Coleman Report
Fraud Friday — SBA 7(a) Loan Agent Fraud Totals $335 Million in 10 Years
November 13, 2015 By Bob Coleman Editor, Fraud Friday Part II of my coverage of SBA Inspector General’s top-ten challenges for the agency. Writes the OIG: “Since 2005, SBA OIG has investigated at least 22 cases with confirmed loan agent fraud totaling at least $335 million. “Further, OIG has determined that loan agents were involved…
Read MoreColeman’s Movers and Shakers
November 12, 2015 Coleman’s Movers and Shakers By Bob Coleman Editor, Movers and Shakers Scott Dykstra joins Redwood Credit Union’s business lending team “Scott has a proven history of building relationships and serving the lending needs of small businesses in the North Bay, and we’re excited to welcome him to our lending team,” says Mike…
Read MoreVeteran-owned Small Businesses Support Just Under 6 Million Jobs
November 11, 2015 Veteran-owned Small Businesses Support Just Under 6 Million Jobs By Bob Coleman Editor, Coleman Report Thanks to CDC Small Business for the following stats: There are 2.45 Million veteran-owned businesses. 9% of all U.S. firms are veteran-owned. Veteran-owned business support 5.79 million jobs. Veteran-owned businesses generate $1.2 trillion in revenues. Check out…
Read MoreSBA Hot Topic Tuesday — SBA Needs to Further Strengthen its Oversight of Lending Participants Says OIG
November 10, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Needs to Further Strengthen its Oversight of Lending Participants Says OIG SBA’s Inspector General issues an annual report card addressing the agency’s management challenges for the upcoming fiscal year. Three challenges directly impact SBA 7(a) and 504 lenders…
Read MoreMain Street Monday — How Minimum Wage Increases Affect Restaurant Cash Flow
November 09, 2015 Main Street Monday — How Minimum Wage Increases Affect Restaurant Cash Flow Courtesy of Gary Levy CPA, Hospitality Industry Practice Leader CohnReznick Twenty states had increased the minimum wage as of January 1, 2015 and now New York is joining those ranks at the end of this year. While intended to advance…
Read MoreFraud Friday — TierOne Bank CEO Guilty of 12 Counts of Bank Fraud Relating to Nebraska’s Largest Bank Failure
November 06, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — TierOne Bank CEO Guilty of 12 Counts of Bank Fraud Relating to Nebraska’s Largest Bank Failure The 74-year old founder and former chief executive officer of Nebraska’s largest bank failure has been found guilty of fraud. Prosecutors say Lundstrom concealed delinquent and uncollectible…
Read MoreColeman’s Movers and Shakers
November 5, 2015 Coleman’s Movers and Shakers Amy Miksis Joins Celtic Bank’s SBA Lending Team “We are excited to have Amy join our organization,” says Timothy McGoff, Chief Business Development Officer at Celtic Bank. “Her background in commercial credit analysis and loan packaging will be instrumental as we continue to expand our national business development…
Read MoreC-Suite Wednesday — Main Street Optimism Stagnates
November 04, 2015 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Main Street Optimism Stagnates NFIB’s Small Business Optimism Index was basically unchanged from August to September. Reading 96.1, the Index gained 0.2 points and remains well below the 42 year average of 98. “Small business optimism continues to be stagnant, which is consistent…
Read MoreSBA Hot Topic Tuesday — 10 Underwriting Tips for SBA Change of Ownership Loans (Part 2)
November 03, 2015 By Walter McLaughlin Contributor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — 10 Underwriting Tips for SBA Change of Ownership Loans (Part 2) Second of a two part series. On October 20, Part I of this short series was published. Today, tips 5 through 10 for SBA Change of Ownership Loans.…
Read MoreMain Street Monday – Rural America’s Solution for Access of Small Business Capital
November 2, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday – Rural America’s Solution for Access of Small Business Capital Michael Thomas(CPA) is the founder, CEO and Investor in USAF I, II, III and Thomas USAF Group, LLC. In 2011 he founded a fifth USAF fund, McDonald USAF, LP and in 2015…
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