Coleman Report
C-Suite Wednesday — Applicant’s Minority Status Soon to be a Factor in Small Business Lending Underwriter Decisions
November 18, 2015 C-Suite Wednesday — Applicant’s Minority Status Soon to be a Factor in Small Business Lending Underwriter Decisions By Bob Coleman Editor, C-Suite Wednesday Five years after the passage of Dodd-Frank, the CFPB is moving closer to determine if minorities are receiving fair access to capital in the small business lending market. Future…
Read MoreSBA Hot Topic Tuesday — Main Street Demand for Capital to Increase 46% in Next Year
November 17, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — Main Street Demand for Capital to Increase 46% in Next Year Bank of America’s Small Business Owner’s Report is a handy tool to brush up on need-to-know stats for small business lending professionals. It’s a slick presentation that reflects…
Read MoreMain Street Monday — Converting 100% of Accounts Receivable into Immediate Cash with a NOW Account
November 16, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday — Converting 100% of Accounts Receivable into Immediate Cash with a NOW Account As a serial entrepreneur, Lara Hodgson is passionate about helping small businesses GROW FEARLESSLY!™ She has an intimate understanding of the challenges small businesses face, having launched a number…
Read MoreFraud Friday — SBA 7(a) Loan Agent Fraud Totals $335 Million in 10 Years
November 13, 2015 By Bob Coleman Editor, Fraud Friday Part II of my coverage of SBA Inspector General’s top-ten challenges for the agency. Writes the OIG: “Since 2005, SBA OIG has investigated at least 22 cases with confirmed loan agent fraud totaling at least $335 million. “Further, OIG has determined that loan agents were involved…
Read MoreColeman’s Movers and Shakers
November 12, 2015 Coleman’s Movers and Shakers By Bob Coleman Editor, Movers and Shakers Scott Dykstra joins Redwood Credit Union’s business lending team “Scott has a proven history of building relationships and serving the lending needs of small businesses in the North Bay, and we’re excited to welcome him to our lending team,” says Mike…
Read MoreVeteran-owned Small Businesses Support Just Under 6 Million Jobs
November 11, 2015 Veteran-owned Small Businesses Support Just Under 6 Million Jobs By Bob Coleman Editor, Coleman Report Thanks to CDC Small Business for the following stats: There are 2.45 Million veteran-owned businesses. 9% of all U.S. firms are veteran-owned. Veteran-owned business support 5.79 million jobs. Veteran-owned businesses generate $1.2 trillion in revenues. Check out…
Read MoreSBA Hot Topic Tuesday — SBA Needs to Further Strengthen its Oversight of Lending Participants Says OIG
November 10, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — SBA Needs to Further Strengthen its Oversight of Lending Participants Says OIG SBA’s Inspector General issues an annual report card addressing the agency’s management challenges for the upcoming fiscal year. Three challenges directly impact SBA 7(a) and 504 lenders…
Read MoreMain Street Monday — How Minimum Wage Increases Affect Restaurant Cash Flow
November 09, 2015 Main Street Monday — How Minimum Wage Increases Affect Restaurant Cash Flow Courtesy of Gary Levy CPA, Hospitality Industry Practice Leader CohnReznick Twenty states had increased the minimum wage as of January 1, 2015 and now New York is joining those ranks at the end of this year. While intended to advance…
Read MoreFraud Friday — TierOne Bank CEO Guilty of 12 Counts of Bank Fraud Relating to Nebraska’s Largest Bank Failure
November 06, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — TierOne Bank CEO Guilty of 12 Counts of Bank Fraud Relating to Nebraska’s Largest Bank Failure The 74-year old founder and former chief executive officer of Nebraska’s largest bank failure has been found guilty of fraud. Prosecutors say Lundstrom concealed delinquent and uncollectible…
Read MoreColeman’s Movers and Shakers
November 5, 2015 Coleman’s Movers and Shakers Amy Miksis Joins Celtic Bank’s SBA Lending Team “We are excited to have Amy join our organization,” says Timothy McGoff, Chief Business Development Officer at Celtic Bank. “Her background in commercial credit analysis and loan packaging will be instrumental as we continue to expand our national business development…
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