June 19, 2014
By Bob Coleman
Editor, Coleman Report
Join us for a Complimentary Coleman Webinar: “Protecting Your Book of Business — How to Move the Loan Turndown Decision from your “No” to somebody elses “Yes”, Receive a Fee and Keep the Relationship” Sponsored by Lendio.
Learn how to quickly and easily turn your customer’s loan rejection into a yes with an alternative lender. This win-win solution solves your customer’s needs, covers your cost with a referral fee, and most importantly allows you to retain the relationship.
In 60 minutes, we will discuss how cloud computing solutions with Lendio Pipeline are creating efficient and profitable ways for you to deliver loans outside your credit box to your small business customers.
To learn more about Lendio Pipeline watch Bob Coleman’s interview with Lendio’s Burke Alder, Vice President of Product Solutions.
“We are excited to bring Jeff on board,” says ABL’s chief executive officer, Charlie Bell. “He is enthusiastic about the SBA program, has seen its benefits for previous clients and is ready to join with an established non-bank lender that is growth oriented.”
Brian Veith Named Senior VP at Mt. Washington Savings Bank
Brian specializes in finding lending solutions for business clients of The Bank, to include real estate term loans, equipment finance loans, general working capital lines of credit, construction loans and SBA loans. In addition to lending solutions, He is also responsible for the depository and treasury management solutions for The Bank’s commercial clients.
Congratulations to Three, New PLP Lenders
“We’re excited that we can help small business owners achieve their dreams through the SBA 7a Community Advantage loan program,” says Dan Lawless, chief lending officer at Accion Texas. “Our goal this year is to double our approvals for the 7a program to $2.2 million. Being given delegated authority will help us achieve this goal.”
“Lending is still coming back, it’s not back to where it was. It’s still a weak loan market,” the bank’s business banking leader Chip Higgins says. “I think expanding the window of opportunity for lending, anything we can do to increase the demand by providing additional lending opportunities” is worth tapping into, he added.
“We are delighted to name Bristol County Savings Bank as our newest SBA Preferred Lender,” says Robert H. Nelson, Massachusetts district director of the U.S. SBA. “Congratulations to the entire small business team at Bristol County Savings Bank for achieving this status.”
“Bristol County Savings Bank is thrilled that the SBA recognizes our successful track record of lending to small business and has awarded the bank SBA Preferred Lending status…The enhancement of an SBA guarantee, combined with the ability to provide rapid loan decisions, will allow many area businesses the access to funds not previously available,” says Leonard Sullivan, first executive vice president and senior loan officer.
Upcoming Small Business Lending Conferences
Great Lakes Lenders Conference, Detroit, July 31 – August 1
Florida Small Business Lenders Conference, Orlando, September 17-19
Innovative Finance Delivery for Small Business September 23-24 in Las Vegas.
NAGGL 2014 Annual Meeting, Huntington Beach October 28-30
Coleman’s 7th Annual SBA Secondary Market Forum, Washington D.C. December 2
Coleman’s 15th Annual Rural Lender’s Roundtable, Washington D.C. December 3