Posts Tagged ‘Bob Coleman’
Main Street Monday — Online Lenders Outpace SBA 7(a) Lenders by Over 2 to 1
August 3, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday — Online Lenders Outpace SBA 7(a) Lenders by Over 2 to 1 For loans less than $150,000. Check out these small business lending stats. Alternative lenders, marketplace lenders, online lenders — choose your nomenclature — stats compared to SBA 7(a). Thanks to…
Read MoreFraud Friday — The Three Warning Signs of Bank Fraud
July 31, 2015 By Bob Coleman Editor, Fraud Friday Fraud Friday — The Three Warning Signs of Bank Fraud Christmas has come early for you fraud junkies. SIGTARP has issued her 584 page quarterly status report to Congress. Some like to binge Netflix’s releases — some, like me, love to binge read this fraud stuff.…
Read MoreColeman Movers & Shakers
July 30, 2015 By Bob Coleman Editor, Movers & Shakers Annette Jorgensen Joins American Riviera Bank Jeff DeVine, President and Chief Executive Officer says, “We are very excited to have Annette join our team. Her outgoing personality and considerable experience will enhance our ability to serve the community’s banking needs. We look forward to offering…
Read MoreSBA Hot Topic Tuesday — Three Letters to Help Avoid the Next SBA Lending Holiday
Three Letters to Help Avoid the Next SBA Lending Holiday July 28, 2015 By Bob Coleman Editor, Hot Topic Tuesday Last week, I heard from many of you asking how you could help to get Congress to increase the SBA 7(a) loan authority level. Emails and telephone calls were placed. The message got through. The…
Read MoreMain Street Monday — Online Small Business Lenders Have Brick & Mortar Lending Concerns
Online Small Business Lenders have Brick & Mortar Lending Concerns. July 27, 2015 By Bob Coleman Editor, Main Street Monday Are online small business lenders ready for the coming regulations surely to be imposed on the industry by the Consumer Protection Finance Board? Last year, I told the group “Winter is Coming,” in the form…
Read MoreFraud Friday — Bank of Oswego’s First Guilty Plea
July 24, 2015 By Bob Coleman Editor, Fraud Friday Following last month’s arrest of the former CEO and CFO of Bank of Oswego, the chief BDO and rainmaker of the bank pled guilty Wednesday for his role in cooking the books for the regulators. During the recession, the Portland, Oregon suburban bank was an outlier.…
Read MoreA Coleman Special Report — SBA Halts 7(a) Lending Effective Today
July 23, 2015 A Coleman Special Report — SBA Halts 7(a) Lending Effective Today By Bob Coleman Editor, Coleman Report This just in from SBA. SBA will no longer automatically issue a SBA 7(a) loan number for any SBA loan submitted beginning Thursday, July 23. While I expect some loans to be funded take notice….…
Read MoreThe Industry Reacts to our coverage of the SBA 7(a) Lending Holiday
July 23, 2015 The Industry Reacts to our coverage of the SBA 7(a) Lending Holiday By Bob Coleman Editor, Coleman Report Many of you on the 504 side sent me emails telling me the chickens are coming home to roost for 7(a) lenders. Chris Hurn of Fountain Head Capital notes, What, no mention of record-setting…
Read MoreFraud Friday — SIGTARP Files False Claims Act Clawback from the Grave
July 17, 2015 By Bob Coleman Editor, Fraud Friday In the same week former Attorney General Eric Holder told the Financial Times that record fines on banks were a better solution than “trying to make examples out of people,” TARP’s Special Inspector General continues to indict community bankers from failed institutions from the Great Recession.…
Read MoreA Vocal Few Say No to the Proposed SBA Disaster Guaranteed Loan Program
July 16, 2015 By Bob Coleman Editor, Coleman Report I only got eight votes on my lender survey about the proposed Immediate Disaster Assistance Programs, which right there speaks volumes about the tremendous industry lack of enthusiasm. (By contrast, 247 weighed in on the poll about 100% SBA 7(a) financing.) The proposed program would allow…
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