November 14, 2013
By Bob Coleman
Editor, Coleman Report
PCFS 2000 Rebrands as PCFS Solutions
PCFS 2000 has announced that it changed its name to PCFS Solutions effective November 5, 2013. Bob Cota, President stated “Our new name and company logo reflects our dedication and significant expansion since we began operations in 1986.”
“Our goal remains the same; to provide the small business lending community with the industry’s only Prospect to Payoff Solutions. Each member of PCFS Solutions looks forward to continuing our long standing relationship with our customers as we broaden our horizons to serve the evolving needs of the small business lending community”.
To celebrate the new name and rebranding of PCFS Solutions, they are giving away a Bose SoundLink Bluetooth Mobile Speaker! To enter follow PCFS Solutions on LinkedIn no later than 11/29/2013. The lucky winner will be drawn at random and will be announced on 12/3/2013.
Southwestern Business Financing Appoints Teresa Mandelin as President & CEO
Teresa Mandelin has more than 20 years of banking experience, having specialized in SBA lending since 1992. For the past 10 years as SBFC’s SVP of Commercial Loans, she has enriched the organization’s sales team and has established instrumental client relationships. A recipient of the esteemed Financial Services Champion award from the SBA, Teresa is a well-respected frontrunner in the industry.
“This transition comes at a fundamental juncture of a changing market; we are planning for what is to come 10 years from now,” said Teresa Mandelin, President and CEO of SBFC. “With anticipation for economic growth, I look forward to guiding SBFC to focus more energy into driving the market, instead of just participating in it. The primary goal of SBFC remains the same: growing the best businesses in Arizona by providing access to long-term, fixed-rate financing under the SBA 504 loan program.”
The transition comes as a result of Bob McGee’s stepping down from the leadership role. McGee served as President and CEO of SBFC for 19 years. After more than 40 years of service in the banking and finance industry, he will be focusing on spending more time with his family.
SBFC believes Teresa is the first Native American to head a CDC.
Read More: SBFC Announces New Leadership
Rick Wheeler joins Business Loan Capital
Business Loan Capital, Inc. announced today that Rick Wheeler has joined their Company to help further develop their growing portfolio of SBA 504 & Conventional Loans nationwide. Rick joins Business Loan Capital as a National Business Development Officer and with him brings over 15 years of SBA lending experience to the company, at both the community and nationwide bank level. Rick also brings secondary market experience having worked with CDC Capital Markets.
Fred Mills, President and CEO of Business Loan Capital said, “We are very excited to have Rick join our team. His business development mindset combined with underwriting experience and strong SBA background is a great fit for our company. Rick’s experience and industry knowledge will make him a key addition and great asset to the BLC family as we continue to expand our new nationwide SBA 504 lending platform.”
Inc Magazine Hosts SBA 504 Loan Webinar
Inc Magazine is hosting a webinar about the SBA 504 loan program on November 21.
Sponsored by Bank of America Merrill Lynch and moderated by Bob Coleman, the two panelists are NADCO’s Beth Solomon and Bank of America’s Rick Benito. It is open to small business owners and the small business lending. Register here for free
Small Business Lending Conference Update
Alternative Investments & SBA/USDA Lending Seminar, Dallas, Nov 19-20
Preparing for an SBA 504 Loan – An Inc Magazine Free Webinar, Nov 21
Where Main Street Meets Wall Street, 6th Annual SBA Secondary Market Forum, December 3, Washington D.C.
14th Annual Rural Lender’s Retreat, December 4, Washington D.C.
Coleman’s 3rd Annual Fresno SBA Loan Servicing Workshop, December 9, Fresno
Coleman’s 5th Annual Herndon SBA Guaranty Purchase Workshop, January 23, 2014, Herndon
Southeastern Small Business Lenders Conference, Reynolds Plantation, GA, Feb 9-11