August 28, 2014
By Bob Coleman
Editor, Coleman Report
Heather Endersen Named SVP of SBA Lending for Banc of California
“Banc of California is committed to building the top full-service bank serving California’s diverse private businesses, entrepreneurs, and homeowners, and to investing in and growing complementary
businesses that enhance shareholder value and serve as a source of strength to the bank. The SBA business is a perfect fit with this dynamic organization, and I look forward to focusing on our strengths in business acquisition lending and owner-occupied CRE lending,” says Heather.
Says Regional Admin Natalia Olson-Urtecho, “She brings leadership, entrepreneurship and interpersonal communication skills to a region that is rich in resources, education and strong work ethics. Pittsburgh often is showcased by national and international news media outlets for its many success stories and I expect that trend to continue under District Director Hunt.” Read More
“We are thrilled to announce that Alan Schwab and Edward Cleveland have joined MultiFunding as Directors of Small Business Lending. These gentlemen bring a wealth of experience in the small-business lending arena, and will help us to expand our reach across the country. Alan is based in Dallas, TX while Edward will concentrate on DE, MD, and DC.
“As our team grows, we remain committed to bringing transparency to small-business lending. In my recent Wall Street Journal column, I talk about transparency in the industry. We are continuing our commitment to small-businesses across the country as we get ready to launch a new tool powered by MultiFunding. This tool will help consumers navigate the short-term, on-line lending landscape. Look for a press release in the coming weeks launching this helpful tool,” says Founder Ami Kassar. Read More
Bon Wikenheiser in as new University Wisconsin SBDC Director
“She brings tremendous leadership and an excellent SBDC performance track record from her state director role in North Dakota,” says Mark Lange, executive director of the UW-Extension entrepreneurship and economic development unit.
Lange said Wikenheiser, who has been in charge of a 17-office network as state director of the North Dakota Small Business Development Center, “has engaged business, government and higher education leaders in her state to ensure significant impacts from federal, state and local investments in the SBDC program.” Read More
Study: 44% of All Small Business Loan Applications are Completed In-Person
A Northwestern University’s Kellogg School of Management’s Experiential Learning Initiative on the behaviors of small business owners when looking for financing found 44% of all loan applications were completed in-person, making the human element even more relevant. And while many alternative lenders focus strictly on online marketing methods to reach new customers, the report’s analysis shows that:
– Most owners show a strong preference for a personal interaction;
– User-friendly web sites aid conversion, but don’t influence lender choice; and
– Small business owners are more likely to use the first lender they meet.
Watch a short interview with Bob Coleman and David Gilbert, CEO & Founder of National Funding
Upcoming Small Business Lending Conferences
Build Northeast Conference, September 7-9, Worcester, MA
ASBDC Annual Conference, September 9-12, Grapevine, TX
SBA International Trade West Coast Roundtable, September 17, Los Angeles
Florida Small Business Lenders Conference, September 17-19, Orlando
Innovative Finance Delivery for Small Business, September 23-24, Las Vegas
Boefly Franchise Lending Spotlight Conference, October 1, Philadelphia
NAGGL 2014 Annual Meeting, October 28-30, Huntington Beach
American Banker/RMA Small Business Banking Conference, November 19-21, Miami
Coleman’s 7th Annual SBA Secondary Market Forum, December 2, Washington D.C.
Coleman’s 15th Annual Rural Lender’s Roundtable, December 3, Washington D.C.
2015 Southeastern Small Business Lenders Conference, February 23-25, Location TBA