Posts Tagged ‘Bob Coleman’
BoeFly Launches Small Business Lending Tool — bQual™
February 26, 2014 By Bob Coleman Editor, Coleman Report “We built bQual to address the questions we’ve heard from some of the thousands of business owners that have used BoeFly since we launched in March of 2010 — “Can I get real-time information and insight before I start the search for financing,” said Mike Rozman,…
Read MoreHow Big is the Small Business Lending Market?
February 26, 2014 By Bob Coleman Editor, Coleman Report $1 trillion says SBA’s Office of Advocacy. This just released two page report is a nice overview of the current state of small business lending. Here are some stats for 2013; Small Business Borrowing from Banks – $585 billion Small Business Borrowing from Finance Companies –…
Read MoreSBA 7(a) Prepayment Rates Fall 10%
February 25, 2014 In December, prepays fell below 7% for the first time since April, finishing the year on a positive note. While we finished 2013 with a print below 7%, this is only the third monthly reading below that benchmark recorded last year. For comparison purposes, all twelve months of 2012 were below 7%.…
Read MoreMug Shot Monday – The You Scratch My Back, I’ll Scratch Yours Con
February 24, 2014 By Bob Coleman Editor, Coleman Report This is a twist on a commercial lender con. The feds allege two Delaware commercial lenders, working for different banks, made loans to each other over a 12-year period for fake commercial real state investments and below market car loans. Brian Bailey plead not guilty last…
Read MoreCome to Washington to Support 504 Debt Refi at the NADCO Government Relations Conference 2014
February 23, 2014 By Bob Coleman Editor, Coleman Report Bob Coleman: NADCO is putting together an event to get to know your representatives and Senators to push 504 debt refi. Tell us about what is going to be happening there. Beth Solomon: The CDC community and our lender partners are showing up in force to…
Read MoreFraud Friday – Loan Officer who Approved Loans Above his Authority Pleads Guilty
February 21, 2014 By Bob Coleman Editor, Coleman Report Another community banker is going to jail. Not for lining his pockets, but for being a sloppy banker. Our perp had a $250,000 loan approval limit. Says the government in the plea agreement filed Wednesday, “Further, to authorize loans, Bank policies and procedures and sound banking…
Read More504 Refinance Support Gains Momentum in House and Senate
February 21, 2014 By Bob Coleman Editor, Coleman Report Bob Coleman: The refinance is in the House, tell us where you see that process. Beth Solomon: We continue to build support for it. It’s a smart bi-partisan mechanism that leaders on both sides of the aisle are embracing. We have a new chairman of the…
Read MoreColeman Thursday’s Movers and Shakers
February 20, 2014 By Bob Coleman Editor, Coleman Report Stephenie Frazier Whitfield Joins SouthCrest Bank as Senior Vice-President of SBA Lending Stephenie is a recognized visionary in small business lending,” says CEO Kenneth Maloy. “The experience she brings to the table will galvanize our efforts to meet the financial needs of businesses in our communities.” Stephenie…
Read More15% of Small Business’s Bankable says WSJ’s Ami Kassar
February 18, 2014 By Bob Coleman Editor, Coleman Report Writes our friend Ami in the Wall Street Journal, “A small percentage of small-business owners are bankable either with an SBA loan or a traditional bank loan. From the population of small-business owners that we work with at our loan brokerage, this group is about 15%.…
Read MoreFraud Friday – Father & Son Plead Guilty in $1.7 Million USDA B&I Loan Fraud
February 14, 2014 By Bob Coleman Editor, Coleman Report A lender relying on a contractor’s certification of completion, disbursed $1.7 million to a father/son team, who coolly pocketed about $1.3 million for non-existent work. Dad was president and the son was CFO of a company that purchased a manufacturing facility out of bankruptcy. (Oh, and…
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