Coleman Report

June 19, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Amazon Tops $1 Billion in Small Business Lending in Past 12 Months “We created Amazon Lending to make it simple for up-and-coming small businesses to efficiently get a business loan, because we know that an infusion of capital at the right…

June 15, 2017 By Bob Coleman Editor, Colemans Movers and Shakers Coleman Movers & Shakers — The Bancorp Small Business Lending Unit Adds Five New Officers The Bancorp Small Business Lending Unit Adds Five New Officers “The Bancorp welcomes the expertise and potential these new officers add to our lending capabilities,” says Jeff Nager, Executive…

June 13, 2017 By Bob Judge Editor, CPR Report SBA Hot Topic Tuesday — 7(a) Prepays Go Back Above 9% In April, prepays rose by 42%, going back above CPR 9% after a two month respite. An increase in both voluntary prepayments (CRR) and defaults (CDR) lead to the rise in the CPR. Specifically, voluntary…

June 12, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — 20% of Self Employed Born Outside of the U.S. Stats to know. Over the last 20 years, the role of immigrant entrepreneurs has grown. The percentage of the self-employed who were born abroad more than doubled between 1994 and 2015, growing…

June 9, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — SBA 7(a) Borrower Pleads Guilty for Failure to Disclose $600k in Delinquent Payroll Taxes In 2012, Clinton Tackitt, 43, received a $1.5 million SBA 7(a) loan from Guaranty Bank for his company, Allied Roofing Systems. The problem is he failed to tell the…

June 8, 2017 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers & Shakers — Brian Clegg Named Vice President at Acclivity Financial for Rocky Mountain and Midwest Markets Brian Clegg Named Vice President at Acclivity Financial for Rocky Mountain and Midwest Markets “Brian has an extensive SBA background and a great reputation in…

June 7, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Did You Know SBA Considers Rural America as one of the the 4 Underserved Access to Capital Markets? The other three? Minority Women Veteran So, make sure you are identifying all of your SBA 7(a) and 504 loans that are “rural” loans. (This…

June 6, 2017 By Bob Coleman Editor, Coleman Report SBA Hot Topic Tuesday — SBA 7(a) Secondary Market Quotes as of June 6, 2017 Maturity Spread Price Monthly % Change 8 Years P + 2.75 109.250 -0.274% 10 Years P + 2.75 113.250 -1.135% 15 Years P + 2.75 114.625 +0.197% 20 Years P +…

June 5, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Half of Millennials Plan to Start a Small Business in the Next 3 Years And 62% say they want a business that makes money, specifically “lots of money,” rather than a business that is “lots of fun.” Being one’s own boss…

June 2, 2017 Coleman Report Special Edition — What’s Not to Like on National Donut Day?! By Bob Coleman Editor, Coleman Report Yep, even doughnut entrepreneurs get a day! This morning, NADCO tweeted, We got a list. First, the stats. In the last ten years, Baked Good Stores, which include donut shops, received 45 SBA…