Coleman Report

July 19, 2024 Delaney SextonContributing Editor Kris Roglieri Seeks Release After Being Detained for 7 Weeks – Fraud Friday Kris Roglieri is seeking a new detention hearing with hopes of being released from jail according to an update from the Times Union. He was arrested for one count of wire fraud at the end of…

July 18, 2024 Delaney SextonContributing Editor Former SBA Administrator Linda McMahon Open to SBA Second Act On Tuesday, Politico interviewed Linda McMahon who suggested she is “ready to serve” if the opportunity presents itself to return to SBA. She says she has a “servant leader’s heart.” Inc. reported that McMahon extended advice to SBA’s 68…

July 18, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Industry For fiscal year 2024, these are the lending statistics by industry as of July 16, 2024:

July 17, 2024 Delaney SextonContributing Editor Consumers Show Less Interest in Dining Out and Rising Menu Prices Citizens Bank released their July 2024 Restaurant, Franchise & Multi-unit update, which highlights the headwinds restaurants are facing as consumers undergo pressure with spending. Coffee/snack (+4.6%), Burger (+0.4%), Mexican (+0.3%), and Fast Casual (+0.3%) restaurants have maintained sales…

July 17, 2024 Delaney SextonContributing Editor Ron Pak Joins First Business Banks as Vice President – SBA Lending Ron brings nearly 20 years of diverse financial services experience to his role, having held positions in consumer banking, private banking, and business/commercial banking. His extensive background enables him to excel in communication, speed to execution, and…

July 17, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Number of Employees For fiscal year 2024, these are the lending statistics by number of employees as of July 15, 2024:

July 16, 2024 Delaney SextonContributing Editor Farm Lending Activity Increased by 20% in the Last Year In the second quarter of 2024, the volume of new operating loans for farmers increased by 20% from the year before. Boosted farm lending activity is believed to be connected to the larger size of loans at small and…

July 16, 2024 Delaney SextonContributing Editor Merchants & Marine Bank Receives Preferred Lender Status from SBA “The PLP authority granted by the SBA enables Voyager Lending, a division of Merchants & Marine Bank, to approve most SBA loans in-house, expediting the approval process by eliminating the need for a separate SBA review,” explains Matthew McElveen,…

July 16, 2024 Delaney SextonContributing Editor SBA 504 Lending Stats by Business Type For fiscal year 2024, these are the lending statistics by business type as of July 15, 2024: