Coleman Report
C-Suite — SBA 7(a) Prepays Back Above 8%
January 6, 2016 by Bob Judge Editor, CPR Report C-Suite — SBA 7(a) Prepays Back Above 8% In October, prepays moved back above 8% for the second time in the last six months. Defaults rose by 55%, but stayed below CDR 2% for the 26th month in a row. Overall prepayments rose by 3% to…
Read MoreSBA Hot Topic Tuesday — Mandatory SBA CLS Account Recertification
January 5, 2016 By Bob Coleman Editor, Hot Topic Tuesday SBA Hot Topic Tuesday — Mandatory SBA CLS Account Recertification Any SBA lender using the Capital Access Login System, (Etran and SBAOne) must re-certify users accounts and access rights between January 11th and February 11th. “Accounts that are not recertified by the end of the…
Read MoreMain Street Monday — 67% of you Hit Your Numbers in 2015
January 4, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — 67% of you Hit Your Numbers in 2015 And 85% say small business loan volume and revenues will increase in 2016 according to our New Year’s Eve survey. Personal pay? 90% say compensation will increase by an average of 5%. Challenges…
Read MoreC-Suite Wednesday — What will your Numbers be in 2016?
December 30, 2015 By Bob Coleman Editor, C-Suite Wednesday Please take 30 seconds for these five quick Coleman poll questions! I hit most of my goals in 2015 yes no Small business loan volume percentage change in 2016 will be: Department net margin percentage change in 2016 will be: Personal income percentage change in 2016…
Read MoreSBA Hot Topic Tuesday — Community Advantage Program Extended through 2020
December 29, 2015 SBA Hot Topic Tuesday — Community Advantage Program Extended through 2020 By Bob Coleman Editor, SBA Hot Topic Tuesday The Community Advantage Pilot Program allows CDCs and CDFIs to fund SBA 7(a) loans to small businesses in underserved areas. Originally set to expire March 2017, SBA has extended the pilot for three…
Read MoreMain Street Monday — CPFB New Database Defines Rural and Underserved Loans
December 28, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday — CPFB New Database Defines Rural and Underserved Loans You might find this database useful to document your rural or underserved market loans. Simply enter the address, and you receive an immediate determination. The CFPB says a creditor may rely on this…
Read MoreColeman Movers & Shakers — Georgia SBA Icon Eugene Merriday, Sr. Passes at 79
December 23, 2015 By Bob Coleman Editor, Movers & Shakers Georgia SBA Icon Eugene Merriday, Sr. Passes at 79 Eugene Merriday, Sr. married Barbara 0. Saunders at Abyssinian Baptist Church in Harlem, New York on August 17, 1963. They later moved to Atlanta where he received a Broker’s License from the Georgia Institute of Real Estate…
Read MoreSBA Hot Topic Tuesday — SBA 504 Refinance is Now the Law of the Land!
December 22, 2016 By Bob Coleman Editor, Coleman Report SBA Hot Topic Tuesday — SBA 504 Refinance is Now the Law of the Land! Well, technically Congress has granted the SBA Administrator the authority to write the rules (which some estimate will take up to six months.) This is what we know today. SBA 504…
Read MoreMain Street Monday — Dealstuck Combines Alternative Lending Market Strategies with Old School Touch
December 21, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday — Dealstuck Combines Alternative Lending Market Strategies with Old School Touch As CEO, Ethan leads all institutional and marketplace lending relationships and drives the company’s product strategy. Before founding Dealstruck, Ethan ran Internet marketing for lead generation startup Ampush Media, growing annual…
Read MoreCongress Passes SBA 504 Refinance Program
December 18, 2015 By Alex Cohen, CEO, Liberty SBF Congress Passes SBA 504 Refinance Program After years of advocating on Capitol Hill by commercial real estate industry leaders, the SBA 504 Loan Refinancing Program has been permanently reinstated more than three years after it expired in 2012. Also known as the Commercial Real Estate and…
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