Coleman Report
SBA Hot Topic Tuesday — Top 2015 SBA Hotel Lenders
May 17, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday For the calendar year 2015: Top Ten 7(a) Lenders by Loan Amount (2015) January 1, 2015 – December 31, 2015 721110 — Hotels (except Casino Hotels) and Motels BBCN Bank — 41 7(a) Loans $77,216,500 (Gross Approval) Pacific Premier Bank — 37 7(a) Loans $74,631,826 (Gross…
Read MoreFraud Friday — Banker, Movie Producer Charged in PhotoShopping $13 Million of Fake Financing Docs to Secure $2.5 Million Loan
May 13, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Banker, Movie Producer Charged in PhotoShopping $13 Million of Fake Financing Docs to Secure $2.5 Million Loan “Rodney Dunn is charged with using his employment at a TARP bank to defraud lenders in a movie production financing scheme,” says Christy Goldsmith Romero, Special…
Read MoreColeman’s Movers and Shakers
May 12, 2016 Coleman’s Movers and Shakers By Bob Coleman Editor, Coleman’s Movers and Shakers ReadyCap Lending hires Mark Gibson as the new National Sales Manager “We are thrilled to bring such a competent leader on board to spearhead our business growth initiatives,” says John Moshier, president of ReadyCap. “Mark is a proven leader in…
Read MoreC-Suite Wednesday — 67% of U.S. Small Biz Exporters Demand Payment Up Front
May 11, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — 67% of U.S. Small Biz Exporters Demand Payment Up Front Is one of the results of NSBA’s 2016 small business exporting survey. “Global market volatilities and a strong U.S. dollar have contributed to a slowdown in export activity among small firms,” says NSBA…
Read MoreSBA Hot Topic Tuesday — SBA Form 159 May Now be Submitted via SBA One
May 10, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Form 159 May Now be Submitted via SBA One For Loans Originated in SBA One 1. After the loan is approved and the SBA Loan Number is issued and in Funded Status, SBA Form 159(7a) may be generated…
Read MoreFraud Friday — Jury Convicts Two Nova Bank Execs of TARP Fraud, Lying to the Feds
May 6, 2016 By Bob Coleman Editor, Fraud Friday Pennsylvania based-Nova bank’s top two execs are guilty of conspiracy, TARP fraud and two counts of making false statements. Former CEO Brian Hartline, 51, was found not guilty of bank fraud while past Chairman Barry Bekkedam, 48, was found not guilty of bank and wire fraud…
Read MoreColeman’s Movers and Shakers
May 4, 2016 Coleman’s Movers and Shakers By Bob Coleman Editor, Coleman’s Movers and Shakers Doug Hood Joins Community Capital Finance as Director of SBA Loan Division “Doug brings a wealth of knowledge and experience in the SBA arena that will allow us to further serve our clients’ needs. We are very glad to have…
Read MoreFountainhead Commercial Capital Secures $23 Million for Small Business Lending
Fountainhead Commercial Capital Secures $23 Million for Small Business Lending Setting Stage to Become Nation’s Largest SBA 504 Lender ORLANDO, May 4, 2016 – Fountainhead Commercial Capital today announced a significant investment that will enable the forward-thinking SBA 504 lender to expand its footprint and offer commercial loans for owner-occupied commercial real estate throughout the…
Read MoreSBA Hot Topic Tuesday — SBA CAPLines: Tools for the Toolbox
May 3, 2016 SBA Hot Topic Tuesday — SBA CAPLines: Tools for the Toolbox By Walter H. McLaughlin Coleman Report Contributor Senior Vice President/SBA Manager Banner Bank The importance of working capital to America’s small businesses simply cannot be overstated. In a general discussion about working capital, Investopedia says the following: When a company does…
Read MoreMain Street Monday — CPR Report: SBA 7(a) Prepays Stay Below 7%
May 2, 2016 Main Street Monday — CPR Report: SBA 7(a) Prepays Stay Below 7% By Bob Judge Editor, CPR Report In March, prepays fell further below CPR 7%, reaching a level not seen since April of 2013. The cause of this decrease was a double-digit fall in voluntary prepayments (CRR) that offset a rise…
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