Coleman Report

July 5, 2017 By Bob Coleman Editor, C-Suite C-Suite Wednesday — Congressman Investigates Fintech Small Business Lenders I don’t know if the CFPB will eventually require small business lenders to prove they do not discriminate underserved markets by either declining loans or charging higher interest rates, but the drumbeat continues. Democratic Congressman Emanuel Cleaver, II…

July 6, 2017 By Bob Coleman Editor, Movers and Shakers Movers and Shakers Thursday — Harvest SBF Appoints Ralph Abbott Senior Vice President “We are extremely happy to have Ralph Abbott join Harvest and provide his noted expertise in commercial real estate finance. Ralph was with us at Lehman SBF and had great success,”toasts Todd…

June 30, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Community Bank CEO Gets 5 Years in Jail for Concealing $3.4 Million Bad Loan “Today, a federal court sentenced to prison a bank president along with the bank’s vice president, who were investigated and arrested by SIGTARP,” says Special Inspector General Christy Goldsmith…

June 30, 2017 Coleman News Flash — USDA B&I Lending Funding Restored by House Appropriations Subcommittee for FY18 By Bob Coleman Editor, Coleman Report Wednesday, the House Appropriations Subcommittee on Agriculture, Rural Development, Food and Drug Administration and Related Agencies restored funding for the USDA B&I Guaranteed Loan Program for Fiscal Year 2018. Originally zeroed…

June 29, 2017 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — South Carolina-based Countybank and Michigan-based Main Street Bank Name SBA Lending Execs Paul Pickhardt Named SVP, SBA Lending Manager at Countybank “We are excited to have Paul join our team to lead the SBA lending efforts at Countybank,” says…

June 28, 2017 C-Suite Wednesday — Is Amazon Disrupting Your Customers and Small Business Lending Portfolio? By Bob Coleman Editor, C-Suite Wednesday In response to my reporting of Amazon lending $1 billion to 20,000 small businesses in the past 12 months, I received several questions from Angela: I’m curious how Amazon is securing its funds…

June 27, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — View House Hearing about SBA 504 Thursday at 10 am Eastern The Committee on Small Business Subcommittee on Economic Growth, Tax, and Capital Access will meet for a hearing titled, “A Review of SBA’s 504/CDC Loan Program.” The hearing…

June 26, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — SBA Export Express Issues New Lender Training Manual While it is among the simplest loan products offered by the SBA, with streamlined credit underwriting, and forms and procedures similar to SBA Express, many SBA lenders remain unfamiliar with the unique benefits…

June 23, 2017 Fraud Friday — Photoshopped Fraudulent Invoices Lead to 30 Months in Jail for Restauranteur By Bob Coleman Editor, Fraud Friday In my restaurant financing webinar Wednesday I encouraged lenders to shy away from the “casual dining” vertical. Casual dining restaurants, defined as offering table service at moderate prices, have been hit hard…

June 22, 2017 By Bob Coleman Editor, Coleman Report Thursday Coleman Report Thursday — Mark Stebbins Celebration of Life Scheduled for July 16 From the Sierra Sun Mark Owen Stebbins, passed away Friday June 2, 2017 in Pleasant Hill, CA. He resided in Pleasanton, CA. and was a former longtime resident of Truckee, CA. Mark…