Coleman Report

February 6, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — CDC Shuttered due to Excessive CEO Pay — SBA Closes Delval Business Finance The bottom line is if you make more than the President of the United States, $400,000 a year, you are a target by SBA. And as…

Underwriting and Disbursing the SBA 7(a) and 504 Construction Loan Home Speakers Agenda Registration Learn SBA-compliance requirements for underwriting and documenting your borrowers’ SBA construction loans and protect your SBA guaranty. 75-minutes of Online Training for your staff A Coleman Webinar Date: Wednesday, May 1, 2019 Time: 2:00 p.m. Eastern Download a Registration Form Five…

February 2, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Nik Patel’s Business Partner, Timothy Fisher Sentencing Hearing Moved to March, Remains Free on Bail The one Nik Patel business partner who didn’t attempt to flee to Ecuador with him was due to be sentenced this week for his one count guilty plea…

February 1, 2018 By Bob Coleman Editor, Coleman Movers & Shakers Coleman’s Movers & Shakers — Rosemarie Codling, Christy Lester, Jonathan Smith, David Griffis Rosemarie Codling Joins Signature Bank of Georgia as SBA Director of Portfolio Management & Support Services “Gaining a person with Rosemarie’s strong SBA background in portfolio management and support services solidifies…

January 30, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — The SBA 504 Loan and the Credit Elsewhere Test I obviously touched a nerve in my solicitation of industry comments regarding SBA’s 504 lending program. Your 150 industry responses expose a huge disconnect between SBA and the execution of…

January 26, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Nik Patel Claims Access to $35 Million in “Dirty” Money, Family Flees to Ecuador Day after his Arrest, Nik Planned to Buy Rare Diamonds Nik Patel Planned to Buy One of the World’s Rarest Diamonds Claims Assets of $35 Million in “Dirty” Money…

January 25, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — John Bickley, Brian McClendon, Miriam Torres & Houck/Dillard John Bickley Joins Entegra Bank as Director of SBA Lending Roger Plemens, President and Chief Executive Officer of the North Carolina-based bank, says, “We are excited to add John to our…