Coleman Report
SBA Special Hot Topic Thursday — What One Thing You Want Changed SBA Industry Comments
June 21, 2018 By Bob Coleman Editor, SBA Special Hot Topic Thursday SBA Special Hot Topic Thursday — What One Thing You Want Changed SBA Industry Comments Your answers to the question of what is the one thing you want changed in SBA Lending were varied and across the board. The most common response centered…
Read MoreC-Suite Wednesday — What is the One Thing you Want Changed in SBA Lending?
June 20, 2018 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — What is the One Thing you Want Changed in SBA Lending? The regional SBA conference, America West, opens today in Orange County. So, I am polling the industry for feedback to give to SBA at the conference. Just give me the one thing…
Read MoreSBA Hot Topic Tuesday — Become an SBA Express Lender to Help Your Customers Before the Disaster Hits
June 19, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Become an SBA Express Lender to Help Your Customers Before the Disaster Hits You need to be signed up as an SBA Express Lender on the date of the disaster. So, get the paperwork done now if you wish…
Read MoreMain Street Monday — Main Street Optimism Continues to Soar Says NFIB
June 18, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Main Street Optimism Continues to Soar Says NFIB The Small Business Optimism Index increased in May to the second highest level in the NFIB survey’s 45-year history. The index rose to 107.8, a three-point gain, with small businesses reporting high numbers…
Read MoreColeman Report Update! — GAO Report on Credit Elsewhere, Mistakes with Borrowers Tax Return, John’s Crazy Socks, El Borrego
June 15, 2018 By Bob Coleman Editor, Coleman Report Update! Coleman Report Update! — GAO Report on Credit Elsewhere, Mistakes with Borrowers Tax Return, John’s Crazy Socks, El Borrego Sponsored by Great Lakes Lender Conference, August 15-16, Detroit This Week’s Topics GAO Report on Credit Elsewhere What happens if you email a borrower’s tax return…
Read MoreFraud Friday — Bank of Oswego Fraud Results — Community Bank CEO gets 24 months, CFO gets 18 months
June 15, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Bank of Oswego Fraud Results — Community Bank CEO gets 24 months, CFO gets 18 months Announced yesterday. “Dan Heine and Diane Yates orchestrated one of the largest and most complex bank fraud schemes in Oregon’s history. Their selfish acts of greed are…
Read MoreColeman Movers & Shakers — Coleman Report Update! Named Best Podcast of 2018, Diane Brown, Susan McNamara
June 14, 2018 By Bob Coleman Editor, Coleman Movers and Shakeers Coleman Movers & Shakers — Coleman Report Update! Named Best Podcast of 2018, Diane Brown, Susan McNamara Bob Coleman, Lance Sexton and Mike Geske Receive 1st Place Industry Award for Best Podcast of 2018. The weekly 10 to 15 minute video podcast features Bob…
Read MoreC-Suite Wednesday — 40% of SBA Lenders Fail to Document Credit Elsewhere says GAO
June 13, 2018 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — 40% of SBA Lenders Fail to Document Credit Elsewhere says GAO A GAO study released last week finds in 40% of lenders undergoing an onsite review in FY 2016 were non compliant in documenting SBA’s credit elsewhere rule. In general, representatives from 8…
Read MoreSBA Hot Topic Tuesday — Senate Passes SBA 7(a) Oversight Bill — Heads to White House
June 12, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Senate Passes SBA 7(a) Oversight Bill — Heads to White House The bill: Allows the SBA Administrator to increase SBA 7(a) loan authority by up to 15% to avoid a lending holiday. Requires SBA to perform a full risk…
Read MoreFraud Friday — Founding Community Bank CEO Jailed for 48 Months
June 8, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Founding Community Bank CEO Jailed for 48 Months “This sentencing holds the defendant accountable for misusing his position as the bank President and CEO to fabricate fraudulent loans with straw borrowers, evade internal controls, and withhold information from the bank’s Board. The underlying…
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