Coleman Report

April 10, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Takeaways from Today’s SBA 7(a) Lender Call View the SBA 7(a) Connect Call April 2018 Presentation Every quarter SBA hosts a quarterly call for the lending community Here are the takeaways from today’s SBA’s 7(a) Connect Call held at…

April 9, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Small Business Delinquencies Edging Up Says PayNet in their April 2018 small business lending report. The Thomson Reuters / PayNet Small Business Delinquency Index (SBDI) 31–90 Days Past Due edged up to 1.39% in February and is up five basis points…

April 6, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Fraudulent Financial Statements Key in Orchestrating $30 Million Fraud “Judy Tull and Kay Ellison stole passengers’ money to try and prop up their failing company,” says Acting Assistant Attorney General Cronan. “Their brazen scheme created a multimillion dollar shortfall that left passengers stranded…

April 5, 2018 By Bob Coleman Editor, Coleman Report SBA NEWS FLASH — SBA Eliminates Credit Elsewhere Test for those Who Own Less than 20% of the Small Business Applicant Effective April 3rd for SBA 7(a) and 504 loans. SBA is increasing the minimum percentage ownership at which owners are subject to personal liquidity consideration…

April 5, 2018 By Bob Coleman Editor, Coleman Report Coleman Movers & Shakers — Adrienne Sipe, Gary Griffin, Scott Klug Adrienne Sipe Named SBA Lending Director of First Horizon We believe Adrienne’s experience and leadership in the SBA and commercial lending industry will prove invaluable as we continue to expand our services in this dynamic…

April 3, 2018 By Bob Judge Editor, CPR Report SBA Hot Topic Tuesday — SBA 7(a) Prepays Remain Above 14% for February For February, the GLS Value Indices fell in five out of six sub-indices as prepayment speeds and rising Libor rates continue to push SBA-Libor spreads lower. The combined impact of rising Libor and…

April 2, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Economic Census Shows Franchising Key to Many Industries Franchise data from the 2012 Economic Census estimated 122,042 limited-service franchise restaurants make up approximately 54 percent of all fast-food restaurants in the United States, nearly 70 percent of the sales of fast-food…

March 30, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — How Not to Get Ripped Off in a Patel-Like Fraud Nik Patel’s travel buddy who chartered a jet to Ecuador and successfully executed a $7 million USDA b&i loan fraud while Nik was sitting in jail, and almost got away another $7 million,…

March 29, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Joseph Kelly Jr, Arman Fernandez, Scott Klug, Chelsea LaRue-Mioduszewski Joseph Kelly Appointed VP, Director of Small Business Lending for CBT Bank Joseph P. Kelly Jr. has been appointed vice president, director of small business lending. Kelly started his banking…