Coleman Report

June 9, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — SBA 7(a) Borrower Pleads Guilty for Failure to Disclose $600k in Delinquent Payroll Taxes In 2012, Clinton Tackitt, 43, received a $1.5 million SBA 7(a) loan from Guaranty Bank for his company, Allied Roofing Systems. The problem is he failed to tell the…

June 8, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Brian Clegg Named Vice President at Acclivity Financial for Rocky Mountain and Midwest Markets Brian Clegg Named Vice President at Acclivity Financial for Rocky Mountain and Midwest Markets “Brian has an extensive SBA background and a great reputation in…

June 7, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Did You Know SBA Considers Rural America as one of the the 4 Underserved Access to Capital Markets? The other three? Minority Women Veteran So, make sure you are identifying all of your SBA 7(a) and 504 loans that are “rural” loans. (This…

June 6, 2017 By Bob Coleman Editor, Coleman Report SBA Hot Topic Tuesday — SBA 7(a) Secondary Market Quotes as of June 6, 2017 Maturity Spread Price Monthly % Change 8 Years P + 2.75 109.250 -0.274% 10 Years P + 2.75 113.250 -1.135% 15 Years P + 2.75 114.625 +0.197% 20 Years P +…

June 5, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Half of Millennials Plan to Start a Small Business in the Next 3 Years And 62% say they want a business that makes money, specifically “lots of money,” rather than a business that is “lots of fun.” Being one’s own boss…

June 2, 2017 Coleman Report Special Edition — What’s Not to Like on National Donut Day?! By Bob Coleman Editor, Coleman Report Yep, even doughnut entrepreneurs get a day! This morning, NADCO tweeted, We got a list. First, the stats. In the last ten years, Baked Good Stores, which include donut shops, received 45 SBA…

Coleman’s 6th Annual Gas Station/C-Store SBA Financing Webinar Home Speakers Agenda Registration Gain Expertise to Build a Quality SBA 7(a) Gas Station Loan Portfolio, Avoiding Losses and Repairs and Denials Special Tips for Obtaining SBA 504 Loan Approvals. A 75-minute webinar that lets staff earn e-certification. Date RESCHEDULED: Wednesday, September 19, 2018 Time: 2:00 p.m.…

June 2, 2017 Fraud Friday — Hotel Down Payment Cash Injection Fraud Sends One to Jail, One on Probation By Bob Coleman Editor, Fraud Friday In January 2009, Joseph Garrison was recruited as a straw buyer for two Celtic Bank hotel loans in Texas. He received a $2 million SBA 7(a) loan to purchase a…

June 1, 2017 By Bob Coleman Editor, Coleman’s Movers & Shakers Coleman’s Movers & Shakers — America East Agenda Set, Boston August 2-4 Download the conference agenda here Register here Brad Heritage Named Sr. VP, Business Development of Northeast Bank’s SBA Lending Division “We are excited to have Brad join Northeast Bank. With his extensive…

May 31, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Main Street Delinquencies Remain Low Concludes Paynet’s Q1 Small Business Credit Outlook Report. Small businesses remain in a healthy position relative to historical delinquency trends and are exhibiting modest default rates. Private companies are keeping their financial powder dry. The Thomson Reuters/PayNet Small…