Posts by Coleman Report

January 13, 2015 By Bob Coleman Editor, C-Suite Wednesday C Suite Wednesday — 46% of Largest Banks Make No SBA 7(a) Loans In Florida, reports the the South Florida Business Journal. Coleman Report readers know I love stats. So, I wanted to get more behind the numbers of SBA 7(a) loan activity. I believe a…

January 12, 2016 by Walter McLaughlin Contributor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Matchmaking SBA Style Referrals from District Office personnel. SCORE counseling and workshops. SBA-backed Small Business Development Centers. Thanks to the diligence displayed by all three sources, it’s clear that marketing has always been high on the SBA’s list of…

January 11, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — SBA Administrator Grilled by Congress over Data Security Issues Should small businesses that get SBA loans or use other agency services be concerned about their data getting hacked? Is the question Kent Hoover writes in his coverage of last week’s House…

January 8, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — SBA Loan Broker Gets Four Years for Bank Fraud Jeong, or Patrick Moon, was sentenced to four years in prison for photoshopping tax returns and bank statements for his SBA loan clients. He also destroyed SBA documents for six loans, earning him an…

January 7, 2016 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers and Shakers Charlie Meyers Joins American Business Lending as VP and BDO in Salt Lake City “Charlie will be a valuable asset to ABL and we are excited to have his long history of getting viable projects financed in the assisted living…

January 6, 2016 by Bob Judge Editor, CPR Report C-Suite — SBA 7(a) Prepays Back Above 8% In October, prepays moved back above 8% for the second time in the last six months. Defaults rose by 55%, but stayed below CDR 2% for the 26th month in a row. Overall prepayments rose by 3% to…

January 5, 2016 By Bob Coleman Editor, Hot Topic Tuesday SBA Hot Topic Tuesday — Mandatory SBA CLS Account Recertification Any SBA lender using the Capital Access Login System, (Etran and SBAOne) must re-certify users accounts and access rights between January 11th and February 11th. “Accounts that are not recertified by the end of the…

January 4, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — 67% of you Hit Your Numbers in 2015 And 85% say small business loan volume and revenues will increase in 2016 according to our New Year’s Eve survey. Personal pay? 90% say compensation will increase by an average of 5%. Challenges…

December 30, 2015 By Bob Coleman Editor, C-Suite Wednesday Please take 30 seconds for these five quick Coleman poll questions! I hit most of my goals in 2015 yes no Small business loan volume percentage change in 2016 will be: Department net margin percentage change in 2016 will be: Personal income percentage change in 2016…