June 27, 2013 By Bob Coleman Editor, Coleman Report There are two takeaway’s in this afternoon’s Coleman Report. First, this is an example of how the CEO and Founder of Worthington National Bank uses a Twitter inteview for a branding and marketing exercise. The second takeaway is the content itself. Check out these tweets. SmallBizLady:…

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June 27, 2013 By Bob Coleman Editor, Coleman Report Ethan Smith joined us during our webinar on negotiating the Offer in Compromise and discussed how important lender liability is in submitting an offer to the federal government. Here are his insightful statements. “As the lender, you have a liability to the federal government as a…

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June 26, 2013 By Bart Blechschmidt, Esquire Starfield & Smith, P.C. The term workout as defined in the SOP 50 57 is “the debt collection and negotiation process as well as the final plan agreed upon by a creditor and debtor with regard to how the problems and issues surrounding the debtor’s delinquent obligation to…

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June 26, 2013 By Bob Coleman Editor, Coleman Report Flush with cash to audit lender SBA 7(a) recovery act loans, our friends at the Inspector General don’t disappoint in their just released “first memorandum” of federal government improper payments to SBA 7(a) lenders. Their findings? Lenders were wrong with their documentation 100% of the time.…

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June 25, 2013 By Bob Coleman Editor, Coleman Report Yesterday, we reported how Obama’s Small Business Lending Fund has increased small business lending for 90% of lenders who accessed the fund. Today, another view. The Washington Post’s J.D. Harrison says three years after the end of the recession, we remain in a credit desert, with…

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June 24, 2013 By Kent Hoover Washington Bureau Chief, Business Journals The Small Business Administration is ending its celebration of National Small Business Week with events in Washington, D.C., that serve as a swan song of sorts for SBA Administrator Karen Mills. Mills has been a strong leader for the SBA at a critical time,…

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June 24, 2013 By Bob Coleman Editor, Coleman Report Three banks, two certified development companies and two Small Business Investment Companies today received the highest recognition by the U.S. Small Business Administration in Washington, D.C., as they were proclaimed 2013 Lenders and Investment Companies of the Year, during National Small Business Week. Also honored were…

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June 21, 2013 By Bob Coleman Editor, Coleman Report We sat down with Ami Kassar, CEO and Founder of MultiFunding to discuss how small businesses are being defined. Ami is a nationally renowned leader in small business planning and lending. Ami is published weekly in the You’re the Boss New York Times Blog covering small business.…

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June 20, 2013 By Karen McHugh SBA Complete If and when it comes to pass that you need to call upon the SBA to pay under its guaranty, there are three responses that could occur: • Full payment of the guaranty • Reduced payment of the guaranty (as a result of a repair) • Denial…

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