Coleman Report

March 3, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Paragon Small Business Capital Group Obtains Preferred Lenders Program Status “This status is this highest standard in the small business lending industry, and it adds nationwide credibility to our team,” said Charles Yorke, President of the Paragon Small Business Capital Group. “It signifies that…

March 2, 2016 by Walter McLaughlin Contributor, Coleman Report C-Suite Wednesday — Five Need-to-Know Tips on SBA Construction Loans As we all are aware, SBA lending is a unique, highly-specialized niche. Less obvious but equally intuitive: so is construction lending. Put the two together and you have a challenging mix that offers great rewards at…

March 1, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — How to 504 Loan Job Creation and Retention SBA’s oversight of CDCs and the 504 loan program takes another step forward with guidance how to calculate job creation and retention. SBA Form 1253 defines “Jobs Created” as full-time equivalent…

February 26, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Another Community Bank CEO Indicted on 14 Counts of Bank Fraud Viewing “The Big Short” the other day, the movie reinforces the fact only one Wall Street banker — from Credit Suisse — has been jailed in connection with the Wall Street mortgage…

February 18, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Jon Daly Joins Renasant Bank, SBA Lending Team Announced “The superior level of talent and expertise within Renasant provides us with an unparalleled advantage in the small business lending arena. We are excited by the many growth opportunities we see ahead, and we look…

February 24, 2016 By Bob Judge Editor, CPR Report C-Suite Wednesday — SBA 7(a) Prepays Dip Below 8% in December In December, prepays moved below 8% for the first time since September of this year. Defaults fell by 47% reaching another all-time record low of CDR 0.52%. Overall prepayments fell by 16% to 7.69% from…

A Personal Invitation to Meet the USDA B&I Staff in Washington DC If your lending footprint includes Rural America, you need to come to Washington in April to learn how USDA’s Business and Industry proposed loan program changes will affect your institution. Mike Thomas of Thomas USAF and I welcome you to join us as…

February 23, 2016 By Bob Coleman Editor, Coleman Report SBA Hot Topic Tuesday — Is Rural Lending Important to You? This edition of SBA Hot Topic Tuesday focuses on its sister program USDA’s Business & Industry Loan Program. Today, we have a survey and invitation to meet the Washington DC USDA B&I staff in April.…

February 22, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — FY17 Budget Calls for $27 Billion SBA 7(a) Program President Obama’s fiscal year 2017 budget proposes increasing the SBA 7(a) loan program from $23 billion to $27 billion. The 2017 Budget continues upfront fee waivers on 7(a) loans up to $150,000…

February 19, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — SBA 7(a) Loan Borrower Gets 2 Years for Using Loan Proceeds to Buy a House Of course, Stewart Harris did more than that, but this is another criminal prosecution of an SBA loan borrower whose business failed under during the Great Recession. Remember,…