Posts Tagged ‘Bob Coleman’
Coleman C-Suite Small Business Lending Report — SBLC, CFBP and IDAP
By Bob Coleman Editor, C-Suite Three stories in today’s alphabet soup edition! ********************************* First, Small Business Capital’s SBLC license is back on the market after BusinessUS’ purchase was nixed by SBA. The Receiver has announced the deadline for the new round of bids is July 27th. ************************************* Robert Villarreal of CDC Small BUsiness Finance disagrees…
Read MoreWould your Institution Embrace an SBA Loan Program that Funded $25,000 Bridge Disaster Loans with a 85% Guaranty?
July 14, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA doesn’t think you would. Congress appropriated $3 million for the Immediate Disaster Assistance Program pilot program back in 2010. But, a scathing GAO report says SBA hasn’t implemented the program five years later for two reasons — technology issues and perceived lender’s reluctance…
Read MoreFraud Friday — SBA Equity Injection Docs Selling on Craigslist for $95
July 10, 2015 By Bob Coleman Editor, Fraud Friday Next time you verify equity injection from a paper bank statement, be careful. You can buy a bank statement on Craig’s List from a variety of vendors for $95. Or, need a pay stub — only $35. And that includes verification, however that works! A social…
Read MoreColeman Small Biz Lending Calendar — America East Early Bird Rate of $349 Expires July 11th!
July 8, 2015 By Bob Coleman Editor, Small Biz Lending Calendar Register by July 11th and Save $100! America East Conference for SBA Lenders, August 12-14, Baltimore The following breakout sessions are scheduled: Business Valuations Outsourcing your SBA Department Closing Your SBA Loan Properly OCRM & Lender Oversight Workouts, Liquidations & Everything Herndon Deal Structure…
Read MoreMain Street Monday — Common Reasons Small Business Startups Fail
July 6, 2015 By Bob Coleman Editor, Main Street Monday I ran across this eclectic website that allows Founders to share with the community why their venture failed — autopsy.io. While the stories are about the tech world, the results are insightful and match many reasons explaining Main Street doors are shuttered. The number one…
Read MoreSurvey Says 504 Approval Process is Leading Cause of Insomnia for the SBA Industry
July 2, 2015 By Bob Coleman Editor, Coleman Report Sludge in the SBA 504 loan approval process is the number one concern for the industry. Is the result from my “What Keeps you up at Night?,” poll last week. This sums it up best; “What keeps me up at night is 504 projects. SBA is…
Read MoreSBA 7(a) Closer and Servicer Compensation Affected by Experience and Geography
July 1, 2015 By Bob Coleman Editor, C-Suite I received excellent feedback of my reporting of SBA 7(a) closer and servicer compensation. First, Tim Terry of SBA Advisors Says; “Just thought you would want some input from what I see as a national SBA focused recruiter. I wish I could find closers at $55. That…
Read MoreWhat are the Lender’s Responsibilities after a Charged-Off Loan is Referred to Treasury?
June 30, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday Coleman faculty instructor Lance Sexton was posed this question last week during his office hour session from his Coleman Certified Liquidation online Training. We have issued the final wrap-up report on a liquidated loan and SBA has referred the loan to Treasury. We have…
Read MoreWhat Keeps You Up at Night?
June 30, 2015 By Bob Coleman Editor, Coleman Report What Keeps You Up at Night? Lately, this phrase seems to be one of the latest buzzwords for executive planning excellence. So, keep this to industry topics please!, tell me what keeps you up at night about your job as a small business lending professional. The…
Read MoreFraud Friday — Small Business Lenders must be Consultants While Lending
June 26, 2015 By Bob Coleman Editor, fraud Friday A true story. A fellow publisher friend of mine who is successful in another publishing niche — advising college administrators how to handle microaggressions and sexual assault issues, changed his payroll processing company from ADP to a start-up payroll company in his hometown. They promised the…
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