Coleman Report

Credit Elsewhere, Personal Resource Test, Affiliation, Loan Fees — A Coleman Webinar Home Speakers Agenda Registration 75-minutes of Online Training for your staff A Coleman Webinar Date: Wednesday, September 23, 2020 Time: 2:00 p.m. Eastern Download a Registration Form SBA released number of rules on credit elsewhere, personal resource test, and affiliation definitions and loan…

February 10, 2020 By: Caity Witucki Contributing Editor, Main Street Monday Main Street Monday – Small Business Owner Optimism Dips but Remails Strong According to the Wells Fargo/Gallup Small Business Index, small business owner optimism softened slightly in Q1 of FY 2020. However, Small business owners remain upbeat about their companies’ outlook and many report…

February 7, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – Business Owner Pleads Guilty to $ 26 Million Dollar Fraud Scheme On January 30, 2020, Russell Grundy, a former Aurora, Missouri, business owner pleaded guilty in federal court to a series of multi-million dollar fraud schemes. The allegations brought against Grundy include…

February 6, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Marcq Sung, Mark Donovan, and Bruce R. Marks Marcq Sung Joins Community Reinvestment Fund Community Reinvestment Fund (CRF) has hired Marcq Sung to be its director of program strategy and development. Sung brings nearly 15 years of experience…

February 5, 2020 By Caity Witucki Contributing Editor, C-Suite Tips Wednesday C-Suite Tips – Lending Institutions are Taking Advantage of the New USMCA On January 29th, President Donald Trump signed the United States-Mexico-Canada Agreement (USMCA) and lending institutions are already seeing the benefits. Although Canadian Prime Minister, Justin Trudeau has yet to sign the agreement,…

2020 Collateral Requirements for SBA 7(a) Loans Under $350,000 and Over $350,000 Home Speakers Agenda Registration Learn SBA collateral requirements for underwriting and documenting your borrowers’ SBA loans and protect your SBA guaranty. 75-minutes of Online Training for your staff A Coleman Webinar Date: Thursday, March 19, 2020 Time: 2:00 p.m. Eastern Download a Registration…

February 4, 2020 By Caity Witucki Contributing Editor, C-Suite Wednesday Hot Topic Tuesday — SBA Secondary Market Update In Washington DC, On January 8, 2020, the SBA provided an update on the secondary market and changes coming in the new SOP. Here are the highlights from the SBA’s presentation: Pools are up despite overall loan…

February 3, 2020 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – SBA and FDIC Release Two New Updates to Money Smart for Small Business Curriculum In a recent news release, the SBA and FDIC announced two new updates to the highly successful Money Smart for Small Business program. Both updates focus…

Coleman’s 3rd Annual SBA 7(a) and 504 Construction Loan Webinar Home Speakers Agenda Registration Learn SBA-compliance requirements for underwriting and documenting your borrowers’ SBA construction loans and protect your SBA guaranty. 75-minutes of Online Training for your staff A Coleman Webinar Date: Wednesday, February 19, 2020 Time: 2:00 p.m. Eastern Download a Registration Form Underwriting…

January 31, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – Former Chief Lending Office Admits to Making False Statements to the SBA James Bortolotti, a former chief lending officer at First Choice Bank in New Jersy, has admitted to improperly securing a $3.75 million federal guarantee on a loan by making false…