Coleman Report

August 24, 2018 Fraud Friday — Your Borrower Must Never Outsource Financial Responsibility By Dominic J Bartolone Contributing Editor Another story of a small business owner being ripped off financially by a trusted advisor. This time, the CPA pocketed almost $500,000 of company cash. Joseph Stevens, 54, was sentenced in federal court to 33 months…

August 23, 2018 Coleman Movers & Shakers – Nickolas Uhan, Rod Banks, Jr., Ian Williams, Daniel Munoz, Yomi Anthonio By Bob Coleman Editor, Coleman Movers & Shakers Opus Bank, Arizona expands Commercial Banking Team, adding Nickolas Uhan, Managing Director, Senior Client Manager and Rod Banks, Jr., Director, Client Manager “We are pleased that Nick and…

August 22, 2018 C-Suite Wednesday — New Law Makes ESOP Financing More SBA 7(a) Friendly By Dominic J Bartolone Contributing Editor A new bill recently signed into law just made it easier for companies with an ESOP structure to obtain SBA financing. The Main Street Employee Ownership Act, included in the 2019 National Defense Authorization…

August 21, 2018 SBA Hot Topic Tuesday — New SBA 7(a) Loan Authorization Wizard, Revised SBA 504 Forms By Bob Coleman Editor, SBA Hot Topic Tuesday The new SBA 7a Authorization Wizard 2018 released August 16th is now available for lenders to download: https://www.sba.gov/document/support–standard-7a-authorization-file-library As a reminder, revised 504 SBA forms- 1505 and 1504 are…

August 20, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday – Add NFIB Survey to the List of Main Street Optimists The good news continues for Main Street. The NFIB’s July report is the second highest ever in its monthly optimism index survey of Main Street entrepreneurs — just under the high…

August 17, 2018 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — BB&T Exec to do 18 Months for Bank Fraud By all accounts from friends and family, Brent Lee, Market President of BB&T and Deacon of First Baptist Church of Pikeville, KY, was a pillar of the community. Those positive letters may…

August 16, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers – Adele Green, Andrea Donnelly, Cathy Miller, Orange County Lender Forum First Foundation Bank Expands SBA Administration Team, adding Adele Green, SVP, Director of SBA Lending and Andrea Donnelly, SVP, Government Guaranteed and Small Business Loans “Over the years, our…

September 27, 2018 By Bob Coleman Editor, Coleman Report Nominations Open in Coleman’s 2018 SBA Lender Professional Awards Nominations are open for outstanding SBA lending professionals in the following categories. Main Street Lender of the Year SBA 7(a) Lender of the Year SBA 504 Lender of the Year Rural SBA or USDA Lender of the…