Spotting Borrower Fraud and Reporting to SBA’s OIG, as Required by Law – A Coleman Webinar 6/20

SBA Lender Loan Fraud Reporting Obligations

A Coleman Webinar
Date & Time: Thursday, June 20, 2024 at 2:00 p.m. Eastern
(Includes Recording & E-Certification)

SBA use of the word “must” is a requirement. Not a suggestion.

Says SBA in SOP 5057 3 , “All SBA officials, Lenders, Borrowers contractors and others must report any known or suspected irregularities involving SBA Loan programs, program participants, or personnel to the SBA Office of the Inspector General.”

The underlying CFR citation:

Not only is reporting fraud an SBA requirement, it is also the law — and the right thing to do.

And it minimizes risking the validity of your SBA loan guaranty.

Coleman award winning webinar instructor Lance Sexton will walk you through all of the borrower actions that will trigger the mandated referral. He’ll instruct you on the information required, where to send it and your follow-up responsibilities.

He will use case studies to determine the appropriate circumstances that initiates the referral.

Importantly, he will discuss how to handle this sensitive information.

Lance’s presentation will be augmented with a discussion of the False Claims Act and whistleblower protections.

You and your team will learn how to spot:

• Financial Statement Fraud
• Criminal History Fraud
• Equity Injection Fraud
• Collateral Fraud 
• Eligibility Fraud
• Loan Agent Fraud

Your Training Staff

Lance Sexton, Coleman Faculty Instructor
A former small business owner, Lance Sexton has a successful history of working with small business owners and students related to entrepreneurship and SBA loan origination, servicing, and liquidation.
He has received three training industry awards for his webinar instruction and his 8-week loan closing course.
Lance has over 30 years of experience, including ten years directly managing portfolios of SBA loans. Lance was an entrepreneurship faculty member of the Sam M. Walton College of Business at the University of Arkansas. He is an Executive Vice President of Fountainhead Commercial Capital and has been affiliated with Coleman Publishing for over eight years.

Host: Bob Coleman, Founder, Coleman Publishing
He is the founder of Coleman Publishing, a publisher of newsletters, reports, data, conferences, webinars, online training videos — to help finance professionals become small business lending experts.
Bob is the nationally recognized expert on small business financing. He has appeared frequently on Fox Business News, NPR and other numerous media outlets. He is sourced by all print media. He is a frequent speaker about small business lending throughout the US and EU. Bob has a BA in Medieval History from the University of California Santa Barbara and a MBA in Real Estate Finance from the University of Southern California. Bob has earned numerous awards as a producer of events and video training. His passion is getting capital to Main Street and Rural American small business.

How the Webinar Works

We use Microsoft Teams as the webinar platform.
We will open the webinar for attendees to join at 1:30 pm ET. This will give each attendee thirty minutes before the webinar begins to troubleshoot any technical issues. Call 586-804-8775 if you need assistance.

Recording
All Coleman webinars are recorded and a link is sent to all attendees.

Single Site License
The single site license grants your institution one viewing of the webinar. It is permissible to use a single site license on one device in a conference room to be viewed by multiple attendees The webinar can be viewed on any device.

Multiple Site License
A multiple site license is an unlimited access pass for anyone at your institution. You will be given a link that will be usable to anyone with your email domain.

Webinar Links and Handouts
The webinar link will be included on your sales receipt.
The link will also be included when we send the presentation and handouts. These will be sent by eod the day before.

Participants Earn Certificates of Participation
All Coleman Webinar attendees will receive a certificate of participation. This documents your continuing education history for SBA and your regulators.

---

Questions
Questions throughout the webinar are strongly encouraged. There are two ways to ask a question. The first is to ask the question via the chat in Microsoft Teams. The second is to send an email to anna@colemanreport.com. Also, feel free to ask pre and post-webinar questions.

The Fine Print
1) Substitutions are allowed at no charge.
2) Cancellations receive a 100% credit for any Coleman product.
3) As with all our products, we offer a 100% money back satisfaction guarantee — no questions asked.

3 Easy Ways to Order
1) ONLINE — Register and pay online via Stripe
2) EMAIL –Send an email to cindy@colemanreport.com with “Webinar Registration” in the Subject Line. We will do all the paperwork and either send you a sales receipt or an invoice.
3) PHONE — Call us at 818-790-4591.

Bob Coleman
Founder & Publisher