July 3, 2014
By Bob Coleman
Editor, Coleman Report
Liberty SBF has launched a national SBA 504 secondary market program, originating through nationwide referral sources, acting both as a third party lender and as an interim lender to support the SBA debenture takeout process.
“Didi is a seasoned professional, and we are thrilled to have her lead our SBA team, a strategic imperative for Union Bank. We are confident Didi will be a valuable asset in providing customized financial solutions for our small business clients, and she helps to scale the business as we aim to be one of the top 10 financial groups in the U.S., utilizing the power of MUFG’s global resources for our clients,” says Managing Director Todd Hollander.
James Stolt The Bancorp’s New VP of Government Guaranteed Lending
Diane Gallion, Senior Vice President and National Manager says, “We are pleased to bring on James to join our team and expand the Government Lending Group. He will be a great asset in expanding our presence in these markets utilizing the group’s various programs dedicated to helping small business owners across all business disciplines.
Check out Jerry Chautin’s coverage of SBA’s New Credit Scoring Model
The new credit-scoring model was developed by Fair Isaacs Company (FICO). In turn, BoeFly.com, an online matching service that connects lenders with borrowers, created bQual, a proprietary program based upon the FICO’s new model. “We built bQual to address the questions we’ve heard from some of the thousands of business owners that have used BoeFly since we launched in March of 2010,” says Mike Rozman, its co-president. It is designed to give borrowers “real-time information and insight” before they start searching for a lender. Read Jerry’s Article
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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 Las Vegas September 23-24
NAGGL 2014 Annual Meeting, Huntington Beach October 28-30
American Banker/RMA Small Business Banking Conference, Miami November 19-21
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