Coleman Report

March 16, 2015 By Bob Coleman Editor, Monday’s Movers and Shakers Joan Earhart’s Team Moves to HomeStreet Bank ‘We are thrilled to add such knowledgeable and high-performing individuals to serve the financial needs of our small business community,’ says HomeStreet EVP and Commercial Banking Director Dave Straus. A Joan says, ‘With a large lending capacity…

March 13, 2015 By Bob Coleman Editor, Fraud Friday The former COO, CCO, CFO and another EVP have seen more charges filed against them for hiding a bad loan from the regulators. The former CEO died in 2013. The Arkansas bankers convinced themselves Alberto Solarori was a genius who held a breakthrough patent on a…

March 12, 2015 By Bob Coleman Editor, Feedback Friday 1) Illinois-based First Capital Bank’s President Jeff Scott says a SBA credit score analysis is prohibited by the OCC ‘Hey guys-I can confirm as well, our primary regulator is the OCC and they absolutely will not allow us to utilize a simple credit score, combined with…

March 12, 2015 By Bob Coleman Editor, Small Biz Lending Event Calendar New Event Postings! America East is returning to Baltimore August 12-14. The early bird rate of $349 is good through July 11th. SBA announces a one-day SBA Export Lender’s Roundtable in DC on April 22nd. AltLend 2015, an event for online small business…

March 12, 2015 By Bob Coleman Editor, Coleman Report While most online lenders tout web technology and data algorithms as key to their success, you may not know they also rely heavily on the commercial loan broker professionals for a chunk of their loan volume. Yesterday, I keynoted a speech about loan broker and lender…

March 11, 2015 By Bob Coleman Editor, Main Street Wednesday I love stats! Here are some great small business stats from SBA’s Office of Advocacy February report. Percent of US demographic groups that are self employed: Male — 11% Veteran — 11% Minority — 7% Female — 7% Breakdown of self-employed individuals in the US:…

March 11, 2015 By Bob Coleman Editor, Coleman Report Says Thomas Zernick, Florida Market President, Stearns Bank. Tom Zernick manages the Florida Market for Stearns Bank and was the former director of SBA lending at HomeBanc. At the National Alliance of Commercial Loan Brokers conference this week in Las Vegas, Zernick was asked about private…

March 10, 2015 By Bob Coleman Editor, Coleman Report Says John Hamburger at the National Alliance of Commercial Loan Brokers conference yesterday in Las Vegas. John is the publisher of Restaurant Finance Monitor and the sponsor of the largest restaurant financing conference in the country. When asked about what is happening with restaurant financing he…

March 10, 2015 By Bob Coleman Editor, Coleman Report Reporting from the 2015 National Alliance of Commercial Loan Brokers Annual Conference Interview with Kris Roglieri, Founder & CEO, Commercial Capital Training Group and David Nayor, President & COO, BoeFly, LLC Bob Coleman: “Welcome to the first annual National Alliance of Commercial Loan Brokers Conference, what…

March 9, 2015 By Bob Coleman Editor, Mug Shot Monday After his partner got 18 years in jail in March, Matthew McManus is facing a similar fate with a 16 year sentence handed down last week. The fraud wasn’t new. Just a simple loan fee paid in advance with the promise of a loan down…