Coleman Report
FY 2020 Updated Fee Schedule for SBA Oversight of 7(a) Lenders
March 13, 2020 By Caity Witucki Contributing Editor FY 2020 Updated Fee Schedule for SBA Oversight of 7(a) Lenders Thursday night, the SBA released a notice announcing the FY 2020 updated fee schedule for SBA oversight of 7(a) lenders. The following fees are in effect as of March 11, 2020: The annual fee for monitoring,…
Read MoreFraud Friday – Art Seller Uses Fake Paintings as Collateral in $6 Million Fraud Scheme
March 13, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – Art Seller Uses Fake Paintings as Collateral in $6 Million Fraud Scheme Philip Righter, A West Hollywood resident, pleaded guilty Tuesday to federal criminal charges surrounding the sale of bogus art which he claimed was created by artists such as Jean-Michel Basquiat,…
Read MorePreparing the 7(a) 10-Tab PDK in the Pandemic Environment — 2021 Update — Webinar 9/22
Preparing the 7(a) 10-Tab PDK in the Pandemic Environment — 2021 Update — A Coleman Webinar 75-minutes of Online Training for your staff A Coleman WebinarDate: Wednesday, September 22, 2021Time: 2:00 p.m. EasternDownload a Registration Form SBA refined the Guaranty Purchase 10-Tabs to streamline the submission of guaranty requests. The 10-Tabs became “Mandatory” on…
Read MoreColeman Movers & Shakers — Pam Scott, Stephen Meade, and American Momentum Bank
March 12, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Pam Scott, Stephen Meade, and American Momentum Bank Pam Scott Joins Harvest as BDO Last week, Pam Scott joined Harvest SBF as their newest BDO. Scott has over 30 years of experience in SBA and commercial real estate…
Read MoreC-Suite Wednesday – The Impact of Blockchain Technology on Small Business Lending Institutions
March 11, 2020 By: Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – The Impact of Blockchain Technology on Small Business Lending Institutions On March 4, 2020 the House Committee on Small Business held a hearing to explore how blockchain technology could be used to support small business growth and modernize SBA lending. “I know…
Read MoreBREAKING NEWS – President Trump Instructs Congress to Increase SBA Funding in Response to Coronavirus Outbreak
March 11, 2020 By: Caity Witucki Contributing Editor BREAKING NEWS – President Trump Instructs Congress to Increase SBA Funding in Response to Coronavirus Outbreak Wednesday night, President Donald Trump addressed the nation in response to the Coronavirus epidemic. In the address, President Trump announced that he was canceling all US travel from Europe for the…
Read MoreHot Topic Tuesday – Legislation Passes for SBA COVID-19 Emergency Funding
March 10, 2020 By: Mary Miller & Caity Witucki Contributing Editors, Hot Topic Tuesday Hot Topic Tuesday – Legislation Passes for SBA COVID-19 Emergency Funding Last Friday the Coronavirus Preparedness and Response Supplemental Appropriations Act (H.R. 6074) was signed by the President and became law. The legislation provides $8.3 billion in new funding to support…
Read MoreMain Street Monday –Kabbage Launches App Allowing Small Businesses to Take Control of Their Cash Flow
March 9, 2020 By: Caity Witucki Contributing Editor, Main Street Monday Main Street Monday – Kabbage Launches App Allowing Small Businesses to Take Control of Their Cash Flow Kabbage, an online financial technology company, recently launched a new program that promises to help small- to medium-sized businesses calculate and predict cash flow and help them…
Read MoreFraud Friday – Houston Man Admits to SBA Disaster Assistance Fraud
March 6, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – Houston Man Admits to SBA Disaster Assistance Fraud Hurricane Harvey reportedly caused an influx of identity theft and bank fraud which resulted in over 1,800 complaints to the Department of Justice. As a result of a thorough investigation, five Houston-area residents were…
Read MoreColeman Movers & Shakers — Bryson Patterson, Capital CDC, Mike Shepston, and Pursuit
March 5, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Bryson Patterson, Capital CDC, Mike Shepston, and Pursuit Bryson Patterson Become SBA Deputy District DirectorThe U.S. Small Business Administration is pleased to announce that Bryson Patterson has been promoted to South Dakota Deputy District Director. Patterson has served…
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