Posts Tagged ‘Coleman Report’
Main Street Monday – SBA Appoints Two New Senior Executives, Deputy District Director
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…
Read MoreFraud Friday — Small Business Loan Brokers Indicted for $2 Million Fraud
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…
Read MoreColeman Movers & Shakers — Rob Anderson, Mike Devito, Marcia McGavish, Robert Kieke, Carly Simon
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…
Read MoreFraud Friday — SBA Loan Broker Jailed for 9 Years in $100 Million 7(a) Loan Fraud
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,…
Read MoreColeman Report Update! — Splitting Loans, Puerto Rico Main Street Recovery
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
Read MoreSBA Hot Topic Tuesday — SBA 7(a) Fees Exceed Guaranty Payments to Lenders by Over $1 Billion the Last 4 Years
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…
Read MoreMain Street Monday – SBA Announces Fifth Annual Growth Accelerator Fund Competition
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…
Read MoreColeman Movers & Shakers — James DeSantis, Stephanie Schwandt, Capital Bank/First Tennessee Bank
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,…
Read MoreColeman Report Update! — Small Business Delinquencies, Portfolio Monitoring, Revised SBA Form 1050, Kathleen Kelly, Barbara Arena
June 5, 2019 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — Small Business Delinquencies, Portfolio Monitoring, Revised SBA Form 1050, Kathleen Kelly, Barbara Arena This weeks topics: – Small Business Delinquencies – Portfolio Monitoring – Revised Form 1050 – Kathleen Kelly, Senior Vice President, Webster Bank – Barbara Arena, Vice President,…
Read MoreFraud Friday — Noah Bank CEO Arrested for SBA Loan Fraud
May 31, 2019 By Bob Coleman Editor, Fraud Friday Fraud Friday — Noah Bank CEO Arrested for SBA Loan Fraud U.S. Attorney Geoffrey S. Berman says this past Wednesday, “Edward Shin, the CEO of a Pennsylvania bank, allegedly exploited his position as a bank officer to illegally issue Small Business Administration loans to entities in…
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