SBA Hot Topic Tuesday — New SBA 7(a) Loan Matrix Released

May 29, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — New SBA 7(a) Loan Matrix Released A revised version (14) of the “Servicing and Liquidation Actions 7(a) Lender Matrix” has been released effective May 1, 2018. Access the revised matrix here.

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C-Suite Wednesday — What Management Needs to Know about the SBA BDO

May 23, 2018 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — What Management Needs to Know about the SBA BDO Brent Ciurlino, former SBA Associate Deputy Administrator and Director of Office of Credit Risk Management offered these items for the C-Suite at the Coleman SBA BDO Summit in Napa Valley yesterday. SBA Lending Stats…

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SBA Hot Topic Tuesday — May is World Trade Month

May 22, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — May is World Trade Month Remember SBA 7(a) Export related loans carry a 90% guaranty, the only 90% guaranty in SBA lending programs. SBA Export Express programs also command a 90% guaranty up to $350,000. Finally, check out these…

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Main Street Monday — Low-Income Areas Lack in Employment

May 21, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Low-Income Areas Lack in Employment Only one in fifteen businesses (6.7%) with employees and two in eleven self-employed persons are in low-income areas, in spite of the fact that two in nine workers call these areas home. SBA’s Office of Advocacy…

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Fraud Friday: Insider Loan Fraud Borrower Sentenced to Three Years in Prison

May 18, 2018 By Bob Coleman Editor, Fraud Friday Fraud Friday: Insider Loan Fraud Borrower Sentenced to Three Years in Prison “Michael Litz was sentenced to three years in federal prison and ordered to pay more than $5 million in restitution for criminally defrauding TARP recipient Excel Bank, a bank that later failed and taxpayers…

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CPR Report — Actual 7(a) Prepays Crest 15%

May 18, 2018 CPR Report — Actual 7(a) Prepays Crest 15% By Bob Judge Editor, CPR Report In April, total prepays, including paid excess principal (ACPR), came in at 15.47%, a 29% increase from last month’s reading of 11.96%. After correcting for the excess principal being released from the MRF, pool prepays (CCPR) came in…

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Coleman Report Update! — Linda McMahon on Forest Lake Drapery, State of Small Business, SBA New Ad, Paypal Small Business Lending, SBA National Person of the Year

May 18, 2018 By Bob Coleman Editor, Coleman Report Update! Coleman Report Update! — Linda McMahon on Forest Lake Drapery, State of Small Business, SBA New Ad, Paypal Small Business Lending, SBA National Person of the Year Previous Coleman Report Updates!: May 9, 2018 — Coleman Report Update! — SBA Phoenix Award Winner , 3…

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