Coleman Report

Main Street Monday – Small Business Optimism Levels Dip Slightly, Remain Near Historically High Levels Says NFIB October 14, 2019 By Caity Witucki Contributing Editor According to the NFIB Small Business Optimism Index, small business optimism levels remain high despite dipping 1.3 points in September. However, the NFIB’s uncertainty index rose 2 points in September,…

October 11, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday — What You Can Learn from the Rockford Bank & Trust Fraud Case Jim Graber, 57, Senior Vice President at Rockford Bank and Trust Company Kristin King, 45, Vice President and Government Lending Manager at Rockford Bank and Trust (Source: LinkedIn) In 2017…

October 10, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Mark Davis, Jack Lucas, Cesar Jimenez, and NADCO Mark Davis Joins SBA Team at First Business Bank Mark Davis joins First Business Bank as an SBA Business Development Officer with nearly 20 years of experience in SBA lending.…

October 9, 2019 By Caity Witucki Contributing Editor, C-Suite Tips Wednesday SBA C-Suite Tips Wednesday — Learn from Small Business Loan Fraud Last weekend at a National Alliance of Commercial Loan Brokers (NACLB) conference in Las Vegas, the Coleman Report’s very own, Bob Coleman addressed what loan brokers and lenders could learn from 2019 small…

October 7, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Growth of Women-Owned Businesses Up 21% in Last Five Years According to a recent study conducted by American Express, women-owned businesses have experienced more growth over the last five years (21%) than all small businesses combined (9%). Women-owned businesses now…

4 October 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday— Former Jacksonville City Council Members Found Guilty of Fraud On October 2, 2019, a federal jury convicted former Jacksonville city council members Katrina Brown and Reginald Brown of dozens of fraud charges tied to the misuse of SBA loan funds. At least $754,613…

October 3, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Beth Hallock, Andrew Adams, and Kendall Garrison Beth Hallock Named President SBA at United Community Bank United Community Bank has announced the promotion of Beth Hallock to President of SBA. Hallock has over 35 years of industry experience,…

October 2, 2019 By Caity Witucki Contributing Editor, C-Suite Tips Wednesday SBA C-Suite Tips Wednesday — Review SAM to Determine if a Borrower is Ineligible for SBA Funding Participating lenders enter into an agreement with the SBA to make loans to small businesses in accordance with the rules, regulations, policies, and procedures set forth in…

October 1, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — President Signs Continuing Resolution For SBA Funding Last Friday, the President signed a seven-week continuing resolution bill which will ensure that the SBA will remain open through November 21, 2019. The continuing resolution will provide lawmakers with more…

September 30, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday (Monday Edition) — 7(a) Fees Effective for the Period October 1, 2019 through November 21, 2019 SBA Information Notice 5000-19021 7(a) Fees Effective for the Period October 1, 2019 through November 21, 2019 Annual Service and Upfront Guaranty Fees for…