Coleman Report
Main Street Wednesday – What are your State’s Small Business Stats?
July 23, 2014 By Bob Coleman Editor, Coleman Report I love small business stats, and SBA’s Office of Advocacy delivers with its just released 2013 Small Business Profiles for States (and US territories!) Download and read at your leisure. There’s a ton of good stuff here. This year’s profiles feature a new and expanded format.…
Read MoreCPR Report: SBA 7(a) Prepays Move Back Above 8%
July 21, 2014 By Bob Judge Editor, CPR Report In May, prepays rebounded back above 8% for the first time since February. After two months of sub-7% speeds, we have returned to where we stood as 2014 began. Defaults rose significantly last month, but stayed below 2% for the ninth month in a row. This…
Read MoreMug Shot Monday – CU President Indicted for Concealing Delinquent Loans
July 21, 2014 By Bob Coleman Editor, Coleman Report This one is a head scratcher. On the surface, the fraud doesn’t make any sense. Today’s alleged perp didn’t benefit monetarily, and threw away a 17-year tenure as the credit union president for a half million fraud – that benefited others. The ex-president of Tazewell County…
Read MoreFraud Friday – Another Wilmington Trust Banker Indicted
July 18, 2014 By Bob Coleman Editor, Coleman Report Peter Hayes joins fellow Wilmington Trust alums caught in the crosshairs of SIGTARP prosecutions. SIGTARP’s (Special Inspector General for the Troubled Asset Relief Program) specialty is to jail community bankers who’s malfeasance contributed to loan losses to their institution, thus creating TARP investment losses. The 48…
Read MoreColeman Thursday’s Mover and Shakers
July 17, 2014 By Bob Coleman Editor, Coleman Report Bank of Brookhaven Becomes a SBA Lender Mississippi-based Bank of Brookhaven has signed the 750 and is now a SBA lender. “We are pleased to add SBA Lending to our menu of loan products we provide, as we strive to help Brookhaven and Lincoln County grow…
Read MoreMain Street Wednesday – Main Street’s Numbers Continue to Improve
July 16, 2014 By Bob Coleman Editor, Coleman Report So says SBA’s Office of Advocacy in their latest Small Business Quarterly Bulletin. SBA Economist Brian Headd writes . . . . After almost five years of gradual economic recovery, we are seeing increasingly positive signs from small businesses. The establishment birth rate (the share of…
Read MoreSBA Hot Topic Tuesday – A Monday Morning Quarterback Face Palm
July 15, 2014 By Bob Coleman Editor, Coleman Report I know I have criticized SBA’s Inspector General for pushing the envelope far too many times in questioning lender decisions after the loan defaults. However, I think we can all agree, except for the lender and SBA of course, that this case study is a mess…
Read MoreMug Shot Monday – Auto Dealer Sentenced for Inventory Conversion
July 14, 2014 By Bob Coleman Editor, Coleman Report A Chicago auto dealer has been sentenced to six months of home confinement and six months in a halfway house for ripping off $340,000 from a community bank. Tariq Khan, as owner of Urban Motors, purchased used vehicles at auction and from other dealerships and resold…
Read MoreFraud Friday – Community Bank Commercial Loan Officer Guilty of False Statements
July 11, 2014 By Bob Coleman Editor, Coleman Report Another community bank commercial loan officer is facing jail after the Feds wrote off a $500,000 loss from a TARP fund investment. Former senior vice president Michael Yancey lied about the terms of a loan he secured on behalf of a bank customer in order to…
Read MoreColeman’s Thursday Movers and Shakers
July 10, 2014 By Bob Coleman Editor, Coleman Report Bob Holguin Named Nevada SBA District Director Says SBA regional administrator Donna Davis, “I look forward to Bob’s significant contributions and solid leadership as he continues to serve the SBA and Nevada as the district director. As a previous entrepreneur himself, Bob will be a strong…
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