Coleman Report

July 13, 2018 Fraud Friday — All Hat, No Cattle in $5.8 Million Fraud By Bob Coleman Editor, Fraud Friday A North Texas man who claimed he was a cattle rancher appears to have misled banks to borrower millions against cows he did not own. The investigation which began in March 2017, resulted in the…

July 12, 2018 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Cesar Freire, Collin Batchelor, Roxane Sanchez Cesar Freire Joins Fountainhead Commercial Capital as Senior Credit Analyst “Cesar has embraced our corporate culture during his extended internship, and we are pleased to have him as a full-time member of our…

July 11, 2018 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — 83% Say Make USDA B&I Zero Subsidy In our unscientific poll from Monday. The Farm Bill calls for USDA’s community facilities and REAP loan programs to be operated at zero subsidy — all loan losses will be covered by borrower and lender fees.…

July 10, 2018 CPR Report: Actual 7(a) Prepays Go Above 17% By Bob Judge Editor, CPR Report In June, total prepays, including paid excess principal (ACPR), came in at 17.59%, a 20% increase from last month’s reading of 14.69%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came in…

July 9, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Should the USDA B&I Loan Program Convert to Zero Subsidy? While the Farm Bill has passed the House and the Senate, details need to be worked out in a conference committee before it is sent to the President for his signature.…

July 6, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Two Jacksonville City Council Members Indicted for SBA Loan Fraud In 2011, Katrina Brown obtained an SBA loan for $2.6 million, as well as a loan of $380,000 and grant of $260,000 from the City of Jacksonville to fund a BBQ sauce company,…

July 5, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Jenny Tice, Jennifer Foster, Nicole Nilos, Karen Minton Jenny Tice Joins Capital Access Group as BDO “We are thrilled to welcome Jenny to the Capital Access Group team,” says Jacklyn Jordan, President and CEO, Capital Access Group. “Along with…

July 2, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Local Economic Outlook Pushes Optimism to Record High Small business sentiment rose for the fifth consecutive quarter as the MetLife & U.S. Chamber of Commerce Small Business Index climbed to 68.7. The rise comes amid the strongest local economic outlook in…

June 28, 2018 Coleman Movers & Shakers — Randy Horst, Lesley Lang-Lopez, George Amanzio, Han Kim Randy Horst in as New Executive Director of Small Business Capital “We feel blessed we were able to find Randy, with the background and experience he has not only in commercial banking, but on the SBA side as well,”…