Coleman Report

December 22, 2016 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers and Shakers — Jeff Rosen Named EVP of First Commonwealth Bank Jeff Rosen Named EVP of First Commonwealth Bank “Jeff brings to First Commonwealth 30 years of leadership experience in the financial services industry,” says Jane Grebenc, President of Pennsylvania-based First Commonwealth…

December 21, 2016 By Sundip Patel Guest Contributor, C-Suite Wednesday C-Suite Wednesday — 7 Proven Ways to Minimize Your Risk on Hotel Construction Loans Hotel construction loans can be extremely lucrative, but their profitability comes with risk. These large projects have many variables and moving parts. Here are 7 critical actions you should take to…

December 20, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Revises Form 912 Clearance Procedures The basic procedures you need to know effective December 15, 2016. The processing of a 912 with misdemeanor charges is changed to: 1) If the disposition of any misdemeanor(s) is older than six…

December 16, 2016 Fraud Friday — Nik Patel Pleads Guilty to $179 Million USDA B&I Loan Fraud By Bob Coleman Editor, Fraud Friday Nik Patel has pleaded guilty to five counts of loan fraud in connection with the sale of $179 million in sham USDA b&i hotel loans to Pennant Management. Nik was the Chief…

December 14, 2016 C-Suite Wednesday — Economic Development is the Catalyst for Trump’s Urban Renewal By Bob Coleman Editor, C-Suite Wednesday Republican Senator Johnny Isakson of Georgia addressed the Rural Lenders’ Roundtable last week in Washington D.C. and praised President-Elect Trump’s choice of Linda McMahon to run the SBA. “Linda’s going to be a good…

December 13, 2016 SBA Hot Topic Tuesday — Linda McMahon’s #1 Priority Should be. . . . . . . . By Bob Coleman Editor, SBA Hot Topic Tuesday I’ve listed all of your responses in our informal poll of what the new Administrator’s number one priority should be when she hits the ground running…

Click here to watch a short 1-minute clip featuring Nancy Michael, Senior Director, Moody’s Analytics In a recent market research study focused on challenges of small business lending and credit risk assessment by banks, Moody’s Analytics concluded that emerging technology, innovative use of data, and expectations of an enhanced borrower experience will drive significant change…

December 12, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Linda McMahon will be a Strong Advocate for Main Street Thank you to the 119 who answered our survey. Of course the results are unscientific, but your comments reflect a strong passion about SBA and the positive role the agency plays…

December 9, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former NOVA BANK CEO Sentenced to 14 Months in Jail Says the Special Inspector General for TARP, “Today another bank CEO was sentenced to prison after being investigated by SIGTARP. This case sends a strong message that trying to defraud the U.S. government…