Coleman Report
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…
Read MoreSBA 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…
Read MoreMain 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…
Read MoreFraud 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…
Read MoreCPR 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…
Read MoreColeman 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…
Read MoreColeman Movers & Shakers — Zach Renta, Coleman Receives Industry Awards
May 17, 2018 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Zach Renta, Coleman Receives Industry Awards Zach Renta Promoted to Senior Vice President of Alliance Capital “We are extremely proud of the work and contribution Zach has made to the Birmingham Business Community in just a few short years”,…
Read MoreC-Suite Wednesday — PayPal is a Serious Small Business Lender
May 16, 2018 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — PayPal is a Serious Small Business Lender Paypal, Amazon and Alibaba pose more of a threat to traditional lenders than the Fintech industry. As Fintech ebbs and flows, these high tech giants are starting to put up some serious small business lending numbers.…
Read MoreCORRECTED: SBA Hot Topic Tuesday — OIG Estimates $28 Million in Improper 7(a) Guaranty Purchases in FY17
May 15, 2018 CORRECTED: SBA Hot Topic Tuesday — OIG Estimates $28 Million in Improper 7(a) Guaranty Purchases in FY17 This corrected version corrects an embarrassing typo highlighted below. By Bob Coleman Editor, SBA Hot Topic Tuesday Last year SBA purchased $661 million in 7(a) guaranties from lenders. OIG estimates 4.3% of purchases were “improper”…
Read MoreMain Street Monday — Main Street Earnings at Historic Highs, 50% Don’t Need Credit
May 14, 2018 By Bob Coleman Editor, Main Street Monday Main Street Monday — Main Street Earnings at Historic Highs, 50% Don’t Need Credit From the April 2018 Small Business Economic Trend Report: CREDIT MARKETS Thirty-two percent reported all credit needs met (up 1 point), and 50 percent said they were not interested in a…
Read More