Funding Circle’s SBLC License Should be Revoked Says House Small Biz Chair & Senate Small Biz Ranking Member
April 25, 2024 Delaney SextonContributing Editor Chairman Williams & Senator Ernst Ask SBA to Revoke Funding Circle SBLC Yesterday, Chairman Williams and Ranking Member Ernst sent a letter to SBA Administrator Guzman addressing Funding Circle’s SBLC license. Concerns were raised after Funding Circle’s CEO mentioned possibly offloading the US arm of its operations. Since then,…
Read MoreNew Hampshire Small Businesses: Five Fast Facts
April 25, 2024 Delaney SextonContributing Editor New Hampshire Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 New Hampshire Small Business Profile
Read MoreNew Small Business Lending is Up at Mid-Sized and Large Banks
April 24, 2024 Delaney SextonContributing Editor New Small Business Lending is Up at Mid-Sized and Large Banks Continuing from yesterday, the Federal Reserve Bank of Kansas City reported that new lending and interest rates primarily increased, but small banks reported a decrease in new small business lending. These are the facts: Outstanding small business C&I…
Read MoreNevada Small Businesses: Five Fast Facts
April 24, 2024 Delaney SextonContributing Editor Nevada Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Nevada Small Business Profile
Read MoreJaime Aldama Named New President of Momentus Securities
April 24, 2024 Delaney SextonContributing Editor Jaime Aldama Named New President of Momentus Securities “Our primary goal is to help the smaller mission-driven lenders who have historically been underserved by the larger Wall Street banks. Momentus Securities bridges the gap between capital markets and mission-driven lenders, attracting the kind of capital that has not been…
Read MoreFederal Reserve Banks Report Tighter Credit Standards for 9th Consecutive Quarter
April 23, 2024 Delaney SextonContributing Editor Federal Reserve Banks Report Tighter Credit Standards for 9th Consecutive Quarter The Federal Reserve Bank of Kansas City delivered its Small Business Lending Survey for the fourth quarter of 2023. They found that trends related to credit standards, credit quality, and loan demand persisted going into the new year.…
Read MoreNebraska Small Businesses: Five Fast Facts
April 23, 2024 Delaney SextonContributing Editor Nebraska Small Businesses: Five Fast Facts Source:SBA Office of Advocacy 2023 Nebraska Small Business Profile
Read MoreColeman Report Live! Fraud Friday Shows
Coleman Report Live! Fraud Friday Shows are your weekly update on breaking news on fraud. Every Friday, join us on our YouTube channel for insightful discussions led by industry professionals. We cover the latest developments in SBA policies, banking regulations, and strategies to combat fraud. Expect dynamic conversations, expert analysis, and practical advice to protect…
Read MoreThe Coleman Report – Premium Industry Newsletter since 1993
The Coleman Report is the premier industry newsletter tailored for SBA Loan Packagers, Closers, Underwriters, Servicers, and Liquidators. Get weekly insights, expert analysis, and exclusive updates on the world of SBA lending. Published weekly, the newsletter includes: Subscribe now for just $995 and empower yourself with the knowledge to navigate SBA regulations confidently. Publishing Team…
Read MoreSmall Business Farmers are Seeking Larger Loans on Average and Loans for Operating Expenses
April 22, 2024 Delaney SextonContributing Editor Farms are Seeking Larger Loans on Average and Loans for Operating Expenses For the first time since 2022, loan volumes increased substantially, but the average loan volume in the first quarter of 2024 is still below the average loan volume in the last decade. Due to loan sizes being…
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