Posts Tagged ‘Feedback Friday’
Feedback Friday — SBA Form 159 Signed at Initial Disbursement is Compliant for your Review
May 22, 2015 By Bob Coleman Editor, Feedback Friday A Feedback Friday question to Coleman faculty instructor, Lance Sexton: The Bank is paying a referral fee to the broker but the broker has not signed the 159 compensation form. Do we need this document prior to closing and funding? The broker fee will be paid…
Read MoreFeedback Friday — Bloomberg Hit Piece, Alternative Lending APRs.
May 15, 2015 By Bob Coleman Editor, Feedback Friday Patrick, Patrick Patrick. Your Bloomberg hit piece about SBA franchising lending yesterday is, well a hit piece. As I said in my conversation with you for your article, banks and borrowers cover loan losses through the fees they pay to SBA. Borrowers pay an upfront loan…
Read MoreFeedback Friday — SBA Life Insurance Documentation and Landlord waiver
May 8, 2015 By Bob Coleman Editor, Feedback Friday Two questions this week, both from Coleman Certified Training Students for Coleman Faculty Instructor Lance Sexton The first is to Coleman faculty instructor Lance Sexton from his Loan Closing Training. Hi Lance – I do have one other question regarding Life Insurance. We obtain the Policy,…
Read MoreFeedback Friday — The SBA Loan Broker Discussion, Mark Feathers to Sue SBA and the SBLC List
May 1, 2015 By Bob Coleman Editor, Feedback Friday Several lenders said they were shocked about Pacific Mercantile Bank’s decision to end accepting SBA loans from loan brokers and laying off their 15-person SBA loan department. Two lenders said that was forcing them to rethink their strategy of accepting loan broker referrals for SBA loans.…
Read MoreFeedback Friday — The Spike in SBA 7(a) Loan Charge-Offs
April 17, 2015 By Bob Coleman Editor, Feedback Friday SBA 7(a) Loan Workout Guru Timothy Yentsch of Rhode Island’s Independence Bank writes with an explanation of the uptick in SBA 7(a) charge-off rates. He says . . . . . SBA has begun to rapidly catch up on charge offs after They hired more people…
Read MoreColeman Feedback Friday — More on $15 Hourly Restaurant Wages and Questioning SBA Loan Charge-Offs
By Bob Coleman Editor, Feedback Friday My coverage of the increase in Seattle’s minimum brought this response from Northwest Business Development Association’s Elizabeth Rusnak. Restaurants Adapting to New Minimum Wage Laws in Seattle Hello Bob, I live in the Seattle area, and have been anxiously awaiting to see how the restaurants were going to react…
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