Posts Tagged ‘Bob Coleman’
Fraud Friday — 3 Years for Missouri Banker in SBA $4.2 Million Loan Fraud
July 29, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — 3 Years for Missouri Banker in SBA $4.2 Million Loan Fraud Today’s fraudster signed a version of SBA Form 1920, certifying “the above information is true and correct.” for a 7(a) loan. But, he knew it wasn’t true and correct. “This SBA application…
Read MoreC-Suite Wednesday — 81% of Main Street Optimistic, 49% to Increase Profits
July 27, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — 81% of Main Street Optimistic, 49% to Increase Profits Says the second annual Bank of the West Small Business Growth Survey. Here are some of the financial highlights: Outlook for the next 12 months — 81% positive Outlook on the economy for the…
Read MoreColeman’s Movers and Shakers — Crestmark Promotes Chris Soupal to National Sales Director’s Post, SBA Division
July 14, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Crestmark Promotes Chris Soupal to National Sales Director’s Post, SBA Division “I am pleased to announce the promotion of Christopher Soupal to senior vice president of our SBA Division. Since joining Crestmark, Chris quickly earned the respect of peers, management, and industry contacts for…
Read MoreSBA Hot Topic Tuesday — PayPal Tops $2 Billion in Small Business Lending
July 12, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — PayPal Tops $2 Billion in Small Business Lending Your competition offers a five minute application, an immediate decision, and funds deposited into the small business checking account the next day. Most of you know, I’ve borrowed money from PayPal’s…
Read MoreFraud Friday — Former Community Bank President Faces Life in Prison after Guilty Verdicts
July 8, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former Community Bank President Faces Life in Prison after Guilty Verdicts Paul Doughty’s ten fraud guilty verdicts by an Oklahoma federal jury has the 67-year old community banker facing life in prison. First State Bank of Altus was seized by regulators during the…
Read MoreC-Suite Wednesday — American Express Enters FinTech Small Business Lending Market
July 6, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — American Express Enters FinTech Small Business Lending Market Looking to replace the revenue stream with the termination of its exclusive Costco credit card processing partnership, AmEx is eyeing the small business lending market. AmEx’s venture, Working Capital Terms, will approve loans in minutes…
Read MoreColeman’s Movers and Shakers
June 30, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Guaranty Bank Announces the Hiring of New Chief Lending Officer H. Charles Puls“Charley has an extensive background in community bank management and commercial lending and will be an excellent addition to our executive team. Eric and Micah are experts in their respective lending fields,…
Read MoreFraud Friday — Valor Federal Credit Union ex-CEO Pleads Guilty to Stealing $718,000 and Impersonating Board Members
June 23, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Valor Federal Credit Union ex-CEO Pleads Guilty to Stealing $718,000 and Impersonating Board Members Pennsylvania-based Valor Credit Union’s former CEO has pled guilty to two counts of bank fraud. Sean Jelen says he stole $718,000 for his wife’s birthday party, a bunch of…
Read MoreColeman’s Movers & Shakers — David Nayor Joins 44 Capital
June 23, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers & Shakers — David Nayor Joins 44 Capital David Nayor Named First Vice President of 44 Business Capital “As a division of Berkshire Bank, 44 Business Capital will continue to leverage our staff’s national experience to build out an exceptional SBA lending…
Read MoreSBA Hot Topic Tuesday — SBA 7(a) Secondary Market Quotes
June 21, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday Maturity Price Gross Margin Service Fees Net Margin Prime Rate 8 Yrs. 109.75000 2.750% 1.0000% 0.5980% 1.1520% 3.50% 10 Yrs. 113.70000 2.750% 1.0000% 0.5980% 1.1520% 3.50% 15 Yrs. 114.00000 2.750% 1.0000% 0.5980% 1.1520% 3.50% 20 Yrs. 116.12500 2.750% 1.0000% 0.5980% 1.1520% 3.50% 25 Yrs.…
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