Coleman Report

October 3, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Upgrades LINC to Lender Match “The SBA’s mission to help small businesses grow, create jobs and help our economy thrive is strengthened by the new Lender Match tool. It essentially serves as a matchmaker, making it easier for…

September 29, 2017 Fraud Friday — $9 Million Green Energy Fraud Catches up with Wisconsin Entrepreneur By Bob Coleman Editor, Fraud Friday The concept is simple. Turn yucky, used grease from fast food restaurant fryers into renewable energy — and cash. Implementation is the problem. Especially when the owner loots his companies to maintain the…

September 28, 2017 Coleman’s Movers & Shakers — Sorrells, Ellison and Vrtachnik Join Acclivity Financial By Bob Coleman Editor, Movers & Shakers Sorrells, Ellison and Vrtachnik Join Acclivity Financial “This is an extremely exciting time for Acclivity Financial,” says Danny Preston, Chief Executive Officer. “With success comes growth and the need to expand operations. Yolanda,…

September 26, 2017 By Bob Judge Editor, CPR Report SBA Hot Topic Tuesday — SBA 7(a) Prepays Fall Back Below 9% In June, prepays fell by another 5%, moving back below CPR 9% after a two-month hiatus, coming in at CPR 8.60%. An decrease in both defaults (CDR) and voluntary prepayments (CRR) led to the…

September 25, 2017 Main Street Monday — California Dissolves SAFE-BIDCO By Bob Coleman Editor, Main Street Monday Citing years of losses and minimal SBA loan activity the state of California has closed the doors of nonbank SBA lender SAFE-BIDCO. A damning April audit citing excessive Executive Director travel to out-of-state conferences, and one EU trip,…

September 22, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — OU Jock Turned Banker Embezzled Funds to Pay Bookie $200 Large Blake likes to gamble. Unfortunately, badly. To cover his debts he increased his customer’s lines of credit and took the cash for himself. He was a punter for the Oklahoma University football…

September 21, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — FLAGGL Rescheduled Nov 13-15, Three SBA Lender Regional Conferences Set The Florida regional SBA lender’s conference canceled by Hurricane Irma will be in Orlando, Nov 13-15. Registration is re-opening. Southeastern Small Business Lenders Conferenced is set for March 7-9,…

September 20, 2017 Battle for Small Business Capital Access: Traditional vs. Alternative Lenders by Michael Schwartz, Director, Business Development Moody’s Analytics Just over 15 years ago, little-know startup Netflix was offered up for sale to movie rental mainstay Blockbuster, which opted to pass. The concept of acquiring a subscription network for movie rentals, offering at-home…

September 19, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — America’s SBDCs on the Front Line Helping Small Biz Hurricane Victims Don’t forget about the free resources your local SBDC can offer to your small business customers who are facing the loss of their livelihood due to the recent…

September 15, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Small Business Loan Broker’s Million Dollar Fraud Over a span of five years, Joseph Angelo defrauded 10 small business owners of more than $1 million by representing that his companies – Lease One Corp. and Palmtree Finance & Funding LLC – were brokers…