Posts Tagged ‘Mark Feathers’
Feedback 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 MoreFraud Friday — Business US Acquires Small Biz Capital’s SBLC License
April 10, 2015 By Bob Coleman Editor, Fraud Friday The Receiver of Small Business Capital, the non-bank lender seized by the SEC almost three years ago, has entered into an agreement to sell the license and assets to Business US. Stephanie Bitters is the Managing Director of the SBA loan program for Business US. Norris…
Read MoreSmall Business Capital’s Mark Feathers Indicted on 29 Counts of Fraud
November 14, 2014 By Bob Coleman Editor, Coleman Report Two and a half years after the SEC seized non-bank SBA lender Small Business Capital, the other shoe has dropped with a 29 count federal indictment filed against Mark Feathers. According to the indictment Feathers is named as the sole defendant in all counts, including 17…
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