Coleman Report
How Rising Interest Rates Affect the SBA Secondary Market
July 8, 2015 By Bob Coleman Editor, Coleman Report Bob Judge is the recognized national expert in the valuation of SBA-related assets and the SBA Secondary Market. Bob Coleman: How do rising interest rates affect premiums? Bob Judge: Basically, rising rates will push borrowers who have floating rate loans into trying to refinancing for fixed…
Read MoreColeman Small Biz Lending Calendar — America East Early Bird Rate of $349 Expires July 11th!
July 8, 2015 By Bob Coleman Editor, Small Biz Lending Calendar Register by July 11th and Save $100! America East Conference for SBA Lenders, August 12-14, Baltimore The following breakout sessions are scheduled: Business Valuations Outsourcing your SBA Department Closing Your SBA Loan Properly OCRM & Lender Oversight Workouts, Liquidations & Everything Herndon Deal Structure…
Read MoreSBA Hot Topic Tuesday — SBA 7(a) Prepays Predicted to Hit 8% in June
July 7, 2015 by Bob Judge Editor, CPR Report Preliminary data for next month suggests that prepayments will rise above 8% for the first time since January. In April, prepays moved back above 7% after two months below that benchmark. The makeup of the increase was a slight decrease in the default CPR combined with…
Read MoreSBA Directs Lenders to Compare Completed Construction Projects with Original Plans
July 7, 2015 by Leigh Ann Henderson National Client Manager Partner Engineering and Science Effective May 1, the SBA released further updates to its Standard Operating Procedures [SOP 5010 5(H)] with the intent to streamline and better manage risk in lending processes. Some of these changes affect the appraisal requirements for construction loans, including SBA…
Read MoreMug Shot Monday — Bank of Oswego Indictments
July 6, 2015 By Bob Coleman Editor, Mug Shot Monday Last week, I reported on the 27 count indictments against the former CEO and CFO of Oregon-based Bank of Oswego. For cooking the books. For hiding delinquent loans. One of the means of the execution of the fraud was to refer delinquent borrowers to a…
Read MoreMain Street Monday — Common Reasons Small Business Startups Fail
July 6, 2015 By Bob Coleman Editor, Main Street Monday I ran across this eclectic website that allows Founders to share with the community why their venture failed — autopsy.io. While the stories are about the tech world, the results are insightful and match many reasons explaining Main Street doors are shuttered. The number one…
Read MoreMALC 2015 Early Bird Extended to July 24, 2015
July 2, 2015 By Bob Coleman Editor, Small Biz Lending Calendar The 2015 Mid-America Lenders Conference early bird registration rate has been extended to July 24th. The Proposed Schedule and Breakout Sessions for MALC 2015 have been posted on the website, www.malcconference.com. The 21st Annual Mid-America Lender’s Conference will be held at the Sheraton Dallas…
Read MoreSurvey Says 504 Approval Process is Leading Cause of Insomnia for the SBA Industry
July 2, 2015 By Bob Coleman Editor, Coleman Report Sludge in the SBA 504 loan approval process is the number one concern for the industry. Is the result from my “What Keeps you up at Night?,” poll last week. This sums it up best; “What keeps me up at night is 504 projects. SBA is…
Read MoreColeman’s Movers & Shakers
July 1, 2015 By Bob Coleman Editor, Coleman’s Movers & Shakers Michael Johnson Joins Celtic Bank’s SBA Lending Team “I am thrilled that Michael has joined our nationwide SBA lending team,” says Christy Lester, Senior Vice President of SBA Lending at Celtic Bank. “Michael’s financial services background and his experience consulting with small business owners…
Read MoreSBA 7(a) Closer and Servicer Compensation Affected by Experience and Geography
July 1, 2015 By Bob Coleman Editor, C-Suite I received excellent feedback of my reporting of SBA 7(a) closer and servicer compensation. First, Tim Terry of SBA Advisors Says; “Just thought you would want some input from what I see as a national SBA focused recruiter. I wish I could find closers at $55. That…
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