Coleman Report
Fraud Friday — The Boys and their Toys, Community Banker CEO Style
July 22, 2016 Fraud Friday — The Boys and their Toys, Community Banker CEO Style By Bob Coleman Editor, Fraud Friday It’s a nice list of toys. Corvettes, SUVs, some really nice RV’s, a Kibbi trailer and a “Classic” trailer — hope he had at least some sense and got an Airstream. Former Wisconsin-based Farmers…
Read MoreColeman’s Movers and Shakers — Jeff Nager Named Director of Government Guaranteed Lending at The Bancorp
July 21, 2016 By Bob Coleman Editor, Movers and Shakers Jeff Nager Named Director of Government Guaranteed Lending at The Bancorp “Jeff has an excellent reputation in the SBA community with the experience, skillset, and proven track record to help The Bancorp achieve its goal of becoming a top National SBA lender,” says Donald Tyson,…
Read MoreC-Suite Wednesday — SBA Secondary Market Quotes
July 20, 2016 SBA 7(a) Secondary Market Quotes Source: Government Loan Solutions
Read MoreSBA Hot Topic Tuesday — CPR Report: SBA 7(a) Prepays Stay Above 8%
July 19, 2016 SBA Hot Topic Tuesday — CPR Report: SBA 7(a) Prepays Stay Above 8% By Bob Judge Editor, CPR Report In May, prepays stayed above CPR 8% for the second month in a row, rising by 6%. The cause of this increase was a single-digit increase in both defaults (CDR) and voluntary prepayments…
Read MoreColeman’s Movers and Shakers — Crestmark Promotes Chris Soupal to National Sales Director’s Post, SBA Division
July 14, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Crestmark Promotes Chris Soupal to National Sales Director’s Post, SBA Division “I am pleased to announce the promotion of Christopher Soupal to senior vice president of our SBA Division. Since joining Crestmark, Chris quickly earned the respect of peers, management, and industry contacts for…
Read MoreC-Suite Wednesday — Main Street in Maintenance Mode, Seeing Little Growth
July 13, 2016 C-Suite Wednesday — Main Street in Maintenance Mode, Seeing Little Growth By Bob Coleman Editor, C-Suite Wednesday “Small business optimism did not go down in June, which is good, but small businesses are in maintenance mode experiencing little growth,” says NFIB Chief Economist Bill Dunkelberg. “Uncertainty is high, expectations for better business…
Read MoreSBA Hot Topic Tuesday — PayPal Tops $2 Billion in Small Business Lending
July 12, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — PayPal Tops $2 Billion in Small Business Lending Your competition offers a five minute application, an immediate decision, and funds deposited into the small business checking account the next day. Most of you know, I’ve borrowed money from PayPal’s…
Read MoreFraud Friday — Former Community Bank President Faces Life in Prison after Guilty Verdicts
July 8, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former Community Bank President Faces Life in Prison after Guilty Verdicts Paul Doughty’s ten fraud guilty verdicts by an Oklahoma federal jury has the 67-year old community banker facing life in prison. First State Bank of Altus was seized by regulators during the…
Read MoreC-Suite Wednesday — American Express Enters FinTech Small Business Lending Market
July 6, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — American Express Enters FinTech Small Business Lending Market Looking to replace the revenue stream with the termination of its exclusive Costco credit card processing partnership, AmEx is eyeing the small business lending market. AmEx’s venture, Working Capital Terms, will approve loans in minutes…
Read MoreSBA Hot Topic Tuesday — SBA’s Summer Road Trip to Main Street
July 5, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA’s Summer Road Trip to Main Street “Main Street entrepreneurship is at the heart of the American economy, contributing half of our nation’s productivity and creating two out of three net new jobs,” says SBA Administrator Maria Contreras-Sweet. “Communities…
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