Coleman Report

January 6, 2025 by Bob ColemanFounder & Publisher SBA Hot Topic Tuesday: SBA Halts Minnesota SBDC Funding in Response to Somali PPP and EIDL Loan Fraud SBA has responded to the evolving Somali loan fraud scandal by immediately halting funding for the following Minnesota state programs: In a letter to Governor Tim Walz, SBA Administrator…

January 5, 2026 by Bob Coleman Founder & Publisher Main Street Monday: Comerica Small Biz Outlook for 2026, 79% Project Sales Increase, 57% Need Financing “Small businesses have navigated a year filled with challenges—from tariffs and inflation to a prolonged government shutdown—yet their optimism remains unwavering,” says Larry Franco, Comerica Bank Executive Vice President and…

January 2, 2025 by Bob ColemanFounder & Publisher Fraud Friday: 2025’s Biggest Fraudsters — Where Are They Now? 1. Stephanie Hockridge (Blueacorn) 2. Nathan Reis (Blueacorn) 3. Kerri Agee (Banc-serv) 4. Hector Barreto (former SBA Administrator) 5. Kris Roglieri Watch Fraud Friday on YouTube here

December 30, 2025 Bob ColemanFounder & Publisher Hot Topic Tuesday: SBA Extends Franchise Re-Certification Deadline to June 30, 2026 SBA’s Office of Capital Access issued the notice below on December 23, extending the Franchise Re-Certification deadline. Dear SBA Lender: For Franchise Brands that were listed on the SBA Franchise Directory as of May 2023, SBA…

December 29, 2025 Bob ColemanFounder & Publisher Main Street Monday: B of A Says Small Business Small Business Saturday a Success but Profit Margins are Disappearing Small business owners found some seasonal breathing room in November, but the underlying direction is starting to turn. Profits stayed positive, helped by holiday-driven activity like Small Business Saturday.…

December 23, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday: SBA Approves 6 MARC loans for $5 Million MARC Loan Statistics Snapshot  Total Activity Employee Size Breakdown Geographic Distribution SBA says the first MARC Loans demonstrate the range of transactions the product was engineered to support. SBA cited initial approvals supporting working capital needs…

December 22, 2025 by Bob ColemanFounder & Publisher Main Street Monday: SBA Relaxes 100% U.S. Citizenship Ownership Standards to 95% SBA has announced a major change that has held up many SBA 7(a) and 504 loans. Beginning January 1, 2026, SBA will allow a Borrower to have up to 5%  ownership by foreign nationals, U.S.…

December 19, 2025 Bob ColemanFounder & Publisher Community Bank President Sentenced for Concealing Losses and Misusing Bank Funds Former community bank president Aaron Johnson pleaded guilty to federal charges related to the misuse of bank funds and the concealment of losses at Farmers Bank of Carnegie, Oklahoma. Johnson, a sixth-generation member of the bank’s founding…

December 18, 2025 Bob ColemanFounder & Publisher Movers & Shakers: Kirk Beason, Heidi Whitesell, Ninel Struzska & Raquel Zippilli Join Capital Bank Capital Bank, N.A. has announced the expansion of its SBA team with the addition of four experienced SBA professionals, strengthening the bank’s national small business lending platform. “This expansion represents a deliberate investment…

December 17, 2025 Bob ColemanFounder & Publisher A Coleman Conversation: Karen McHugh In this episode of A Coleman Conversation, Bob Coleman sits down with Karen McHugh to mark her retirement from the SBA industry and reflect on a remarkable 40-plus-year career. Karen shares how an unexpected entry into SBA lending became a lifelong vocation focused…