October 16, 2013 Bob Coleman: We’re talking with Bob Bielinski, CIT, the Managing Director of the restaurant and retail sector. Bob, thank you for joining us. Bob Bielinski: Bob, happy to be here. Thanks for having me. Bob Coleman: Bob, you and I’ve known each other for awhile and your specialty is telling lenders, telling…

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October 16, 2013 By Bob Judge Editor, CPR Report In August, prepays crested 8% for the first time since July 2010. For August, both defaults and voluntary prepayments rose, pushing overall CPRs to levels not seen since prior to the credit crisis. As for the detail, overall prepayments rose 21.17% to 8.83% from 7.29% in…

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October 14, 2013 By Scottt Suttell Crain’s Cleveland Business Citing a report from BizBuySell.com,1,685 small business transactions were closed nationwide in the third quarter, a 42% increase from 1,189 in the third quarter of 2012. BizBuySell is an online marketplace designed to facilitate small business sales. “In 2013, it appears that the (market) conditions are…

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October 14, 2013 By Bob Coleman Editor, Coleman Report A seminar hustler who promised easy money to Main Street has pled guilty to bank fraud. “Discover how to get $100k to $1 Million in business lines of credit,” screams the top banner on his website. http://www.creditlinemillionaire.com/ A tracking thermometer brags $7.5 million has been acquired…

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October 10, 2013 By Bob Coleman Editor, Coleman Report Kurt Chilcott Awarded Lifetime Achievement Award For Small Business Economic Development Kurt Chilcott, President and CEO of CDC Small Business Finance, the nation’s largest 504 lender, was awarded the 2013 Lifetime Achievement Award for Excellence in Economic Development in Honor of Edward deLuca by the International…

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October 9, 2013 By Bob Coleman Editor, Coleman Report We spoke with NADCO’s Executive Director, Beth Solomon, at the Franchise Lending Spotlight Conference in Atlanta about how SBA lending has stalled during the federal government shutdown. Bob Coleman: We are with Beth Solomon, the Executive Director of NADCO at the Franchise Lending Spotlight Conference in…

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October 4, 2013 By Karen McHugh As we all are aware now, SBA just recently released the newest version of the SOP 50 10 5 (F), effective January 1, 2014. Even though the new rules don’t become effective for another few months, now is the time to review, interpret, and commit it to memory. There…

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September 30, 2013 SBA’s Contingency Plan for Governement Shutdown If Congress and the President are not able to reach an eleventh hour agreement to fund the government, only SBA’s Inspector General audit team and the disaster loan programs will continue to operate as business as usual. If the following SBA programs are interrupted, that will…

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