March 6, 2014
By Bob Coleman
Editor, Coleman Report
Ten Tab Format Mandatory for LCPC Submissions Effective March 1
A Takeaway from NADCO’s Government Relations Conference is SBA told the Coleman Report to remind lenders effective March 1st all GP submissions to the Loan Guaranty Processing Center in Citrus Heights must be in a ten-tab folder. Read SBA Procedural Notice 5000-1304
NADCO’s NextGen Initiative
Meet NADCO’s NextGen Team: Hilda Kennedy, President, AmPac Tri-State CDC & Giovanna Piovanetti, Esq., CPA, Executive President, Corporación para el Financiamiento Empresarial del Comercio y de las Comunidades (COFECC) & Hector DaCosta, Senior Vice President, Senior Loan Office, New Jersey Business Finance Corporation.
NADCO NextGen is a strategic initiative to prepare our industry for the future. The goal is to develop the next generation of industry leaders, increasing diversity and building business relationships with NextGen groups in related industries. NextGen is not an age range, but the philosophy that the sky is the limit for the future of 504.
Tom Hollinshead Opens Colorado Office for Seacoast Commerce Bank
“Tom is a great addition to our SBA Team. He is a very professional and experienced SBA and small business banker. Tom has advocated for small business throughout his career and has been an outstanding producer of SBA loans, specifically for the small business owners who wants to buy, construct, or expand their own facility,” says David H. Bartram, Executive Vice President/SBA Division Manager/Chief Operating Officer. Tom has over 27 years of SBA lending experience working with small businesses to facilitate the acquisition and development of their commercial real estate. His last 19 years have been in the greater Denver area.
Susan Kornberg Joins Bankwell in Connecticut
“We are extremely pleased to be adding Susan to our business lending team. With her extensive background in commercial lending, and specifically lending to small businesses for their commercial and industrial needs, she will be an exceptional resource for the bank and its customers,” says bank prez Heidi DeWyngaert. Susan joins the organization with more than 20 years in the financial and commercial loan industry, and will be responsible for developing commercial and industrial lending throughout Connecticut. Most recently, she was a senior lender at Connecticut Community Bank, where she managed a portfolio of small and middle market C&I relationships as well as commercial real estate. Her background also includes such disciplines as credit administration, loan workouts and debt restructure. Read More
Mark Steinberg Named SBA Specialist at KeyBank
Mark Steinberg was named SBA specialist in the Southwest Ohio district of KeyBank. Steinberg is responsible for SBA lending. Previously, he was in access business development and finance at Wells Fargo in Cincinnati. Read More
A Personal Note about Florida’s Rick Graham
By Tom Wallace
Growing up in New York City, it was not possible to be unfamiliar with the story of Lou Gehrig standing on the field of Yankee Stadium, saying that he was the “luckiest man on the face of this earth”. This despite having just been diagnosed with Amyotrophic Lateral Sclerosis (ALS), now widely referred to as “Lou Gehrig’s disease”.
Unfortunately, my familiarity did not end there. In 1989 my mother was diagnosed with ALS. Still today, as then, there is no cure. The disease is a fatal, progressive neuromuscular disease which takes an individual’s ability to walk, speak, swallow and finally breathe. Life expectancy is less than five years. The cost to care for someone suffering with ALS is staggering both financially and otherwise, as the person afflicted needs complete assistance as they lose the ability to move the entire musculature of their body.
Every ninety minutes a person in the U.S. is diagnosed with this disease, and unfortunately my familiarity has not ended. Rick Graham, a banker here in central Florida is both an old friend and a valued business partner for IDS. His words are more eloquent than any of mine could be: “Mindful of the forest, but focused on the trees!” This motto came to me soon after I was diagnosed. Our family was rocked in March 2012 when my wife, Jennifer, passed away after a 6-year battle with breast cancer. So there I was having a different yet just as serious talk with Duncan (15) and Maggie (11) about my/our potential future. This motto reminds us as a family to continue to strive for our dreams, yet focus on taking one day at a time with a positive mindset.”
In a few weeks, Rick, his family and friends, will be participating in the “Walk to Defeat ALS”. Gehrig’s speech ended, with him saying: “…I may have had a tough break, but I have an awful lot to live for.” In fact, we all have an awful lot to live for: the ability and the opportunity to make a difference. Any contribution is welcome and every contribution will help.
If you can, please follow the link below and join us in making the best of our luck to make a difference.
Click Here to Read More about Rick Graham’s Walk to Defeat ALS
Upcoming Small Business Lending Conferences
WPASGL Annual Quality Lender’s Conference, Seven Springs Mountain Resort, March 12
Franchise Times Franchise Finance & Growth Conference, Las Vegas, March 26-27
NADCO 2014 Annual Meeting, Colorado Springs, April 30 – May 3
NAGGL 2014 SBA Lending Technical Conference, Bonita Springs, May 6-8
Great Lakes Lenders Conference, Detroit, July 31 – August 1
Florida Small Business Lenders Conference, Orlando, September 17-19
NAGGL 2014 Annual Meeting, Huntington Beach October 28-30
Coleman’s 7th Annual SBA Secondary Market Forum, Washington D.C. December 2
Coleman’s 15th Annual Rural Lender’s Roundtable, Washington D.C. December 3