Coleman Report
Main Street Monday — 33% Thought About Starting a Small Business Last Year
August 6, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — 33% Thought About Starting a Small Business Last Year According to the SBA, small businesses have been growing steadily in the number of jobs, income, firms and new start-ups for the past year. Based on findings from a recent survey of…
Read MoreFraud Friday — Photoshopped Fake AR Invoices Results in $29 Million Loan Loss, 250 Jobs Lost
August 3, 2018 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Photoshopped Fake AR Invoices Results in $29 Million Loan Loss, 250 Jobs Lost The former CEO of Worley & Obetz was accused of carrying out “massive bank fraud” and personally pocketing more than $1 million in illicit funds. A Pennsylvania-based energy…
Read MoreColeman Movers and Shakers – Kevin Clingman, Lisa Morandi, Jennifer Tingle, Cole Lipkin
August 2, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers and Shakers – Kevin Clingman, Lisa Morandi, Jennifer Tingle, Cole Lipkin Acclivity Adds Kevin Clingman, Lisa Morandi “We’re extremely fortunate to have experienced employees who work diligently and want to improve,” says Danny Preston, CEO and President of Acclivity Financial. “When talented…
Read MoreC-Suite Wednesday — SBA Gets Serious about Rural Lending
August 1, 2018 By Dominic J Bartolone Contributing Editor, C-Suite Wednesday C-Suite Wednesday — SBA Gets Serious about Rural Lending On July 19, SBA announced its new 504 Loan Program Initiative Pilot Program. The program is aimed at assisting small businesses in rural communities through increased access to capital. The 504 Rural Pilot waives the…
Read MoreColeman Report Update! Sponsored by BFC! — Bette Brand, SBA Collateral Coverage, Adam Bergen, Azarian Gymnastics
August 1, 2018 By Bob Coleman Editor, Coleman Report Update! Coleman Report Update! Sponsored by BFC! — Bette Brand, SBA Collateral Coverage, Adam Bergen, Azarian Gymnastics This Week’s Topics * Interview with Bette Brand at the P3 Roundtable in Denver * Bob and Lance discuss SBA Collateral Coverage * Interview with Adam Bergen at America…
Read More2018 SBA Secondary Market Summit
2018 SBA Secondary Market Summit Home Speakers Agenda Registration The 11th Annual Event for SBA Secondary Market Professionals! The only industry event where you can get accurate market intelligence targeted to finance professionals who sell, trade, buy or regulate SBA secondary market paper. Now in its 11th year, the Coleman and Government Loan Solutions’ SBA…
Read MoreSBA Hot Topic Tuesday — New 413, SBA Loan/Purchasing Processing Times
July 31, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — New 413, SBA Loan/Purchasing Processing Times SBA Releases New Personal Financial Statement Form It includes the following major change — The certification field was amended to require a certification from the spouse of any 20% or more owner if…
Read MoreMain Street Monday — Main Street Lending Reaches New Heights
July 30, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Main Street Lending Reaches New Heights Says Thomson Reuters/PayNet in its latest Survey Its Small Business Lending Index reflects new highs, a 10% growth compared to figures from one year ago. Continuous growth and expansion in the small business sector plays…
Read MoreFraud Friday — Business Seller Photoshops Financials, Ripping off Buyer and Bank
July 27, 2018 Fraud Friday — Business Seller Photoshops Financials, Ripping off Buyer and Bank By Contributing Editor: Dominic J Bartolone Coleman Report Fraud Friday A Missouri man is heading to federal prison and was ordered to pay restitution after being convicted of SBA loan fraud. Todd Rood, 53, was sentenced in May to four…
Read MoreColeman Movers & Shakers — George Flores, Richard Dawkins
July 26, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — George Flores, Richard Dawkins George Flores Named SBA Deputy District Director for Fresno District Office “George will provide leadership to the SBA Fresno team that supports Central California’s continued growth through entrepreneurship development, small business expansion, and job creation,”…
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