Coleman Report

November 9, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Business Ownership is Driven by Opportunity, Not Necessity In a report released yesterday, the SBA Office of Advocacy discussed the reasons small business owners chose to run a business. “While making money is a large reason business owners work for themselves, personal reasons can be just…

November 8, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA Proposes to Add Three More SBLC Licenses “SBA has determined that certain markets where there are capital market gaps continue to struggle to obtain financing on non-predatory terms. Therefore, SBA is proposing to lift the moratorium on licensing new Small Business Lending Companies…

November 7, 2022 Delaney SextonContributing Editor Main Street Monday – Customers Bank will Pay $58 Million to Kabbage for PPP Dispute In the first round of PPP in 2020, Kservicing, formerly known as Kabbage, processed Customers Bank’s PPP loans and earned $47 million in servicing fees. The bank paid the fees for the first round…

November 4, 2022 Delaney SextonContributing Editor Fraud Friday – Restaurateur Pleads Guilty to PPP Fraud and Making Interstate Threats “As he admitted in court today, Besim Kukaj conspired with others to try to secure more than $3.5 million dollars in government-backed loans intended for businesses devastated by the COVID-19 pandemic. Kukaj told banks that his…

November 3, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Kelly Jackson, Brian Evans, First Business Bank SBA Team, and TMC Financing Kelly Jackson joins First Bank of the Lake as SVP, SBA Healthcare and Commercial Real Estate West Sales Manager “Kelly is a top performer who has proven to be a trusted advisor…

November 2, 2022 Delaney SextonContributing Editor C-Suite Wednesday – Bob Coleman Live at 2022 NACLB Bob Coleman will be speaking at the 2022 National Alliance of Commercial Loan Brokers Conference and Expo live from Las Vegas on Thursday, November 3, 2022 at 12:00 p.m. ET. The 8th annual NACLB Conference & Expo will provide education…

November 1, 2022 Delaney SextonContributing Editor SBA Hot Topic Tuesday – SBA Streamlines Lending Criteria in Rule Proposal “The U.S. Small Business Administration (SBA or Agency) is proposing to amend various regulations governing SBA’s 7(a) Loan Program and 504 Loan Program, including use of proceeds for partial changes of ownership, lending criteria, loan conditions, reconsiderations,…

October 31, 2022 Delaney SextonContributing Editor Main Street Monday – SBA Proposes Eliminating Tax Returns From Family Members In a proposed rule released by SBA last week, they mention removing a paragraph about affiliation based on identity of interest “because SBA believes it is inherently unfair and impractical to require close relatives to provide multiple…

October 28, 2022 Delaney SextonContributing Editor Fraud Friday – Former Wells Fargo Fraud Analyst Indicted for $1 Million PPP Fraud Tamakia Harris along with another bank employee, Shavondra White, are being accused of fraudulently obtaining PPP funds. Cedric Benton, was also indicted for the alleged PPP fraud scheme. Harris, the fraud analyst, is now facing…

October 27, 2022 Delaney SextonContributing Editor Coleman Movers & Shakers – Rich Grant, Rita Mitchell, Bob Gonzales, Elle Merkley, and CDC Small Business Finance Rich Grant Named CEO of Bay Area Development Company Reflecting on his appointment by the Board of Directors and Baird’s departure, Grant says, “I am honored to be leading the Bay…