Coleman Report

March 3, 2020 By Caity Witucki Contributing Editor, Hot Topic Tuesday Hot Topic Tuesday — Proposed Infrastructure Bill to Increase Opportunities for Small Businesses Last Thursday, Honorable Jared Golden submitted a statement to the House Committee on Small Business urging them to enact policies that would update and modernize U.S. infrastructure. Golden projected that an…

March 2, 2020 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Small Business Owner Optimism Remains High There is a sense of vibrancy and enthusiasm among small business owners that is apparent in their optimism about the economy. According to recent statistics from the 2020 Hiscox Small Business Owner Risk Outlook…

February 28, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – Community Banker, Mary Halsey, Indicted On Fraud Allegations A Maryland federal grand jury has indicted the former CEO and president of Cecil Bank, Mary Beyer Halsey, on fraud charges related to the purchase of a foreclosed-upon home. To obtain the property, Halsey…

February 27, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — John Daniels, Dave Hrabrich, and Home BancShares, Inc. John Daniels joins First Internet Bank’s SBA Lending Team John Daniels has joined First Internet Bank’s SBA Lending team. Serving as Vice President, Senior Business Development Officer, he will focus…

February 26, 2020 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday — A Discussion with SBA Administrator Jovita Carranza: Current Issues and the FY2021 Budget This morning, the newly confirmed head of the Small Business Administration, Jovita Carranza, testified before the full House Small Business Committee at 11:30 A.M. Eastern. The hearing was titled…

February 25, 2020 By Caity Witucki Contributing Editor, Hot Topic Tuesday Hot Topic Tuesday — SBA Administrator Addresses FY 2021 Budget Last week, House Small Business Committee Chairwoman Nydia M. Velázquez announced that the newly confirmed head of the Small Business Administration will be testifying before the full Committee on Wednesday, February 26th at 11:30…

February 24, 2020 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – SBA and MBDA Celebrate Black History Month Since February is Black History Month, the Small Business Administration (SBA) and the Minority Business Development Agency (MBDA) have taken the opportunity to celebrate and recognize the contributions of African American small business…

February 20, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Trae Dorough, Mitch Belton, Rebecca Grant, and Will Tinsley Trae Dorough Named Executive Director of the National Rural Lenders’ Roundtable Trae Dorough, the Coleman Report’s 2018 SBA Rural Lender of the Year, was recently named executive director of…

February 19, 2020 By Caity Witucki Contributing Editor, C-Suite Wednesday CORRECTED: C-Suite Wednesday — SBA’s Annual Performance Report Outlines Lender Compliance Goals for 2020 Corrected Version (2/19/20) Substitutes “Agency” for “SBA Inspector General” To ensure accountability and track progress, the SBA has developed Agency Priority and Performance Goals that are assessed on a quarterly basis.…

February 18, 2020 By Caity Witucki Contributing Editor, Hot Topic Tuesday Hot Topic Tuesday — SBA Loan Delinquency Rates Continue to Steadily Decline On December 30, 2019, the SBA released its annual Financial Report for FY 2019. Among other things, the annual Financial Report provides insight into the SBA’s loan delinquency rates, which are a…