Coleman Report
Fraud Friday — Four Wilmington Trust Bankers Convicted
May 11, 2018 Fraud Friday — Four Wilmington Trust Bankers Convicted By Bob Coleman Editor, Fraud Friday Officials at Wilmington Trust were convicted of fraud, conspiracy, and making false statements to federal regulators as a result of the bank’s practice of “waiving” matured loans from reporting requirements as current for interest, resulting in artificially low…
Read MoreColeman Movers & Shakers — Matthew Cloutier, Eddie Tuvin
May 10, 2018 Coleman Movers & Shakers — Matthew Cloutier, Eddie Tuvin By Bob Coleman Editor, Movers & Shakers Matthew Cloutier joins Countybank as VP, SBA Business Development Officer “We are proud to welcome Matthew to Countybank in a position of leadership,” says Paul Pickhardt, Senior Vice President, SBA Lending Manager at South Carolina-based Countybank.…
Read MoreC-Suite Wednesday — New SBA Logo and Decals Effective May 1
May 9, 2018 C-Suite Wednesday — New SBA Logo and Decals Effective May 1 By Bob Coleman Editor, C-Suite Wednesday 7(a) lenders using SBA logo window decals at their locations will need to replace them with new decals as of May 1st. This change is necessary due to the agency’s recently announced new logo. New…
Read MoreColeman Report Update! — SBA Phoenix Award Winner , 3 Brothers Bakery, SBA Hemp Industry Lending, SBA Portfolio Reviews, Dan’s RV Sales
May 9, 2018 By Bob Coleman Editor, Coleman Report Update! Coleman Report Update! — SBA Phoenix Award Winner , 3 Brothers Bakery, SBA Hemp Industry Lending, SBA Portfolio Reviews, Dan’s RV Sales Previous Coleman Report Updates!: May 2, 2018 — Linda McMahon Keynotes America West, Marijuana Business SBA Financing, Credit Elsewhere Test for Servicing Actions…
Read MoreSBA Hot Topic Tuesday — 47% Say SBA 504 Loan Program Unmanageable
May 8, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — 47% Say SBA 504 Loan Program Unmanageable From Our National 504 Day Survey Results 47% Say SBA Regulations are making it unmanageable, up from 41% in January. 52% Say Credit Elsewhere remains a severe detriment, down from 60% in…
Read MoreMain Street Monday — 71% Say Their Business Improved Last Year
May 7, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — 71% Say Their Business Improved Last Year According to the Spring 2018 Wells Fargo/Gallup Small Business Index report. “Small business optimism and overall confidence in the economy remains high, largely due to an increase in sales and revenues, which suggest demand…
Read MoreFraud Friday — Nik Patel’s Partner Gets 10 Years in Jail
May 4, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Nik Patel’s Partner Gets 10 Years in Jail Wanna-be movie producer and photoshop document creator extraordinaire, Timothy Fisher will spending a decade of his life in jail. “The defendant’s dishonesty was not a single lapse of judgment, but rather, involved years of significant…
Read MoreNational SBA 504 Day — Why is SBA 504 Lending Dropping Faster than Snapchat Stock?
May 4, 2018 By Bob Coleman Editor, Coleman Report National SBA 504 Day — Why is SBA 504 Lending Dropping Faster than Snapchat Stock? The numbers are brutal. SBA 504 lending is down 30% in 2018. Compare the first four months of 2017 to 2018. 30% Down by Dollar Amount 23% Down by Loan Number…
Read MoreColeman Movers & Shakers — Linda McMahon Keynotes America West, Janet Toth, Tim Eckerle
May 3, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Linda McMahon Keynotes America West, Janet Toth, Tim Eckerle Linda McMahon Confirmed as KeyNote Speaker for America West, The OC, June 22 If you’ve been looking for an opportunity to meet the 25th Administrator of the SBA in person,…
Read MoreWant More Business? Come to the Largest Gathering of Commercial Loan Brokers
May 3, 2018 Want More Business? Come to the Largest Gathering of Commercial Loan Brokers NACLB October 16-18, 2018 Trump Doral, Miami Florida If you’re a broker of business loans or commercial real estate loans and if you’re a bank or lenders so specializes in funding business loans or commercial real estate loans then the…
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