Coleman Report

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…

January 30, 2020 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Tucker Herring, NEDCO, and Coleman 2019 SBA Lender Professional Award Winners Tucker Herring Joins Ready Capital Tucker Herring recently joined Ready Capital, a national SBA PLP lender, who is ranked #16 in the country with over $250 million…

Congratulations on being named a Coleman SBA Professional Lender of the Year for 2020! You and a plus-one are cordially invited to attend a free lunch in your honor to receive your award on Wednesday, April 15th at one of the many fine restaurants at the Palazzo Tower in Las Vegas. The event will begin…

Coleman 2020 Death Valley Jeep Trip When: Tuesday, April 14, 2020 Time: 7:00am – 7:00pm Pacific Limited to Ten Vehicles Cost: Free Vehicle Rental: Approx. $250 Bob and Joseph Coleman will be hosting a 4 wheel drive tour of Death Valley on Tuesday, April 14th. There is no charge for the outing, but you will…