Posts by Coleman Report
Coleman Report Update! — Linda McMahon on Forest Lake Drapery, State of Small Business, SBA New Ad, Paypal Small Business Lending, SBA National Person of the Year
May 18, 2018 By Bob Coleman Editor, Coleman Report Update! Coleman Report Update! — Linda McMahon on Forest Lake Drapery, State of Small Business, SBA New Ad, Paypal Small Business Lending, SBA National Person of the Year Previous Coleman Report Updates!: May 9, 2018 — Coleman Report Update! — SBA Phoenix Award Winner , 3…
Read MoreColeman Movers & Shakers — Zach Renta, Coleman Receives Industry Awards
May 17, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Zach Renta, Coleman Receives Industry Awards Zach Renta Promoted to Senior Vice President of Alliance Capital “We are extremely proud of the work and contribution Zach has made to the Birmingham Business Community in just a few short years”,…
Read MoreC-Suite Wednesday — PayPal is a Serious Small Business Lender
May 16, 2018 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — PayPal is a Serious Small Business Lender Paypal, Amazon and Alibaba pose more of a threat to traditional lenders than the Fintech industry. As Fintech ebbs and flows, these high tech giants are starting to put up some serious small business lending numbers.…
Read MoreCORRECTED: SBA Hot Topic Tuesday — OIG Estimates $28 Million in Improper 7(a) Guaranty Purchases in FY17
May 15, 2018 CORRECTED: SBA Hot Topic Tuesday — OIG Estimates $28 Million in Improper 7(a) Guaranty Purchases in FY17 This corrected version corrects an embarrassing typo highlighted below. By Bob Coleman Editor, SBA Hot Topic Tuesday Last year SBA purchased $661 million in 7(a) guaranties from lenders. OIG estimates 4.3% of purchases were “improper”…
Read MoreMain Street Monday — Main Street Earnings at Historic Highs, 50% Don’t Need Credit
May 14, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Main Street Earnings at Historic Highs, 50% Don’t Need Credit From the April 2018 Small Business Economic Trend Report: CREDIT MARKETS Thirty-two percent reported all credit needs met (up 1 point), and 50 percent said they were not interested in a…
Read MoreFraud Friday — Four Wilmington Trust Bankers Convicted
May 11, 2018 Fraud Friday — Four Wilmington Trust Bankers Convicted By Bob Coleman Editor, Fraud Friday Officials at Wilmington Trust were convicted of fraud, conspiracy, and making false statements to federal regulators as a result of the bank’s practice of “waiving” matured loans from reporting requirements as current for interest, resulting in artificially low…
Read MoreColeman Movers & Shakers — Matthew Cloutier, Eddie Tuvin
May 10, 2018 Coleman Movers & Shakers — Matthew Cloutier, Eddie Tuvin By Bob Coleman Editor, Movers & Shakers Matthew Cloutier joins Countybank as VP, SBA Business Development Officer “We are proud to welcome Matthew to Countybank in a position of leadership,” says Paul Pickhardt, Senior Vice President, SBA Lending Manager at South Carolina-based Countybank.…
Read MoreC-Suite Wednesday — New SBA Logo and Decals Effective May 1
May 9, 2018 C-Suite Wednesday — New SBA Logo and Decals Effective May 1 By Bob Coleman Editor, C-Suite Wednesday 7(a) lenders using SBA logo window decals at their locations will need to replace them with new decals as of May 1st. This change is necessary due to the agency’s recently announced new logo. New…
Read MoreColeman Report Update! — SBA Phoenix Award Winner , 3 Brothers Bakery, SBA Hemp Industry Lending, SBA Portfolio Reviews, Dan’s RV Sales
May 9, 2018 By Bob Coleman Editor, Coleman Report Update! Coleman Report Update! — SBA Phoenix Award Winner , 3 Brothers Bakery, SBA Hemp Industry Lending, SBA Portfolio Reviews, Dan’s RV Sales Previous Coleman Report Updates!: May 2, 2018 — Linda McMahon Keynotes America West, Marijuana Business SBA Financing, Credit Elsewhere Test for Servicing Actions…
Read MoreSBA Hot Topic Tuesday — 47% Say SBA 504 Loan Program Unmanageable
May 8, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — 47% Say SBA 504 Loan Program Unmanageable From Our National 504 Day Survey Results 47% Say SBA Regulations are making it unmanageable, up from 41% in January. 52% Say Credit Elsewhere remains a severe detriment, down from 60% in…
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