Posts Tagged ‘Bob Coleman’

October 21, 2013 By Bob Coleman Editor, Coleman Report He did that, and also booked a fraudulent loan and bought a little gold. In September 2011, he took a bank cashier’s check for $28,650 and bought 15 gold coins from the Ozark Coin Company. Guessing the scheme was going well, he followed up with 9…

October 21, 2013 By Bob Coleman Editor, Coleman Report Is a Backlog of 700 SBA 7(a) Loan Applications Good News? Yes it is! SBA employees are back from furlough and are committed to lenders and Main Street says SBA Acting Administrator Jeanne Hulit in a blog post. She writes, “The federal government has re-opened and…

October 18, 2013 By Bob Coleman Editor, Coleman Report Reports the Killeen Daily Herald “The former president of a local bank branch could face up to 30 years in prison after pleading guilty to bank fraud. Randall W. Havens was convicted Thursday in federal court in Waco. Havens worked as president of the Killeen branch…

October 17, 2013 By Bob Coleman Editor, Coleman Report Seacoast Commerce Bank Surpasses $500 Million in SBA Loan Fundings Seacoast Commerce Bank has surpassed $500 million in SBA loan funding since the inception of its SBA lending department four years ago. David Bartram, Chief Operating Officer and SBA Division Manager commented, “We launched the SBA…

October 16, 2013 Bob Coleman: We’re talking with Bob Bielinski, CIT, the Managing Director of the restaurant and retail sector. Bob, thank you for joining us. Bob Bielinski: Bob, happy to be here. Thanks for having me. Bob Coleman: Bob, you and I’ve known each other for awhile and your specialty is telling lenders, telling…

October 16, 2013 By Bob Judge Editor, CPR Report In August, prepays crested 8% for the first time since July 2010. For August, both defaults and voluntary prepayments rose, pushing overall CPRs to levels not seen since prior to the credit crisis. As for the detail, overall prepayments rose 21.17% to 8.83% from 7.29% in…

October 14, 2013 By Scottt Suttell Crain’s Cleveland Business Citing a report from BizBuySell.com,1,685 small business transactions were closed nationwide in the third quarter, a 42% increase from 1,189 in the third quarter of 2012. BizBuySell is an online marketplace designed to facilitate small business sales. “In 2013, it appears that the (market) conditions are…

October 14, 2013 By Bob Coleman Editor, Coleman Report A seminar hustler who promised easy money to Main Street has pled guilty to bank fraud. “Discover how to get $100k to $1 Million in business lines of credit,” screams the top banner on his website. http://www.creditlinemillionaire.com/ A tracking thermometer brags $7.5 million has been acquired…

October 11, 2013 By Bob Coleman Editor, Coleman Report Reads the indictment, “….repeatedly approved loans for a number of individuals and related business entities, in violation of the Bank’s policies and procedures, and contrary to sound lending practices.” A West Virginia small business banker did the following says a Grand Jury; a) Approved loans to…