Coleman Report

May 13, 2020 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday –  Lenders Self Report PPP Loan Data Through the Paycheck Protection Program (PPP), SBA lenders are helping to stabilize the nation’s financial system and restore market function by supporting small businesses across the country. According to SBA data, lenders processed approximately 1,661,367 PPP…

May 14, 2020  By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Maria Aberin, Ashley Vannoy, and Dennis Tynes Maria Aberin Rejoins Union Bank Union Bank is excited to announce that Maria Aberin has joined its SBA lending team as Vice President, Business Development Officer.  Maria Aberin, who worked for…

How to Process SBA PPP Loan Forgiveness Application Form 3508S Home Speakers Agenda Registration 75 minutes of Online Training for your staff A Coleman Webinar Date: Thursday, October 15, 2020 Time: 2:00 p.m. Eastern Download a Registration Form PPP Loan Forgiveness 3508S Application – Final Guidance Webinar The SBA, in consultation with the Treasury Department,…

May 12, 2020  By Caity WituckiContributing Editor, Hot Topic Tuesday Hot Topic Tuesday — OIG Flash Report on the Paycheck Protection Program On May 8, 2020, the SBA Office of Inspector General (OIG) released the results from a comparative analysis of the Paycheck Protection Program (PPP). The review, which compares recent guidance from the SBA…

May 11, 2020 By: Caity WituckiContributing Editor, Main Street Monday Main Street Monday – Small Businesses are Transforming Their Business Operations According to the most recent MetLife & U.S. Chamber of Commerce Small Business Coronavirus Impact Report, the vast majority (85%) of small businesses are still concerned about the pandemic’s impact. Concern is highest in the…

May 8, 2020 By Caity WituckiContributing Editor, Fraud Friday Fraud Friday — Two Rhode Island  Businessmen Arrested on PPP Loan Fraud Charges Two Rhode Island businessmen, David A. Staveley and David Butziger, were arrested on Tuesday for allegedly making false statements on Paycheck Protection Program (PPP) loan applications. Both men are being charged with conspiracy…

May 6, 2020 By: Caity WituckiContributing Editor, C-Suite Wednesday C-Suite Wednesday – Fintechs Take Lead in Establishing PPP Loan Forgiveness Apps The Paycheck Protection Program (PPP) was designed to extend a lifeline to small businesses affected by the coronavirus pandemic, allowing them to keep employees on the payroll. However, as reports of publicly traded companies…

May 7, 2020  By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Pam Scott, Rich Viall, and Greylock Federal Credit Union Pam Scott Joins First Internet Bank’s SBA Lending Team This week, First Internet Bank announced that Pam Scott joined its Small Business Administration (SBA) Lending team as Vice President,…

May 5, 2020 By: Caity WituckiContributing Editor, Hot Topic Tuesday Hot Topic Tuesday –  SBA Administrator and Treasury Secretary Issue Joint Statement on the Second Round of PPP FundingOn Sunday, SBA Administrator, Jovita Carranza and Treasury Secretary Steven T. Mnuchin issued a joint statement regarding the success of the second round of funding for the…

May 4, 2020  By Caity WituckiContributing Editor, Main Street Monday Main Street Monday — Small Business Restaurants Adapt Amid Capacity Restrictions When Texas Governor, Greg Abbott announced that restaurants could begin reopening in May with some capacity restrictions, small business restauranteers in the area began brainstorming about ways they would need to adapt their business…