Coleman Report

April 11, 2025 Bob ColemanFounder & Publisher $10 Million PPP Loan Fraud Greed Earns Hawaii Man 87 Months in Prison The owner of a Hawaii defense contractor ran a successful small business employing 140 people with a monthly payroll of $830,000 when the pandemic hit. Navatek had an $8 million Navy contract to develop hulls…

April 10, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Martha McLeod New CFO at First Bank of the Lake, Neal Kyber Joins CountyBank, Harvest Welcomes Rebecca Grant & Kevin McQuade Martha McLeod Named Executive Vice President, CFO of First Bank of the Lake  “I am so proud Martha has joined our team. Martha…

April 9, 2025 Bob ColemanFounder & Publisher CFPB to Roll Back Small Business Loan Data Collection, California Says No The 10-Year saga of CFPB section 1071 may be coming to an end. As the new administration signals its intent to eliminate the collection of data on small business loan applications, the future of CFPB Section…

April 8, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA OIG Urges SBA to Investigate $200 Billion of COVID-19 Fraud Says the SBA Inspector General in a White Paper issued March 31, 2025: Over the course of the COVID-19 pandemic, SBA disbursed approximately $1.2 trillion of COVID-19 EIDL and PPP funds.  The…

April 7, 2025 Bob ColemanFounder & Publisher 20% of Main Street Applied for SBA Loans in 2024 From the 2025 Federal Reserve Bank Small Business Credit Survey. Some Interesting Survey Results: Access the Report here Check out our earlier reporting: Cash Reserves are the Number One Solution for Main Street Financial Challenges (April 2, 2025)

April 3, 2025 Bob ColemanFounder & Publisher Fraud Friday — 10 Years Statute of Limitations Proposed for SVOG and RRF Loan Fraud House Committee on Small Business Chairman Roger Williams and Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst are introducing the SBA Fraud Enforcement Extension Act. The bill extends the statute of…

April 3, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Cody Porter New CrossFirst Bank SBA Sales Manager, Plains Capital Bank Names Lisa Bowman VP CrossFirst Bank Names Cody Porter SBA Sales Manager Cody Porter has been named SBA Sales Manager at CrossFirst Bank. A 10-year veteran of SBA lending, he has over 16…

April 2, 2025 Bob ColemanFounder & Publisher Cash Reserves are the Number One Solution for Main Street Financial Challenges One of the best small business Trend and Outlook reports is produced by the Federal Reserve Consortium of 12 Banks. This year’s report is no different and contains a number of insightful statistics to help you…

April 1, 2025 Bob ColemanFounder & Publisher TMC Financing 2025 Outlook Says Main Street Optimistic — 53% of Borrowers See Sales Growth For its 2025 Small Business Outlook, TMC Financing surveyed its customer base and found optimism among borrowers. Most anticipate sales growth, and only 7% expect to reduce their employee headcount. Here is a…

March 31, 2025 Bob ColemanFounder & Publisher Main Street Monday — SBA Sends Another “Fork in the Road” Voluntary Resignation Email to Employees SBA says its elimination of 2,700 jobs will come from voluntary resignations, “expiration of COVID-era and other term appointments,” and a limited number of Reduction in Workforce — RIFs. Regarding voluntary resignations,…