July 12, 2013 By Bob Coleman Editor, Coleman Report The owner of a North Carolina tire recycling plant convicted of four counts of loan fraud walked out of the courtroom a free man yesterday. Federal sentencing guidelines call for a prison term of 51 to 71 months and the prosecutors urged 30 months. “In 2010,…

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July 11, 2013 By Karen McHugh SBA Complete Sometimes PLP lenders may choose to shy away from a franchised operation if they are not listed on SBA’s franchise registry (www.franchiseregistry.com), because they don’t want to jump through the hoops required to make the eligibility decision delegated to them.  However, even if the franchisor is not…

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July 9, 2013 By Bob Coleman Editor, Coleman Report In a year-to-year comparison, small business lending approvals at big banks are up 52 percent over the figure from June 2012, says the latest Biz2Credit Small Business Lending Index “While approvals dropped slightly at big banks in June, overall small business lending rebounded in the first…

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July 9, 2013 By Bob Coleman Editor, Coleman Report Using Franchise Lending in Your Niche Product Mix Historically, SBA guaranteed franchise loans perform better than non-franchise loans. But, as in any niche lending arena knowledge and information is key for a healthy portfolio. To learn more about franchise financing, and six franchise concepts, consider attending…

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July 8, 2013 SBA’s OIG has released its May 2013 monthly recap. The interesting takeaway is SBA’s Inspector General differentiates between business loans and recovery act loans – the stimulus loans that received a 90% guaranty. Further proof the OIG is paying very close attention to these loans. After all, they got a large, separate…

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July 8, 2013 By Bob Coleman Editor, Coleman Report A former Georgia bank president and CEO will get 5 ½ years in a fed pen for replacing non-performing bank loans with a SBA loan. Under the “wow, this is too good to be true rule,” Gary Hall has sadly found out refinancing bad conventional bank…

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