Coleman Report

January 22, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — How SBA Will Look in a Government Shutdown While the federal government shutdown ends today, the 29-page SBA contingency plan for a lapse in appropriations remains in effect. Prepared in August 2017, the plan identifies staff that will be exempt and…

January 19, 2018 Fraud Friday — Nik Patel Paid $40,000 for Private Jet Charter to Ecuador, Claimed he Received Political Asylum By Bob Coleman Editor, Fraud Friday More details have emerged about Nik Patel’s arrest for trying to flee the United States to Ecuador on an India passport. Nik, 34, had pled guilty to a…

January 18, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Exclusive Invitation to Coleman Report’s Death Valley Trip, March 16-18 CDC Small Business Finance’s Catherine Riddle Named NADCO’s Vice Chair “NADCO gives us a voice in the aggregate,” Catherine says. “Instead of just one CDC, we can talk about…

January 16, 2017 SBA Hot Topic Tuesday — View Congressional Hearing on SBA 7(a) Legislation Live Tomorrow Morning Check back with this link to view the House Committee on Small Business hearing, “Strengthening SBA’s 7(a) Loan Program.” The hearing will take place at 11:00 A.M. EST on Wednesday, January 17, 2018 in Room 2360 of…

January 12, 2018 Fraud Friday — Whatever Happened to Nik Patel’s COO & Movie Partner? By Bob Coleman Editor, Fraud Friday While Nik Patel is sitting in a Florida jail after being arrested for his ill-fated scheme to flee to Ecuador last Saturday, the question is raised whatever happened to his partner? Back in November…

January 11, 2018 Join us Live Today! Coleman Report’s Take on the New SBA Legislation @ 1 pm Eastern Coleman Report hosts a weekly live office hours event for our SBA 7(a) loan training participants. Former Deputy Director of the SBA Little Rock Loan Commercial Servicing Center’s Lance Sexton and Bob Coleman also discuss the…

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…