Posts Tagged ‘Coleman Report’

March 20, 2013 By Bob Coleman Editor, Coleman Report Gina Rodgers, Manager of Training & Personnel Development, banc-serv PARTNERS, LLC gives us the top ten reasons GP loans get screened out. 1. Repayment ability not demonstrated 2. Not pledging adequate available collateral 3. Line of Credit information 4. 912 information lacking/incomplete 5. Lack of Affiliate…

March 19, 2013 House Small Business Leaders Announce Support of SBA 504 Refinance NADCO continues to gain traction in Congress in its fight to get the SBA 504 refinance ball rolling again. The latest supporters in the House include Wisconsin Republican Tom Petri and California Democrat Judy Chu. They join Georgia Republican Johnny Isakson and…

March 19, 2013 By Bob Coleman Editor, Coleman Report Joel Libava annoints himself “The Franchise King” as he pairs franchisees with franchisors. He also writes articles such as today’s about the “dirties, slimiest and most disgusting” franchise opportunities – Maid Brigade, Steamatic, AdvantaClean, 360Clean, Superior Wash and Bio-One, Inc. Bio-One is particularly gruesome calling itself…

March 18, 2013 By Bob Coleman Editor, Coleman Report To balance the shocking banking news out of Cyprus and the EU, there is the good news that Kiva has announced it’s passed the one-million borrower mark – to the tune of $400 million. Kiva.org is the non profit micro lender that has also teamed with…

March 18, 2013 By Bob Coleman Editor, Coleman Report Last October, Ireland created an SBA style, 75% government guaranteed loan program. Check out these fascinating stats: Six loans for €582,000 have been approved creating 33 and retaining 5 jobs. The amount of the program is €150 million per year for three yers. Program losses are…

March 15, 2013 By Bob Coleman Editor, Coleman Report A Micro Lending Option With Noah Breslow, Chief Executive Officer, On Deck Capital We sat down with Noah Breslow, CEO, On Deck Capital, and discussed alternative and micro-lending. Bob Coleman: Noah Breslow, On Deck Capital out of New York. Noah welcome. Noah Breslow: Thanks so much…

March 15, 2013 By Bob Coleman Editor, Coleman Report SBA OIG nabbed two fraudsters in their February report. The first was found guilty of bank fraud in connection with a $1.7 million SBA 7(a) loan. He provided false and fictitious loan application documents, invoices, and additional supporting documents to a bank and the SBA in…

March 14, 2013 By Bob Coleman Editor, Coleman Report   The Senate Small Business and Entrepreneurship Committee held a roundtable this morning on small business access to capital and disaster recovery. New NADCO CEO Beth Solomon urged the Senators to extend the SBA 504 refinance program. Beth said, “While Congress may be divided on many…

March 14, 2013 Best Practices: Navigating the Updated SBA Franchise Registry By: Lynn G. Zeitlin, Esquire Starfield & Smith, P.C. There are important changes to the SBA Franchise Registry maintained by FRANdata that every SBA lender needs to know. Some will make the lenders job easier and some may generate confusion until lenders become experienced…