July 29, 2013 By Bob Coleman Editor, Coleman Report The defense asked for one year and one day, the prosecutors wanted 18 months, and that’s exactly what our fraudster got after his February guilty plea for bank fraud. Nothing fancy about the fraud. Seems someone was keeping the money that was intended to go to…

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July 26, 2013 By Bob Coleman Editor, Coleman Report A Washington Post flattering piece about Wells Fargo small biz exec Lisa Stevens has some useful stats. 1)      With 20% of small businesses in industries that are directly impacted by the real estate market – construction, interior design, architectural services, landscaping – “we expect to see…

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July 26, 2013 By Bob Coleman Editor, Coleman Report OK, OK, this morning’s report has nothing to do with small business lending, but as we enter the dog days of summer the news is a little light. But for all bankers, this is an excellent article of the history of the origins of the 7…

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July 25, 2013 by Karen McHugh SBA Complete SBA requires lenders to report information to the appropriate credit reporting agencies whenever they extend credit with an SBA loan. Thereafter, the lender should continue to routinely report information concerning servicing, liquidation, and charge-off activities throughout the life cycle of the loan. This appears to be rather…

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July 25, 2013 By Bob Coleman Editor, Coleman Report Further proof there is a true access of capital by Main Street, right? Not really says Case Western Reserve’s Scott Shane. He crunches a lot of numbers and he writes the driver of higher employment numbers by big companies is the decline of “job destruction.” That…

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July 24, 2013 By Bob Coleman Editor,  Coleman Report Limited access to capital for Main Street is a worldwide problem that extends from America’s shores. Add the UK to the list of failed government policies for Main Street. A “scheme” to get  £1.1 billion to middle market firms has only funded £5 million in the…

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July 24, 2013 By Bob Coleman Editor, Coleman Report Entrepreneur’s Cat Clifford continues to bang the drum about the absence of a candidate to replace outgoing SBA Administrator Karen Mills next month. Last week, I blasted the Administration for failing to act noting that there are a number of qualified candidates in the public and…

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July 23, 2013 By Bob Coleman Editor, Coleman Report Bob Coleman: We’re with Mike Reynolds, the Chief Development Officer of Robeks at The BoeFly Franchise Lending Spotlight Conference 2013 and there we go, fruits, smoothies, and healthy eats. Mike, what do you guys do? Mike Reynolds: Well, we are the purveyor of high-quality premium smoothies.…

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July 22, 2013 By Bob Coleman Editor, Coleman Report “There is no excuse for the administration’s inaction. Sadly, it appears the stated support for Main Street by the President during election was only pandering. It is ridiculous that the White House can’t find a qualified nominee after five months. There are a number of worthy…

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July 22, 2013 By Bob Coleman Editor, Coleman Report Did celebrity worship influence a judge in a ten day sentence for loan fraud? The University of Memphis Tigers basketball game (former) announcer pled guilty to one count of loan fraud last February. The Commercial Appeal reported… U.S. District Judge Michael P. Mills told Roberts that…

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