Coleman Report

May 4, 2017 By Bob Coleman Editor, SBA Hot Topic Thursday Special Edition SBA Hot Topic Thursday Special Edition — Seven More Moves for Linda! Yesterday I published a guest editorial of the seven moves SBA Administrator Linda McMahon could make to improve the 504 loan program. Nice, positive feedback from a lot of you,…

May 4, 2017 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Union Bank Names 4 SBA BDOs “Small business owners across the West Coast are optimistic about the business opportunities ahead and we are expanding our team to support their growing needs,” says Kristen (Didi) Hakes, head of SBA Lending.…

May 3, 2017 By Bob Coleman Editor, Coleman Report SBA Hot Topic Tuesday — SBA 7(a) Secondary Market Quotes as of May 3, 2017 Maturity Spread Price 6 Month % Change 8 Years P + 2.75 109.550 +0.28% 10 Years P + 2.75 114.550 +2.05% 15 Years P + 2.75 114.400 +0.79% 20 Years P…

May 3, 2017 By Chris Hurn Guest Contributor C-Suite Wednesday: Seven Moves the New SBA Administrator Can Make to Smackdown Tepid Economic Growth While Championing Small Businesses If you were a child or had children in the past 30 years or so, there is a fair chance that you have at least a passing knowledge…

May 2, 2017 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Lending, Small Biz Lending Stalls Of all of the monthly and quarterly reports tracking small business lending and optimism, I believe the Thomson Reuters/PayNet Small Business Lending Index is one of the most accurate. March’s report, released yesterday,…

May 1, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — National Small Business Webinars and Fresno Event Here are some useful National Small Business Week free webinar events that you, your staff, or your small business clients may find useful. The U.S. Economic Outlook and Its Impact on Small Businesses Presented…

April 27, 2017 Fraud Friday — SBA Borrower Guilty of Loan Fraud for Failing to Disclose Payroll Tax Liability By Bob Coleman Editor, Fraud Friday Guilty as charged Clinton Tackitt told the judge. Clinton got a $1.5 million SBA-guaranteed loan for his business, Allied Roofing Systems, LLC, in 2012. Problem is the application to Missouri-based…

April 27, 2017 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers — Former Sacramento SBA District Director Joins Golden Pacific Bank as EVP and Chief Business Officer “It is with great pleasure that we welcome Joe McClure to our team,” says Richard Claussen, Chairman of GPB. “Joe has vast experience with…

April 26, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — 61% of Main Street Faced Financial Challenges in 2016 More cool stats from the Federal Reserve Banks’ 2016 Small Business Credit Survey. Financial Challenges 61% of Main Street faced financial challenges in 2016. The Solution? Debt loads Small Business Expectations Anticipated Revenue Change…

April 25, 2017 SBA Hot Topic Tuesday — Effective May 1 SBA to Require Specific Rate Adjustment Note Language in 7(a) Secondary Market Sales By Bob Coleman Editor, SBA Hot Topic Tuesday SBA will require Colson to verify SBA 7(a) notes include the date of the first rate adjustment in order to complete the sale…