Coleman Report

November 9, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Pat MacKrell Elected Chair of NADCO “NADCO is lucky to have Pat MacKrell leading its board of directors. Having known Pat for a long time, I know how qualified he is to steer the 504 program and the CDC…

November 7, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic — Common SBA Lender Errors From SBA’s review of 354 lenders for FY 2017 — percentage of lenders failing to follow SBA’s SOP.. Eligibility EPC/OC Conditions Not Met — 12% Credit Elsewhere Test Not Documented — 10% Prior Loss to the…

November 3, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Newtek Forecasts Zero Earnings from banc-serv Says Newtek President & CEO Barry Sloane in yesterday’s 3Q earnings call. Barry again confirmed banc-serv was the target of the FBI raid that seized company records. New information to the story is Newtek’s earnings forecast has…

November 2, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Tony Zara Joins Newtek as EVP, Credit and Risk Management Tony Zara Joins Newtek as EVP, Credit and Risk Management Barry Sloane, Chairman, President and Chief Executive Officer says, “We are very excited to welcome Tony Zara to our…

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…