Coleman Report

January 30, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Greater Nevada CU and West Town Bank & Trust Top USDA B&I Lending for 2016 Many of you know I am an unabashed fanboy for the Department of Agriculture business and industry lending program getting capital to Rural America’s Main Street.…

January 27, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Community Bank Chairman and Founder Gets 11 Months In Jail for TARP Fraud Barry Bekkedam, aged 49, crime? Creating a false TARP application. “Lending drives economic growth and law enforcement plays an important role in protecting banks’ ability to lend by removing criminals…

January 26, 2017 By Bob Judge Editor, CPR Report CPR Report — SBA 7(a) Prepays Slightly Lower for 2016 Read the full report here. In December, prepays fell by 10%, going below CPR 7% for the first time since March. A slight rise in defaults (CDR) was more than offset by a decrease in voluntary…

January 25, 2017 By Janet Annan Guest Contributor Partner Engineering C-Suite Wednesday — Environmental Requirements for Concentrated Animal Feeding Operation SBA Loans In response to a recent lawsuit that was filed against SBA with regard to a feedlot loan, SBA is currently requiring additional environmental review for loans involving concentrated animal feedlots, including dairy, cattle,…

SBA Hot Topic Tuesday — Linda McMahon’s Opening Statement at her Senate Confirmation January 24, 2017 By Bob Coleman Editor, Coleman Report Testimony of Linda McMahon Nominee to Be Administrator U.S. Small Business Administration Download Opening Remarks Thank you, Chairman Risch, Ranking Member Shaheen, and members of the Committee. I’m honored to have your consideration…

January 23, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Listen to SBA Administrator Nominee Linda McMahon’s Hearing Tomorrow Tuesday, January 24, 2017 10:30 AM Eastern View the confirmation hearing here live. Reprinted from the December 13, 2016 Coleman Report Linda McMahon’s #1 Priority as SBA Administrator Should be. . .…

January 20, 2017 By Bob Coleman Editor, Fraud Friday SEC Charges Lawyer with Stealing Investor Money in EB-5 Offerings Last month, the SEC charged a California-based attorney with defrauding investors seeking to participate in the EB-5 immigrant investor program, stealing their money to buy a yacht and prop up his other businesses. The SEC says…

January 19, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers and Shakers — America East Slated for Boston, Aug 2-4 One if by Land, and Two if by Sea… this year BOSTON is Where We’ll Be We are excited to announce the 2017 location for America East. This year’s conference will be…

January 18, 2017 By Bob Coleman Coleman Special Report Senate Announces Linda McMahon SBA Confirmation Hearing — Tues, Jan 24th. The Senate Committee on Small Business and Entrepreneurship will hold a hearing for the confirmation of of Linda E. McMahon to be Administrator of the Small Business Administration. The hearing will be webcast live on…

January 18, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — In Defense of SBA Lending Students in Coleman’s SBA 7(a) Loan Underwriting class are asked to submit an elevator pitch in defense of SBA’s lending programs. Here are a few of their well-reasoned responses. Chris SBA lending programs are necessary for a vibrant…