Coleman Report Update! — Sponsored by SBA Complete — Community Advantage, Equity Ejection Fraud, Working Capital in Biz Aq Loans, Start-Up Equity Injection, Documenting Equity Injection, Tim Terry & Associates
September 19, 2018 By Bob Coleman Editor, Coleman Report Update Coleman Report Update! — Sponsored by SBA Complete — Community Advantage, Equity Ejection Fraud, Working Capital in Biz Aq Loans, Start-Up Equity Injection, Documenting Equity Injection, Tim Terry & Associates This Weeks Topics: Community Advantage Program Equity Injection Fraud Working Capital in Biz Aq Loans…
Read MoreSBA Hot Topic Tuesday — SBA Eliminates Standardized $2,500 SBA 7(a) and 504 Loan Packaging Fees
September 18, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Eliminates Standardized $2,500 SBA 7(a) and 504 Loan Packaging Fees The significant change to new form 159, “Fee Disclosure and Compensation Agreement,” is SBA no longer will allow the lender to charge a flat fee for all SBA…
Read MoreMain Street Monday — Main Street Optimism Hits Historical High
September 17, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Main Street Optimism Hits Historical High The NFIB Small Business Optimism Index soared to a new record in the survey’s 45-year history, topping the July 1983 highwater mark. The record-breaking figure is driven by small business owners executing on the plans…
Read MoreClose the SBA Franchise Loan 100% Compliant Every Time
Close the SBA Franchise Loan 100% Compliant Every Time Home Speakers Agenda Registration A Best Practice Guide for Closing the SBA 7(a) and 504 Franchise Loan — A 75 minute video webinar A Coleman Webinar Date: Wednesday, January 9, 2019 Time: 2:00 p.m. Eastern Download a Registration Form Professional SBA loan closers are under intense…
Read MoreColeman Report Update! — Sponsored by NACLB, Hotel Finance Heat Map, Credit Elsewhere, Drone Quote, Partner Energy
September 14, 2018 By Bob Coleman Editor, Coleman Report Update! Coleman Report Update! — Sponsored by NACLB, Hotel Finance Heat Map, Credit Elsewhere, Drone Quote, Partner Energy This week’s topics: Chris Muoio Discusses the Ten-X Hotel Heat Map Credit Elsewhere CDC Small Business Finance Borrower Profile — Drone Quote America West interview with Dana Weiss…
Read MoreFraud Friday — Two Years in Jail for Photoshopped Cattle Inventory Statements in $2 Million Fraud
September 14, 2018 By Dominic J Bartolone Contributing Editor, Fraud Friday Fraud Friday — Two Years in Jail for Photoshopped Cattle Inventory Statements in $2 Million Fraud Another cattle rancher is going to prison for fraud after providing phony cattle numbers to his bank. Last July, we wrote how a North Texas man was indicted…
Read MoreColeman Movers & Shakers – Melanie Brown and John McGinnity, Mary Beth Brooks, Patriot Bank
September 13, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers – Melanie Brown and John McGinnity, Mary Beth Brooks, Patriot Bank Seacoast Commerce Bank, San Diego Appoints Melanie Brown, Senior Vice President and SBA Business Development Officer and John McGinnity, Vice President and SBA Business Development Officer “Melanie and John…
Read MoreC-Suite Wednesday — GAO Says Bad Data Clouds Community Bank Small Business Lending Numbers
September 12, 2018 By Dominic J Bartolone Contributing Editor, C-Suite Wednesday C-Suite Wednesday — GAO Says Bad Data Clouds Community Bank Small Business Lending Numbers “We found that the economic environment and competition, rather than regulatory burden, explained most of the trends in (small business) lending from 2001-2017. We also found that community banks’ lending…
Read MoreSBA Hot Topic Tuesday — OIG Says Lender to Lose Guaranty for Failing to Correctly Underwrite Projections
September 11, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — OIG Says Lender to Lose Guaranty for Failing to Correctly Underwrite Projections A lender who received a check from the SBA for a SBA 7(a) guaranty in the amount of $552,406 should pay it back says the Inspector General.…
Read MoreMain Street Monday — Main Street Leads US Economy
September 10, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Main Street Leads US Economy The SBA Quarterly Bulletin released in March of this year confirms that small businesses continue to experience growth. Financial Takeaways: Low demand for small business loans and lending remain areas of concern. Bankers report easing lending…
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