Coleman Report

December 17, 2015 By Bob Coleman Editor, Coleman’s Movers and Shakers Valley Economic Development Company Names Robert Lopez COO “Robert’s experience in alternative lending will enable us to fulfill even more completely our mission of creating economic opportunity that strengthens communities,” says VEDC Chief Executive Roberto Barragan. Robert will oversee daily operations of the VEDC’s…

December 16, 2015 Biz Journal’s Kent Hoover Talks Washington and Small Business By Bob Coleman Editor, Coleman Report Bob Coleman: Kent Hoover is the Washington Bureau Chief of the Business Journals. He is Mr. Small Business. What’s going on in Washington Kent? Tell us what’s happening with Congress. Kent Hoover: Well this could be a…

December 15, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — The 2015 Top 25 Community Advantage & Microloan Lenders According to the SBA’s Office of Economic Opportunity, the top 25 Community Advantage lenders made 1,334 to start-ups and other small businesses for $89 million. Community Advantage loans range from…

December 14, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday — Why Transparency is Critical for Main Street Borrowers Ami Kassar, CEO and Founder of MultiFunding, is a nationally renowned small business advocate and leader. He is committed to ensuring that small business owners have the best possible access to the capital…

December 11, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — Nik Patel Indicted on 5 Counts of Fraud Fourteen months after his arrest in a $179 USDA b&i million loan fraud, the feds have formally charged Nik with five counts of fraud. Patel is accused of selling 26 fake loans to Pennant Management.…

December 10, 2015 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers and Shakers Winston N. Bandong Joins California Bank of Commerce “We are excited to have Winston lead our new SBA Lending Group. Winston has successfully built, grown, and managed SBA teams in the San Francisco Bay Area and we’re looking forward to…

December 9, 2015 By Walter McLaughlin Senior Vice President, Banner Bank Contributor, C-Suite C-Suite — Is the Change of Ownership Boom Peaking? In life, the relationship between supply and demand is so straightforward that even infants understand the principle. When supply is high (i.e., Gerber’s Mixed Vegetables), its relative value diminishes; when supply is low…

December 8, 2015 5 Reasons Why SBA 7(a) Secondary Market Levels Dropped in August 2015 by Scott Evans Partner Government Loan Solutions The SBA 7(a) Secondary market witnessed premiums drop in August and September 2015 for the following reasons: 1. Excess of supply led to large positions with pool assemblers 2. Concern over rising rate…

December 7, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday — Alternative Lenders Access Online Bank Data for Quick Loan Approvals Marc Glazer is President and CEO of BFS Capital, a technology-enabled financing platform that provides loans of up to $2 million for small businesses in all 50 states, Canada, and the…

December 4, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — Sentencing in January for Arkansas Bank Prez Guilty of Loan Fraud Former Avest Bank President for Benton County, Dennis Smiley will find out how long he will be living in federal custody next month. Dennis pled guilty to one count of loan fraud…