Borrowers blame banks for not lending; bankers blame borrowers for not seeking financing. A new survey shows evidence to support the latter. As Main Street lending has stalled, the chicken-or-the-egg ...
Read More →Every SBA lender knows that it must act prudently when servicing its loans, especially when it comes to caring for and protecting loan collateral. Therefore, an SBA lender who receives notice that a b...
Read More →As always, the SBA Loan Authorization will tell you what to do if things go south. When a loan defaults, the lender’s first step should be to review the Loan Authorization to determine if it has com...
Read More →How psychometrics are helping loan officers weed out the bad risks from the good. Since the beginning of banking, lenders have toed the line on “creditworthy” businesses to lend to. There is inher...
Read More →A new pilot program from New Hampshire’s Capital Regional Development Council recently awarded its first loan in the form of a $200,000 SBA loan. One of only 20 nationwide, the Intermediary Lend...
Read More →Bank profits during the third quarter of this year the best quarterly performance in six years. According to new data released by the FDIC, more than 55% of all banks reported loan growth in the third...
Read More →Representatives from various local sectors convened for a “State of the Economy” Panel for Vegas Inc. last month. To discuss the business lessons learned in 2012 and what is on the horizon...
Read More →Mug Shot Monday – Telling a Lender a Lie is a Crime A New York LDC made a $50,000 micro loan to the owner of a small computer company. After repaying about $3,000 the company defaulted on the loan ...
Read More →OIG Semi-Annual Report to Congress by Peggy E. Gustafson Inspector General I am pleased to present the U.S. Small Business Administration (SBA) Office of Inspector General’s (OIG) Fall 2012 Semiann...
Read More →Approaching $1 billion in losses, Kabul Bank serves as the poster child of how the good intentions of the United States was hijacked by the powerful elite in Afghanistan. Reports the New York Times,...
Read More →
