Coleman Report

March 22, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Small Business Default Rates Predicted to Rise Says the Thomson/Reuters Paynet Small Business Credit Outlook Report. ************************************** The macro-economic picture points to accelerating business activity within a more stimulative environment. We have witnessed a strong advance in the stock market, usually a reliable…

March 22, 2017 SBA Hot Topic Tuesday — McMahon to SBA Employees, “Do a Good Job” By Linda McMahon, SBA Administrator (Published March 15 on SBA’s Blog) The stage was set – two maroon club chairs in front of the official podium, the American flag and the flag of the Small Business Administration placed against…

March 17, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Two Community Bankers, Borrower, Guilty of Bank Fraud Last week, GulfSouth Private Bank’s ex-president, 51-year old Anthony Atkins was convicted of conspiracy to commit bank fraud, four counts of false statements to a federally insured financial institution, bank fraud, and mail fraud affecting…

March 16, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Ann Marie Mehlum Joins SmartBiz Loans Board of Directors Ann Marie Mehlum Joins SmartBiz Loans Board of Directors “With her decades of experience both at the SBA and in the broader banking industry, Ann Marie represents the addition of…

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…