Posts by Coleman Report

December 9, 2015 By Walter McLaughlin Senior Vice President, Banner Bank Contributor, C-Suite C-Suite — Is the Change of Ownership Boom Peaking? In life, the relationship between supply and demand is so straightforward that even infants understand the principle. When supply is high (i.e., Gerber’s Mixed Vegetables), its relative value diminishes; when supply is low…

December 8, 2015 5 Reasons Why SBA 7(a) Secondary Market Levels Dropped in August 2015 by Scott Evans Partner Government Loan Solutions The SBA 7(a) Secondary market witnessed premiums drop in August and September 2015 for the following reasons: 1. Excess of supply led to large positions with pool assemblers 2. Concern over rising rate…

December 7, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday — Alternative Lenders Access Online Bank Data for Quick Loan Approvals Marc Glazer is President and CEO of BFS Capital, a technology-enabled financing platform that provides loans of up to $2 million for small businesses in all 50 states, Canada, and the…

December 4, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — Sentencing in January for Arkansas Bank Prez Guilty of Loan Fraud Former Avest Bank President for Benton County, Dennis Smiley will find out how long he will be living in federal custody next month. Dennis pled guilty to one count of loan fraud…

December 3, 2015 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers and Shakers — Tina Caronna Named to Hall of Fame, Brent Ciurlino Joins Ready Cap Tina Caronna Named to SBA Secondary Market Summit Hall of Fame Karen Bean accepting the Hall of Fame award on behalf of Tina Caronna’s son, Todd. Cantor…

December 2, 2015 By Bob Judge Editor, CPR Report CPR Report: SBA 7(a) Prepays Back Below 8% In September, prepays moved back below 8% after one month above that benchmark. A slight increase in the default element (CDR) was more than offset by a decrease in the voluntary prepayment portion (CRR) last month. Defaults rose…

December 1, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Revised IRS Form 4506-T and Updated Internal Revenue Service (IRS) Contact Information Effective November 25, 2015 the Internal Revenue Service (IRS) has issued a revised Form 4506-T (Rev. 9-2015). Included in the notice are the updated contact information for…

November 30, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday — Leading the Fight for Transparency in Small Business Marketplace Lending In 2009 Jim mortgaged nearly everything his family owned to join The Business Backer, and launch its mission to expand access to a much lower cost of capital for American small…

November 25, 2015 By Walter McLaughlin Senior Vice President, Banner Bank Contributer The Credit Elsewhere Test and the Physics of SBA Lending As the holiday season approaches and In the wake of SBA’s record-breaking FY 2015, there are plenty of reasons to celebrate. 7(a) gross loan approvals totaled $23.6 billion, up nearly 23% over the…

By Bob Coleman Special Report SBA Issues New SOP 5057 2 for SBA 7(a) Loan Servicing and Liquidation Effective December 1 Prudent Liquidation – The term prudent liquidation is now defined in the definitions chapter of the SOP. This definition emphasizes that lenders must complete liquidation within either 24 months of the date of guaranty…