Coleman Report

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…

April 24, 2017 By Bill Tryon Guest Contributor Chief Strategy Officer Partner Engineering and Sciences, Inc. Main Street Monday — Lenders Demand Developers Minimize Risk in Construction Lending Will immigration restrictions affect the construction industry? Will changes to bank regulations make it easier to finance construction projects? Will the Keystone Pipeline compound the industry’s issue…

April 20, 2017 By Bob Coleman Editor, Coleman’s Movers & Shakers Coleman’s Movers & Shakers — Ron Feldman Appointed Chief Development Officer of ApplePie Capital Ron Feldman Appointed Chief Development Officer of ApplePie Capital “ApplePie is uniquely positioned to transform franchise finance by using technology and franchise data in new and innovative ways to make…

April 19, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Small Business Lenders Next on CFPB’s List The CFPB says it will target small business lenders in 2017 to ensure fair lending. I assumed, along with most in the industry, that the CFPB would announce its rules about small business lending data collection…

April 18, 2017 By Bob Coleman Editor, Coleman Report SBA Hot Topic Tuesday — HSBC Settles SBAExpress Guaranty Purchase False Claims Act Lawsuit for $2.1 Million Back in 2006 HSBC commissioned an internal review to identify default rates of its small business lending portfolio. HSBC uncovered a number of SBAExpress loans where borrowers had submitted…

April 17, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Community Banks, Credit Unions, CDFIs Shine in Small Biz Loan Customer Satisfaction And online lenders ranked lowest in customer satisfaction in the just released Federal Reserve Bank Small Business Credit Survey. Online lenders are defined as nonbank alternative and marketplace lenders,…

April 14, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — Banker who Wanted to become a Sports Agent and a Movie Producer, Guilty of Bribery Rodney Dunn, 40, was a vice president and a bank loan officer for Maryland-based Harbor Bank In 2009, Dunn met Darryl Clements, who he thought was a loan…

April 13, 2017 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman Movers & Shakers — Fred and Terry Crispen Join United Midwest Savings Bank “We believe there is tremendous opportunity in this segment, and Fred and Terry give us great confidence in our ability to serve this niche,” says Craig Street, United Midwest’s EVP…

April 25, 2017 Using Technology and Analytics to Optimize Every Step of Small Business Lending An Interview with Nancy Michael Senior Director, Product Strategy Moody’s Analytics Where do you see the biggest opportunities to improve the small business lending process? We see opportunities for improvement across every stage of the process, starting even before a…

April 10, 2017 SBA Hot Topic Tuesday — Top 11 Reasons for LGPC Credit Memo Screen-Outs By Bob Coleman Editor, SBA Hot Topic Tuesday The number one reason for LGPC screen-outs is an incomplete credit memo, as we learned from last week’s Office of Capital access quarterly call. Here are the top 11 factors leading…