Coleman Report

May 12, 2025 $220M Unguaranteed SBA 7(a) Portfolio Hits Market Clark Street Capital’s Bank Asset Network (“BAN”) proudly presents: “The 220MM SBA 7(a) Unguaranteed Loan Portfolio.” This exclusive portfolio is offered for sale by one institution (“Seller”). Highlights include: • A participation interest in the unguaranteed portion of an SBA 7(a) loan portfolio with a…

May 9, 2025 Bob ColemanFounder & Publisher Fraud Friday — Georgia Logger Indicted for $3 Million Loan Collateral Fraud, Identity Theft The owner of a small timber harvesting company has been indicted for a $3 million loan fraud. Ronnie Atkinson befriended the market president of a Morris Bank branch in Gray, Georgia, identified as AC.…

May 8, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Long, Gunderson, Spata, Luckett, Stoneman, Clinton Savings Bank Paul Long Promoted to Vice President, SBA Lending, GESA Credit Union Arnie Gunderson Senior Vice President, SBA Administrator, Mountain Pacific Bank Tip Spata VP & SBA Business Development Officer/Sales Lead, Texas First Bank Tréd Luckett, Vice…

May 7, 2025 Bob ColemanFounder & Publisher SBA 7(a) and 504 to be Fully funded in FY26 Budget — SBDCs Enhanced — SCORE, Women’s Business Centers, STEP to be Closed No changes are anticipated to the SBA 7(a) and 504 Loan programs, as the administration believes the changes they have made in the fee structure…

May 6, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA 7(a) and 504 to Double to $10 Million for Manufacturers in Bipartisan Congressional Bill House Committee on Small Business Chairman Roger Williams (R-TX) and Senate Committee on Small Business and Entrepreneurship Chair Joni Ernst (R-IA) are introducing key bipartisan legislation with Senator…

May 5, 2025 Bob ColemanFounder & Publisher Main Street Monday — California Boasts the Lowest 1st-Year Small Business Failure Rate Last week, I reported on challenges lenders may face in California within an increasingly regulatory environment. Today, I’m taking a positive approach by sharing statistics, which you know I love,  about the fifth largest economy…

May 2, 2025 Bob ColemanFounder & Publisher Fraud Friday — Brothers Guilty Plea in a Blueacorn-Related Fraud A key individual who took advantage of Blueacorn’s loose PPP loan eligibility screenings has pled guilty to a $109 million loan fraud. Eric Karnezis submitted 1,300 PPP loan applications for $178 million through Blueacorn’s lender service provider dashboard.…

May 1, 2025 Bob ColemanFounder & Publisher Movers & Shakers — Gay Schwere, Gabriele Distler, Deangelou Stevenson, & Juliana Totta Land New Gigs Gay Schwere Joins Stone Bank as VP/Business Development Officer Gabriele Distler Joins EverBank as Senior Underwriter Deangelou Stevenson Joins Veritex Bank as GGL Business Development Officer Juliana Totta Named Senior Vice President…

April 30, 2025 Bob ColemanFounder & Publisher THIS JUST IN! — Herndon to Purchase all SBA 7(a) Small Loans, Fresno Becomes the Lead Contact for Loan Servicing Center Actions Citing greater efficiency and a better “customer service” experience, Fresno will be the point of contact for all SBA loan servicing actions. And the National Guaranty…

April 29, 2025 Bob ColemanFounder & Publisher SBA Hot Topic Tuesday — SBA’s 7(a) Loan Calculator Buried in the news of last week’s new SOP 5010 8 is an updated SBA 7(a) Loan Guaranty Calculator. Download the spreadsheet from SBA’s website here: https://www.sba.gov/document/support-sba-7a-loan-guaranty-fee-calculator PS — Registration is still open for today’s 2 pm Eastern new…