Posts by Coleman Report

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.…

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…

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…

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.…

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…

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…

May 7, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — 71% Say Their Business Improved Last Year According to the Spring 2018 Wells Fargo/Gallup Small Business Index report. “Small business optimism and overall confidence in the economy remains high, largely due to an increase in sales and revenues, which suggest demand…

May 4, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Nik Patel’s Partner Gets 10 Years in Jail Wanna-be movie producer and photoshop document creator extraordinaire, Timothy Fisher will spending a decade of his life in jail. “The defendant’s dishonesty was not a single lapse of judgment, but rather, involved years of significant…