Coleman Report

December 16, 2019 By: Mary Miller Contributing Editor, Main Street Monday Main Street Monday – New Kabbage Data Points to Continued Economic Growth According to the Kabbage Small Business Revenue Index, small businesses across the U.S. reported overall strong revenue growth in every state and industry in the first half of this calendar year. The…

December 13, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday– All Federal Charges Dismissed Against James Graber and Kristin King A United States District Court judge has ordered all charges against all defendants, including Greenberg Traurig, LLP client James Graber, to be dismissed in the long-running case of two bank officers and a…

December 12, 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — John Davis, Patti Kibbe, and Randy Kyle CapStar Bank Hires John Davis as New Chief Operations and Technology Officer CapStar Bank has hired John A. Davis as Executive Vice President, Chief Operations and Technology Officer. Davis will lead…

December 11, 2019 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – Senator Risch Addresses Rural Access to Capital at the National Rural Lenders’ Roundtable On December 4, 2019, Senator Risch (R ID) spoke at the National Rural Lenders’ Roundtable in Washington DC. “In my years of service to Idaho I have seen firsthand…

December 10, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – Senate Nomination Hearing for New SBA Administrator On December 11, 2019, at 2:30 PM EST, The Senate Committee on Small Business and Entrepreneurship will hold a nomination hearing for Jovita Carranza. A livestream will be available on the…

December 9, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Main Street Optimism Levels Remain High As economists and investors debate whether or not a recession looms on the horizon, small business owners remain cautiously optimistic. “The small business people are at the end of the supply chain. If it’s…

December 6, 2019 By Caity Witucki Contributing Editor, Fraud Friday Fraud Friday– Three Marijuana Businessmen Fraudulently Obtain SBA Funding In June 2019, the SBA issued a Notice of Suspension to three marijuana business entrepreneurs, prohibiting their participation in SBA programs. According to the OIG, the SBA suspension and debarment official reviewed pending criminal charges against…

December 5 2019 By Caity Witucki Contributing Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Stone Bank, Suzanna Caballero, and Elaine Fairman Stone Bank Recognized as Top Arkansas SBA Lender Stone Bank was recently recognized by the Arkansas Division of the U.S. Small Business Administration as being the top SBA lender in Arkansas…

December 4, 2019 By Caity Witucki Contributing Editor, C-Suite Wednesday C-Suite Wednesday – Preparing SBA Loans for Immigrants and Non-U.S. Citizens Entrepreneurs are finding it increasingly important to seek out lenders who are properly aligned with their financial and professional goals. This is especially true for small business entrepreneurs in “difficult” situations, such as non-U.S.…

December 3, 2019 By Caity Witucki Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday – OCRM Fails to Perform Effective Oversight of High-Risk Lenders On November 12, 2019, the SBA OIG released a report which presented the results of an audit of the SBA’s oversight of high-risk lenders. The audit found that OCRM…