Coleman Report

January 29, 2020 By Bob Coleman Editor, Coleman Report Participate in Coleman’s 2020 SBA Department Compensation Survey and Receive a Free Report! Coleman’s 2020 SBA Department Compensation Survey Coleman’s annual SBA industry compensation report will include all SBA lending professional job descriptions: SBA Loan Department Manager SBA Loan Sales Manager SBA Business Development Officer SBA…

January 29, 2020 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – Corporate Governance Rule Changes that Affect CDCs During the SBA Office of Financial Assistance Connect Call on Tuesday, January 14th, OFA team member, Rosemarie Drake, introduced the Corporate Governance Rule changes that went into effect on January 3, 2020. This rule streamlines…

Coleman’s 2020 SBA Lending Awards Congratulations again to the Coleman 2020 SBA Lending Award Winners! Coleman 2020 Main Street Lenders of the Year John Kropf Growth Capital Corporation Tareasa Harrell Signature Bank of Georgia Coleman 2020 Woman Lender of the Year Merri Adams CDC Small Business Finance SBA 504 Lender of the Year Tim Souther…

January 28, 2020 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – SBA’s OIG Identifies Material Deficiencies in 21 Defaulted Loans (Part 2) The SBA’s Office of Credit Risk Management (OCRM) is responsible for the oversight of SBA’s lending partners and their loan portfolios. However, a recent audit report revealed…

January 27, 2020 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Mentoring Services Help Small Businesses Succeed January is National Mentoring Month. The expertise of a mentor is invaluable for a successful launch. According to recent statistics, 87% of entrepreneurs who take advantage of SBA mentoring services are still in business…

January 24, 2020 By Bob JudgeEditor, CPR Report CPR Report: Actual 7(a) Prepays Back Above 18% In November, total prepays, including paid excess principal (ACPR), came in at 18.40%, a 7% increase from last month’s reading of 17.25%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came in at…

January 24, 2020 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday – Former Bank Executive Convicted in $15 Million Fraud Scheme Troy Gregory, a former senior lending officer at University National Bank in Kansas, has been found guilty of bank fraud in a scheme that ensnared 25 other banks. In 2007, Gregory began the…

January 23, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Greg Gala, J.C. de Ona, and Tony Holtzman First Internet Bank Adds Greg Gala to SBA Team Gaurang “Greg” Gala has joined First Internet Bank’s SBA Lending team as Vice President, Senior Business Development Officer. Gala’s expertise is…

January 22, 2020 By Caity Witucki Contributing Editor, Coleman’s 2019 SBA Lender Awards Coleman’s 2019 SBA Lender Awards — Coleman’s 2019 Business Development Officers of the Year Congratulations to Coleman’s 2019 Business Development Officers of the Year: Jimmy Jarrell, Edward Tuvin, Jason Stewart, Paul Long, and Maria Lawson! Jimmy Jarrell, TD Bank Jimmy Jarrell has…

January 22, 2020 By Caity Witucki Contributing Editor, C-Suite Tips Wednesday C-Suite Tips – OCRM Identifies Material Deficiencies in 21 Defaulted Loans On November 12, 2019, the SBA OIG released a report which presented the results of an audit of the SBA’s oversight of high-risk lenders. Upon review, OCRM identified material deficiencies in the 21…