Lesley Lang-Lopez Joins Cen-Cal Business Finance as SVP
Lesly will be based in Cen Cal’s new Central Coast office in Santa Maria that will serve the Central Coast and parts of Southern California. Lang-Lopez is a respected lender known for her success in managing SBA teams and profitable lending programs. She holds an MBA with distinction from Fresno State, and has received notable…
Read MoreMissouri SBA 7(a) Lender Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 OakStar Bank (MO) 67 $58,297,500 $870,112 2 Live Oak Banking Company (NC) 14 $34,985,600 $2,498,971 3 Midwest Regional Bank (MO) 20 $19,000,000 $950,000 4 Regent Bank (OK) 27 $14,356,800 $531,733 5 U.S. Bank, National Association (OH) 79 $11,951,100 $151,280 6 Wells Fargo Bank, National Association…
Read MoreColeman Report Live! Monday, 11/20 1 pm Eastern
Here is the Microsoft Teams Invite for today’s Show at 1 pm Eastern You may also access out Youtube Live Stream at 1 pm Eastern Guests: Frank Gallegos Cen Cal Business Finance John Reosti, American Banker Lance Sexton, Fountainhead Commercial Capital
Read MoreNFIB Says 5% of Small Business Owners’ Access to Capital is #1 Challenge
Two percent of owners reported that all their borrowing needs were not satisfied. Twenty-three percent reported all credit needs met and 64% said they were not interested in a loan. A net 7% reported their last loan was harder to get than in previous attempts. Five percent of owners said that financing was their top…
Read MoreMaine SBA 7(a) Lender Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 Bangor Savings Bank (ME) 58 $10,524,400 $181,455 2 Maine Community Bank (ME) 25 $9,928,600 $397,144 3 Live Oak Banking Company (NC) 3 $6,650,000 $2,216,667 4 TD Bank, National Association (DE) 79 $6,543,700 $82,832 5 Customers Bank (PA) 4 $4,858,000 $1,214,500 6 Androscoggin Savings Bank (ME)…
Read MoreMassachusetts SBA 7(a) Lender Rankings for FY 2023
RANK Lender # Loans $ Amount Average Loan Size 1 Eastern Bank (MA) 230 $41,602,200 $180,879 2 Live Oak Banking Company (NC) 21 $29,055,500 $1,383,595 3 TD Bank, National Association (DE) 203 $24,255,500 $119,485 4 Webster Bank National Association (CT) 44 $22,829,000 $518,841 5 Cambridge Savings Bank (MA) 27 $14,452,300 $535,270 6 Newtek Small Business…
Read MoreFraud Friday – 5 Individuals Indicted for Obtaining SBA Loans for Property Flipping
November 17, 2023 Delaney SextonContributing Editor Fraud Friday – 5 Individuals Indicted for Obtaining SBA Loans for Property Flipping At the head of this group of fraudsters, Mehul Ramesh Khatiwala is not only being indicted with the others for attempting to obtain over $35 million from financial institutions by providing false documentation for SBA loan…
Read MoreSolving Difficult SBA Servicing Problems w/ Lance Sexton — Training Webinar 12/6
A Coleman Training WebinarDate: Wednesday, December 6, 2023Time: 2:00 p.m. EasternDownload Registration FormA 75-minute training class that lets staff earn e-certification $800 Total Fee for all with an Email Address from your Domain$500 Single Email User License 4 Ways to Order1) Email this form to cindy@colemanreport.com2) Email bob@colemanreport.com with “Register Secondary Market Summit”3) Call or text Bob Coleman…
Read MoreFinalize your SBA Secondary Summit and National Rural Lenders Roundtable Travel Plans for Washington DC on December 6 & 7
by Bob ColemanPublisherNovember 16, 2023 Check out the updated agendas for both events. Still a little early to announce, but we’ll simply say you will not be disappointed with the keynote speakers. If the SBA secondary market or USDA’s B&I lending programs are important to your bottom line, now is the time to make plans…
Read MoreCity First and Momentus Capital form Partnership to Provide up to $100 Million in Underserved Small Business Owners
by Bob Coleman Publisher “This is a creative, flexible loan product with competitive rates that is tailored to the needs of entrepreneurs who live in or serve disinvested communities — or who otherwise have been left out due to historical lending practices,” says Ellis Carr, President and CEO of Capital Impact Partners and CDC Small…
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