What you Need to Know about SBA’s New SOP 50 10 5(K)

The major rewrite of SBA’s Standard Operating Procedure includes numerous changes to SBA’s 7(a) and 504 lending programs effective April 1.

Coleman webinar instructor and former SBA Deputy Director of the Little Rock Commercial Loan Center, Lance Sexton will review and walk you through all the changes in this professional, concise presentation.

Read More

Coleman Movers & Shakers — Michael Utterback, Savannah Allen, Debra Morack, David Sommers, Anastasia Williams, Yvonne Santos, Bill Hand, Matt Foster

February 14, 2019 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Michael Utterback, Savannah Allen, Debra Morack, David Sommers, Anastasia Williams, Yvonne Santos, Bill Hand, Matt Foster Michael Utterback Named VP, Loan Origination by SomerCor, Four Other Promoted “Mike’s experience across commercial banking, community development, special assets and SBA lending…

Read More

Main Street Monday — Decreased Revenues Reflect Decreased Optimism

February 11, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday — Decreased Revenues Reflect Decreased Optimism Stats reported from the first quarterly Wells Fargo/Gallup Small Business Index of 2019 show a decrease in small business owners optimism levels. The overall index score came in at 106, reflecting a decline of 23…

Read More

Fraud Friday – Billion Dollar Fraudsters Get Additional Charges

February 8, 2019 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday – Billion Dollar Fraudsters Get Additional Charges Federal prosecutors in Salt Lake City filed new charges against executives and two employees of an energy company over a fraudulent renewable tax credit scheme. A grand jury returned a second indictment against the CEO…

Read More

C-Suite Wednesday — The Diligent and Prudent Banker Small Business Lender Standard

February 6, 2019 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — The Diligent and Prudent Banker Small Business Lender Standard Down Under bank, Suncorp, is under fire for aggressively collecting five outstanding small business loans to the family of an Australian entrepreneur who died unexpectedly. The bank demanded the family sell the business to…

Read More

SBA Hot Topic Tuesday — SBA 7(a) and 504 Post Shutdown Q&A

February 5, 2019 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA 7(a) and 504 Post Shutdown Q&A The following Q&A has been edited for clarity. Here is the original notice issued last week. SBA 7(a) Interim Loans Q: Can a 7(a) Lender provide an interim loan during an SBA…

Read More

Main Street Monday – Survey Results Reveal Small Business Optimism Levels Remain Virtually Unchanged

February 4, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Survey Results Reveal Small Business Optimism Levels Remain Virtually Unchanged December 2018 Small Business Optimism Index survey results released by the NFIB Research Foundation highlights include: Capital Holding steady from last month, 61% of small business owners report capital outlays.…

Read More