Coleman Report

September 20, 2017 Battle for Small Business Capital Access: Traditional vs. Alternative Lenders by Michael Schwartz, Director, Business Development Moody’s Analytics Just over 15 years ago, little-know startup Netflix was offered up for sale to movie rental mainstay Blockbuster, which opted to pass. The concept of acquiring a subscription network for movie rentals, offering at-home…

September 19, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — America’s SBDCs on the Front Line Helping Small Biz Hurricane Victims Don’t forget about the free resources your local SBDC can offer to your small business customers who are facing the loss of their livelihood due to the recent…

September 15, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Small Business Loan Broker’s Million Dollar Fraud Over a span of five years, Joseph Angelo defrauded 10 small business owners of more than $1 million by representing that his companies – Lease One Corp. and Palmtree Finance & Funding LLC – were brokers…

September 14, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Lance Sexton Named EVP of Bank of the Ozarks “We’re so happy to have Lance join our team at Bank of the Ozarks. Lance and I have known each other as fellow bankers for 20 plus years and I…

September 12, 2017 By Richard Jeffery Guest Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — IDAP — The Unknown SBA Loan Disaster Program SBA’s Immediate Disaster Assistance Program (IDAP) is a quick way to get funds to a business that has suffered loss due to a disaster. Have you ever heard of it?…

September 8, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Oklahoma Bank President Charged for Fraud in Overdraft Scheme Defense attorney Gary James said Ward isn’t contesting the charge and plans to enter a guilty plea. The attorney said Ward also was “carrying overdrafts” for certain customers, friends and family for long periods…

Documenting Equity Injection the SBA Way: Know the SBA SOP Rules to Avoid Costly SBA 7(a) Guaranty Repairs and Denials Home Speakers Agenda Registration Learn best practices and SBA-compliance requirements for documenting your borrowers’ equity injections, perfectly, and correctly every time. This 75-minute webinar earns e-certification for all attendees. Date: Wednesday, February 12, 2020 Time:…

September 7, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman’s Movers & Shakers — Anderson and Munger Named VP, North State Gets PLP, Free Disaster Webinar Acclivity Financial appoints Katie Anderson as VP of Underwriting “We’re very excited for Katie to join our Acclivity Financial team,” says Danny Preston, Chief Executive Officer. “Business…

September 5, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — 77% Support SBA Lenders Funding Disaster Loans The stories about Main Street Texas are heartbreaking. And it looks like Act II may open in Florida next week. I’m not going to get into the debate of how many small…

September 1, 2017 By Bob Coleman Editor, SBA Hot Topic Friday SBA Hot Topic Friday — SBA Lender Guaranteed Disaster Loans? I received an interesting email today from a lender regarding SBA disaster loans and Texas: I was thinking about the Texas flood disaster and the amount of effort that will require for the Government…