Coleman Report
Fraud Friday — SBA Fraud Charges Dismissed Against Arkansas Community Banker John Stacks
August 5, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — SBA Fraud Charges Dismissed Against ex-Arkansas Community Bank CEO The case is over for John Stacks who became a poster child with conservative groups for overzealous federal government led “gestapo” SWAT raids and wrongful prosecutions. His crime said the feds? Submitting false financial…
Read MoreColeman’s Movers and Shakers — Five Star Bank Names Vito Caraccio Senior Vice President, Director Of Business Banking
August 4, 2016 Coleman’s Movers and Shakers By Bob Coleman Editor, Coleman’s Movers and Shakers Five Star Bank Names Vito Caraccio Senior Vice President, Director Of Business Banking “We’re delighted to welcome Vito to Five Star Bank,” says Martin K. Birmingham, President and Chief Executive Officer of Financial Institutions, Inc. “His outstanding talent and exemplary…
Read MoreC-Suite Wednesday — SBA New Affiliation Rules, New Stimulus Loan Deadlines, New Matrix
August 3, 2016 By Bob Coleman Editor, C-Suite Wednesday Unilateral Action Matrix for 7(a) Loan Servicing-Liquidation Version 13 07/20/2016 Click to access Unilateral_Action_Matrix_for_7a_Loan_Servicing-Liquidation_V-13.pdf Small Business Jobs Act Funding Expiration (7(a) and 504 Loans) Effective: July 26, 2016 Click to access 5000-1386-1.pdf New Regulations Governing Affiliation for SBA Business Loan, Disaster Loan, and Surety Bond Guarantee…
Read MoreSBA Hot Topic Tuesday — SBA Secondary Market Quotes
August 2, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA 7(a) Secondary Market Quotes Maturity Spread Price Weekly % Change Monthly % Change 8 Years P + 2.75 109.500 +0.11% -0.18% 10 Years P + 2.75 113.350 +0.19% -0.30% 15 Years P + 2.75 113.400 +0.13% -0.52% 20 Years P + 2.75…
Read MoreMain Street Monday — Kleiner’s Laws — Make Sure the Dog Wants to Eat the Dog Food
August 1, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Kleiner’s Laws — Make Sure the Dog Wants to Eat the Dog Food Famed venture capitalist Eugene Kleiner is best known for his Kleiner’s Laws for investing. I ran across them the other day, and thought it would be fun to…
Read MoreFraud Friday — 3 Years for Missouri Banker in SBA $4.2 Million Loan Fraud
July 29, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — 3 Years for Missouri Banker in SBA $4.2 Million Loan Fraud Today’s fraudster signed a version of SBA Form 1920, certifying “the above information is true and correct.” for a 7(a) loan. But, he knew it wasn’t true and correct. “This SBA application…
Read MoreColeman’s Movers and Shakers — Coleman and FRANdata Join to Launch FUND™ Reports
July 28, 2016 Coleman’s Movers and Shakers By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman and FRANdata Join to Launch FUND™ Reports “Since the beginning of 2016 we have seen lender activity more than double on the Franchise Registry” says Darrell Johnson, CEO of FRANdata, “There was a 100% increase in lender participation on…
Read MoreC-Suite Wednesday — 81% of Main Street Optimistic, 49% to Increase Profits
July 27, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — 81% of Main Street Optimistic, 49% to Increase Profits Says the second annual Bank of the West Small Business Growth Survey. Here are some of the financial highlights: Outlook for the next 12 months — 81% positive Outlook on the economy for the…
Read MoreSBA Hot Topic Tuesday — SBA Secondary Market Quotes
July 26, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA 7(a) Secondary Market Quotes Maturity Spread Price Weekly % Change Monthly % Change 8 Years P + 2.75 109.375 +0.11% -0.34% 10 Years P + 2.75 113.125 +0.11% -0.50% 15 Years P + 2.75 113.250 0.0% -0.66% 20 Years P + 2.75…
Read MoreFraud Friday — The Boys and their Toys, Community Banker CEO Style
July 22, 2016 Fraud Friday — The Boys and their Toys, Community Banker CEO Style By Bob Coleman Editor, Fraud Friday It’s a nice list of toys. Corvettes, SUVs, some really nice RV’s, a Kibbi trailer and a “Classic” trailer — hope he had at least some sense and got an Airstream. Former Wisconsin-based Farmers…
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