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Coleman Thursday’s Movers and Shakers

September 4, 2014 By Bob Coleman Editor, Coleman Report Bill Enholm Named Senior Vice President at Coast National Bank “Bill not only brings two decades of banking experience to Coast National, but he also brings a passion for helping small businesses succeed,” says Coast National Bank president and CEO Anita Robinson Bill came to the…

Main Street Wednesday – Boefly is the Franchise Financing Disruptor

September 3, 2014 By Bob Coleman Editor, Coleman Report “We think the old way is broken,” says Rozman, the 6-foot-7 front man for BoeFly who churns out new ideas faster than his boss can evaluate them. That boss, CEO Bobby Tannenhauser, takes pride in BoeFly, and in his former career as a small-business lender, in…

SBA Hot Topic Tuesday – 5 Tax Changes Your Borrowers Needs to Prepare For

September 2, 2014 By Bob Coleman Editor, Coleman Report So long bonus depreciation, certain employee tax credits, and welcome to the Affordable Care Act. All will impact your borrower’s cash flow. Fox Small Business has posted this excellent article recapping small business tax changes for 2015. 1) If your borrower has more than 50 employees…

Fraud Friday – Another Coleman Report about a Bookkeeper Ripping off your Borrower

August 29, 2014 By Bob Coleman Editor, Coleman Report At the beginning of the month I wrote — One of my professors in my MBA program at the suddenly stopped his lecture in mid-sentence and slowly stared at the class. Going completely off-topic he said, “I don’t care how big your company is, NEVER, NEVER,…

Coleman Thursday Movers and Shakers

August 28, 2014 By Bob Coleman Editor, Coleman Report Heather Endersen Named SVP of SBA Lending for Banc of California “Banc of California is committed to building the top full-service bank serving California’s diverse private businesses, entrepreneurs, and homeowners, and to investing in and growing complementary businesses that enhance shareholder value and serve as a…

Main Street Wednesday – The Main Street Capital Program

August 27, 2014 By Bob Coleman Editor, Coleman Report Not wanting to be only overrun with the big box stores on the outskirts of town, cities are putting money into small businesses to revitalize Main Street and to build up an economic tax base that is aesthetically pleasing to the community. Check out Columbia, South…

SBA Hot Topic Tuesday — SBA 504 Loan Rate Plummets Under 3%

August 26, 2014 By Bob Coleman Editor, Coleman Report That’s an historic low says NADCO. NADCO’s Small Business Lending Report shows that August’s debenture rate of 2.88 percent remained well below the 12-month average, maintaining a borrowers market for small business owners seeking commercial real estate and equipment financing. This underscores the current value of…

Mug Shot Monday – Borrower Indictment Follows Community Bank SVP Guilty Plea

August 25, 2014 By Bob Coleman Editor, Coleman Report “SIGTARP special agents, along with agents from DOL-OIG and the FBI, arrested Wood, after our criminal investigation with law enforcement partners uncovered the fraud alleged in the indictment against TARP recipient Farmers Bank & Trust,” says SIGTARP (Special Inspector General for TARP.) “Prior to and during…

Fraud Friday – The Signs of Fraudulent Loans

August 22, 2014 By Bob Coleman Editor, Coleman Report Today I’m pivoting and highlighting this interesting article in Credit Union Times that profiles employees that rip off their lending institution. While the article is targeted to credit union management, the takeaways for combatting internal loan fraud are universal. The most common form of embezzlement involves…

Coleman Thursday Movers and Shakers

August 21, 2014 By Bob Coleman Editor, Coleman Report San Francisco-based Trans Pacific National Bank Receives PLP The San Francisco Business Journal nicely profiled the lender’s entry into the SBA program. Earlier the bank hired Winston Bandong, Sr. as its Vice President of SBA Lending, and added Marco Chan and Kathy Blakely Quips CEO Dick…