Posts Tagged ‘Bob Coleman’
10 Small-Business Resolutions for the New Year
December 31, 2013 By Bob Coleman Editor, Coleman Report Our last post of the year is about this really nice small business end-of-the-year article in USA Today. As a bonus, it directly addresses what Main Street must do to compete with the big box stores and Amazon. Analyze your customer service Focus on customer’s needs…
Read MoreMug Shot Monday – Quick Guilty Plea in Pulaski Bank Fraud
December 30, 2013 By Bob Coleman Editor, Coleman Report One month after being indicted for a $5 million bank fraud scheme, today’s fraudster pleads guilty to one count of bank fraud. The owner of a medical equipment sales firm pledged millions of dollars in securities, as well as the medical equipment, as collateral. Problem is,…
Read MoreHow to Write your SBA Credit Box Loan Policy for 2014
How to Write your SBA Credit Box Loan Policy for 2014 When: Tuesday, January 28, 2014 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…
Read MoreFraud Friday – 4 Years for CRE Refi Deal Gone Bad
December 27, 2013 By Bob Coleman Editor, Coleman Report Before the crash in 2008, a Washington man refinanced his commercial real estate property that was 90% occupied. Well, that’s what he told Umpqua Bank. Turns out the building was “largely vacant.” The bank lost $2.2 million when it foreclosed. The court ordered our perp to…
Read MoreWill Small Business GAFA Compliance Change to GAFU?
December 24, 2013 By Bob Coleman Editor, Coleman Report Here’s a light, thought provoking pre-Christmas holiday case study you will enjoy. I’ve written in the past how Main Street must be GAFA compliant to compete in today’s ever changing economy. G – Having a Google search engine strategy A – Having an Apple mobile apps…
Read MoreMug Shot Monday – Faked SBA Loan Equity Injection Documentation Earns Multiple Bank Fraud Indictments
December 23, 2013 By Bob Coleman Editor, Coleman Report Alabama small businessman Danny Ray Butler is at the wrong end of a 51 bank fraud indictment. Danny Ray owned a couple of businesses in Tuscaloosa and he wanted to use an SBA 504 loan for the construction of a grocery store in Fosters, Alabama. In…
Read MoreFraud Friday – SBA Moves to Block SEC Payments to Small Business Capital Investors
December 20, 2013 By Bob Coleman Editor, Coleman Report Fraud Friday – SBA Moves to Block SEC Payments to Small Business Capital Investors Citing Loan “Irregularities” After 18 months, the SEC receiver for Mark Feather’s Small Business Capital has proposed an initial payment of $19 million to the investors – a little less than 50%…
Read MoreColeman Thursday Movers and Shakers
December 19, 2013 Jerry Woods and Valerie Green Join Pinnacle Financial Partners “Jerry’s and Valerie’s expertise at advising small businesses on their finances make them a great fit for our team,” said Chip Higgins, Pinnacle’s business banking team leader. Writes the Nashville Post, “Jerry Woods has joined Pinnacle as senior vice president after spending two…
Read MoreFormer Employees Win Back Pay Judgments against EDF Resource Capital
December 18, 2013 By Bob Coleman Editor, Coleman Report One year ago, the nation’s second largest SBA 504 lender closed its doors after SBA seized its portfolio. 60 employees lost their jobs the week before Christmas. After failing to have SBA’s actions overturned in federal court, little has been heard from Frank Dinsmore. Until recently.…
Read MoreSBA’s FY 2014 Budget Update
December 17, 2013 By Bob Coleman Editor, Coleman Report Tee Rowe, President & CEO America’s SBDC Spoke with Bob Coleman about the SBA fiscal year 2014 budget. Bob Coleman: Tee, talk to us about the SBA budget, how is it looking for FY 2014? Tee Rowe: It has been a couple of years since we…
Read More