Posts Tagged ‘Bob Coleman’
SBA Personal History Revised Procedures
October 11, 2013 By Karen McHugh SBA Complete As we all are aware now, SBA just recently released the newest version of the SOP 50 10 5 (F), effective January 1, 2014. Even though the new rules don’t become effective for another few months, now is the time to review, interpret, and commit them to…
Read MoreThursday’s Movers And Shakers
October 10, 2013 By Bob Coleman Editor, Coleman Report Kurt Chilcott Awarded Lifetime Achievement Award For Small Business Economic Development Kurt Chilcott, President and CEO of CDC Small Business Finance, the nation’s largest 504 lender, was awarded the 2013 Lifetime Achievement Award for Excellence in Economic Development in Honor of Edward deLuca by the International…
Read MoreBankrupt Borrower Files False Claims Act Lawsuit against Lending Bank for SBA 504 Loan Loss
October 4, 2013 By Bob Coleman Editor, Coleman Report A hotel owner who received a SBA 504 loan is suing the bank as a whistle blower under the Federal False Claims Act. The borrower says the bank made false statements to SBA when it certified there were no material changes in the borrower’s financial condition…
Read MoreSOP 50 10 5 (F) – Collateral Requirement Changes
October 4, 2013 By Karen McHugh As we all are aware now, SBA just recently released the newest version of the SOP 50 10 5 (F), effective January 1, 2014. Even though the new rules don’t become effective for another few months, now is the time to review, interpret, and commit it to memory. There…
Read MoreSBA Contingency Plan for Governement Shutdown
September 30, 2013 SBA’s Contingency Plan for Governement Shutdown If Congress and the President are not able to reach an eleventh hour agreement to fund the government, only SBA’s Inspector General audit team and the disaster loan programs will continue to operate as business as usual. If the following SBA programs are interrupted, that will…
Read MoreThursday’s Movers and Shakers
September 26, 2013 By Bob Coleman Editor, Coleman Report Capital Access Network Appoints GE Capital Veteran As Its New CFO Capital Access Network, Inc. (CAN), the largest and most-experienced small business finance specialist, has appointed GE Capital Veteran Shiladitya (“Shila”) Ray as the company’s new Chief Financial Officer. Ray succeeds former CFO Daniel DeMeo, who…
Read MoreCapital Access Network Appoints GE Capital Veteran As Its New CFO
September 26, 2013 New York, NY– September 3, 2013 – Capital Access Network, Inc. (CAN), the largest and most-experienced small business finance specialist, has appointed GE Capital Veteran Shiladitya (“Shila”) Ray as the company’s new Chief Financial Officer. Ray succeeds former CFO Daniel DeMeo, who is now CAN’s Chief Executive Officer. “Shila is a top-notch…
Read MoreNew SOP 50 10(F) Brings Big Changes to SBA Loan Program Requirements
September 25, 2013 By Ethan W. Smith, Esquire Starfield & Smith P.C. On September 24, 2013, SBA released SOP 50 10 5(F) to the SBA lending community. This SOP will become effective on January 1, 2014 and contains several significant changes to SBA’s requirements in connection with its loan programs. Many of the revisions reflect…
Read MoreColeman Small Business Lender Link: SBDCs and Franchise Loans
Coleman Small Business Lender Link: SBDCs and Franchise Loans Monday, October 14, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern Use our “email address only” order form! This is the first Coleman Webinar targeted solely to the SBDC…
Read MoreMug Shot Monday – Borrower in Bank of Commonwealth Fraud Gets Bankers Gets 50 Months in Jail
September 23, 2013 By Bob Coleman Editor, Coleman Report Another sentence is in for the Bank of Commonwelth fraud convictions. A borrower co-defendant will serve a little over four years in jail. The sentence was announced the same week as a former senior loan officer drew a 17 year sentence. Unlike other borrowers, which the…
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