Coleman Report
C-Suite Wednesday– A Succession Strategy — Expanding Employee Co-op Conversions
September 26, 2018 By Dominic J Bartolone Contributing Editor, C-Suite Wednesday C-Suite Wednesday– A Succession Strategy — Expanding Employee Co-op Conversions Each day, over 10,000 Baby Boomers turn 65, with a majority of America’s small businesses being owned by this generation, many are choosing to close the company rather than sell it when they retire.…
Read MoreSBA Hot Topic Tuesday — SBA Loan Packaging Benchmarks
September 25, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Loan Packaging Benchmarks The common theme in responses to our industry survey of how long it takes a lender to package an SBA 7(a) and 504 loan is “it depends.” Readers correctly pointed out that there is no…
Read MoreMain Street Monday — Manufacturing Day Provides Opportunities for SBA Lenders
September 24, 2018 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday — Manufacturing Day Provides Opportunities for SBA Lenders SBA lenders interested in positively supporting local manufacturing businesses in their communities, increasing their visibility and/or promoting loan opportunities can jump on this ever-growing bandwagon by becoming a sponsor, endorser or otherwise participate…
Read MoreFraud Friday — Feds Say Bank VP Embezzles $128K, Writes $700k in Fake Loans for Customer
September 21, 2018 Fraud Friday — Feds Say Bank VP Embezzles $128K, Writes $700k in Fake Loans for Customer By Dominic J Bartolone Contributing Editor, Fraud Friday A former Renasant Bank Vice President and his customer have been indicted on loan fraud charges totalling more than $850,000 . An eight-count indictment is filed against Max…
Read MoreColeman Movers & Shakers – Coleman Award Nominations Due 9/30. John Figmic, Countybank-Greenville
September 20, 2018 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers – Coleman Award Nominations Due 9/30. John Figmic, Countybank-Greenville Nominations Open in Coleman’s 2018 SBA Lender Professional Awards Main Street Lender of the Year SBA 7(a) Lender of the Year SBA 504 Lender of the Year Rural SBA or USDA…
Read MoreSBA Loan Packaging and Referral Fees – Know the Form 159 Rules
SBA Loan Packaging and Referral Fees – Know the Form 159 Rules Home Speakers Agenda Registration Compliance and the SBA Form 159; A Best Practice Guide to Reasonable Fees and Documentation: A 75 minute video webinar your staff can participate in. Date: Wednesday, August 26, 2020 Time: 2:00 p.m. Eastern Download a Registration Form Lenders…
Read MoreColeman Report Update! — Sponsored by SBA Complete — Community Advantage, Equity Ejection Fraud, Working Capital in Biz Aq Loans, Start-Up Equity Injection, Documenting Equity Injection, Tim Terry & Associates
September 19, 2018 By Bob Coleman Editor, Coleman Report Update Coleman Report Update! — Sponsored by SBA Complete — Community Advantage, Equity Ejection Fraud, Working Capital in Biz Aq Loans, Start-Up Equity Injection, Documenting Equity Injection, Tim Terry & Associates This Weeks Topics: Community Advantage Program Equity Injection Fraud Working Capital in Biz Aq Loans…
Read MoreSBA Hot Topic Tuesday — SBA Eliminates Standardized $2,500 SBA 7(a) and 504 Loan Packaging Fees
September 18, 2018 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Eliminates Standardized $2,500 SBA 7(a) and 504 Loan Packaging Fees The significant change to new form 159, “Fee Disclosure and Compensation Agreement,” is SBA no longer will allow the lender to charge a flat fee for all SBA…
Read MoreMain Street Monday — Main Street Optimism Hits Historical High
September 17, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Main Street Optimism Hits Historical High The NFIB Small Business Optimism Index soared to a new record in the survey’s 45-year history, topping the July 1983 highwater mark. The record-breaking figure is driven by small business owners executing on the plans…
Read MoreClose the SBA Franchise Loan 100% Compliant Every Time
Close the SBA Franchise Loan 100% Compliant Every Time Home Speakers Agenda Registration A Best Practice Guide for Closing the SBA 7(a) and 504 Franchise Loan — A 75 minute video webinar A Coleman Webinar Date: Wednesday, January 9, 2019 Time: 2:00 p.m. Eastern Download a Registration Form Professional SBA loan closers are under intense…
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