Coleman Report
SBA Hot Topic Tuesday — PayPal Tops $2 Billion in Small Business Lending
July 12, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — PayPal Tops $2 Billion in Small Business Lending Your competition offers a five minute application, an immediate decision, and funds deposited into the small business checking account the next day. Most of you know, I’ve borrowed money from PayPal’s…
Read MoreFraud Friday — Former Community Bank President Faces Life in Prison after Guilty Verdicts
July 8, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former Community Bank President Faces Life in Prison after Guilty Verdicts Paul Doughty’s ten fraud guilty verdicts by an Oklahoma federal jury has the 67-year old community banker facing life in prison. First State Bank of Altus was seized by regulators during the…
Read MoreC-Suite Wednesday — American Express Enters FinTech Small Business Lending Market
July 6, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — American Express Enters FinTech Small Business Lending Market Looking to replace the revenue stream with the termination of its exclusive Costco credit card processing partnership, AmEx is eyeing the small business lending market. AmEx’s venture, Working Capital Terms, will approve loans in minutes…
Read MoreSBA Hot Topic Tuesday — SBA’s Summer Road Trip to Main Street
July 5, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA’s Summer Road Trip to Main Street “Main Street entrepreneurship is at the heart of the American economy, contributing half of our nation’s productivity and creating two out of three net new jobs,” says SBA Administrator Maria Contreras-Sweet. “Communities…
Read MoreColeman’s Movers and Shakers
June 30, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Guaranty Bank Announces the Hiring of New Chief Lending Officer H. Charles Puls“Charley has an extensive background in community bank management and commercial lending and will be an excellent addition to our executive team. Eric and Micah are experts in their respective lending fields,…
Read MoreHot Topic Tuesday — Big Data Serve Main Street
June 27, 2016 By Bob Coleman Editor, Hot Topic Tuesday Hot Topic Tuesday — Big Data Serve Main Street Bob Coleman: John Brandow, Principle, Founder, BizMiner. John, you’re a big data guy, aren’t you? I’m looking at these numbers, 200,000 data points. Actually, it’s more than that. What is BizMiner and tell us about your…
Read MoreMain Street Monday — SBA Issues Affiliation Rules Effective July 27th
June 27, 2016 By Bob Coleman Editor, Coleman Report Main Street Monday — SBA Issues Affiliation Rules Effective July 27th The seven page notice dated today dumped very early Saturday morning, even late Friday night depending on your time zone.. The meat of the announcement: 9.Amend § 121.301 to revise the section heading and to add paragraph…
Read MoreFraud Friday — Valor Federal Credit Union ex-CEO Pleads Guilty to Stealing $718,000 and Impersonating Board Members
June 23, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Valor Federal Credit Union ex-CEO Pleads Guilty to Stealing $718,000 and Impersonating Board Members Pennsylvania-based Valor Credit Union’s former CEO has pled guilty to two counts of bank fraud. Sean Jelen says he stole $718,000 for his wife’s birthday party, a bunch of…
Read MoreColeman’s Movers & Shakers — David Nayor Joins 44 Capital
June 23, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers & Shakers — David Nayor Joins 44 Capital David Nayor Named First Vice President of 44 Business Capital “As a division of Berkshire Bank, 44 Business Capital will continue to leverage our staff’s national experience to build out an exceptional SBA lending…
Read MoreSBA Hot Topic Tuesday — SBA 7(a) Secondary Market Quotes
June 21, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday Maturity Price Gross Margin Service Fees Net Margin Prime Rate 8 Yrs. 109.75000 2.750% 1.0000% 0.5980% 1.1520% 3.50% 10 Yrs. 113.70000 2.750% 1.0000% 0.5980% 1.1520% 3.50% 15 Yrs. 114.00000 2.750% 1.0000% 0.5980% 1.1520% 3.50% 20 Yrs. 116.12500 2.750% 1.0000% 0.5980% 1.1520% 3.50% 25 Yrs.…
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