Restaurants Post 14th Consecutive Quarter of Sales Increases

January 28, 2014 By Bob Coleman Editor, Coleman Report If you love stats as much as I do, you will enjoy this seven- page white paper about the restaurant industry. Individual sales stats for the past three years of about 50 companies are broken out in buckets; fine dining, casual dining, family dining, fast casual,…

Read More

Mug Shot Monday – Automobile Straw Buyer Style

January 27, 2014 By Bob Coleman Editor, Coleman Report Writes the local paper in Park Forest, Illinois; “According to the indictment, between February and November 2013, the defendants fraudulently obtained at least 28 automobile loans of the 46 they fraudulently applied for and obtained approximately $914,000 of $1.4 million they sought in loan proceeds. They…

Read More

Coleman’s 6th Annual Hospitality Financing Webinar 2014 Edition

Coleman’s 6th Annual Hospitality Financing Webinar 2014 Edition When: Tuesday, February 25, 2014 Price: $289.00 2:00 p.m. to 3:15 p.m. Eastern 1:00 p.m. to 2:15 p.m. Central 12:00 p.m. to 1:15 p.m. Mountain 11:00 a.m. to 12:15 p.m. Pacific Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern…

Read More

Fraud Friday – Complicated Ownership Structures are a Red Flag

January 24, 2014 By Bob Coleman Editor, Coleman Report We normally don’t cover mortgage fraud, but this story of a 25 year fraud by a very defiant South Florida man is a whooper. Pens the Sun Sentinel . . . . . . Darryl Burke didn’t just break the law for 25 years, federal authorities…

Read More

Coleman Thursday’s Movers & Shakers

January 23, 2014 By Bob Coleman Editor, Coleman Report Maria Torres-Springer Named New York City Small Business Commissioner From Crains New York…… Mayor Bill de Blasio, who made criticism of the Bloomberg administration’s fining of small businesses a hallmark of his campaign, on Tuesday named a Bloomberg economic development aide to head the city’s Department…

Read More

MN State Senator Sued by US Bank for $750k SBA Loan Default

January 22, 2014 By Bob Coleman Editor, Coleman Report National Camp Association was started in 2008 to help parents find camps for their kids. In 2009 the company received an SBA 7(a) loan from US Bank for $613,000. The owners are Sean and Cynthia Nienow. Sean Nienow lost a reelection bid race for his Minnesota…

Read More

Coleman Thursday’s Movers and Shakers

January 15, 2014 By Bob Coleman Editor, Coleman Report NADCO Quick to Support SBA Administrator Nominee We are very pleased to welcome a new Administrator to lead the critical work of the SBA, which has been a lifeline for America’s small businesses in these economically challenging times,” said Beth Solomon, President & CEO of NADCO.…

Read More

The SBA Loan Numbers Behind Obama’s Community Banker Nominee to Head SBA

January 15, 2014 By Bob Coleman Editor, Coleman Report President Obama has chosen a community banker whose niche is the Los Angeles Hispanic community, Maria Contreras-Sweet, as his nominee for SBA Administrator. I’ll defer to this great write-up by Kent Hoover of the Business Journal for her background. She is the co-founder and chair of…

Read More