Coleman Report
Coleman’s Movers and Shakers
April 28, 2016 Coleman’s Movers and Shakers By Bob Coleman Editor, Coleman’s Movers and Shakers Freedom Bank Appoints Lynn Johler as Senior Vice President of Commercial Lending Says Chief Executive Officer, Cathy P. Swanson, “We are so proud to have Lynn on our team. Her extensive knowledge of SBA lending and the local market are…
Read MoreSBA Hot Topic Tuesday — Top Ten 7(a) Lender Criticizes SBA for $2 Million Plus Loans
April 26, 2016 SBA Hot Topic Tuesday — Top Ten 7(a) Lender Criticizes SBA for $2 Million Plus Loans By Bob Coleman Editor, SBA Hot Topic Tuesday In his annual letter to shareholders M&T Bank’s Chairman of the Board and CEO, Robert Wilmers says 33% of the SBA’s 7(a) budget authority supports large loans to…
Read MoreMain Street Monday — What Small Business Lenders Learn from the Sport Chalet Bankruptcy
April 25, 2016 Main Street Monday — What Small Business Lenders Learn from the Sport Chalet Bankruptcy By Bob Coleman Editor, Main Street Monday Saturday I woke up to discover my hometown’s signature company filed for bankruptcy. Sport Chalet is shuttering its 47 stores throughout the West by the end of the month. The company…
Read MoreClark Street Capital Announces SBA 504 Secondary Market Program
By Bob Coleman Editor, Coleman’s Movers and Shakers Clark Street Capital Announces SBA 504 Secondary Market Program Bob Coleman: The 504 Secondary Market is essentially broken. With only a small percentage of 504 sold to the current publicized buyers in the marketplace. We are with Jon Winick, CEO and Founder of Clark Street Capital, what…
Read MoreFraud Friday — The $3.9 Million Apartment Construction Loan Secured by, Oops, Where are the Apartments?
April 22, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — The $3.9 Million Apartment Construction Loan Secured by, Oops, Where are the Apartments? I guess my editorial philosophy is to lean toward the community bankers and borrowers who are indicted because of losses to the Treasury’s TARP program or to the FDIC. And…
Read MoreColeman’s Movers and Shakers Thursday — Suzanna Caballero Named SVP at Vantage Bank Texas
April 21, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers and Shakers Thursday — Suzanna Caballero Named SVP at Vantage Bank Texas Suzanna Caballero Named Senior Vice President of Small Business Lending at Vantage Bank Texas “Suzanna is a recognized expert in small business SBA lending,” says Guy Bodine, President and CEO…
Read MoreC-Suite Wednesday — Results of Coleman’s 2016 Rural Lending Survey
April 20, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Results of Coleman’s 2016 Rural Lending Survey Last month, I ran a poll asking for feedback from the industry about its use of the USDA b&i lending program. The results were shared several weeks ago to lenders who attended a briefing by the…
Read MoreSBA Hot Topic Tuesday — SBA OIG Says 68% of Early Default 7(a) Loan Guaranties Should be Repaired/Denied
April 19, 2016 By Bob Coleman Editor, Hot Topic Tuesday SBA Hot Topic Tuesday — SBA OIG Says 68% of Early Default 7(a) Loan Guaranties Should be Repaired/Denied SBA’s Inspector General continues its commitment to review SBA 7(a) loans over $500,000 that default within 18 months of approval. In its April 2016 auditing division work…
Read MoreFraud Friday — Appeal Court Overturns Community Banker’s Fraud Conviction
April 15, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Appeal Court Overturns Community Banker’s Fraud Conviction David Weimert’s 18-month sentence for bank fraud has been nullified on appeal and he walked out of a federal prison this week. Weimert was president of Wisconsin-based Anchor Bank’s real estate subsidiary. During the height of…
Read MoreColeman’s Movers and Shakers — Grady Hedgspeth Joins CFPB
April 14, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers and Shakers — Grady Hedgspeth Joins CFPB Grady Hedgespeth is joining the CFPB as the Assistant Director for the Office of Small Business Lending Markets. Prior to joining the Bureau, Mr. Hedgespeth served as the Director of the Office of Economic Opportunity…
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