Coleman Report
Collateral: It’s Not Just What You Do, But How You Do It
August 10, 2015 Walter McLaughlin Coleman Report Contributor Senior Vice President Banner Bank Ever heard the phrase, “It’s not just what you do, but how you do it?” Although the first part is definitely important in SBA lending, the second keeps your guaranty in good shape in the event of a repurchase. Consider the issue…
Read MoreCourt Appointed Receiver Soliciting Bids on Four USDA B&I Loans Originated by Nik Patel’s First Farmers Financial
August 7, 2015 Court Appointed Receiver Soliciting Bids on Four USDA B&I Loans Originated by Nik Patel’s First Farmers Financial By Bob Coleman Editor, Fraud Friday United States Department of Agriculture (“USDA”) Business & Industry Loan (“B&I”) Program Non-USDA Guaranteed Portion Sale and Guaranteed Portion Servicing Rights Government Loan Solutions is pleased to invite proposals…
Read MoreColeman’s Movers and Shakers
August 6, 2015 By Bob Coleman Editor, Movers and Shakers Fidelity Bank Announces Darren Davis as New SBA Department Manager Darren Davis has over 17 years’ experience in SBA and USDA lending. While at Fidelity Bank, he has originated over $100MM in SBA/USDA loans. He holds a Bachelors of Science in Finance from Miami University…
Read MoreSBA Hot Topic Tuesday — What Are You Thinking? The Importance of Good Memo Writing
August 4, 2015 Walter McLaughlin Coleman Report Contributor Senior Vice President Banner Bank SBA Hot Topic Tuesday — What Are You Thinking? The Importance of Good Memo Writing Consider SBA to be your governmental spouse. Like yours, they want to understand your thoughts, interpretations and decisions. This is especially so when working with the LGPC…
Read MoreMain Street Monday — Online Lenders Outpace SBA 7(a) Lenders by Over 2 to 1
August 3, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday — Online Lenders Outpace SBA 7(a) Lenders by Over 2 to 1 For loans less than $150,000. Check out these small business lending stats. Alternative lenders, marketplace lenders, online lenders — choose your nomenclature — stats compared to SBA 7(a). Thanks to…
Read MoreFraud Friday — The Three Warning Signs of Bank Fraud
July 31, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — The Three Warning Signs of Bank Fraud Christmas has come early for you fraud junkies. SIGTARP has issued her 584 page quarterly status report to Congress. Some like to binge Netflix’s releases — some, like me, love to binge read this fraud stuff.…
Read MoreColeman Movers & Shakers
July 30, 2015 By Bob Coleman Editor, Movers & Shakers Annette Jorgensen Joins American Riviera Bank Jeff DeVine, President and Chief Executive Officer says, “We are very excited to have Annette join our team. Her outgoing personality and considerable experience will enhance our ability to serve the community’s banking needs. We look forward to offering…
Read MoreMALC 2015 Early Bird Extended to July 31, 2015
July 29, 2015 By Bob Coleman Editor, Small Business Lending Calendar MALC 2015 Early Bird Extended to July 31, 2015 The Agenda and Breakout Sessions for MALC 2015 have been posted on the website, www.malcconference.com Almost all of the presenters for the Breakout Sessions have been confirmed. The last few will be confirmed soon. Please…
Read MorePresident Obama Signs SBA 7(a) Loan Authorization Increase to $23.5 Billion
July 28, 2015 By Bob Coleman Editor, Coleman Report Statement by the White House Press Secretary on H.R. 2499 On Tuesday, July 28, 2015, the President signed into law: H.R. 2499, the “Veterans Entrepreneurship Act of 2015,” which prohibits the Small Business Administration (SBA) from collecting a guarantee fee in connection with an express loan…
Read MoreSBA Hot Topic Tuesday — Three Letters to Help Avoid the Next SBA Lending Holiday
Three Letters to Help Avoid the Next SBA Lending Holiday July 28, 2015 By Bob Coleman Editor, Hot Topic Tuesday Last week, I heard from many of you asking how you could help to get Congress to increase the SBA 7(a) loan authority level. Emails and telephone calls were placed. The message got through. The…
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