Wells Fargo Named Large SBA 7(a) Loan Lender of the Year

June 24, 2013 By Bob Coleman Editor, Coleman Report Three banks, two certified development companies and two Small Business Investment Companies today received the highest recognition by the U.S. Small Business Administration in Washington, D.C., as they were proclaimed 2013 Lenders and Investment Companies of the Year, during National Small Business Week. Also honored were…

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What is the Definition of a Small Business?

June 21, 2013 By Bob Coleman Editor, Coleman Report We sat down with Ami Kassar, CEO and Founder of MultiFunding to discuss how small businesses are being defined. Ami is a nationally renowned leader in small business planning and lending. Ami is published weekly in the You’re the Boss New York Times Blog covering small business.…

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SBA Guaranty Repairs and Denials

June 20, 2013 By Karen McHugh SBA Complete If and when it comes to pass that you need to call upon the SBA to pay under its guaranty, there are three responses that could occur: • Full payment of the guaranty • Reduced payment of the guaranty (as a result of a repair) • Denial…

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SBA Lending to Franchises Jumps 60%

June 20, 2013 By Bob Coleman Editor, Coleman Report New York, NY – A new report released at the start of the International Franchise Expo in New York City shows that U.S. Small Business Administration (SBA) lending to franchising increased more than 60 percent over the previous year, shrinking a credit access gap that has…

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The Revised SBA Third Party Lender Agreement

June 19, 2013 By Jessica L. Conn, Esquire Starfield & Smith, PC When SBA introduced the streamlining documents for the 504 Loan Closing process, significant changes were made to the Third Party Lender Agreement. While many of these changes were simply clarifications, some change the substance of the certifications and covenants made by third party…

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If it’s Wednesday, It must be St. Louis

June 18, 2013 By Bob Coleman Editor, Coleman Report Watch a live stream of National Small Business Week in St. Louis. http://www.sba.gov/nsbw/ Here is today’s agenda. 10:15 to 1 p.m. Eastern 1. “Growing and Going Global” Panel Moderator: Cory Simek, Director, USEAC (Dept. of Commerce) St. Louis, MO o Doug Potts, Missouri Department of Economic…

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You Call it Income, I Call it “Cash Flow”

June 18, 2013 By Bob Coleman Editor, Coleman Report With all pr about Small Business Week, NFIB Prez has penned a great op-ed piece reminding us what Main Street entrepreneurs truly think: 1) I’m a risk taker – but my risks are purposeful 2) I work seven days a week 3) My employees are my…

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It’s Tougher than it was Five Years Ago, but I am Going to Succeed

By Bob Coleman Editor, Coleman Report That is small business’ new mantra writes Entrepreneur’s Cat Clifford. “Nearly six in 10 small-business owners say that it’s harder to run their company now than it was five years ago, according to a survey of 917 small-business owners and primary decision makers released today from digital-marketing company Constant…

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