Nik Patel’s Wife Accused of $7 Million Fraud Scheme – Fraud Friday

March 22, 2024 Delaney SextonContributing Editor Nik Patel’s Wife Accused of $7 Million Fraud Scheme – Fraud Friday This new scheme bears a resemblance to Nik Patel’s previous fraud schemes. Both involved creating fictitious loans and “used the guise” of USDA guarantees to sell the guaranteed portion. The current fraud scheme created a fictitious lender…

Read More

SBA Evades Funding Circle SBLC Questions

March 21, 2024 Delaney SextonContributing Editor SBA Evades Funding Circle SBLC Questions Kentucky Representative McGarvey asked SBA Administrator Guzman about the recent news of Funding Circle offloading their US operations and what that means for their newly awarded SBLC license: “I’d love to hear an answer about November 2023 when the Funding Circle was awarded…

Read More

SBA Administrator Guzman Testifies Before the House Committee

March 20, 2024 Delaney SextonContributing Editor SBA Administrator Guzman Testifies Before the House Committee “We know from countless investigations, without a doubt, that the SBA needs to be right-sized. You take one look at the agency and it is clear that they are struggling with their current workload and are straying from their sole mission…

Read More

House Small Business Committee to Hear from Administrator Guzman

March 19, 2024 Delaney SextonContributing Editor House Small Business Committee to Hear from Administrator Guzman Tomorrow at 10:00 AM ET, the House Committee on Small Businesses is holding a hearing to question the SBA Administrator and ensure the SBA is functioning efficiently and as intended. Watch “Conducting Oversight: Testimony from the Small Business Administrator” tomorrow…

Read More

COLEMAN REPORT EXCLUSIVE: Kris Roglieri Mugshot

March 19, 2024 Delaney SextonContributing Editor COLEMAN REPORT EXCLUSIVE: Kris Roglieri Mugshot On February 13, Kris Roglieri was arrested in Warren County New York. He was charged with third degree criminal possession of an assault weapon and third degree criminal possession of an ammunition feeding device. Third degree criminal weapon possession is a Class D…

Read More

The Coleman SBA Loan Broker and Lender Table

Weekly Virtual Meetings Every Thursday at 12 pm Eastern Annual Membership Fee: $2500Sign up by April 30th For Special Inaugural Price of $2000! ● Direct Contact with SBA Lenders and Brokers● 50 Meetings Per Year● Weekly Newsletter How would you like to confer with some of the brightest, most successful SBA lenders and loan brokers…

Read More