Coleman Report

March 9, 2015 By Bob Coleman Editor, Monday’s Movers and Shakers Rob Herrick Joins Fountainhead Commercial Capital as Executive VP “Rob is a seasoned SBA lending professional with tremendous experience building successful sales and marketing teams,” says Chris Hurn, Fountainhead CEO. “He hits the ground running for us as we build-out our business development infrastructure.”…

March 6, 2015 By Bob Coleman Editor, Fraud Friday TARP bank recipient United Commercial Bank cost the taxpayers almost $300 million in unpaid TARP investments when it failed. When Southern California-based East West Bank acquired the assets via the FDIC, it got this juicy loan relationship with Eastern Tools and Equipment — a company based…

March 6, 2015 By Bob Coleman Editor, Coleman’s Small Business Lending Podcast Bob Coleman: Hi, welcome to Coleman’s Small Business Lending Podcast, Friday, March 6th, 2015, sunny Southern California, 72 degrees, sorry to my friends back east. Today’s podcast is sponsored by the National Alliance of Commercial Loan Brokers Conference. That conference is also co-sponsored…

March 5, 2015 By Bob Coleman Editor, Small Business Lending Events Calendar Every week, the Coleman Report will list upcoming small business lending conferences. National Alliance of Commercial Loan Brokers Annual Commercial Loan Broker Conference, March 8-10, Las Vegas, NV Western Pennsylvania Association of Government Guaranteed Lenders, Seven Spings, March 11-13 NADCO Loan Processing Symposium,…

March 5, 2015 By Bob Coleman Editor, Online Small Business Lending Report Conventional wisdom is small loans are unprofitable and banks are reluctant to approve smaller small business loans. Thus, the reason for the explosion in online alternative lenders who promise to disrupt the small business loan space by traditional bank, brick and mortar lenders.…

March 4, 2015 By Bob Coleman Editor, Main Street Wedensday Are the results of a Union Bank study how small business owners view the economy. From the report: For the first time since 2012, the majority of small business owners believe the overall economy is heading in the right direction, with an all-time high of…

March 4, 2015 By Bob Coleman Editor, Coleman Report Morning Brief You, the lender decides the amount of the small SBA 7(a) loan that can be approved with SBA’s credit score. That is the takeaway I got from the Georgia SBA Lender’s conference last week in Augusta. This week’s inaugural Coleman C-Level Small Business Lending…

March 3, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday That is the mantra of today’s agency says SBA Associate Administrator Ann Marie Mehlum. Speaking at the Georgia Lender’s Conference in Augusta last week Ann says, “We have a fairly new administrator Maria Contreras-Sweet. She’s a community banker from California and she absolutely understands…

March 3, 2015 By Bob Coleman Editor, Coleman Report Morning Brief So They Say. Partnering with alternative lender, Lendio, “Staples Business Loans powered by Lendio,” is now live for Main Street. The marketing pitch is: Broad set of funding products such as lines of credit, SBA loans, term loans, merchant cash advances, ACH advances, equipment…

March 2, 2015 By Bob Coleman Editor, Mug Shot Monday The owner of a high-end clothing company that outfitted Hollywood celebrities is going to jail after pleading guilty to two counts of bank and bankruptcy fraud. Carolyn Jones obtained a $15 million asset-based line of credit from Union Bank based on three years of false…