Posts by Coleman Report
Main Street Monday — Harvest Small Business Announces Management Team for 7(a) License Bought from Mark Feathers’ Court-Appointed Receiver.
June 6, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Harvest Small Business Announces Management Team for 7(a) License Bought from Mark Feathers’ Court-Appointed Receiver. Co-Managers Todd Massas and Adam Seery have joined the senior management team at Harvest as Managing Directors, and will jointly oversee sales, originations, and strategic portfolio…
Read MoreColeman’s Movers and Shakers
June 3, 2016 By Bob Coleman Editor, Movers and Shakers Diane Gallion Hired as National Director of Government-Guaranteed Lending at Radius Bank In addition to the Chicago team, Radius has new small-business lending personnel in Pennsylvania, Florida, Colorado and Arizona. “We think the community bank today doesn’t have to be confined to the community it…
Read MoreIndustry Comments Overwhelmingly Slam SBA Oversight Bill
June 2, 2016 By BoB Coleman Editor, Coleman Report Industry Comments Overwhelmingly Slam SBA Oversight Bill Final Survey Results (162 participants) Do you support the bill as presented? Yes — 13% No — 87% Assume SBA’s 7(a) oversight fee increase is a fait accompli to the industry. How should it be paid for? Premium Split…
Read MoreC-Suite Wednesday — SBA OIG Targets Live Oak Bank’s Poultry SBA 7(a) Lending
June 1, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA OIG Targets Live Oak Bank’s Poultry SBA 7(a) Lending Live Oak Bank’s SBA niche lending strategy is drawing the attention of SBA’s Inspector General. The bank entered the poultry farm market in 2014 — approving $611 million of loans to 309 farms…
Read MoreSBA Hot Topic Tuesday — 73% of Industry Says Replace SBA 7(a) Premium Split with Portfolio Fee
May 31, 2016 By. Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — 73% of Industry Says Replace SBA 7(a) Premium Split with Portfolio Fee Through 12 p.m. EST today, 119 people have responded to our Friday survey canvassing the industry about its support and thoughts of the pending Small Business Lending…
Read MoreHow do You Feel about the Proposed SBA 7(a) Oversight Legislation?
May 27, 2016 How do You Feel about the Proposed SBA 7(a) Oversight Legislation? Please answer our quick one minute poll. Results will be published next week. (Poll Closes Tuesday at 3:00pm ET) Submit answers to joseph@colemanreport.com. Do you support the bill as presented? Yes No Assume SBA’s 7(a) oversight fee increase is a fait…
Read MoreBreaking News — Senate Introduces Bill to Lower SBA 7(a) Premium Split from 110 to 108
May 26, 2016 By Bob Coleman Editor, Coleman Report Breaking News — Senate Introduces Bill to Lower SBA 7(a) Premium Split from 110 to 108 In this morning’s hearing, Senate Small Business Chair David Vitter (R-LA) introduced legislation to reduce the SBA 7(a) premium split from 110 to 108 and impose a 3 basis point…
Read MoreUse the SBA 504 Refinance Program to Add Quality Small Business Loans to your Portfolio
Use the SBA 504 Refinance Program to Add Quality Small Business Loans to your Portfolio Home Speakers Agenda Registration New SBA 504 Loan Program Can Add Millions Dollars in Small Business Loans for your Portfolio — SBA to Accept SBA 504 Refinance Applications Beginning June 24th! Date: Tuesday, June 14, 2016 Time: 2:00 p.m. Eastern…
Read MoreC-Suite Wednesday — SBA OIG Continues to Hammer the Agency on Improper SBA 7(a) and 504 Guaranty Payments
May 25, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA OIG Continues to Hammer the Agency on Improper SBA 7(a) and 504 Guaranty Payments In its May 13, 2016 report, the SBA Inspector General says SBA continues to make mistakes on SBA 7(a) loan guaranty purchases by not identifying lender documentation errors.…
Read MoreSBA Hot Topic Tuesday — SBA to Accept SBA 504 Apps Beginning June 24th
May 24, 2016 SBA Hot Topic Tuesday — SBA to Accept SBA 504 Apps Beginning June 24th By Bob Coleman Editor, SBA Hot Topic Tuesday Announces SBA Administrator Maria Contreas-Sweet at today’s NADCO conference. 1. The new rules will be published tomorrow in the Federal Register. SBA will begin processing applications this June 24th. 2.…
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