Posts by Coleman Report

November 7, 2018 By Dominic J Bartolone Contributing Editor, C-Suite Wednesday C-Suite Wednesday – National Entrepreneurship Month November 20th is National Entrepreneurship Day, and we thought it’s only fitting that we offer a few insights about small businesses and provide a recap of how SMBs are contributing to job growth and job creation in the…

November 6, 2018 By Mary Miller Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — 76% Disagree with SBA Proposed Personal Resource Test There were a total of 141 survey participants in last week’s poll regarding the SBA’s proposed changes. Survey participants were broken down into the following groups: SBA Lender/CDC 48% SBA…

November 5, 2018 By Bob Coleman Editor, Main Street Monday MAIN STREET MONDAY — SBA Veterans Advantage Lending With next Monday’s Veteran’s Day I thought it would be appropriate to review SBA’s lending programs for veterans. SBA (7a) loans require an up-front guaranty fee. But for veterans, the fee for SBA Veterans Advantage loans less…

November 2, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Community Bank CEO Indicted for Turning Loans into Bank Capital, Pocketing Fee During the Great Recession New Jersey-based First State Bank needed capital. Former CEO, Joseph Natale and an investment adviser concocted a scheme of turning a $7 million loan into bank capital…

November 1, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — SBA Secondary Market Summit, Rural Lenders Roundtable Offer Post-Election Analysis, Networking Opportunities 11th Annual 2018 SBA Secondary Market Summit, Tuesday, December 4, Washington DC Senate Small Business Committee Chairman James Risch Confirmed as 2018 SBA Secondary Market Summit Speaker…

October 30, 2018 SBA Hot Topic Tuesday — Offer your Feedback on SBA’s Proposed Rule Changes By Bob Coleman Editor, SBA Hot Topic Tuesday Create your own user feedback survey Take our poll. https://www.surveymonkey.com/r/DQS6QKC The key topics for SBA lenders include reinstatement of the personal resource test, limiting lender and agents fees, and changes to…

October 30, 2018 CPR Report: SBA 7(a) Actual Prepays Above 18% By Bob Judge Editor, CPR Report In September, total prepays, including paid excess principal (ACPR), came in at 18.85%, an 11% increase from last month’s reading of 16.92%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came in…

October 29, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Small Biz Lending Demand Increases, Credit Conditions Stable Small business lending continued its blistering pace in August, according to the latest Strategic Insights Report from PayNet The Thomson Reuters / PayNet Small Business Lending Index shows originations increased 7% from 145.1…