Posts Tagged ‘Bob Coleman’

June 10, 2013 Missed in the headlines from the Bank of the Commonwealth guilty convictions two weeks ago is a complete and full exoneration of one of the bank vice presidents on trial. Simon Hounslow, a former vice president and chief lending officer at the bank, spent 47 days on trial in U.S. District Court…

June 4, 2013 By Bob Coleman Editor, Coleman Report SurePayroll’s Small Business Scorecard records a fifth straight month of optimistic Main Street entrepreneurs – up to 75%. This is up over the low posted last September of 45%. The problem for the economy is month-over-month hiring was down 0.3% in May, and the average paycheck…

June 3, 2013 By Bob Coleman Editor, Coleman Report Says Washington Post’s small business journalist J.D. Harrison. He cites several reports that small business lending is increasing. Coupled with a few surveys showing better financial health for Main Street, the trend is indeed positive. And, he throws in a regional observation from Moody’s that credit…

June 3, 2013 By Bob Coleman Editor, Coleman Report National Small Business Week is spread out among five cities this year – Seattle (6/17), Dallas (6/18), St. Louis (6/19), Pittsburgh (6/20) and Washington DC (6/21). Go here for your free registration in the regional cities. There is a charge for the DC event. http://www.sba.gov/nsbw/ You…

May 31, 2013 By Bob Coleman Editor, Coleman Report Work your network of peers, learn the best practices of our industry, and make yourself more valuable to your employer by attending a regional SBA lending conference this summer. I have found the Region VI’s Mid-America lender’s conference is the best regional conference out there. Where…

May 31, 2013 By Bob Coleman Editor, Coleman Report Courtesy of Bank of America’s just released Small Biz Spring 2013 report. Small business owners: Have enough access to capital – 67% Who will apply for a loan in 2013 – 19% How small business owners would use funding from loans: Invest in new equipment –…

May 30, 2013 By Bob Coleman Editor, Coleman Report If you accept a package from a loan broker that has been suspended or debarred from participating in the SBA loan program, your guaranty is null and void. So, how do you know? Here you can locate entities and individuals who have been suspended and/or debarred,…

May 29, 2013 By: Timothy D’Lauro, Esquire Starfield & Smith P.C. The SBA Statement of Personal History (SBA Form 912) has recently undergone some significant changes. The changes made are significant because they deal with the SBA loan applicant’s criminal history and potentially allow the Lender additional leeway, but also more responsibility, in determining whether…

May 28, 2013 Small business journalist Cat Clifford questions why we still don’t have a nominee for SBA Administrator after Karen Mills resigned last February. She writes; The wait is frustrating to Bob Coleman, editor of the Coleman Report, a SBA-lending industry newsletter. “It’s embarrassing,” Coleman says. “The one issue that is bipartisan in Washington…

May 28, 2013 By Karen McHugh SBA Complete The SBA Loan Authorization is SBA’s written agreement between the SBA and the lender providing the conditions under which SBA will guarantee the loan. SBA is basically establishing the terms and conditions for it’s loan guaranty, and therefore, this document defines what is required to protect the…