Posts Tagged ‘Bob Coleman’
PRO 100% SBA 7(a) FINANCING COMMENTS
June 12, 2015 By Bob Coleman Editor, Market Trends Thursday Special Edition Part 3 Yesterday, I ran the numerous comments I received why SBA 7(a) should not finance an 100% CRE loan. I received one excellent lengthy post that deserves its own report, I’ll run that next week. As usual, both sides present strong arguments.…
Read More58% of Industry Says SBA should Demand 10% Minimum Equity for SBA 7(a) CRE Loans
June 11, 2015 By Bob Coleman Editor, Market Trends Thursday Special Edition From the 250 who responded to our unscientific poll this morning — the largest response we have ever received in a six hour period. Thank you for all who participated! Due to the length of comments, I am dividing them over two reports.…
Read MoreWhat do you think about SBA 7(a) 100% CRE Financing?
June 11, 2015 By Bob Coleman Editor, Market Trends Thursday Coleman Market Trends Thursday I received several thoughtful comments about SBA 7(a) lenders offering 100% financing for commercial real estate acquisition. So, I’m going back to the industry with a quick poll for more information. Please complete this quick one minute, six question poll and…
Read MoreColeman Movers and Shakers Wednesday
June 10, 2015 By Bob Coleman Editor, Movers and Shakers Christopher J. Earle Named SBA Loan Manager Christopher J. Earle has been named SBA Sales Manager for M&T Bank. He will oversee the management of SBA loan programs offered at more than 650 M&T branches offices in multiple states. Earle has more than 40 years…
Read MoreSBA’s LINC is a Wonderful Tool, When You can Sign On
June 10, 2015 By Bob Coleman Editor, C-Suite Small Biz Lending Challenges Report Yesterday I solicited comments about SBA lender’s experience with LINC, the online portal matching applicants with lenders. Nasr Khan, the EVP and manager of Wallis State Bank’s SBA department told me, “I can tell you from my experience it’s a wonderful tool…
Read MoreSBA Hot Topic Tuesday — Are you Linc’d?
June 9, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday If not, you probably should be. LINC is SBA’s online portal connecting loan applicants with lenders. Applicants fill out basic information — how long in business, amount of loan, revenues — and it is forwarded to lenders that have a footprint in the applicant’s…
Read MoreSome Light Reading from SBA’s Inspector General
June 9, 2015 By Bob Coleman Editor, SBA OIG Report OIG’s April 2015 was posted last Thursday, and it never fails to impress. “What were they thinking?” “What was their exit strategy?” as well as “The bank did what?” are my most common non-vulgar thoughts. Here’s a quick summary, or read the entire report here.…
Read MoreMug Shot Monday — Ex-Bank Director Sentenced to 12 Years
June 8, 2015 By Bob Coleman Editor, Mug Shot Monday For $347,000. Michael Bernick is a contractor and former director of Metropolitan Savings Bank in Lawrenceville, PA. After the community bank failed, costing the FDIC $9.4 million, prosecutors began looking for the usual suspects. They discovered Vice President and Managing Officer Donna Shebetich was a…
Read MoreMain Street Monday — The Wright Brothers and their Banker
June 8, 2015 By Bob Coleman Editor, Main Street Monday I knew very little about the Dayton, Ohio, small-business owners of a bicycle shop until I just finished David McCullough’s history book about The Wright Brothers. It’s a fantastic read about Main Street American entrepreneurial spirit, I give it a big-time thumbs up. Anyway, much…
Read MoreFraud Friday — SIGTARP Sends its 100th Banking/Borrower Criminal to Prison
June 5, 2015 By Bob Coleman Editor, Fraud Friday “100 defendants have gone to jail for crime related to the government’s response to the financial crisis known as TARP—the defendants’ crimes were serious and so were SIGTARP’s efforts to stop them,” says Christy Romero, Special Inspector General for TARP (SIGTARP). “100 times, SIGTARP held defendants…
Read More