Coleman Report
SBA 7(a) Approvals by Illinois Lenders
August 20, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Illinois Lenders For fiscal year 2024, these are the lending statistics by Illinois lenders as of August 19, 2024:
Read MoreColeman’s On-Demand Webinars
Available Webinars: – How to Underwrite the SBA Business Acquisition Loan– Spotting Borrower Fraud and Reporting to SBA’s OIG– Calculating Cash Flow the SBA Way in 2024– How to Quickly and Perfectly Close the SBAExpress Loan– Getting the SBA Guaranty Paid on the Early Defaulted 7(a) Loan– Documenting Equity Injection the SBA Way– Insurance Coverage…
Read MoreColeman’s 14th Annual SBA Motel and Hotel Financing Webinar – Webinar 9/19
What Underwriters Need to Know for 2025 BONUS PDF — Coleman’s 2025 Hotel SBA Underwriting Addendum Checklist A Coleman WebinarDate: Thursday, September 19, 2024Time: 2:00 p.m. EasternIncludes e-certification & recording SBA loan data shows that hospitality loans continue to perform excellently, leaving an attractive option for a lender’s loan portfolio with historically low default and…
Read More“The Roglieri Collection” will be Auctioned Off to Repay Debtors
August 19, 2024 Delaney SextonContributing Editor “The Roglieri Collection” will be Auctioned Off to Repay Debtors The Saratoga Automobile Museum will be auctioning off five of Kris Roglieri’s cars during the museum’s 8th Annual Motorcar Auction. The cars being auctioned include three Mercedes-Benz cars: a 2005 AMG CL65, a 2019 G63 AMG, and a 2021…
Read MoreSBA 7(a) Approvals by Idaho Lenders
August 19, 2024 Delaney SextonContributing Editor SBA 7(a) Approvals by Idaho Lenders For fiscal year 2024, these are the lending statistics by Indiana lenders as of August 17, 2024:
Read MoreTwo NYPD Detectives are Accused of Helping 65 People Obtain Fraudulent PPP Loans
August 16, 2024 Delaney SextonContributing Editor Two NYPD Detectives are Accused of Helping 65 People Obtain Fraudulent PPP Loans “As alleged, the defendants, including members of law enforcement responsible for upholding the law, defrauded the United States government out of relief funds meant for businesses struggling to survive the pandemic,” states United States Attorney Breon…
Read MoreLenders May Use the New Form 1086
August 15, 2024 Delaney SextonContributing Editor Lenders May Use the New Form 1086 SBA Form 1086 (12-23) Effective 8/1/2024, Lenders may use Form 1086 (12-23) to sell the guaranteed portion of an SBA 7(a) in the secondary market. As a reminder, all sale documentation sent to the FTA’s SettlementExpress@sba.gov inbox on or after 9/3/2024, must include the December 2023 version for the…
Read MoreChris Ward Joins TD Bank as Regional President of Mid-South Metro
August 15, 2024 Delaney SextonContributing Editor Chris Ward Joins TD Bank as Regional President of Mid-South Metro “Chris has a deep understanding of the opportunities and challenges facing local businesses and how to help them fund their ambitions,” Chris Giamo, head of commercial banking, TD Bank, says. “This knowledge can further enhance our teams’ abilities…
Read MoreCDC Small Business Finance Welcomes Joe Delgadillo and Carlos Marroquin
August 15, 2024 Delaney SextonContributing Editor CDC Small Business Finance Welcomes Joe Delgadillo and Carlos Marroquin CDC Small Business Finance has added experienced loan officers Joe Delgadillo to its 504 Commercial Real Estate team in Orange County and Carlos Marroquin to its Small Business Lending team in Los Angeles. Joe Delgadillo – 504 Commercial Real…
Read MoreBryon Borchers Joins First State Bank of Uvalde as SVP, Commercial Lending Officer
August 14, 2024 Delaney SextonContributing Editor Bryon Borchers Joins First State Bank of Uvalde as SVP, Commercial Lending Officer “Bryon’s extensive experience in commercial lending and his steadfast dedication to community involvement make him a solid addition to our bank,” says Chad D. Stary, President and CEO of First State Bank of Uvalde. “We are…
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