Coleman Report

December 12, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Inspector General Claws Back $5 Million Paid to 6 Lenders in 2015 The $5 million is to be billed to six lenders that previously received payment from SBA honoring a 7(a) guaranty in FY 2015. One loan is the…

December 8, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Wisconsin Community Bank CEO Gets 2 Years in Jail for Fraud “Bank executives who intentionally falsify bank records to deceive regulators must be brought to justice for their actions,” says Mark Bialek, Inspector General of the Board of Governors of the Federal Reserve…

December 7, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — FLAGGL Announces New Officers and Board Members for FY 2018 “I am honored to have been elected as next year’s Chair,” says Deborah Petrell of Florida First Capital Finance “This is an exciting time to oversee the organization’s strategic…

December 7, 2017 By Bob Coleman Editor, Coleman Report The Farm Bill and Rural Small Business Lending  Congressman Sanford Bishop of Georgia addressed 70 rural development lenders this morning at the 2017 National Rural Lender’s Roundtable in Washington D.C. Getting capital to rural America’s Main Street is a passion of his.He praised the USDA rural…

December 6, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA 7(a) Premium Distribution for 2017 At yesterday’s 10th Annual SBA Secondary Market Summit, SBA Secondary Market Chief John Wade presented these excellent charts of premiums realized by lenders for SBA 7(a) loans sold to the secondary market in FY17. The Matrix Heat…

December 5, 2017 SBA Hot Topic Tuesday — SBA Secondary Market Stats The 10th Annual 2017 SBA Secondary Market Summit is currently in process in Washington D.C., I will cover the event in more detail at a later date, but in the interim I am forwarding the power points from the presenters. Pay particular attention…

December 1, 2017 Fraud Friday — Oregon Community Bank CEO and CFO Guilty of 13 Counts of Bank Fraud For covering up bad loans by falsifying bank reports to their Board of Directors and regulators. The bank failed in 2012. Dan Heine, former CEO of Bank of Oswego and Diana Yates were found guilty this…

November 30, 2017 Coleman Movers & Shakers — Tim Sadler Named EVP of First National Bank of Coweta Download: SBA 2-Year Liquidation Rule Extension Request Tim Sadler Named EVP of First National Bank of Coweta “Tim embodies all of the attributes of a true community banker. He believes in the community and knows the role…

November 29, 2017 CPR Report: SBA 7(a) Prepays “Skyrocket” Due to Principal Repayment Changes By Bob Judge Editor, CPR Report Download the CPR Report, November 2017 Quite a month it has been. A change to how the SBA and Colson will pass-through principal payments on pools originated from FY 2005 to FY 2017 has had…

Coleman’s 2017 SBA Lending Awards About the 2017 Coleman small business lending professional awards The Coleman Report awarded 2017 small business lending professional awards in six categories. Main Street Lenders of the Year SBA 7(a) Lenders of the Year SBA 504 Lenders of the Year Rural Small Business Lenders of the Year Mission-Based Small Business…