Coleman Report
Coleman Special Report — House Passes SBA 7(a) Increased Authorization Levels — SBA 7(a) to Resume Shortly
House Passes SBA 7(a) Increased Authorization Levels — SBA 7(a) to Resume Shortly July 28, 2015 Business Journal Washington Bureau Chief Kent Hoover just tweeted House just passed Senate bill raising authorization level for SBA loans to $23.5 billion; means lending can resume after president signs it. — Kent Hoover (@SmallBizOnHill) July 27, 2015
Read MoreMain Street Monday — Online Small Business Lenders Have Brick & Mortar Lending Concerns
Online Small Business Lenders have Brick & Mortar Lending Concerns. July 27, 2015 By Bob Coleman Editor, Main Street Monday Are online small business lenders ready for the coming regulations surely to be imposed on the industry by the Consumer Protection Finance Board? Last year, I told the group “Winter is Coming,” in the form…
Read MoreColeman Special Report — SBA 7(a) Funding to be Reinstated Next Week
July 24, 2015 By Bob Coleman Editor, Coleman Report Great news for Main Street! Last night the Senate voted unanimously to increase the SBA 7(a) loan program cap by $2 billion to $23.5 billion for the government’s fiscal year ending September 30th. The House is expected to pass the measure on Monday. With President Obama’s…
Read MoreFraud Friday — Bank of Oswego’s First Guilty Plea
July 24, 2015 By Bob Coleman Editor, Fraud Friday Following last month’s arrest of the former CEO and CFO of Bank of Oswego, the chief BDO and rainmaker of the bank pled guilty Wednesday for his role in cooking the books for the regulators. During the recession, the Portland, Oregon suburban bank was an outlier.…
Read MoreColeman’s 8th Annual SBA Secondary Market Summit
Announcing the 8th Annual SBA Secondary Market Summit Home Speakers Agenda Registration Join this high-level gathering of public and private stakeholders to review strategies for capitalizing on emerging opportunities and avoiding new threats and pitfalls. One Day: Tuesday, December 1, 2015 Embassy of Sweden 2900 K Street NW Washington, DC Download a Registration…
Read MoreA Coleman Special Report — SBA Halts 7(a) Lending Effective Today
July 23, 2015 A Coleman Special Report — SBA Halts 7(a) Lending Effective Today By Bob Coleman Editor, Coleman Report This just in from SBA. SBA will no longer automatically issue a SBA 7(a) loan number for any SBA loan submitted beginning Thursday, July 23. While I expect some loans to be funded take notice….…
Read MoreThe Industry Reacts to our coverage of the SBA 7(a) Lending Holiday
July 23, 2015 The Industry Reacts to our coverage of the SBA 7(a) Lending Holiday By Bob Coleman Editor, Coleman Report Many of you on the 504 side sent me emails telling me the chickens are coming home to roost for 7(a) lenders. Chris Hurn of Fountain Head Capital notes, What, no mention of record-setting…
Read MoreA Solution to the Looming SBA 7(a) Loan Holiday
July 22, 2015 A Solution to the Looming SBA 7(a) Loan Holiday By Patrick Kelley and Brayden McCarthy Little gets done in Washington these days until the final second of the last minute before a deadline. This nail-biting pattern of governance by crisis has proven to be politically expedient for lawmakers—and a vexing point of…
Read MoreImpending SBA 7(a) Lending Holiday Sooner than Expected
July 21, 2015 By Tom Wallace Contributor Last week the SBA lending industry was alerted to the probability that the SBA 7(a) program will max out the program’s lending authority sometime in August. The upshot of hitting the authorized lending cap is that lending under the 7(a) stops. To quote the analogy from last week:…
Read MoreMain Street Monday — Will Online Small Biz Lenders be able to Disrupt the Marketplace after the Regulators Weigh in?
July 20, 2015 By Bob Coleman Editor, Main Street Monday I’m in New York today to find out. And, given the miserable 90 degree, 60% humidity weather here, I better get some answers for my efforts. This is the second year of the AltLend Summit — an event for innovative, marketplace online small b usiness…
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