Coleman Report

February 24, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Lamar Cox Part Deux Last week’s Fraud Friday covered the indictment of 73-year old Lamar Cox, the former COO of failed Tennessee Commerce Bank. Kit Menkin, the publisher and editor of Leasing News forwarded me a blog he wrote back in 2012 detailing…

February 23, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Texas Capital Bank Creates SBA Lending Group TEXAS CAPITAL BANK CREATES SBA LENDING GROUP “Our mission is to meet the needs of our clients and SBA lending helps us deliver,” says Keith Cargill, president and CEO of Texas Capital…

February 22, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Small Business Owners are Optimistic that the National Economy is Headed in the ‘Right Direction’; an 11-Point Jump from Previous Survey Says Union Bank in their post-election survey. Stats you should know: Post-election survey finds small business sentiment mixed about the business climate…

February 21, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA’s Plum Jobs Last weeks article. Know where the saying “plum job” comes from? It’s from the color of book published every four years listing all of the jobs a new presidential administration must fill to run the government.…

Former Tennessee COO Community Banker Charged with Fraud 5 Years after Bank Failure February 17, 2017 By Bob Coleman Editor, Fraud Friday 73-year old Lamar Cox has been indicted for delaying the reporting of a $710,000 loss by Tennessee Community Bank. The loss was incurred on the sale of eight foreclosed properties for $4 million.…

February 16, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman’s Movers and Shakers — Linda McMahon Sworn In as SBA’s 25th Administrator Linda McMahon Sworn In as SBA’s 25th Administrator This week the Senate voted 81-19 for Linda McMahon’s confirmation. Ms. McMahon was sworn in on Tuesday, February 14th by Vice President Pence who…

February 15, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA Enhances Franchise Review Process The bottom line is there are two changes you need to know in underwriting and closing SBA 7(a) and 504 loans to franchisees. 1) The franchise addendum has been updated and should be used for all loans approved…

February 14, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday ALERT: Senate Confirms Linda McMahon as SBA Administrator The Senate voted 81-19 for Linda McMahon’s confirmation as the 25th SBA Administrator. Watch the short clip here.

February 13, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Senate Confirmation Hearing of Linda McMahon Scheduled for Tomorrow The Senate is scheduled to confirm Linda McMahon as Administrator of the Small Business Administration tomorrow morning at 11am ET. Given the backdrop of a potentially catastrophic disaster in Northern California, she…

February 9, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman’s Movers and Shakers — Jerry Tarnapol and Team Join Icon Bank Jerry Tarnapol and Team Join Icon Bank The newly expanded SBA group at Icon Bank of Texas includes: (standing l-r) Lizzette De La Rosa, Lidia Doria, Luis Deleza, Nathan Kerr, Jerry Tarnopol,…