Bob Coleman | Coleman Report

June 26, 2019 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — America West, Wrap Up Reports, OCC & SBA, Suzy Granger of DRDA

June 24, 2019 By Bob Coleman Editor, Main Street Monday Main Street Monday – SBA Appoints Two New Senior Executives, Deputy District Director The SBA recently announced new appointments: George Koklanaris has been appointed as the Associate Administrator for the Office of Small Business Development Centers. Koklanaris will oversee the SBA’s Small Business Development Centers…

June 21, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Small Business Loan Brokers Indicted for $2 Million Fraud A New York man along with seven others, have been indicted and charged with running a fraud ring that bilked 35 small-business owners out of more than $2 million in advance fees…

June 20, 2019 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Rob Anderson, Mike Devito, Marcia McGavish, Robert Kieke, Carly Simon “We are very excited that Rob has decided to bring his varied skill set and experience to Seacoast Commerce Bank and are confident that his skills, expertise and consultative…

June 14, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — SBA Loan Broker Jailed for 9 Years in $100 Million 7(a) Loan Fraud “Our financial system is based on trust,” says U.S. Attorney Robert K. Hur. “Loren Park and his co-conspirators lied during every aspect of the loan process, cheating taxpayers and lenders,…

June 12, 2019 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — Splitting Loans, Puerto Rico Main Street Recovery This week’s topics: -Splitting Loans -Trae Dorough, Executive Vice President, Touchmark Bank -Omar Marrero, Executive Director, Puerto Rico Public-Private Partnerships Authority -Rodrigo Masses, President, Puerto Rico Manufacturers Association

June 11, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA 7(a) Fees Exceed Guaranty Payments to Lenders by Over $1 Billion the Last 4 Years I want to start an industry-wide discussion about SBA’s budget. The problem is the Administration has inserted a $99 million line-item in SBA’s…

June 10, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – SBA Announces Fifth Annual Growth Accelerator Fund Competition The U.S. Small Business Administration announced its fifth annual Growth Accelerator Fund Competition. The SBA will award 60 organizations that provide small businesses with opportunities such as securing venture capital, business plan…

June 7, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Ex-Mirae Bank Executive Sentenced to 70 Months in Prison for Loan Fraud The former chief marketing officer of the now-shuttered Mirae Bank will spend nearly six years in federal prison for participating in a loan fraud scheme that led to more…

June 6, 2019 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — James DeSantis, Stephanie Schwandt, Capital Bank/First Tennessee Bank James DeSantis Named Director of Credit Operations for Newtek Barry Sloane, Chief Executive Officer, says, “As we are growing our BDC and portfolio company lending programs – SBA 7(a), SBA 504,…