Coleman Report

September 28, 2023 Delaney SextonContributing Editor Fraud Friday – House Committee Meets with Private Sector to Discuss Returning Pandemic Loan Fraud Funds “When the pandemic started, the SBA took on an outsized role in restarting our nation’s economy. The PPP and EIDL programs were vital to saving small businesses, but that fact does not excuse…

September 25, 2023 Delaney SextonContributing Editor Movers & Shakers Monday – Kaley Lilley and Jesse Bro PlainsCapital Bank Welcomes Kaley Lilley as SVP, Commercial Loan Officer “Since starting her career in commercial lending, Kaley has demonstrated her ability to build strong client relationships in both Houston and Austin,” says Austin Region Chairman Paul Holubec. “We’re…

September 22, 2023 Delaney SextonContributing Editor Fraud Friday – Software Development CEO Sentenced for PPP Fraud & Failure to Pay Employment Taxes A CEO of multiple software development and IT services companies received a 2 year prison sentence after pleading guilty earlier this year to one count of conspiracy to commit bank fraud and one…

A SOP 5010 released on a dare from the House Small Business Committee last May was quickly followed by Congressional and industry criticism. SBA appeared to backtrack and promised to consider revisions and issue technical corrections. A Coleman WebinarWednesday, October 18, 2023 75-minute training with e-certificationRegister Online Here Never happened! Months went by and the…

Currently for the 7(a) and 504 business loan programs, SBA considers an applicant ineligible if the business has an Associate who is incarcerated, on probation, on parole, or is under indictment for a felony or any crime involving or relating to financial misconduct or a false statement, and for Microloans, in addition to incarcerated, an…

September 18, 2023 Delaney SextonContributing Editor Monday Movers & Shakers – Meghan Hormann, Josh Orloff, Marcella Alaniz, and Momentus Capital Meghan Hormann Joins VelocitySBA as National Sales Manager “We’re very excited to bring in Meghan to lead and grow our sales organization,” says President Charles Rho. “She has a wealth of experience in SBA lending,…

Underwritten by Thomas USAF, this event is complimentary to attendees. The roundtable brings together lenders and USDA B&I loan management. Register and obtain more information here.

September 15, 2023 Delaney SextonContributing Editor Fraud Friday – Fraudster’s Family Members Pay $300,000 Under the False Claims Act “Debra Hackstadt showered ill-gotten pandemic relief funds upon her family members. These settlements prove that her crimes did not pay, and that we will use every tool at our disposal to follow the money and recover…

September 13, 2023 Delaney SextonContributing Editor C-Suite Wednesday – SBA Leaders to Return to Office in the Coming Weeks All political appointees, members of the Senior Executive Service, and senior-level staff will be transitioning to working in person at least five days per pay period beginning on September 25th. On November 5th, remaining telework-eligible managers…

September 12, 2023 Delaney SextonContributing Editor SBA Hot Topic Tuesday – New Businesses are Up 25% in 2023 In a recent study, Yelp reported that the number of new small businesses in 2023 is set to beat 2022’s all-time high. Minority-owned businesses and businesses in the hotel & travel industry are flourishing beyond the national…