Coleman Report
SBA Hot Topic Tuesday — The $11MM Western SBA 504 Portfolio
August 16, 2016 SBA Hot Topic Tuesday — The $11MM Western SBA 504 Portfolio By Bob Coleman Editor, SBA Hot Topic Tuesday Clark Street Capital’s Bank Asset Network (“BAN”) proudly presents: “The $11MM Western SBA 504 Portfolio.” This exclusively-offered portfolio is offered for sale by two institutions (“Seller”). Highlights include: A total unpaid principal balance…
Read MoreFraud Friday — SIGTARP Scorecard, 58 Community Banker Convictions
August 12, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — SIGTARP Scorecard, 58 Community Banker Convictions SIGTARP (Special Inspector General for the Troubled Asset Relief Program) touts the number of bankers charged with criminal or civil fraud just broke the 100 person mark. Of course, unmentioned is the fact community bankers are going…
Read MoreMoody’s: How Banks Can Raise Their Game in Small Business Lending
August 15, 2016 Moody’s: How Banks Can Raise Their Game in Small Business Lending By Nancy Michael Senior Director, Enterprise Risk Solutions Moody’s Analytics Although the demand for small business credit remains high, banks the traditional providers of financing for this segment have continued a long and steady decline in small businesses lending. Small loans…
Read MoreColeman’s Movers and Shakers — First Bank Announces the Launch of a National SBA Lending Division
August 11, 2016 Coleman’s Movers and Shakers — First Bank Announces the Launch of a National SBA Lending Division By Bob Coleman Editor, Coleman’s Movers and Shakers First Bank Announces the Launch of a National SBA Lending Division Stephanie Dunn has been named national sales manager for First Bank’s SBA Division. Dunn, formerly with Live…
Read MoreSBA Hot Topic Tuesday — Spring Cleaning SBA’s Regs
August 9, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Spring Cleaning SBA’s Regs SBA released this morning a proposed rule to streamline SBA processes and update or remove outdated provisions. Proposed changes include allowing lenders to obtain personal guarantees from minority shareholders, making cooperatives eligible for SBA financing…
Read MoreMain Street Monday — Small Business Lending Standards Relatively Unchanged
August 8, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Small Business Lending Standards Relatively Unchanged Says the Federal Reserve in its July 2016 senior loan officer survey. Overall, banks tightened credit standards for large and middle-market businesses For very small businesses, annual sales less than $5 million, credit standards remain…
Read MoreFraud Friday — SBA Fraud Charges Dismissed Against Arkansas Community Banker John Stacks
August 5, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — SBA Fraud Charges Dismissed Against ex-Arkansas Community Bank CEO The case is over for John Stacks who became a poster child with conservative groups for overzealous federal government led “gestapo” SWAT raids and wrongful prosecutions. His crime said the feds? Submitting false financial…
Read MoreColeman’s Movers and Shakers — Five Star Bank Names Vito Caraccio Senior Vice President, Director Of Business Banking
August 4, 2016 Coleman’s Movers and Shakers By Bob Coleman Editor, Coleman’s Movers and Shakers Five Star Bank Names Vito Caraccio Senior Vice President, Director Of Business Banking “We’re delighted to welcome Vito to Five Star Bank,” says Martin K. Birmingham, President and Chief Executive Officer of Financial Institutions, Inc. “His outstanding talent and exemplary…
Read MoreC-Suite Wednesday — SBA New Affiliation Rules, New Stimulus Loan Deadlines, New Matrix
August 3, 2016 By Bob Coleman Editor, C-Suite Wednesday Unilateral Action Matrix for 7(a) Loan Servicing-Liquidation Version 13 07/20/2016 Click to access Unilateral_Action_Matrix_for_7a_Loan_Servicing-Liquidation_V-13.pdf Small Business Jobs Act Funding Expiration (7(a) and 504 Loans) Effective: July 26, 2016 Click to access 5000-1386-1.pdf New Regulations Governing Affiliation for SBA Business Loan, Disaster Loan, and Surety Bond Guarantee…
Read MoreSBA Hot Topic Tuesday — SBA Secondary Market Quotes
August 2, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA 7(a) Secondary Market Quotes Maturity Spread Price Weekly % Change Monthly % Change 8 Years P + 2.75 109.500 +0.11% -0.18% 10 Years P + 2.75 113.350 +0.19% -0.30% 15 Years P + 2.75 113.400 +0.13% -0.52% 20 Years P + 2.75…
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