Posts Tagged ‘Bank loan’
Character is Still the First C
March 7, 2013 By Bob Coleman Editor, Coleman Report Jon Winick of Clark Street Capital has a great interview with Ed Wehmer, CEO of Wintrust Financial, a $17.5 billion community bank in Chicago. I particularly liked this excerpt…. Jon Winick: I heard you subscribe to the theory that once a deadbeat, always a deadbeat. Ed…
Read MoreAcross the Pond Banks are “Stabbing Small Business” in the Back!
March 7, 2013 Bob Coleman Editor, Coleman Report As a follow up to yesterday’s question if the U.S. federal government is doing enough to making sure Main Street has access to capital, the answer in the U.K. is a resounding no. First, we read the U.K. GDP shrank 0.3% at the end of 2012, now…
Read MoreDo you think Creditworthy Small Businesses can get the Money they need without the Government’s Help?
March 6, 2013 By Bob Coleman Editor, Coleman Report Do you think Creditworthy Small Businesses can get the Money they need without the Government’s Help? So asks our friend Kent Hoover in today’s Washington Business Journal. He cites this Politico op-ed piece co-authored by IFA Prez Steve Caldeira, NSBA’s Todd McCracken and new NADCO chief…
Read MoreBoefly Franchise Lending Spotlight Conference
March 6, 2013 With Mike Rozman, Co-President and Chief Strategy Officer Bob Coleman: We’re with Mike Rozman, Co-President, Boefly; Mike out of Needham, Massachusetts. We’ve been reading a lot about small business financing; the numbers are down. How does that translate to the franchise financing world? Mike Rozman: Sure, and thanks for having me on…
Read MoreDid you know a small business in Australia is defined as having 15 employees or less?
March 6, 2013 Did you know a small business in Australia is defined as having 15 employees or less? I didn’t. Anyway, I’ve been mulling this over the past week as SBA is proposing eliminating the personal resource test for its borrowers. That will expand the pool of eligible small business borrowers. SBA does have…
Read MoreSequester and the SBA – Optimism Reigns in Uncertain Times
March 5, 2013 By Bob Coleman Editor, Coleman Report Entrepreneur’s Cat Clifford does a nice job in this article recapping the current state of SBA lending. She surmises we don’t know the full effect of the Sequester and it is difficult to predict how the agency will be operating in a year. However, the big…
Read MoreNon Profits Fill Small Biz Micro Lending Niche
March 5, 2013 By Bob Coleman Editor, Coleman Report This is an uplifting story about a number of economic development companies meeting the need for Main Street micro loans. The article profiles New York Business Development Corp, New Mexico Community Development Loan Fund, Albuquerque’s The Loan Fund and Florida’s Pasco Economic Development Council. Writes Mildred…
Read MoreWhat Every SBA Lender Must Know About the Federal False Claims Act
What Every SBA Lender Must Know About the Federal False Claims Act How SBA Lenders Can Become Liable Under the Federal False Claims Act Thursday April 4, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Complimentary Coleman Report News with Bob Coleman starts at 1:50 p.m. Eastern Use our “email address only” order form!…
Read MoreSix Questions to Ask how Sequester Will Affect Your Customers
March 4, 2013 By Bob Coleman Editor Coleman Report Ok, question number six of whether you are a criminal or not is tongue in cheek, but this Bill Murphy Jr. INC article is a good starting point to begin a dialogue of how your customers will be affected by Sequestration. Here are the six questions…
Read MoreCheck Out These Three Cases Involving SBA loan fraud activity, as reported by SBA’s Inspector General
March 4, 2013 A Louisiana couple obtained an SBA-guaranteed loan for $560,000 to purchase a furniture store. They have been arrested for misrepresenting the value of the collateral for the loan; selling the collateral without the lender’s knowledge and falsifying their personal financial statements. A Virginia man pled guilty to making false statements on a…
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