Frustrated that banks are no longer lending, UK entrepreneurs are turning to the new breed of posh pawnbrokers for loans. “In exchange for my car keys the pawnbroker transferred the cash to my bank ...
Read More →This quote caught our eye in a story about a Richmond restaurateur who owns a dozen Hooters and Topeka’s Steakhouse franchises. Requested to comment on his bankruptcy filing he said, “It’s just...
Read More →OIG Claims SBA 7(a) Repairs and Denials should increase by $472 Million In a Thanksgiving day posting, SBA’s Inspector General issued a report that says SBA’s improper payments to lenders for SBA...
Read More →Our post-Thanksgiving Fraud Friday edition involves horse race betting, greed, and fraud. Christopher J. Woods, 53, has been sentenced to four years in federal prison for concealing the proceeds of a...
Read More →What the Banks and the S.B.A. Could Learn From Silicon Valley By Ami Kassar New York Times Last weekend, my family and I packed our car full of supplies and drove to a fire station in New Jersey to d...
Read More →November 21, 2012 So What Exactly does SBA mean by being a “Prudent Lender?” SBA Guaranty Fees By Karen McHugh “Lenders must be responsible to analyze each loan application in a comme...
Read More →Finally, a competent analysis of small business capital priorities. Should capital flow to sexy, hi-tech, green startups, or do we make sure we get capital to the less glamorous mom and pop Main Stre...
Read More →How the Treasury Offset Letter can Reduce SBA 7(a) Repairs and Denials A major takeaway from last week’s Coleman Fresno Servicing SBA Loan workshop is to get to know the Treasury due process letter...
Read More →Small banks are approving more small business loans than they reject for the first time since 2008 says the recent Biz2Credit Small Business Lending Index. Approvals under the SBA Advantage loan prog...
Read More →NADCO Names New President Sincere congratulations to IFA’s Beth Solomon on her appointment as NADCO’s new President and CEO! Beth is the International Franchise Association’s VP of Strategic I...
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