Coleman Report
SBA Hot Topic Tuesday — SBA 7(a) Secondary Market Quotes
June 21, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday Maturity Price Gross Margin Service Fees Net Margin Prime Rate 8 Yrs. 109.75000 2.750% 1.0000% 0.5980% 1.1520% 3.50% 10 Yrs. 113.70000 2.750% 1.0000% 0.5980% 1.1520% 3.50% 15 Yrs. 114.00000 2.750% 1.0000% 0.5980% 1.1520% 3.50% 20 Yrs. 116.12500 2.750% 1.0000% 0.5980% 1.1520% 3.50% 25 Yrs.…
Read MoreMain Street Monday — Five Quick Small Business Stats — Owner Comp and Employment Numbers
June 20, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Five Quick Small Business Stats — Owner Comp and Employment Numbers I love stats. Since you are reading this, I suspect you are one of the number crunching aficionados out there also. Today’s stats courtesy of the SBA Office of Advocacy.…
Read MoreColeman’s Movers and Shakers
June 16, 2016 By Bob Coleman Editor, Movers and Shakers Liberty SBF Secures $75 Million in B Round Capital Raise, Expands Credit Facility Commitments, Expands Relationship with Capital One “Liberty SBF expects to originate over $200MM in 504 loans in the next 12 months on asset types that range from industrial and self-storage facilities to…
Read MoreC-Suite Wednesday: CPR Report — SBA 7(a) Prepays Go Above 8%
June 15, 2016 C-Suite Wednesday: CPR Report — SBA 7(a) Prepays Go Above 8% By Bob Judge Editor, CPR Report In April, prepays jumped back above CPR 8% for the first time this year. The cause of this increase was a double-digit rise in both voluntary prepayments (CRR) and defaults (CDR). Specifically, voluntary prepayments rose by…
Read MoreSBA Hot Topic Tuesday — ABA, ICBA Urge Changes to Small Business Lending Oversight Bill, SLPC Update
June 14, 2016 By Bob Coleman Editor, Hot Topic Tuesday SBA Hot Topic Tuesday — ABA, ICBA Urge Changes to Small Business Lending Oversight Bill, SLPC Update Last week, the Senate Small Business and Entrepreneurship Committee reported the Small Business Lending Oversight bill out of committee and sent it to the full Senate. “Passing these…
Read MoreMain Street Monday — Beware of the VIP Syndrome in Lending
June 13, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Beware of the VIP Syndrome in Lending Celebrity Worship Wednesday has been a frequent blog topic for me in the past. Lenders become in awe of the borrower and make foolish mistakes causing millions of dollars in losses to their shareholders.…
Read MoreFraud Friday — Georgia Banker Gets 7 Years for Bank Fraud, Refinancing Non-Performing Loans with an SBA Guaranty
June 10, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Georgia Banker Gets 7 Years for Bank Fraud, Refinancing Non-Performing Loans with an SBA Guaranty “Today, another TARP banker was sentenced to jail for hiding a bank’s past due loans during the crisis to make the bank appear healthy,” says Christy Goldsmith Romero,…
Read MoreLiberty SBF Secures $75 Million in B Round Capital Raise, Expands Credit Facility Commitments
June 9, 2016 Liberty SBF Secures $75 Million in B Round Capital Raise, Expands Credit Facility Commitments Includes Increase to Credit Facility Led By Capital One Bank; Company Meets Surging Need From Small Business Owners For Commercial Property Financing Liberty SBF (www.LibertySBF.com), the experts in commercial real estate lending, announced today that it has added…
Read MoreSBA Tech Issues Disrupting Main Street Fundings
June 9, 2016 SBA Tech Issues Disrupting Main Street Fundings By Bob Coleman Editor, Coleman Report 90% of the industry says SBA’s recent email and 504 processing issues and are directly impacting their ability to deliver capital to Main Street. With Sacramento off the grid, and lack of certainty if emails are being delivered, lenders…
Read MoreC- Suite Wednesday — SBA 504 Loan Program Update and New Forms
June 8, 2016 By Bob Coleman Editor, C-Suite Wednesday C- Suite Wednesday — SBA 504 Loan Program Update and New Forms Several lenders have reached out to me expressing their frustration of SBA’ s recent email and 504 processing problems. This is obviously a concern given the significant amount of refi applications beginning June 24th.…
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