Micro Lender Kiva Passes One Million Borrowers

March 18, 2013 By Bob Coleman Editor, Coleman Report To balance the shocking banking news out of Cyprus and the EU, there is the good news that Kiva has announced it’s passed the one-million borrower mark – to the tune of $400 million. Kiva.org is the non profit micro lender that has also teamed with…

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SBA – St. Patrick Style

March 18, 2013 By Bob Coleman Editor, Coleman Report Last October, Ireland created an SBA style, 75% government guaranteed loan program. Check out these fascinating stats: Six loans for €582,000 have been approved creating 33 and retaining 5 jobs. The amount of the program is €150 million per year for three yers. Program losses are…

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A Micro Lending Option

March 15, 2013 By Bob Coleman Editor, Coleman Report A Micro Lending Option With Noah Breslow, Chief Executive Officer, On Deck Capital We sat down with Noah Breslow, CEO, On Deck Capital, and discussed alternative and micro-lending. Bob Coleman: Noah Breslow, On Deck Capital out of New York. Noah welcome. Noah Breslow: Thanks so much…

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Fraud Friday – SBA Inspector General Style

March 15, 2013 By Bob Coleman Editor, Coleman Report SBA OIG nabbed two fraudsters in their February report. The first was found guilty of bank fraud in connection with a $1.7 million SBA 7(a) loan. He provided false and fictitious loan application documents, invoices, and additional supporting documents to a bank and the SBA in…

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NADCO Continues to Push Senate to Extend “Bipartisan” SBA 504 Re-fi

March 14, 2013 By Bob Coleman Editor, Coleman Report   The Senate Small Business and Entrepreneurship Committee held a roundtable this morning on small business access to capital and disaster recovery. New NADCO CEO Beth Solomon urged the Senators to extend the SBA 504 refinance program. Beth said, “While Congress may be divided on many…

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Navigating the Updated SBA Franchise Registry

March 14, 2013 Best Practices: Navigating the Updated SBA Franchise Registry By: Lynn G. Zeitlin, Esquire Starfield & Smith, P.C. There are important changes to the SBA Franchise Registry maintained by FRANdata that every SBA lender needs to know. Some will make the lenders job easier and some may generate confusion until lenders become experienced…

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Embracing the SBA 504 Loan Product

Embracing the SBA 504 Loan Product Wednesday, April 3, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Complimentary Coleman Report News with Bob Coleman starts at 1:50 p.m. Eastern Use our “email address only” order form! How to Sell the SBA 504 Loan Product to your Prospects Now is the time to make sure…

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Small Biz Lack of Capital Stunting Economic Recovery

March 13, 2013 By Bob Coleman Editor, Coleman Report TD Securites Millan Mulraine has created a chart clearly illustrating the relationship between small business hiring in relation to total employment. His assessment is small business limited access to capital has limited the recovery. “Indeed, while overall credit conditions have been on the mend, access to…

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Franchise Lending Loosens above $350,000

March 12, 2013 By Bob Coleman Editor, Coleman Report We sat down with Joe Caruso and discussed franchise lending loan amounts with Joe Caruso out of Toronto.   Bob Coleman: We’re talking with Joe Caruso on the Strategic Committee of the International Association of Franchisees and Dealerships out of Toronto, a trade-based organization. He’s also…

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Who Stole My Small Business Borrower?

Who Stole My Small Business Borrower? Innovative Lending Trends for Small Business  Friday, March 22, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Complimentary Coleman Report News with Bob Coleman starts at 1:50 p.m. Eastern Use our “email address only” order form! Ever wonder how the companies that are ineligible for SBA funding, or…

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