Coleman Report

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…

March 3, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Community Bank President Gets 4 Years for Bank Fraud The former president and chairman of Oklahoma-based First State Bank of Altus is heading to jail for four years. 67-year old Paul Doughty approved a series of loans to companies he controlled that led…

By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Mary Anne Bradfield Named SBA Chief of Staff SBA Administrator Linda McMahon Appoints Mary Anne Bradfield as Chief of Staff “I’m so pleased to have Mary Anne by my side. Her wealth of private and public sector leadership and management experience, including…

March 2, 2017 By Bob Coleman Editor, SBA Hot Topic Special Edition SBA Hot Topic Tuesday Special Thursday Edition! SBA 504 Refi is Back! New SBA Franchise Forms Available. Yesterday’s reporting that the House Small Business Committee wants to eliminate SBA 504 debt refinancing is being disputed by NADCO. NADCO’s CEO B Vohryzek writes, “You…

March 1, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — House Small Biz Committee Supports SBA 7(a) Funding Levels of $28.5 Billion in FY 2018 The House Small Business Committee released a report this morning that sets its priorities for FY 2018. $28.5 billion lending level for SBA 7(a) $7.5 billion lending level…

February 28, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Negative SBA Plum Job Reactions We get emails…. How many of these jobs are really necessary? 10 Regional Administrators @ $180k per? With staff and assistants and travel costs? Talk about a no-work job. That’s gotta be $5 million…