Posts Tagged ‘Bob Coleman’
Fraud Friday – Billings Man Indicted for Defrauding Canadian Bank
May 10, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – Billings Man Indicted for Defrauding Canadian Bank A Montana businessman was indicted for bank fraud for allegedly inducing a Canadian Bank to loan him more than $40 million based on phony loan documents. Todd Capser, 47, of Billings, was arrested May…
Read MoreColeman Report Update! — Debra Nesbitt, SBA Construction Financing, Refinancing Interim Construction Debt, Mathew Mapes, Susy Granger
May 9, 2019 By Bob Coleman Executive Producer, Coleman Report Update! This week’s topics: Debra Nesbitt, Puerto Rico Rural Business Summit SBA Construction Financing Refinancing Interim Construction Debt Mathew Mapes, 2019 Coleman SBA BDO Winner Susy Granger, Providing Equity from Borrower 401K
Read MoreMain Street Monday – Small Business Owners Optimism Down Slightly
May 6, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Small Business Owners Optimism Down Slightly In the semi-annual survey of small business owners released by Bank of America, it indicates a slight decline in optimism levels. Of 1,504 small business owners surveyed, here are the stats: 48% predicted the…
Read MoreFraud Friday – Ex Credit Union CEO Pleads Guilty to Fraud
May 3, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – Ex Credit Union CEO Pleads Guilty to Fraud The former CEO of a Minnesota credit union who was accused of stealing more than $10 million, pleaded guilty to stealing at least $2.5 million after a five-year investigation by the FBI. Margurite…
Read MoreSBA Hot Topic Tuesday — Lenders No Longer Can Approve Changes in Ownership for 12 Months After Final Disbursement
April 30, 2019 By Bob Coleman Editor, Main Street Monday SBA Hot Topic Tuesday — Lenders No Longer Can Approve Changes in Ownership for 12 Months After Final Disbursement SBA Lenders may no longer unilaterally approve any adjustment to or change in the ownership of a Borrower, including a change in percentage of ownership, for…
Read MoreMain Street Monday – Small Business Owners Cautiously Optimistic About Economy
April 29, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Small Business Owners Cautiously Optimistic About Economy The release of the latest economic forecasts and surveys to date indicate that while small business owners remain optimistic about the economy, they are cautiously optimistic. The buzz word is “conservative” in terms…
Read MoreMain Street Monday — Recession Rumors Gaining Momentum
April 22, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday — Recession Rumors Gaining Momentum For the last few months, it’s been a wild ride for Main Street. According to the latest CNBC/SurveyMonkey Small Business Survey, it reflects about 53% of small business owners fear a recession is ahead. Due to…
Read MoreFraud Friday — Nik Patel’s 25-Year Fraud Sentence Upheld
April 19, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — Nik Patel’s 25-Year Fraud Sentence Upheld The 7th U.S. Circuit Court of Appeals has rejected a bid to reduce the 25-year sentence of the founder of a failed Orlando non-bank lender for his role in defrauding a Milwaukee investment firm of $179 million…
Read MoreSBA Hot Topic Tuesday — Top Seven Risk Management Considerations from the Latest SBA SOP 50 10 5 (K) Updates
April 16, 2019 By Janet Annan and Joseph Bonin Partner Engineering Contributors, SBA Hot Topic Tuesday Top Seven Risk Management Considerations from the Latest SBA SOP 50 10 5 (K) Updates The SBA recently released its new SOP 50 10 5(K) policy, which becomes effective April 1, 2019. The new guidance and updated changes will…
Read MoreMain Street Monday – Small Business Optimism Levels Power Through Challenges; Remain Strong
April 15, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Small Business Optimism Levels Power Through Challenges; Remain Strong “Small business owners continue to create jobs, expand their operations, and are enjoying strong sales,” says NFIB President and CEO Juanita Duggan. “Since Congress resolved the shutdown, uncertainty has declined as…
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