Posts Tagged ‘Bob Coleman’

April 15, 2013 By Bob Coleman Editor, Coleman Report I’ve written about the threat Amazon poses to Main Street with its plans for same-day product delivery. Today’s entrepreneur faces continuing challenges on many fronts to survive. Amazon is just one. However, Main Street can compete with Amazon, as along as the entrepreneur clearly understands the…

SBA Remarks on the President’s Fiscal Year 2014 Budget Small Business Lending and Investment Summit Capitol Hill, Washington D.C. April 10, 2013 By Bob Coleman Editor, Coleman Report SBA Associate Administrator Jeanne Hulit announced President Obama’s year end 2014 budget for the 7(a) loan program at $17.5 Billion and the 504 loan program at $6.5 Billion. The…

April 9, 2013 Entrepeneur’s Cat Clifford gives an excellent overview of the explosive growth in crowdfunding – computer online platforms that match investors with entrepreneurs. First the stats. There are 308 crowdfunding platforms that raised $2.7 billion last year, an 81% increase over 2011. Here are Cat’s three themes 1) More groups are using crowdfunding…

April 9, 2013 Yesterday we wrote about a federal prosecutor who is going after four Virginia ex-community bankers and criminalizing bad loan decisions. Today, we cover a Dayton Daily News hit piece that shockingly (yes, note the heavy sarcasm) reveals a $1.3 billion loss in SBA 7(a) loans over a 13 year period. Buried in the story…

April 8, 2013 By Bob Coleman Editor, Coleman Report New York Times blogger Ami Kassar has penned a thoughtful piece reminding all of us that despite the relentless drive to boil everything down to buckets, social media ratings and credit scores, small business lending is still an art. He writes about his recent encounter with…

April 8, 2013 By Bob Coleman Editor, Coleman Report Stung by criticism no one individual on Wall Street is being held accountable for the mortgage meltdown mess, federal prosecutors are looking for others to fry. While civil penalties of billions and billions of dollars have been imposed on banks, “Too Big to Jail” has been…

April 5, 2013 We have been following this fraud trial in Norfolk that involves a $71 million fraud against the now defunct Bank of Commonwealth. In its third week, three former bank executives are among the five defendants on trial for numerous counts of bank fraud. The case involves the usual tale of chummy relationships…

April 5, 2013 By Bob Coleman Editor, Coleman Report So says the Chamber of Commerce first quarter 2013 Small Business Outlook Study. The findings · 70% say their business is headed in the right direction · 79% say the US economy is in the wrong direction · 20% say they will add employees in the…

April 4, 2013 Paypal continues to experiment with online merchant financing. In the UK, PayPal offers merchants up to £25,000 based on their past PayPal sales receipts. It’s pricy – in the 30% range. However, new is the concept to re-pay the money as a percentage of their daily sales. PayPal offers a 12% rate,…

April 4, 2013 Demanding SBA travel records, House Small Business Chairman Sam Graves has asked SBA Administrator Karen Mills what she plans on doing to mitigate the impact of sequestration of the agency’s core mission. Congressman Graves is concerned over a letter Mills’ has sent to the Senate where she said sequestration would cut the…