Posts by Coleman Report
SBA Hot Topic Tuesday — SBA Form 159 May Now be Submitted via SBA One
May 10, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Form 159 May Now be Submitted via SBA One For Loans Originated in SBA One 1. After the loan is approved and the SBA Loan Number is issued and in Funded Status, SBA Form 159(7a) may be generated…
Read MoreFraud Friday — Jury Convicts Two Nova Bank Execs of TARP Fraud, Lying to the Feds
May 6, 2016 By Bob Coleman Editor, Fraud Friday Pennsylvania based-Nova bank’s top two execs are guilty of conspiracy, TARP fraud and two counts of making false statements. Former CEO Brian Hartline, 51, was found not guilty of bank fraud while past Chairman Barry Bekkedam, 48, was found not guilty of bank and wire fraud…
Read MoreColeman’s Movers and Shakers
May 4, 2016 Coleman’s Movers and Shakers By Bob Coleman Editor, Coleman’s Movers and Shakers Doug Hood Joins Community Capital Finance as Director of SBA Loan Division “Doug brings a wealth of knowledge and experience in the SBA arena that will allow us to further serve our clients’ needs. We are very glad to have…
Read MoreFountainhead Commercial Capital Secures $23 Million for Small Business Lending
Fountainhead Commercial Capital Secures $23 Million for Small Business Lending Setting Stage to Become Nation’s Largest SBA 504 Lender ORLANDO, May 4, 2016 – Fountainhead Commercial Capital today announced a significant investment that will enable the forward-thinking SBA 504 lender to expand its footprint and offer commercial loans for owner-occupied commercial real estate throughout the…
Read MoreSBA Hot Topic Tuesday — SBA CAPLines: Tools for the Toolbox
May 3, 2016 SBA Hot Topic Tuesday — SBA CAPLines: Tools for the Toolbox By Walter H. McLaughlin Coleman Report Contributor Senior Vice President/SBA Manager Banner Bank The importance of working capital to America’s small businesses simply cannot be overstated. In a general discussion about working capital, Investopedia says the following: When a company does…
Read MoreMain Street Monday — CPR Report: SBA 7(a) Prepays Stay Below 7%
May 2, 2016 Main Street Monday — CPR Report: SBA 7(a) Prepays Stay Below 7% By Bob Judge Editor, CPR Report In March, prepays fell further below CPR 7%, reaching a level not seen since April of 2013. The cause of this decrease was a double-digit fall in voluntary prepayments (CRR) that offset a rise…
Read MoreHow the SBA BDO is Paid in 2016 — Coleman’s 9th Annual Compensation Webinar
Is Your SBA BDO Comp Plan Fair Enough to Retain Staff and also Satisfy the C-Suite? Home Speakers Agenda Registration Defend your SBA BDO Comp Plan to Stakeholders with Coleman’s Industry Performance Benchmarks — a 75-minute webinar that lets staff earn e-certification Date: Wednesday, June 1, 2016 Time: 2:00 p.m. Eastern Download a Registration Form…
Read MoreColeman’s Movers and Shakers
April 28, 2016 Coleman’s Movers and Shakers By Bob Coleman Editor, Coleman’s Movers and Shakers Freedom Bank Appoints Lynn Johler as Senior Vice President of Commercial Lending Says Chief Executive Officer, Cathy P. Swanson, “We are so proud to have Lynn on our team. Her extensive knowledge of SBA lending and the local market are…
Read MoreSBA Hot Topic Tuesday — Top Ten 7(a) Lender Criticizes SBA for $2 Million Plus Loans
April 26, 2016 SBA Hot Topic Tuesday — Top Ten 7(a) Lender Criticizes SBA for $2 Million Plus Loans By Bob Coleman Editor, SBA Hot Topic Tuesday In his annual letter to shareholders M&T Bank’s Chairman of the Board and CEO, Robert Wilmers says 33% of the SBA’s 7(a) budget authority supports large loans to…
Read MoreMain Street Monday — What Small Business Lenders Learn from the Sport Chalet Bankruptcy
April 25, 2016 Main Street Monday — What Small Business Lenders Learn from the Sport Chalet Bankruptcy By Bob Coleman Editor, Main Street Monday Saturday I woke up to discover my hometown’s signature company filed for bankruptcy. Sport Chalet is shuttering its 47 stores throughout the West by the end of the month. The company…
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