Coleman Report
Main Street Monday — NEW Video Coleman Report Update for December 17, 2017!
December 18, 2017 Main Street Monday — NEW Video Coleman Report Update for December 18, 2017! Check out our revamped vlog. This week’s December 18, 2017 stories for Main Street Lenders: Congressman Sanford Bishop talks about USDA b&i lending. SBA Inspector General Claws Back $5 Million from Lenders The 8 Components of SBA Loan Workout…
Read MoreFraud Friday — Borrower Pleads Guilty to $1.7 Million Fraud
December 15, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Borrower Pleads Guilty to $1.7 Million Fraud A Missouri small businessman sold his business for $2 million. United Community Bank loaned the buyers$1.7 million. The problem is Todd Rood, 46, falsified the financials. He claimed profits of over $500,000. Writes the Western District…
Read MoreColeman Movers & Shakers — Live Oak Bank Announces 16th Lending Vertical — Automotive Care Industry.
December 14, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Live Oak Bank Announces 16th Lending Vertical — Automotive Care Industry. “The automotive industry is one of the largest in the U.S., yet owners of auto repair businesses may struggle to find financing options to help them grow or…
Read MoreSBA Hot Topic Tuesday — Inspector General Claws Back $5 Million Paid to 6 Lenders in 2015
December 12, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Inspector General Claws Back $5 Million Paid to 6 Lenders in 2015 The $5 million is to be billed to six lenders that previously received payment from SBA honoring a 7(a) guaranty in FY 2015. One loan is the…
Read MoreFraud Friday — Wisconsin Community Bank CEO Gets 2 Years in Jail for Fraud
December 8, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Wisconsin Community Bank CEO Gets 2 Years in Jail for Fraud “Bank executives who intentionally falsify bank records to deceive regulators must be brought to justice for their actions,” says Mark Bialek, Inspector General of the Board of Governors of the Federal Reserve…
Read MoreColeman Movers & Shakers — FLAGGL Announces New Officers and Board Members for FY 2018
December 7, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — FLAGGL Announces New Officers and Board Members for FY 2018 “I am honored to have been elected as next year’s Chair,” says Deborah Petrell of Florida First Capital Finance “This is an exciting time to oversee the organization’s strategic…
Read More2017 National Rural Lenders’ Roundtable on USDA Rural Development
December 7, 2017 By Bob Coleman Editor, Coleman Report The Farm Bill and Rural Small Business Lending Congressman Sanford Bishop of Georgia addressed 70 rural development lenders this morning at the 2017 National Rural Lender’s Roundtable in Washington D.C. Getting capital to rural America’s Main Street is a passion of his.He praised the USDA rural…
Read MoreC-Suite Wednesday — SBA 7(a) Premium Distribution for 2017
December 6, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA 7(a) Premium Distribution for 2017 At yesterday’s 10th Annual SBA Secondary Market Summit, SBA Secondary Market Chief John Wade presented these excellent charts of premiums realized by lenders for SBA 7(a) loans sold to the secondary market in FY17. The Matrix Heat…
Read MoreSBA Hot Topic Tuesday — SBA Secondary Market Stats
December 5, 2017 SBA Hot Topic Tuesday — SBA Secondary Market Stats The 10th Annual 2017 SBA Secondary Market Summit is currently in process in Washington D.C., I will cover the event in more detail at a later date, but in the interim I am forwarding the power points from the presenters. Pay particular attention…
Read MoreFraud Friday — Oregon Community Bank CEO and CFO Guilty of 13 Counts of Bank Fraud
December 1, 2017 Fraud Friday — Oregon Community Bank CEO and CFO Guilty of 13 Counts of Bank Fraud For covering up bad loans by falsifying bank reports to their Board of Directors and regulators. The bank failed in 2012. Dan Heine, former CEO of Bank of Oswego and Diana Yates were found guilty this…
Read More