Coleman Report
Fraud Friday — Auction.com to Sell Nik Patel Hotel Properties
May 15, 2015 By Bob Coleman Editor, Fraud Friday Five Nik Patel hotel properties are being sold by auction.com in July. Nik was arrested last October on fraud charges involving $180 million of bogus USDA b&i loans — allegedly. The hotels are: · The DoubleTree by Hilton Orlando East, a 246-room full-service hotel located near…
Read MoreFeedback Friday — Bloomberg Hit Piece, Alternative Lending APRs.
May 15, 2015 By Bob Coleman Editor, Feedback Friday Patrick, Patrick Patrick. Your Bloomberg hit piece about SBA franchising lending yesterday is, well a hit piece. As I said in my conversation with you for your article, banks and borrowers cover loan losses through the fees they pay to SBA. Borrowers pay an upfront loan…
Read MoreCOLEMAN SMALL BUSINESS LENDING CALENDAR — Top 5 Reasons to Attend AltLend — Small Business Alternative Lending Event in NY in July
May 14, 2015 By Bob Coleman Editor, Small Business Lending Calendar Top 5 Reasons to Attend: Analyze and discuss industry data—this is your chance to evaluate the opportunities and risks within this space! Discover alternative paths to capital through unique partnerships with banks, hedge funds, private equity, SBA, and direct lenders Participate in interactive discussions…
Read MoreColeman Online Small Business Lending Report — CAN Capital passes $5 Billion Small Biz Loan Mark
May 14, 2015 By Bob Coleman Editor, Online Small Business Lending Report “Reaching this milestone underscores how CAN Capital’s innovative technologies have helped small business owners access much needed capital to grow their businesses,” says Daniel DeMeo, Chief Executive Officer, CAN Capital. “Small business owners have an appetite for investing in inventory, marketing and technology.…
Read MoreColeman’s Movers and Shakers
May 13, 2015 By Bob Coleman Editor, Coleman’s Movers and Shakers Bank United Names Hakim Kassam as National Sales Manager “Hakim is an authoritative expert on small business financing, who will lead and grow BankUnited’s small business finance department. We are pleased to welcome him to our BankUnited team,” says Bankunited Chairman, President and CEO…
Read MoreColeman C-Suite Small Business Lending Report — The 5 D’s of Lending
May 13, 2015 By Bob Coleman Editor, C-Suite Small Business Lending Report We all know the 5 C’s of lending — character, cash flow, collateral, capacity and conditions. But how many of you know the 5 D’s of lending? Credit Annemarie Murphy of United Community Bank for the authorship. I recently ran across an article…
Read MorePolicy Changes in the SBA SOP 50 10 5(H) that Impact Business Appraisals and Real Estate Appraisals
May 12, 2015 By Neal Patel, CBA, CVA The SBA has released an updated version of its Standard Operating Procedures (SOP) 50 10 5(H), which is effective May 1, 2015. The following discussion highlights key revisions in the SOP which affect both business appraisals and real estate appraisals, along with the author’s comments. Terminology Throughout…
Read MoreSmall Business Lending Stats Tuesday — Wells Fargo Says…
May 12, 2015 By Bob Coleman Editor, Small Business Lending Stats Tuesday Main Street optimism takes a hit. Several factors contributed to the decrease in optimism this quarter, including: Lower revenue – In the April survey, 42 percent of small business owners reported that their company’s revenues increased over the past 12 months, down from…
Read MoreMug Shot Monday — Another Community Bank President Guilty
May 11, 2015 By Bob Coleman Editor, Mug Shot Monday Add Poppi Metaxas to the list of community bankers jailed after her bank received TARP funds. She faces five years in prison for her guilty plea of bank fraud for her role in defrauding the bank of $1.8 million. ‘While Gateway Bank was applying for…
Read MoreMain Street Monday — Loan Demand by Main Street Rising
May 11, 2015 By Bob Coleman Editor, Main Street Monday Says Bank of America in their Spring Small Business Owner Report. Loan applications and intent to apply for loans have increased, with more than a third (39 percent) of small business owners reporting that they have applied for a loan in the past two years,…
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