March 24, 2016
By Bob Coleman
Editor, Movers and Shakers
Participate in our 2016 SBA BDO Compensation Survey to Receive a Free Report!
Take the 2 min survey
(Survey Closes Friday, March 25, 2016.)
The Coleman Report has published a compensation study of SBA BDOs since 1994. Data is collected in two ways: First, we invite BDOs to self-report their production and compensation numbers. Last year over 150 SBA BDOs participated in the survey. (Participants may report their email address for a free copy of the survey results, meaning that while the published results are anonymous, their identification disclosure probably leads to more accurate information.)
Data is scrubbed to eliminate extreme highs and lows, as well as responses that are incomplete or don’t make sense.
Then, Coleman Report validates these results with direct interviews with a number of lenders to obtain an accurate picture as possible of salary ranges and compensation packages.
First Resource Bank Announces Jeffrey B. Pugh as Senior Vice President
Mr. Pugh is a past winner of the Small Business Administration (SBA) Financial Service Champion of the Year Award for his SBA lending activities over the years. Mr. Pugh will continue his SBA lending along with commercial real estate and business loan origination and servicing activities.
Paragon Bank Appoints Thomas “Tee” Shipmon as Senior Vice President of Specialty Lending
“We are excited to add a team member with Tee’s expertise,” says Robert Shaw, CEO of Paragon Bank. “His extensive experience and financial knowledge will be of great benefit to both business customers and our team, and we look forward to adding another service to our extensive small business offerings.”
Timberwood Bank Announces SBA Preferred Lender Status
“The Preferred Lender designation recognizes Timberwood’s proficiency with SBA lending and makes SBA loans more accessible for small businesses,” says Eric Ness, SBA’s Wisconsin district director. “As a member of our Preferred Lender Program, which includes more than 50 (Wisconsin) financial institutions, Timberwood is now even better equipped to contribute to Wisconsin’s small business growth.”
Small Business Lending Industry Calendar