Posts Tagged ‘Bob Coleman’
SBA Hot Topic Tuesday — Your Local Small Business Development Center is Main Street’s Best Kept Secret
September 8, 2015 By Bob Coleman Editor, Hot Topic Tuesday SBA Hot Topic Tuesday — Your Local Small Business Development Center is Main Street’s Best Kept Secret Who is credited with creating a new job every seven minutes, a new business every 33 minutes, $100,000 in sales every four minutes and access $100,00 in capital…
Read MoreFraud Friday — Bank COO Gets 8 Years for Hiding Loan Losses
September 4, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — Bank COO Gets 8 Years for Hiding Loan Losses On Wednesday, the former Chief Operating Officer of San Francisco-based United Commercial Bank, Ebrahim Shabudin was sentenced to 97 months in prison. He was found guilty on seven counts of bank fraud after a…
Read MoreColeman Movers and Shakers — 8 Tickets Remain for Florida SBA Conference
September 3, 2015 By Bob Coleman Editor, Movers and Shakers Coleman Movers and Shakers — 8 Tickets Remain for Florida SBA Conference Lance Sexton Joins Legacy Bank as Senior Vice President “ I am excited to be a part of a team that is committed to being a leader in small business banking in this…
Read MoreC-Suite Wednesday — SBA One FAQs
September 2, 2015 By Bob Coleman Editor, C-Suite The Mid-America conference in Dallas concludes today, attracting 450 SBA lending professionals. The roll out of SBA One continues to be the hot topic for SBA lenders. Here are the FAQs: 1. In what order will SBA One functionality be rolled-out? SBA is committed to roll-out functionality…
Read MoreCPR Report: Prepays Back Down to 7%
September 1, 2015 By Bob Judge Editor, The CPR Report In June, prepays moved back down toward 7% after one month above 8%. The make-up of the drop was a large percentage fall in the default CPR combined with a smaller decrease in the prepayment element. Defaults fell by 58%, staying below 2% for the…
Read MoreFraud Friday Special Report — SBA, DOJ Announce Settlement with Frank Dinsmore, EDF Resource Capital for $6 Million
August 28, 2015 Fraud Friday Special Report — SBA, DOJ Announce Settlement with Frank Dinsmore, EDF Resource Capital for $6 Million EDF RESOURCE CAPITAL INC. AND CEO TO PAY $6 MILLION FOR ALLEGED VIOLATIONS RELATED TO SMALL BUSINESS ADMININSTRATION LOAN PROGRAM WASHINGTON – EDF Resource Capital Inc. and its CEO, Frank Dinsmore, have agreed to…
Read MoreFraud Friday — The Stolen Valor, Photoshopped Bank Fraud Criminal gets 33 Months
August 28, 2015 By Bob Coleman Editor, Fraud Friday Convicted of bank fraud and claiming fake military medals, Charles Bailey previously told Newburyport Five Cent Savings Bank he had served with the Marine Corps in Afghanistan and Iraq for nine years, receiving a Silver Star, a Purple Heart and a Combat Action Ribbon. He lied…
Read MoreColeman Movers & Shakers
August 27, 2015 John Coad Named SBA National Sales Manager for Wells Fargo “I am happy to welcome John to the SBA Lending team, and to Wells Fargo,” says head of Wells Fargo SBA lending Donna Serres. “With a proven track record and exceptional sales and management experience, I know he will be instrumental in…
Read MoreCollateral: It’s Not Just What You Do, But How You Do It
August 10, 2015 Walter McLaughlin Coleman Report Contributor Senior Vice President Banner Bank Ever heard the phrase, “It’s not just what you do, but how you do it?” Although the first part is definitely important in SBA lending, the second keeps your guaranty in good shape in the event of a repurchase. Consider the issue…
Read MoreSBA Hot Topic Tuesday — What Are You Thinking? The Importance of Good Memo Writing
August 4, 2015 Walter McLaughlin Coleman Report Contributor Senior Vice President Banner Bank SBA Hot Topic Tuesday — What Are You Thinking? The Importance of Good Memo Writing Consider SBA to be your governmental spouse. Like yours, they want to understand your thoughts, interpretations and decisions. This is especially so when working with the LGPC…
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