Coleman Report

January 11, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Chuck Evans Named President of Capital Growth Solutions Chuck Evans Named President of Capital Growth Solutions “Chuck and I have been personal friends for many years and we are lucky to have him. He has been doing exactly what…

January 10, 2018 By Bob Coleman Editor, Coleman Report SBA News Flash — SBA to Get Authority to Fine 7(a) Lenders up to $250,000, Flexibility to Exceed Budget Cap by 15% Yesterday, Congressional Republicans and Democrats joined together and introduced legislation that will give SBA more regulatory authority over lenders. The bill also eliminates the…

How to Prepare the SBA Credit Memo Under the SBA SOP 50 10 5 (K) Home Speakers Agenda Registration SBA 7(a) Credit-Memo Update: Ensure You Comply with New 2018 SOP 50 10 5 (K) — 75 minutes of Online Training for your staff A Coleman Webinar Date: Wednesday, June 12, 2019 Time: 2:00 p.m. Eastern…

January 9, 2018 By Bob Coleman Editor, Coleman Report Special Edition Special Fraud Friday Tuesday Edition — Nik Patel Arrested Fleeing US in Chartered Jet Facing over 20 years in prison at a sentencing hearing originally scheduled for today, USDA Business & Industry loan $179 million fraudster Nik Patel got the bright idea to skip…

January 8, 2018 2017 SBA “BDO of the Year” Recognition and SBA BDO Program Announced! Are you a high performing SBA Business Development professional or know someone who is? This is the perfect opportunity to be recognized for your individual achievements or to nominate one of your peers. The Coleman Report, together with Government Loan…

January 8, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Sole Proprietor Income Up, Loan Defaults Down Says SBA’s Office of Advocacy. I love charts and stats, so enjoy! Sole Proprietor’s Income Proprietors’ income, the yields for running small businesses (excluding corporations), has steadily risen over the last 7 years. Small…

January 5, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Bank VP Photoshops Docs for Loan Fraud An Eastern Kentucky banker, Martin Ross, used fake names and documentation to obtain fraudulent loans that he would then use to pay his personal debts and expenses. Over the past ten years Martin obtained 15 fraudulent…

January 2, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Managing SBA Loan Service Providers and Loan Brokers a Serious Management Challenge for 2018 Says SBA’s Inspector General in its FY 2018 annual report to SBA management. Writes the OIG: Increased Risk Introduced by Loan Agents Prior OIG audits…

December 29, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — 12 Years in Jail for Sports Memorabilia Fraudster Years of charismatic lying to get people, and banks, to part with their money and give it to him finally caught up with 44-year old John Rogers in a Chicago courtroom last week. The judge…