Coleman Report

July 16, 2020  By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — First Internet Bank, Joseph I. Weiner, and Robert G. Russell Jr.  First Internet Bank Welcomes Four New SBA BDOs Last week, First Internet Bank announced that its SBA Lending team has added four new Senior Business Development Officers.…

July 15, 2020 By: Caity WituckiContributing Editor, C-Suite Wednesday C-Suite Wednesday – Coronavirus Impact Report on SBA Lending Activity and Operations According to the latest polls conducted during the Coleman Report Live daily show, most lenders feel that the SBA and Treasury have done a good (38%) or fair (32%) job at implementing PPP. However,…

July 14, 2020 By Caity WituckiContributing Editor, Hot Topic Tuesday Hot Topic Tuesday — What Happens when a PPP Recipient Goes Out of Business? Although over 172,786 jobs have been retained as a direct result of PPP, some small businesses have still had to close their doors permanently. According to Yelp’s most recent Economic Impact…

July 13, 2020 By: Caity WituckiContributing Editor, Main Street Monday Main Street Monday – Subcommittee Looks to Strengthen Small Business Supply Chains According to Procurious, the world’s top online business network for supply chain and procurement leaders, at least 97% of American business owners have experienced supply chain disruptions as a result of the COVID-19…

July 10, 2020 By Caity WituckiContributing Editor, Fraud Friday Fraud Friday — Ophthalmologist Obtains PPP Loans while On Medical Fraud Pretrial Release  Ameet Goyal, a New York ophthalmologist previously indicted for healthcare fraud, has been charged in a Superseding Indictment for fraudulently obtaining over $600,000 in government-guaranteed PPP loan funds while on pretrial release.  The…

July 9, 2020  By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Eric Dunham, Brian McDonald,  SBDC Advisory Board, and New South Carolina WBC Eric Dunham Joins First Bank of the Lake Eric I. Dunham has joined First Bank of the Lake’s  SBA Lending team as Vice President, Business Development…

July 8, 2020 By: Caity WituckiContributing Editor, C-Suite Wednesday C-Suite Wednesday – Less Than Half of SBA Lenders Plan to Continue Accepting PPP Applications According to the latest polls conducted during the Coleman Report Live daily show, less than half of SBA lenders (41%) plan to continue accepting PPP applications through the new August 8,…

July 7, 2020 By: Caity WituckiContributing Editor, Hot Topic Tuesday Hot Topic Tuesday – SBA and Treasury Release Names of PPP Loan Recipients Over $150K On Monday, the U.S. Small Business Administration and U.S. Department of Treasury released redacted Paycheck Protection Program (PPP) data that identifies recipients of loans over $150k by name and address.…

July 6, 2020 By: Caity WituckiContributing Editor, Main Street Monday Main Street Monday –  The Impact of COVID-19 On Small Business Retail Opportunities The coronavirus pandemic has greatly influenced the kind of products and services consumers are interested in. As a result, new business opportunities are emerging across four main sectors: health and fitness, home…

The $600 Billion Main Street Lending Program — What it Means for SBA Lenders Home Speakers Agenda Registration 75 minutes of Online Training for your staff A Coleman Webinar Date: Wednesday, July 15, 2020 Time: 2:00 p.m. Eastern Download a Registration Form Main Street Lending Program How Does MSNLF Work? The Secretary has committed $75…