Coleman Report

January 25, 2019 By Dominic Bartolone Contributing Editor, Fraud Friday Fraud Friday – Arkansas Businessman Sentenced to Federal Prison for Bank Fraud Robert Craig Smith, 55, of El Dorado, Arkansas will spend two years in federal prison, followed by five years of supervised probation after being convicted of bank fraud in federal court. Smith was…

January 24, 2019 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Ali Schaal, Angela McDonnel, Chris Bickel Ali Schaal and Angela McDonnel Join Partner as Directors of Funds Control “Partner will continue to leverage top industry talent like Angela and Ali to help provide the very best risk management solutions…

January 23, 2019 By Mary Miller Contributing Editor, C-Suite Wednesday C-Suite Wednesday – How the SBA Shutdown Affects SBA Services As the SBA Shutdown continues, there are both immediate and long-term implications for more than ceasing to issue SBA loans. Main Street is not alone in feeling the pinch of what may turn into a…

January 23, 2019 By Bob JudgeEditor, CPR Report In December, total prepays, including paid excess principal (ACPR), came in at 14.36%, a 26% decrease from last month’s reading of 19.42%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came in at 12.35%, down 28% from the previous reading of…

January 18, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday FRAUD FRIDAY – FORMER BALTIMORE BANK PRESIDENT CONVICTED OF FRAUD David Harris Lavine, 58, of Rockville, Maryland, was sentenced to three years in federal prison, followed by two years of supervised probation for bank fraud and tax evasion. Lavine, who served as president of…

January 18 2019 By Bob ColemanExecutive Producer, Coleman Report Update This Week’s Topics: OCRM Shutdown Reviews Shutdown Statistics Daycare Revenue Growth Celtic Bank Small Business of the Week

SBA Shutdown 7(a) and 504 Bridge Loan Financing Options Home Speakers Agenda Registration Date: Wednesday, January 23, 2019 Time: 2:00 p.m. Eastern Download a Registration Form Due to the numerous questions we received after our January 17th Coleman Report Live! show, Coleman is scheduling a webinar on how to structure bridge loan financing for your…

January 17, 2019 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Brian Comiskey, Gerald Schoffler, Tony Leta, Richard Stefani, Dime Community Bank Brian Comiskey Named EVP and Chief Lending Officer of SomerCor “Brian’s extensive loan origination experience and SBA 504 expertise will significantly contribute to our growth plan,” says Manny…

January 15, 2019 By Bob ColemanEditor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — 10 Things to do During the SBA Shutdown With the SBA shutdown in full swing, here are some things you may wish to consider. 1) Site Visits — I would set a minimum floor of a loan amount and make…

January 14, 2019 By Mary MillerContributing Editor, Main Street Monday Main Street Monday – The Government Shutdown and Main Street As the country enters week three of the partial government shutdown, the stats for the effects on Main Street are sobering. The shut down of operations in key government branches, specifically the Small Business Administration,…