Coleman Report

November 1, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA Wants Your Feedback Says SBA, “In an effort to assess and enhance our relationships with our key stakeholders, the SBA is holding a series of public meetings in the fall. These public meetings will take place in the form of online listening…

October 31, 2017 SBA Hot Topic Tuesday — Quick Takeaways from SBA’s Sr. Management 7(a) Quarterly Call By Bob Coleman Editor, SBA Hot Topic Tuesday Quarterly, SBA’s senior management team hosts a call for 7(a) lenders. Here are some quick takeaways from last week’s call you and your team should know: Download the PowerPoint Poultry…

October 27, 2017 Fraud Friday — SIGTARP Ensnares Borrower of a Failed Community Bank By Bob Coleman Editor, Fraud Friday Thomas Comer of Mississippi owned a small business that shipped gravel on the Mississippi and Ohio Rivers. His business failed during the Great Recession. Unfortunately his loans to purchase the barges were from a failed…

October 26, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Vinny Muratore Named President of Stone Bank’s SBA Division Vinny Muratore Named President of Stone Bank’s SBA Division Marnie Oldner, Stone Bank CEO said “Our SBA division, headed by this professional who is so respected in the government-guaranteed loan…

October 25, 2017 By Bob Coleman Editor, Coleman Report C-Suite Wednesday — SBA 7(a) 25-Year Secondary Market Quotes up to 117.75 Maturity Spread Price Quarterly % Change 8 Years P + 2.75 108.750 -0.458% 10 Years P + 2.75 112.250 -0.883% 15 Years P + 2.75 112.450 -1.897% 20 Years P + 2.75 114.500 -1.505%…

October 24, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Fountainhead Brings AI to SBA Lending We have postulated for many years how technology would improve our decision-making in business and that artificial intelligence would play a role. Many of us, however, didn’t try to equate this to commercial…

October 23, 2017 By Bob Coleman Editor, Fraud Friday Main Street Monday — Main Street Paying its Obligations Better than Ever “Conditions are in place for small businesses to drive GDP growth resulting from exceptional financial health,” states William Phelan, president of PayNet, Inc. Small Business Delinquencies The PayNet Small Business Default Index (SBDFI) at…

October 20, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Oregon Community Bank CEO, CFO Fraud Trial Begins A retired Oregon community banker reported borrower and employee irregularities to the Feds in 2011. Don Heine filed a Suspicious Activity Report with the Financial Crimes Enforcement Network and called the FBI to report his…

October 19, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Banc-Serv Retains Brent Ciurlino, Appoints Karen McHugh EVP Brent Ciurlino’s consulting group has been retained to review the operations of banc-serv. Brent was formerly the Director, Office of Credit Risk Management / Asst. Associate Administrator for SBA from January…

October 18, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Coleman Rural Small Business Lenders of the Year Darren Davis, SBA Manager, Fidelity Bank, Georgia Never seeking outward recognition, Darren is quiet and unassuming; he simply strives to get the job done. At every turn in his career, he has proven he is…