Coleman Report

April 30, 2025 Bob ColemanFounder & Publisher THIS JUST IN! — Herndon to Purchase all SBA 7(a) Small Loans, Fresno Becomes the Lead Contact for Loan Servicing Center Actions Citing greater efficiency and a better “customer service” experience, Fresno will be the point of contact for all SBA loan servicing actions. And the National Guaranty…

April 29, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA’s 7(a) Loan Calculator Buried in the news of last week’s new SOP 5010 8 is an updated SBA 7(a) Loan Guaranty Calculator. Download the spreadsheet from SBA’s website here: https://www.sba.gov/document/support-sba-7a-loan-guaranty-fee-calculator PS — Registration is still open for today’s 2 pm Eastern new…

April 28, 2025 Bob ColemanFounder & Publisher Restaurant Franchise Operators Expect Traffic Decline in 2025 Says Citizens Bank The Citizens Bank April 2025 Restaurant Industry Insights reported on an event sponsored by the bank for multi-unit franchise owners. A survey completed by leading multi-unit franchise operators in attendance yielded insightful feedback. Results revealed that 89%…

April 25, 2025 Bob ColemanFounder & Publisher Fraud Friday: Family Affair: Man and Sister-in-Law Plead Guilty in $19 Million Real Estate Loan Fraud Scheme In a tangled web of deceit spanning Massachusetts and Connecticut, a husband, wife, and sister-in-law have been caught orchestrating a massive $19 million loan fraud conspiracy. The scheme, which unraveled this…

April 24, 2025 Bob ColemanFounder & Publisher Marty Teckler Joins Starfield & Smith, Accion Passes $1 Billion in Fundings Marty Teckler Joins Starfield & Smith The national expert in SBA SBLC and SBIC licensing has joined the SBA Industry’s boutique law firm of Starfield & Smith as Senior Counsel. With over 30 years of experience,…

April 23, 2025 Bob ColemanFounder & Publisher Takeaways from SBA 7(a) Quarterly Connect Call My takeaways from yesterday’s SBA quarterly connect call: First, congratulations to SBA for improving its production values. It was an excellent choice to have Administrator Kelly Loeffler lead off, giving an overview and explanation of why the changes were implemented. You…

April 22, 2025 Bob ColemanFounder & Publisher SBA Releases New SOP 5010 8 (Download Here!) RIP “Do What You Do” All new materials from SBA available for download: In the first major rewrite of SOPs in 5 years, SBA has wholeheartedly rejected the “do what you do” rule and has returned guardrails to the SBA…

April 22, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — “Do What You Do” Rule Eliminated for Equity Injection Documentation This revision from last week’s procedural notice marks the first signal of the Administration’s intent to modify the “do what you do rule.” The Shift in Requirements The updated policy represents a significant…

April 21, 2025 Bob ColemanFounder & Publisher Main Street Monday — 33% of Small Businesses Say Paying Debt is a Challenge, 51% Concerned about Uneven Cash Flow Our final installment of interesting statistics from the Federal Reserve Bank’s small business credit survey: Rising costs of goods, services, and wages remain the most commonly reported financial…

April 18, 2025 Bob ColemanFounder & Publisher Fraud Friday — Blueacorn’s Stephanie Hockridge Trial Slated for May 15th With one of Blueacorn’s co-founders scheduled for trial next month, I am beginning a series of Fraud Friday reports examining PPP loan fraud.  History may very well judge this as the most egregious PPP loan fraud case.…