Coleman Thursday’s Movers and Shakers

October 16, 2014

By Bob Coleman
Editor, Coleman Report

CharlesYorkeParagon Bank Launches Paragon Small Business Capital Group Headed by Charles Yorke

Atlanta based Prez Robert Shaw says, “We are excited to be working with such a seasoned team of SBA professionals. “Paragon has a sizable small business focus. We look forward to enhancing our efforts and providing the ability to help more small businesses reach their goals.”

The Paragon Small Business Capital Group will initially be made up of 16 team members located in Tennessee, Georgia, Missouri and Colorado. The principals include Yorke, a 34-year veteran of the banking business with over a decade of experience in the SBA field. Additional principals include Doug Cullinan, National Sales Director; Kerry Morrin, SBA Chief Operating Officer; Tye Massey; Eric Larson; and Mickey Smith-Eggleston, who are based in the Atlanta office. In addition, Brian Kuntz is located in St. Louis, Mo., and George Taylor is located in Denver, Colo.

“This is another of Paragon Bank’s solutions for small businesses. The Paragon Small Business Capital Group, consisting of industry professionals whose combined lending volumes in 2013 would rank among the top 50 SBA lenders in the U.S., put us in an even stronger position to broaden the customers we serve and significantly increase Paragon’s revenue.” Read More

KalamataCapitalKalamata Capital Introduces SBA 7(a) Bridge Loan Program

Says Prez Steven Mandis, “Kalamata Capital’s SBA Bridge Loan Program offers fast and easy interim financing for businesses that are involved in the SBA loan application and approval process. We can make approvals for up to $750,000 in as little as 24 Hours.”

“Our SBA Bridge Loan Program provides a solution – short-term financing that is easily replaced with a longer-term SBA loan.

Target Market
• 640+ Credit Score
• Businesses with $500,000+ in Revenues
• $50,000+ Deal Sizes
• In Business 1 Year+
• Brick-and-Mortar Business Location

Read More

For further information: Steven Mandis 301.760.7693 917.838.4031

accionAccion Chicago partners with Ridgestone Bank to offer loans up to $100,000 to small businesses

Ridgestone Bank is pleased to partner with Accion Chicago to assist in providing finance options to entrepreneurs and businesses in underserved markets,” says Thomas Abraham, Senior Vice-President, SBA Lending for Ridgestone Bank. “Our focus is on providing government guaranteed loans to small businesses and to ultimately help more businesses succeed, fulfilling dreams of business ownership.”

Accion anticipates disbursing more than $5 million in additional capital in the first year of this new program.

“Increasing access to loans up to $100,000 is vital to the growth of communities in the City of Chicago, Illinois, and Northwest Indiana,” says Jonathan Brereton, Chief Executive Officer of Accion Chicago. “Our new loan product will close the remaining gap in the market and directly impact neighborhood economic revitalization and jobs in our highest need areas.” Read More

zoomdrycleaningZoom Dry Cleaning LLC, Admitted to SBA Franchise Registry

Congratulations to Howard Levine of Zoom Dry Cleaning being listed on the SBA Franchise Registry.

All Zoom’s documents, including the FDD and Franchise Agreement have been pre-approved by the SBA. Read More

Upcoming Small Business Lending Conferences

NAGGL 2014 Annual Meeting, October 28-30, Huntington Beach
2014 Upstate NY SBA Lender Conference, November 5, Rochester

American Banker/RMA Small Business Banking Conference, November 19-21, Miami
Coleman’s 7th Annual SBA Secondary Market Forum, December 2, Washington D.C.
Coleman’s 15th Annual Rural Lender’s Roundtable, December 3, Washington D.C.
2015 Southeastern Small Business Lenders Conference, February 23-25, Location TBA
National Alliance of Commercial Loan Brokers Annual Commercial Loan Broker Conference, March 8-10, Las Vegas