Coleman Report

April 6, 2017 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman Movers & Shakers — Scott Ellison to Lead Horizon Bank SBA Lending Team Scott Ellison to Lead Horizon Bank SBA Lending Team Michigan City, Indiana-based Horizon Bank is adding an SBA lending team to its Grand Rapids branch, which opened last month. The…

April 5, 2017 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Main Street Optimism Highest since 2012 Says Capital One Check out the stats: Fifty-percent of all small business owners report their financial position is about the same as a year ago and 50 percent also expect to be in a better position six…

April 4, 2017 By Bob Coleman Editor, Coleman Report SBA Hot Topic Tuesday Second Edition — Congressional Hearing about SBA Scheduled for Wednesday at 11 A.M. Eastern The House Small Business Committee will hold a hearing Wednesday morning, April 5 at 11 a.m. Eastern, “Taking Care of Small Business: Working Together for a Better SBA.”…

April 4, 2017 By Bob Judge Editor, The CPR Report SBA Hot Topic Tuesday — SBA 7(a) Prepays Fall Back Below 8% In February, prepays fell by 25%, going below CPR 8% for the first time this year. Double-digit decreases in both defaults (CDR) and voluntary prepayments (CRR) led to the decrease. Specifically, defaults fell…

April 3, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — What Makes a Successful Woman Entrepreneur? SBA Administrator Linda McMahon penned a great blog post last week about risk-taking for Main Street woman entrepreneurs. She writes: Entrepreneurs know that every small business starts with taking a risk. We have an idea…

March 31, 2017 By Bob Coleman Editor, Fraud Friday Fraud Friday — I will Physically attack any Witness from my Seat at my Trial who says Ponzi says Former SBA License Owner Mark Feathers The sad saga of Mark Feathers took another bizarre twist when a judge revoked his $250,000 bail bond last week. The…

March 30, 2017 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers and Shakers Thursday — Golden State CDC Appoints Miguel Angel Juárez as President SBA Professional Lending Conference Updates Early Pricing Ends for Two Regional SBA Lending Events Friday, March 31 America East Conference 2017, August 2-4, Boston FLAGGL 2017, September 12-15, Orlando…

April 11, 2017 By Bob Coleman Editor, Coleman Report Special Edition Coleman Report Special Edition — Participate in Coleman’s SBA Staff Compensation Survey and Receive a Free Report! Coleman’s 2017 SBA Department Compensation Survey This year Coleman is expanding its annual SBA industry compensation report to include other SBA lending professional job descriptions: SBA Loan…

March 28, 2017 By Ben T. Nicholson President, Fortis Business Advisors SBA Hot Topic Tuesday — 5.5% of SBA 7(a) Loans Approved Last Year will go Delinquent — Workout Tips for Solvency Of the estimated 73% of small businesses which use financing to fund their business, some will default. Current delinquency statistics on small business…

March 27, 2017 By Bob Coleman Editor, Main Street Monday Main Street Monday — Amazon and Paypal Main Street Lending Almost at $1 Billion Portfolio Balance Last year Amazon Lending’s outstanding loan balance hit $400 million. Paypal’s small business lending balance exceeds $550 million. Amazon’s loans are on an invite-only basis to its merchants to…