Posts by Coleman Report
Legal Loan Broker Fees: SBA Form 159 Mandatory Disclosures — A Coleman Webinar 4/18
Loan Broker Fees Charged to the BorrowerLoan Broker Fees Paid by the Lender Attend the Live Webinar EventThursday, April 18, 20242:00 PM Eastern75-minute training with e-certification Are you confident SBA loan broker fees and compliance disclosures can withstand scrutiny? Ensuring full compliance with SBA’s rules around loan fees and disclosures for loan brokers and agents…
Read MoreSenators Introduce a Bill to Prevent SBA from 7(a) Direct Lending
March 27, 2024 Delaney SextonContributing Editor Senators Introduce a Bill to Prevent SBA from 7(a) Direct Lending “Fraud and inefficiency characterize the Small Business Administration’s history in direct lending. The government shouldn’t crowd out private lenders that are already doing a good job getting funds to the small businesses that need them. I’m proud to…
Read MoreFirst Capital Finance and Pricus Marine SBA 504 Loan Leads to Shipwreck Discovery
March 27, 2024 Delaney SextonContributing Editor First Capital Finance and Pricus Marine SBA 504 Loan Leads to Shipwreck Discovery “This project was an exciting opportunity for FCF as we expanded our typical financing into vessels. As Floridians, we understand the importance of the work companies like Pricus Marine accomplish. Our collaboration is a testament to…
Read MoreIllinois Small Businesses: Five Fast Facts
March 27, 2024 Delaney SextonContributing Editor Illinois Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Illinois Small Business Profile
Read MoreIdaho Small Businesses: Five Fast Facts
March 26, 2024 Delaney SextonContributing Editor Idaho Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Idaho Small Business Profile
Read MoreWomply and CEO Scammell Agreed to Pay $26 Million to Settle FTC Charges
March 26, 2024 Delaney SextonContributing Editor Womply and CEO Scammell Agreed to Pay $26 Million to Settle FTC Charges The Federal Trade Commission alleged that Womply advertised that small businesses could successfully obtain PPP funding by applying to Womply. In reality, more than 60% of Womply’s PPP applications never resulted in funding. Womply and Scammell…
Read MoreDocumenting Equity Injection the SBA Way: Know the 13 Most Common Mistakes in Equity Injection Documentation — A Coleman Webinar 4/11
Updated for 2024: How to document your borrower’s equity injections perfectly and correctly every time Attend the Live Webinar EventThursday, April 11, 20242:00 PM Eastern75-minute training with e-certification Do your people make any of the 13 most common mistakes lenders commit in documenting a borrower’s equity injection that result in SBA loan guaranty repairs and…
Read MoreHawaii Small Businesses: Five Fast Facts
March 25, 2024 Delaney SextonContributing Editor Hawaii Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Hawaii Small Business Profile
Read MoreCORRECTED: Biz2Credit Settlement with Federal Trade Commission
March 25, 2024 Delaney SextonContributing Editor Biz2Credit Settlement with Federal Trade Commission The FTC took action against Biz2Credit claiming that its average processing time estimate of 12-14 business days for PPP loans set out on its website were misleading, as in some cases customer processing times took longer. Further, the complaint states that when applicants…
Read MoreColeman Report Live! March 25, 2024 — Main Street Monday @ 1pm EST
Join on MS Teams Watch on YouTube Host: Bob Coleman, Owner/Editor, Coleman ReportCo-Host: Lance Sexton, Contributor, Fountainhead CCGuest: Todd Belmond, Executive Director, Scotsman Guide
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