Coleman Report
Coleman Survey Shows 88% Disapprove to SBA Loan Program Name Changes
November 3, 2016 By Bob Coleman Editor, Coleman Report Coleman Survey Shows 88% Disapprove to SBA Loan Program Name Changes SBA’s renaming of the SBA 7(a) and 504 loan program has met with overwhelming industry disapproval of the rebranding effort. Renaming 7(a) as SBA Advantage only garners 11% support — 81% disapprove. Renaming 504 as…
Read MoreA Coleman One-Minute Poll — What do you think of SBA Loan Programs Name Changes?
November 2, 2016 By Bob Coleman Editor, Coleman Report A Coleman One-Minute Poll — What do you think of SBA Loan Programs Name Changes? I received several comments regarding the SBA Advantage Loan Program and the SBA Grow Loan Program, formerly known as 7(a) and 504. SBA announced the name changes yesterday, “effective immediately.” What do…
Read MoreSBA Hot Topic Tuesday — SBA Renames 7(a) and 504 to Advantage and Grow
November 1, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Renames 7(a) and 504 to Advantage and Grow Effective today! The 7(a) Loan Program has been changed to the SBA Advantage Loan Program. The 504 Loan Program has been changed to the SBA Grow Loan Program All policies,…
Read MoreMain Street Monday — 20% of Self-Employed are Immigrant Entrepreneurs
October 31, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — 20% of Self-Employed are Immigrant Entrepreneurs SBA’s Office of Advocacy publishes great content about Main Street and the operators of those small businesses. This October report focuses on the positive impact of immigration and small business creation. An excerpt: The benefits…
Read MoreFraud Friday — SIGTARP Proposes Rules to Make Wall Street C-Suite Bank Officers Criminally Liable for Institutional Fraud
October 28, 2016 By Bob Coleman Editor, Fraud Friday The list is long of community bankers who are paying the price for their institution’s failures — SIGTARP boasts 85 indictments, but not one Wall Street Banker is on the list. Now TARP’s Inspector General, Christy Romeo, wants the tools to go after those Wall Street…
Read MoreColeman Movers and Shakers — AJ Nosek is Partner Engineering’s New National Client Manager
October 27, 2016 By Bob Coleman Editor, Coleman Movers and Shakers Coleman Movers and Shakers — AJ Nosek is Partner Engineering’s New National Client Manager AJ Nosek is Partner Engineering’s New National Client Manager “We’re happy to have AJ join us at a time where it is increasingly important for banks and lenders to manage…
Read MoreC-Suite Wednesday — Top 10 Need-to-Know SBA Hot Topics
October 26, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — Top 10 Need-to-Know SBA Hot Topics Every quarter SBA hosts a conference call with its senior staff. The top ten highlights from this month’s call. SOP 5010 updates are expected by the end of year SOP updates will include streamlined franchise and affiliation…
Read MoreSBA Hot Topic Tuesday: SBA 7(a) Prepays Move Below 8%
October 25, 2016 By Bob Judge Editor, CPR Report SBA Hot Topic Tuesday: SBA 7(a) Prepays Move Below 8% In August, prepays fell by 15%, going below CPR 8% for the first time since March. A fall in both defaults (CDR) and voluntary prepayments (CRR) was the cause of the decrease. Specifically, defaults fell by…
Read MoreFraud Friday — Former Chairman Loots his Bank to Pay off $800,000 of Credit Card Debt, Buys Houses for Kids
October 21, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Former Chairman Loots his Bank to Pay off $800,000 of Credit Card Debt, Buys Houses for Kids Check out this story by Linda Satter of the Arkansas Democrat-Gazette about the widespread fraud at One Bank. Two former Arkansas bank execs are on trial…
Read MoreColeman Movers & Shakers Thursday, October 20, 2016
October 20, 2016 By Bob Coleman Editor, Coleman Movers & Shakers Coleman Movers & Shakers BNC Hires Mark Jackson as Senior Business Development Officer, Janet Matthew and Bert Register as BDO “I’ve lent to virtually every industry from hotels, restaurants and convenience stores to manufacturing, power plants, cemeteries and even landfills,” says Jackson. “I enjoy…
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