Coleman Report

June 3, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA Issues New SBA 7(a) UPP Effective May 1 This Universal Purchase Package was designed to help with the assembly of a guaranty purchase request package for all 7(a) loan types. Please read and follow the instructions provided on each tab. Complying with…

June 2, 2025 Bob ColemanFounder & Publisher Main Street Monday — SBA Releases Updated Form 148-L, Unconditional Limited Guarantee An SBA lender would obtain an Unconditional Limited Guarantee when requiring a limited personal guarantee from a business owner or guarantor. Specifically, SBA Form 148L is used: Common Scenarios: View Updated Form 148-L here

May 30, 2025 Bob ColemanFounder & Publisher Fraud Friday: $25 Million SBA Loan Fraud Exploits Valid IRS Filings Eighteen individuals from Southern California’s San Fernando Valley and Glendale predominately Armenian community are facing federal charges for perpetrating a $25 million scam involving fraudulent SBA PLP and PPP loans. What sets this case apart is how…

May 29, 2025 Bob ColemanFounder & Publisher THIS JUST IN! SBA Issues Technical Update to SOP 5010 8 — Effective June 1, 2025 Yesterday SBA dropped a new Technical Update to SOP 5010 8, officially replacing the version originally published on April 22, 2025. The changes go into effect for any loan that gets an…

May 29, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Heyden, Pickhardt, Greene, Bristow West Coast Community Bank Hires Diane Heyden as Senior Vice President, Director of SBA Lending West Coast Community Bank (WCCB) is pleased to announce Diane Heyden has joined as Senior Vice President and Director of Small Business Administration (SBA) Lending.…

Registration is now open for FLAGGL 2025! Read more and register here: flagglconference.com This year’s conference will be entirely IN-PERSON. Join a cross-section of attendees from various lending institutions throughout the state of Florida to learn from SBA lending industry experts and network with fellow colleagues at one of the industry’s top-rated conferences.  The FLAGGL…

May 27, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — Administrator Loeffler’s Support of a $10 Million 7(a) Loan Cap for Manufacturers The following passage has been condensed and edited from Administrator Kelly Loeffler’s testimony before the Senate Small Business Committee last week: Thank you Chair Ernst, Ranking Member Markey, and Committee Members…

May 23, 2025 Bob ColemanFounder & Publisher Kris Roglieri’s Chief Operating Officer Pleads Guilty to Loan Fraud Christopher Snyder, former Chief Operating Officer of Prime Capital Ventures, has agreed to plead guilty to one count of conspiracy to commit wire fraud. This development is part of a larger fraud case involving three co-conspirators. The main…

May 22, 2025 Bob ColemanFounder & Publisher Movers & Shakers — John Ashkar, Bryan Anguiano, Layla Powell John Marshall Bank Hires John Ashkar as SVP, Director of Business Banking to Lead Business Banking Team “Bringing John onto the JMB team reflects the Bank’s commitment to the success of our small business clients,” says Jason R.…

May 21, 2025 Bob ColemanFounder & Publisher A Coleman Conversation: Barry Sloane of Newtek In the first episode of A Coleman Conversation, Bob Coleman sits down with Barry Sloane, CEO of NewtekOne — the nation’s #1 SBA 7(a) lender. They discuss the evolution of SBA lending, the transition from nonbank to bank status, Newtek’s $2…