Posts Tagged ‘Bank loan’
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 MoreMug 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 MoreColeman’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 MoreFraud 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 MoreColeman 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 MoreMN 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 MoreA Free Online MBA Course Starts this Week – “Smart Growth for Private Business, Part I)
January 21, 2014 By Bob Coleman Editor, Coleman Report Last year, I enrolled in a MOOC (Massive Open Online Course) through Coursera about small business growth. It was excellent and I highly recommend small business lending professionals to check it out. Taught by University of Virginia’s Edward Hess you will receive MBA level instruction from…
Read MoreFraud Friday – Small Business Lender Sentenced to 29 Months for $1.7 Million Fraud
January 17, 2014 By Bob Coleman Editor, Coleman Report The owner of a Connecticut nonbank lender who provided financing to companies for the purchase of heavy equipment, such as tractor-trailer trucks, dump trucks, backhoes has been sentenced to 29 months in prison. Anchor Capital Services would draw down on the lines of credit it had…
Read MoreColeman 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 MoreThe 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…
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