SBA Loans on Upswing

May 7, 2013 Reports CFO Magazine’s Marielle Segarra. “Small business lending may be warming. The Small Business Administration has backed more small business loans so far this fiscal year than it did during the same period in 2012. As of May 4, the SBA had approved about 26,000 loans through its 7(a) program, compared to…

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Hospitality Industry Cliffs Notes For Lenders — “It’s Good”

May 7, 2013 By Bob Coleman Editor, Coleman Report We sat down with Jan Freitag, a Senior Vice President at STR, his firm tracks supply and demand data for the hotel industry and provides valuable market share analysis for all major international hotel chains and brands. He simply said hospitality lending is “good right now,…

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Does Google Want to be a Small Business Lender?

May 6, 2013 By Bob Coleman Editor, Coleman Report Asks Bloomberg’s Patrick Clark. The reason for the question is Google has announced two investments in alternative lenders this week, including a $125 million investment in Lending Club. Who is Lending Club? The company boldly states, “Lending Club is using the Internet to reshape the financial…

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Fraud Friday – 30 Months for Colorado Community Banker

May 2, 2013 By Bob Coleman Editor, Coleman Report Fraud Friday – 30 Months for Colorado Community Banker “Those responsible for bank failures were also ultimately responsible for the weakening of our economy,” said U.S. Attorney John Walsh. “Thanks to the hard work of the Assistant U.S. Attorneys, the FBI, IRS-Criminal Investigation, and the FDIC,…

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Things Are Getting Better Because Construction is Coming Back

May 2, 2013 By Bob Coleman Editor, Coleman Report We spoke with Mark Vitner, Senior Economist, Managing Director at Wells Fargo about commercial and residential construction coming back, a significant finding from the 2013 Wells Fargo Small Business Quarterly Index. Watch the interview here. Bob Coleman: Wells Fargo issued their small business index yesterday. It looks like small…

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A Free MBA Class about Small Business you need to Check Out

May 2, 2013 By Bob Coleman Editor A little off topic this morning, but if you aren’t aware of the higher education disruptor, here goes. Coursera has partnered with over 100 universities (e.g. Cal Tech, Stanford, Columbia, University of Edinburgh) to provide college level classes free to students around the world. This week begins the…

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Lender Liability Under the Federal False Claims Act

May 1, 2013 Best Practices: Lender Liability Under the Federal False Claims Act By: Norman E. Greenspan, Esquire, Starfield & Smith P.C. Recently, the U.S. Small Business Administration’s Office of Inspector General (“OIG”) reported to Congress that there has been a significant increase in the number of qui tam False Claims Act (31 U.S.C. §3729,…

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