Posts Tagged ‘Bank loan’
SBA 504 Loan Liquidations in a Post Resource Capital World, e.g. the New SOP 5055 for 2014
RESCHEDULED FOR Friday , February 14, 2014 SBA 504 Loan Liquidations in a Post Resource Capital World, e.g. the New SOP 5055 for 2014 • 504 Liquidation for the 3rd Party Lender and the CDC • What the Third Party Lender Needs to Know about Foreclosing a SBA 504 loan • SBA Details Rules when…
Read MoreCPR Report: SBA 7(a) Prepays Up Slightly
January 15, 2014 by Bob Judge Editor, CPR Report Government Loan Solutions In November, prepays moved slightly higher over October levels, recording the third consecutive month below 8%. However, this month’s reading does represent the 7th month in a row of 7% or higher prepays. While the movement up was similar in percentage terms to…
Read MoreSBA REAL Financing Down 40% Due to Debt Refi Expiration
January 14, 2014 By NADCO Loan Volume Continues to Plummet, Amidst Expiration of Debt Refinancing and Uncertainty of Fed’s Stimulus Reduction WASHINGTON, DC –The National Association of Development Companies (NADCO) Small Business Lending Report (SBLR) showed an overall decrease in volume of this month’s commercial real estate and equipment finance loans to small businesses, reflecting…
Read MoreMug Shot Monday – 3 Community Bank Borrowers Nailed for Lying
January 13, 2014 By Bob Coleman Editor, Coleman Report Missouri based Excel Bank failed in 2012 costing the FDIC $126 million. And since the bank received TARP funds, “having the TARP investigators available to look into the bank fraud cases helped lead to the indictments,” says U.S. Attorney Richard Callahan. Writes St. Louis Today; William…
Read MoreFraud Friday – SBA Inspector General Part II
January 10, 2014 By Bob Coleman Editor, Coleman Report Monday, I wrote about seven fraudsters, six borrowers and one lender who face serious charges from the feds for their malfeasance in SBA lending from the October 2013 monthly SBA Inspector General report. Here are the final four snippets. President of Missouri Construction Company Gets Probation…
Read MoreColeman’s Thursday Movers and Shakers
January 9, 2014 By Bob Coleman Editor, Coleman Report NADCO Announces Government Relations Conference March 3-5 in Washington DC With leadership changing at the SBA and House and Senate Small Business Committees, attending the NADCO 2014 Government Relations Conference is critical to our industry’s success. This conference is your opportunity to attend exclusive sessions with…
Read MoreSBA Stops Publication of Affiliation and Personal Resource Test Rule Changes in Federal Register
January 8, 2014 By Bob Coleman Editor, Coleman Report We reported SBA will publish a final policy rule this morning rejecting changes in it’s affiliation standard rule and the abolishment of the personal resource test. However, SBA has pulled the rule from publication in the Federal Resister. This is an email we received yesterday from…
Read MoreSBA Retreats on Affiliation Rule Reform, Eliminates Personal Resource Test
January 8, 2014 By Bob Coleman Editor, Coleman Report Tomorrow, SBA will announce it is withdrawing the proposal to loosen its small business affiliation standard rule and eliminate the the personal resource test. SBA will eliminate the personal resource test in about 30 days. SBA will no longer require that the personal resources of owners…
Read MoreBecoming an Expert About SBA Forms 159 and 912
Wednesday, January 22, 2014 Become an Expert About SBA Forms 159 and 912 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 More2014 – The Year of Small Business Credit Score
January 7, 2014 By Mike Rozman Co-President & Chief Strategy Officer Boefly, LLC The FICO consumer credit score was first introduced in 1989 and is used today by 90% of all consumer lenders when determining loans and interest rates. And although the leading business credit score –FICO’s Small Business Scoring Service or SBSS Score –…
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