Coleman Report

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…

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…

November 30, 2017 Coleman Movers & Shakers — Tim Sadler Named EVP of First National Bank of Coweta Download: SBA 2-Year Liquidation Rule Extension Request Tim Sadler Named EVP of First National Bank of Coweta “Tim embodies all of the attributes of a true community banker. He believes in the community and knows the role…

November 29, 2017 CPR Report: SBA 7(a) Prepays “Skyrocket” Due to Principal Repayment Changes By Bob Judge Editor, CPR Report Download the CPR Report, November 2017 Quite a month it has been. A change to how the SBA and Colson will pass-through principal payments on pools originated from FY 2005 to FY 2017 has had…

Coleman’s 2017 SBA Lending Awards About the 2017 Coleman small business lending professional awards The Coleman Report awarded 2017 small business lending professional awards in six categories. Main Street Lenders of the Year SBA 7(a) Lenders of the Year SBA 504 Lenders of the Year Rural Small Business Lenders of the Year Mission-Based Small Business…

November 29, 2017 C-Suite Wednesday — REMINDER: SBA 7(a) Liquidation Wrap-Up Reports Deadline is December 1 The two year window to submit wrap-up reports for SBA 7(a) loans liquidated prior to December 1, 2015 is now here. Double check your PARRiS score in the SBA One dashboard for a list of your loans that fall…

November 28, 2017 By Bob Coleman Editor, Coleman Report SBA Hot Topic Tuesday — SBA 7(a) 25-Year Secondary Market Quotes At Historic Near-Record Highs Maturity Spread Price Weekly % Change 8 Years P + 2.75 108.000 0.000% 10 Years P + 2.75 111.500 0.000% 15 Years P + 2.75 113.100 +1.208% 20 Years P +…

November 27, 2017 Main Street Monday — 10 things the C-Suite Must Know About SBA’s New Procedures — ICBA Webinar 11/29 10 Things the C-Suite Must Know About SBA’s New Procedures When: Nov. 29 | 11 a.m. (Eastern) For: Executive/C-Suite, SBA Loan Department Manager, Compliance Officer, Human Resources Officer CPE: 1 Credit Speaker: Bob Coleman,…

November 22, 2017 By Linda McMahon SBA Administrator Main Street Wednesday — “Shop Small” in YOUR community this Small Business Saturday Your friends and relatives are special. This holiday season, the gifts you give them should be special, too! Big box stores are making a play for Black Friday and online retailers are selling Cyber…

November 21, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Common Errors SBA Lenders Committed Last Fiscal Year Following is a list of lender errors uncovered in SBA’s PARRiS Reviews last fiscal year. Loan Underwriting Discrepancy between Loan Authorization and Credit Memo Failure to Include Industry Analysis Loan Closing…