Coleman Report
Main Street Monday — Hospitality Financing Case Study
April 20, 2015 By Bob Coleman Editor, Main Street Monday Yep. Main Street Wednesday, will now lead off the week for the Coleman Report in the AM slot. Today’s offering. Hospitality financing. Hotel News Now offers a slew of articles about the recently concluded 27th annual Hunter Hotel Conference. The link is at the bottom…
Read MoreFraud Friday — Nik Patel’s Former Home Sells at 27% Discount for $3.25 Million
April 17, 2015 By Bob Coleman Editor, Fraud Friday Accused of a $150 million fraud in fake USDA B&I loans, Nik Patel is voluntarily selling all of his assets through a receiver to help Pennant Management recoup some of the funds. After selling five hotels for $87 million, the mansion Nik bought in November 2013…
Read MoreFeedback Friday — The Spike in SBA 7(a) Loan Charge-Offs
April 17, 2015 By Bob Coleman Editor, Feedback Friday SBA 7(a) Loan Workout Guru Timothy Yentsch of Rhode Island’s Independence Bank writes with an explanation of the uptick in SBA 7(a) charge-off rates. He says . . . . . SBA has begun to rapidly catch up on charge offs after They hired more people…
Read MoreCOLEMAN SMALL BUSINESS LENDING CALENDAR — Meet 40 Brands at Franchise Time’s Event Next Week in Vegas
April 16, 2015 By Bob Coleman Editor, Small Business Lending Calendar Franchise Times’ Annual Franchise Finance & Growth Conference is franchising’s premier franchise lending and dealmaker’s conference. Attendees are invited to meet with franchise lenders and investors throughout the conference and get an inside look at the growth plans of over 40+ successful franchise companies…
Read MoreColeman Online Small Business Lending Report — Say Hello to the Small Business Finance Association
April 16, 2015 By Bob Coleman Editor, Online Small Business Lending Report A trade association that represents alternative, online small business lenders. Which used to be called the North American Merchant Advance Association, or NAMAA. The name change is significant and reflects the changing landscape of alternative small business lenders and Main Street. ‘NAMAA started…
Read MoreMain Street Wednesday — April 15 and Main Street
April 15, 2014 By Bob Coleman Editor, Main Street Wednesday The National Small Business Association’ 2015 survey on taxes found that, while the financial tax liability for small firms is a huge issue, the sheer complexity of the tax code is actually a more significant problem for America’s small businesses. In fact, 59 percent of…
Read MoreColeman C-Suite Small Business Lending Report — SBA BDO Survey
April 15, 2015 By Bob Coleman Editor, Coleman C-Suite For those of you in the C-Suite, make sure you have your SBA BDOs complete our annual compensation survey. The benefit? They receive a free copy of the report, and they may chose to share it with you. Or not. Better yet, sign in and fill…
Read MoreSBA Hot Topic Tuesday — SBA Wants to Add Lenders, Export Lenders to its Programs
April 14, 2015 By Bob Coleman Editor, Hot Topic Tuesday SBA’s 2014, 148 page, annual report is an interesting read. There is pertinent information the agency publishes that SBA lenders should know. First, it’s always useful to refresh our knowledge of SBA’s three overall strategic goals. 1) Growing and businesses and creating jobs 2) Serving…
Read MoreSmall Business Lending Stats Tuesday — Small Business Creates 86% of Jobs in March
By Bob Coleman Editor, Small Business Lending Stats Tuesday I get that number from two stats. The Labor Department says the economy generated 126,000 new jobs in March. And ADP says small business jobs increased by 108,000 in March. Now, I know you can spin stats a number of different ways, but whatever the final…
Read MoreMug Shot Monday — Another Failed TARP Recipient Community Banker Guilty of 5 Counts of Fraud
‘After a one week trial, the jury convicted David Weimert, a senior officer of AnchorBank, for a fraud he committed during the time the bank applied for and received TARP bailout funds,’ says Christy Romero, SIGTARP. ‘SIGTARP’s investigation with our law enforcement partners revealed that, while in serious financial trouble during the financial crisis, the…
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