Coleman Report
Spotlight: Lender Friendly Franchise Brand– Nothing Bundt Cakes
February 3, 2016 Ron Feldman Chief Development Officer, FRANdata Even if you are not a sports fan, most of us have still heard the phrase, “Nothing but net!” at some point in time. If you are a die-hard sports fan like myself though, it immediately conjures up images of a calm, cool and collected NBA…
Read MoreColeman’s Movers and Shakers
February 4, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers and Shakers SBA Annouces Betsy Markey as Region VIII Administrator The U.S. Small Business Administration on Monday announced that Betsy Markey, a Colorado congresswoman from 2009 to 2011, will become the regional administrator for Colorado and neighboring states. She succeeds Matt Varilek…
Read MoreSBA Hot Topic Tuesday — The 504 Lending Program is an Effective Mean of Economic Development Activity
Guest Editorial By Tom Wallace President, IDS Corporation SBA Hot Topic Tuesday — The 504 Lending Program is an Effective Mean of Economic Development Activity Last week, The Coleman Report featured an informal survey which indicated that 23% of the respondents felt that CDCs were not prudent economic development agents. If math serves us well,…
Read MoreMain Street Monday — Can Capital Surpasses $5 Billion in Small Business Fundings
February 1, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Can Capital Surpasses $5 Billion in Small Business Fundings Daniel DeMeo is CEO of CAN Capital, the market share leader in alternative small business finance. He has held this position since early 2013, after joining the company as CFO in 2010.…
Read MoreFraud Friday — Banker Arrested in $150 Million Gas Station and Car Wash Loans Fraud
January 29, 2016 By Bob Coleman Editor. Fraud Friday Fraud Friday — Banker Arrested in $150 Million Gas Station and Car Wash Loans Fraud “SIGTARP agents arrested a former bank executive from Beverly Hills whose alleged $150 million fraud contributed to the failure of Mirae Bank and caused $33 million in losses to $62 million…
Read MoreColeman’s Movers and Shakers
January 28, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers and Shakers Ed Randall Joins Fidelity Bank Ed Randall is a new Business Development Officer for Fidelity Bank. He has over 20 years of experience with SBA lending and understands the needs of a startup company, both professionally and personally. He has…
Read MoreC-Suite Wednesday — CDC Proposed Rule Comments
January 27, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — CDC Proposed Rule Comments I have separated the comments into two categories. Today’s comments address specific aspects of SBA’s notice. Next week I will run the comments addressing broader issues such as CDC executive director compensation and the role of the CDC in…
Read MoreSBA Hot Topic Tuesday — 23% Say CDCs aren’t Prudent Economic Developers, 66% Say No to Limiting Executive Compensation
January 26, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — 23% Say CDCs aren’t Prudent Economic Developers, 66% Say No to Limiting Executive Compensation Thank you to the 79 who responded to the Coleman poll about SBA’s request for industry input to further clarify certified development company “economic development…
Read MoreMain Street Monday — Exiting a Business? Selling the Business vs. Selling the Inventory
January 25, 2016 by Ben T. Nicholson President of Fortis Business Advisors Main Street Monday — Exiting a Business? Selling the Business vs. Selling the Inventory Every business owner ultimately contemplates getting out of his/her business, either voluntarily or involuntarily. The owner may be seeking a new challenge, exhausted, addressing a downturn or bankruptcy, or…
Read MoreFraud Friday — Borrower Gets 6 Months Home Confinement for Lying to an SBA Lender
January 22, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Borrower Gets 6 Months Home Confinement for Lying to an SBA Lender The fraud by Justin Johnson and his wife consists of two parts. The couple was nailed when Penny Johnson answered “no” on line 16 of SBA Form 1919, “Will more than…
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