Coleman Report

March 16, 2017 Trump Supports Full Funding for SBA 7(a) and 504 in FY 2018 By Bob Coleman Editor, Coleman Report From the President’s FY 18 Budget Released this Morning The President’s 2018 Budget requests $826.5 million for SBA, a $43.2 million or 5.0 percent decrease from the 2017 annualized CR level. The President’s 2018…

March 15, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Small Business Optimism Continues to Rise Every day I seem to read a newly-released report touting small business optimism on micro and macro levels. “Small business owners are the most optimistic they have been since the start of the Great Recession” is another…

March 14, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — House Small Biz Committee Probes Lender Compliance with SBA Credit Elsewhere Test The first question by Subcommittee Chairman Trent Kelly of Mississippi, “From the lender’s perspective can you describe the Credit Elsewhere Test and the steps you take to…

March 13, 2017 by Bob Judge Editor, The CPR Report Main Street Monday — SBA 7(a) Prepays Top 9% In January, prepays rose by 41%, going above CPR 9% for the first time since November, 2015. Double-digit increases in both defaults (CDR) and voluntary prepayments (CRR) led to the rise. Specifically, defaults rose by 46%…

Moody’s Analytics Webinar: Optimize Every Step of Small Business Lending From prospecting and loan applications all the way through to monitoring and portfolio management, the small business lending process is rife with inefficiencies and sub-optimal processes. Lending practices have come a long way in recent years, facilitated by the emergence of agile FinTech players and…

March 10, 2017 Fraud Friday — Bank Manager Gets 3 Years for $1 Million Fraud By Bob Coleman Editor, Fraud Friday “The defendant engaged in a pattern of illegal, unauthorized transactions which violated the bank customers’ confidence and trust. Today’s sentencing sends a message that the FBI will actively investigate and pursue prosecution of persons…

March 9, 2017 By Bob Coleman Editor, Coleman Report Special Edition A Coleman Report Special Edition — Effective immediately, SBA 7(a) and 504 are BACK! So says the new Administrator “SBA Grow Loan Program” and the “SBA Advantage Loan Program” are history. The name changes were extremely unpopular with the industry with 81% disapproving of…

March 9, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman’s Movers and Shakers — UCB Promotes Kelly Jackson to Sr. VP, Medical and Veterinary Sales Manager. United Community Bank Promotes Kelly Jackson to Senior Vice President, Medical and Veterinary Sales Manager “Kelly is very knowledgeable in the medical and veterinary industries and has…

March 8, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Industry Says Cut SBA Regional Offices, No Change to Lender Oversight Our readers are small business lending professionals in the public and private sectors. Thanks to the 88 of you responded to our poll. Regarding the 10 regional SBA offices: Close ‘em —…

March 7, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Budget 2018 Feedback The 13-page white paper posted on the House Small Business Committee website gives a glimpse into its thinking about the 2018 budget that begins October 1, 2017. I thought it would be useful to poll…