Coleman Report
Fraud Friday — Former TierOne Bank CEO 15 Count Fraud Trial Delayed
October 16, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former TierOne Bank CEO 15 Count Fraud Trial Delayed Former Nebraska-based TierOne CEO Gil Lundstrom’ fraud trial has been delayed. Indicted last December on 15 felony counts, the bank fraud the trial was scheduled to start this week. TierOne was Nebraska’s largest bank…
Read MoreColeman’s Movers and Shakers
October 15, 2015 Coleman’s Movers and Shakers By Bob Coleman Editor, Coleman Report Hanmi Bank Hires Steven Chaker as SVP and Regional SBA Sales Manager “I am excited to Join Hanmi Bank and be a part of Hanmi’s overall growth. The SBA team is seasonal SBA bankers who are highly motivated to help the small…
Read MoreC-Suite Wednesday — Most SBA 7(a) Lenders Hit Their Numbers, Many SBA 504 Lenders Don’t
October 14, 2015 By Bob Coleman Editor, C-Suite C-Suite Wednesday — Most SBA 7(a) Lenders Hit Their Numbers, Many SBA 504 Lenders Don’t Last week, I asked SBA lenders how their numbers look at the close of the government’s fiscal year on September 30th. First, thank you to all who voted. You are providing great…
Read MoreOver $3 Billion in SBA Franchise Loans Last Year: Why Getting SBA Affiliation Rules and Process Right is So Important
October 13, 2015 Over $3 Billion in SBA Franchise Loans Last Year: Why Getting SBA Affiliation Rules and Process Right is So Important By Ron Feldman Chief Development Officer, FRANdata Before year end, we expect SBA to announce changes to the affiliation standards and the process for determining and communicating determinations to lenders. Over the…
Read MoreMain Street Monday – Connecting Franchisees With Main Street
October 12, 2015 Coleman Small Business Lending Podcast – Episode 5 Mike Rozman, CEO and Co-founder, Boefly.com Mike Rozman is CEO and co-founder of BoeFly.com, the online marketplace connecting business borrowers with 5,000+ lenders. Mike is passionate about helping small business owners most efficiently secure competitive financing to start a business or grow their existing…
Read More57 Months for $2 Million in Loan Fraud Losses
October 9, 2015 By Bob Coleman Editor, Fraud Friday Is the judgement for a con artist who photoshopped his way for $7 million worth of loans. As I reported March 16th…. The method of the alleged fraud? Raise your hand if you’ve read this before. Photoshopped docs. Fake tax returns. Creative financial statements. And add…
Read MoreColeman’s Movers and Shakers
October 8, 2015 Coleman’s Movers and Shakers By Bob Coleman Editor, Movers and Shakers Stephanie Bitters Joins First Choice Bank as Senior Vice President of SBA Operations “Stephanie brings to First Choice professional and outstanding SBA managerial competence. She is a huge asset that will allow the bank to comfortably grow our two and one-half…
Read MoreColeman C-Suite Wednesday – SBA Loans: To Sell, or Not to Sell?
October 7, 2015 Coleman C-Suite Wednesday – SBA Loans: To Sell, or Not to Sell? By Walter McGlaughlin Coleman Report Contributor With SBA 7(a) loan volume at an all-time high and secondary market demand strong, the question of whether to sell or hold the guaranteed portions of closed loans is a front-and-center issue for many…
Read MoreSBA Hot Topic Tuesday — SBA Proposes Changes to Affiliation Rules
October 6, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Proposes Changes to Affiliation Rules SBA continues to simplify its rules and make it easier for Main Street to obtain access to capital. I’ve attempted to make the proposed changes easy to understand. The three major PROPOSED changes…
Read MoreMain Street Monday – Big Data and Big Brains Give Main Street Access to Capital at Credibly
October 5, 2015 Main Street Monday – Big Data and Big Brains Give Main Street Access to Capital at Credibly Glenn Goldman is the CEO of Credibly, a Fintech platform that leverages data science and analytics to improve the speed, cost and choice of capital available to small businesses across the credit spectrum. Previously, he…
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