys! Coleman’s SBA 7(a) Loan Department Compensation Report — $495Coleman’s SBA Business Development Officer Compensation Report — $495Coleman’s SBA Lending Management Compensation Report — $495 Order all 3 for $1095 Download an Order…

September 23, 2020 By: Caity Roach Contributing Editor, C-Suite Wednesday C-Suite Wednesday — Over 70% of Lenders Expect their Compensation to Remain the Same in FY 2021  According to the latest polls conducted during the Coleman Report Live daily show, 71% of  SBA lenders say that they anticipate lender compensation in FY 2021 will remain the…

September 22, 2020 By Caity Roach Contributing Editor, Hot Topic Tuesday   Hot Topic Tuesday — GAO Finds Lack of Clarity Surrounding PPP Forgiveness On September 21, 2020, the U.S. Government Accountability Office (GAO) published its monthly report on federal COVID-19 relief programs. According to the report, the SBA has responded to the GAO’s June recommendations…

September 21, 2020 By: Caity Roach Contributing Editor, Main Street Monday Main Street Monday – Coronavirus Pandemic Disproportionately Affects Female-Owned Small Businesses A recent study conducted by the U.S. Chamber of Commerce shows women-owned small businesses have been more heavily impacted by the coronavirus pandemic than male-owned small businesses. Since the pandemic started, woman-owned small…

September 18, 2020  By Caity RoachContributing Editor, Fraud Friday Fraud Friday — Greylock Fraud Defendant Awaits Sentencing Six Years After Pleading Guilty Former commercial loan officer for Massachusetts based Greylock Federal Credit Union, Michael Dicenzo, will soon hear his punishment, nearly six years after pleading guilty to participating in a multimillion-dollar loan fraud scheme.  In…

September 17, 2020  By Caity RoachContributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Don Jackson, DeeDee McIntyre, and Wyndie Dwyer Don Jackson Named Director of SBA Lending at Truliant Federal Credit Union “I look forward to leading and growing our SBA loan platform with the goal of becoming one of the top…

September 16, 2020 By Caity Roach Contributing Editor, C-Suite Wednesday C-Suite Wednesday –  98% of Lenders Want Congress to Pass a Simplified PPP Forgiveness Bill According to a recent poll conducted during the Coleman Report Live daily show, 98% of lenders who participated in the Paycheck Protection Program (PPP) are in strong support of Congress…