Coleman Report
Main Street Monday — SBA Office of Advocacy Highlights Barriers to Small Biz Growth
April 27, 2015 By Bob Coleman Editor, Main Street Monday The Office of Advocacy has released a study examining the challenges holding back small innovators. Lessons from the 3D Printing Industry, which I am fascinated with,identifies the barriers hindering the growth and development of small innovative companies, and offers solutions to those barriers. Eleven key…
Read MoreFraud Friday — Jade Capital Sponsored Borrower Gets 51 Months for Loan Fraud
April 24, 2015 By Bob Coleman Editor, Fraud Friday Randy Tran created R&K Real Estate Investment, Inc. to buy Potomac Wine & Spirits, a liquor store in Hagerstown, Maryland. Tran was the majority and controlling owner of R& K, and another individual owned a minority interest. In May 2006, Tran and the minority shareholder signed…
Read MoreColeman’s Feedback Friday — Georgia Approves $5 a Room Hotel Fee on Top of Sales Tax
April 24, 2015 By Bob Coleman Editor, Feedback Friday Hotel owners’ pocketbooks continue to be a target by state and local municipalities. Seattle-Tacoma airport hotels must adhere to a $15 minimum wage. Large Los Angeles hotels are the target of a $15.17 minimum wage. And now, the state of Georgia is going after their customers…
Read MoreColeman Small Business Lending Calendar
April 23, 2015 By Bob Coleman Editor, Small Business Lending Calendar Register Today for America East for only $349! August 12-14, Baltimore An agenda is being developed to include speakers and times. Business Valuations Outsourcing your SBA Department Closing Your SBA Loan Properly OCRM & Lender Oversight Workouts, Liquidations & Everything Herndon Deal Structure and…
Read MoreMain Street Pays $5000 Just to Prepare Taxes
April 22, 2015 By Bob Coleman Editor, Coleman Report I recently interviewed Molly Brogan Day, Vice President of Public Affairs for the National Small Business Association (NSBA) and she gave us a great update about the costs of taxes on small businesses. Bob Coleman: We’re with Molly Day, the Vice-President of public affairs at the…
Read MoreColeman C- Suite Small Business Lending Report — 5 Quick Hotel Lending Tips
April 22, 2015 By Bob Coleman Editor, Coleman C-Suite Small Business Lending Report Yesterday’s Coleman 7th Annual Hospitality Financing Webinar drew the largest number of attendees by far. Hospitality lending continues to be a very profitable lending niche for SBA and conventional lenders. Here are five quick facts that the C-Suite should consider 61% of…
Read MoreColeman Online Small Business Lending Report — Angie’s List Teams with OnDeck
April 23, 2015 By Bob Coleman Editor, Online Small Business Lending Report OnDeck Capital continues to seek innovative ways to market their small business loans. The latest move for the online lender that went public last December? Getting access to Angie’s List database of small business owners. Angie’s List small businesses will receive marketing pitches…
Read MoreSBA Hot Topic Tuesday — SBA Loan Program Charge Off Percentages Plummet Part Two
April 21, 2015 By Bob Coleman Editor, Hot Topic Tuesday Two weeks I wrote about plummeting SBA 7(a) and 504 delinquency and charge-off rates. Granted, there was an uptick in SBA 7(a) charge-offs, but the unofficial consensus is this number is due to purchases several years old still working their way through the stomach of…
Read MoreSmall Business Lending Stats — Only 32% of Main Street Regularly Borrows Money says NFIB
April 21, 2015 By Bob Coleman Editor, Small Business Lending Stats From the March NFIB Small Business Economic Trends March 2015 Report Credit Markets Five percent of owners reported that all their credit needs were not met, up 2 points but historically low. Thirty-five percent reported all credit needs met, and 48 percent explicitly said…
Read MoreMug Shot Monday — Borrower Pleads Guilty to Money Laundering, Bank Fraud Charge Dismissed
April 20, 2015 By Bob Coleman Editor, Mug Shot Monday As we wrote one year ago, the patent holder of a “pseudo adiabatic engine” was living the good life in Florida with his $169 million net worth. What is a “pseudo adiabatic engine?” Well, it’s pretty cool technology. It will get you twice the fuel…
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