Coleman Report
Coleman Movers & Shakers – Manny Flores, Brent Ciurlino, Melanie Brown
November 8, 2018 By Bob Coleman Editor, Colemans Movers & Shakers Coleman Movers & Shakers – Manny Flores, Brent Ciurlino, Melanie Brown Former Chicago Alderman Manny Flores Appointed President & CEO of SomerCor “Manny offers a transformative vision for SomerCor that promises to build our bench strength in SBA 504 lending and expand our reach…
Read MoreColeman Report Update! — Sponsored by National Rural Lenders Roundtable — Newtek, Packaging Fees, Charge Offs, Business Development Venture Solutions, SBA Veterans Program
November 7, 2018 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — Sponsored by National Rural Lenders Roundtable — Newtek, Packaging Fees, Charge Offs, Business Development Venture Solutions, SBA Veterans Program This week’s topics: Newtek Packaging Fees Charge Offs Business Development Venture Solutions SBA Veterans Program Previous Coleman Report Updates!: November 7,…
Read MoreC-Suite Wednesday – National Entrepreneurship Month
November 7, 2018 By Dominic J Bartolone Contributing Editor, C-Suite Wednesday C-Suite Wednesday – National Entrepreneurship Month November 20th is National Entrepreneurship Day, and we thought it’s only fitting that we offer a few insights about small businesses and provide a recap of how SMBs are contributing to job growth and job creation in the…
Read MoreSBA Hot Topic Tuesday — 76% Disagree with SBA Proposed Personal Resource Test
November 6, 2018 By Mary Miller Contributing Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — 76% Disagree with SBA Proposed Personal Resource Test There were a total of 141 survey participants in last week’s poll regarding the SBA’s proposed changes. Survey participants were broken down into the following groups: SBA Lender/CDC 48% SBA…
Read MoreMain Street Monday — SBA Veterans Advantage Lending
November 5, 2018 By Bob Coleman Editor, Main Street Monday MAIN STREET MONDAY — SBA Veterans Advantage Lending With next Monday’s Veteran’s Day I thought it would be appropriate to review SBA’s lending programs for veterans. SBA (7a) loans require an up-front guaranty fee. But for veterans, the fee for SBA Veterans Advantage loans less…
Read MoreFraud Friday — Community Bank CEO Indicted for Turning Loans into Bank Capital, Pocketing Fee
November 2, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday — Community Bank CEO Indicted for Turning Loans into Bank Capital, Pocketing Fee During the Great Recession New Jersey-based First State Bank needed capital. Former CEO, Joseph Natale and an investment adviser concocted a scheme of turning a $7 million loan into bank capital…
Read MoreColeman Movers & Shakers — SBA Secondary Market Summit, Rural Lenders Roundtable Offer Post-Election Analysis, Networking Opportunities
November 1, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — SBA Secondary Market Summit, Rural Lenders Roundtable Offer Post-Election Analysis, Networking Opportunities 11th Annual 2018 SBA Secondary Market Summit, Tuesday, December 4, Washington DC Senate Small Business Committee Chairman James Risch Confirmed as 2018 SBA Secondary Market Summit Speaker…
Read MoreColeman Report Update! — Sponsored by SBA Complete, SBA Processing Times, Boefly, SBA Underwriting Errors, Litigation
October 31, 2018 By Bob Coleman Executive Producer, Coleman Report Update! Coleman Report Update! — Sponsored by SBA Complete, SBA Processing Times, Boefly, SBA Underwriting Errors, Litigation This week’s topics: SBA Processing Times Boefly SBA Underwriting Errors Litigation Previous Coleman Report Updates!: October 31, 2018 — Coleman Report Update! — Sponsored by SBA Complete, SBA…
Read MoreSBA Hot Topic Tuesday — Offer your Feedback on SBA’s Proposed Rule Changes
October 30, 2018 SBA Hot Topic Tuesday — Offer your Feedback on SBA’s Proposed Rule Changes By Bob Coleman Editor, SBA Hot Topic Tuesday Create your own user feedback survey Take our poll. https://www.surveymonkey.com/r/DQS6QKC The key topics for SBA lenders include reinstatement of the personal resource test, limiting lender and agents fees, and changes to…
Read MoreCPR Report: SBA 7(a) Actual Prepays Above 18%
October 30, 2018 CPR Report: SBA 7(a) Actual Prepays Above 18% By Bob Judge Editor, CPR Report In September, total prepays, including paid excess principal (ACPR), came in at 18.85%, an 11% increase from last month’s reading of 16.92%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came in…
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