Posts Tagged ‘C-Suite’
C-Suite Wednesday — What’s in a name? How the SBA Harnessed Franchise Brand Name Complexities
September 21, 2016 By Edith Wiseman CFE, President FRANdata C-Suite Wednesday — What’s in a name? How the SBA Harnessed Franchise Brand Name Complexities When submitting loan packages to the SBA to obtain loan guarantee numbers, lenders need to determine if the loan meets affiliation standards. Franchise loans must meet both general borrower and franchise-specific…
Read MoreC-Suite Wednesday — 41% of Main Street Say Lack of Capital is Hindering their ability to Grow
September 7, 2016 By Bob Coleman Editor, C-Suite Wedensday C-Suite Wednesday — 41% of Main Street Say Lack of Capital is Hindering their ability to Grow The 2016 National Small Business Association Mid-Year Economic Report shows a small-business community that is continuing to plug along, with ongoing concerns over the overall economy. Economic uncertainty continues…
Read MoreC-Suite Wednesday — PNC Bank Pays Feds $9.5 Million to Settle Claims for Bad SBA Loans
August 17, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — PNC Bank Pays Feds $9.5 Million to Settle Claims for Bad SBA Loans PNC Bank settled a $9.5 million False Claims Act yesterday for failure to prudently underwrite and close SBA 7(a) loans. PNC approved 74 PLP SBA-guaranteed loans that were brokered by…
Read MoreC-Suite Wednesday — 81% of Main Street Optimistic, 49% to Increase Profits
July 27, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — 81% of Main Street Optimistic, 49% to Increase Profits Says the second annual Bank of the West Small Business Growth Survey. Here are some of the financial highlights: Outlook for the next 12 months — 81% positive Outlook on the economy for the…
Read MoreC-Suite Wednesday — American Express Enters FinTech Small Business Lending Market
July 6, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — American Express Enters FinTech Small Business Lending Market Looking to replace the revenue stream with the termination of its exclusive Costco credit card processing partnership, AmEx is eyeing the small business lending market. AmEx’s venture, Working Capital Terms, will approve loans in minutes…
Read MoreC-Suite Wednesday — SBA OIG Targets Live Oak Bank’s Poultry SBA 7(a) Lending
June 1, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA OIG Targets Live Oak Bank’s Poultry SBA 7(a) Lending Live Oak Bank’s SBA niche lending strategy is drawing the attention of SBA’s Inspector General. The bank entered the poultry farm market in 2014 — approving $611 million of loans to 309 farms…
Read MoreC-Suite Wednesday — SBA OIG Continues to Hammer the Agency on Improper SBA 7(a) and 504 Guaranty Payments
May 25, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — SBA OIG Continues to Hammer the Agency on Improper SBA 7(a) and 504 Guaranty Payments In its May 13, 2016 report, the SBA Inspector General says SBA continues to make mistakes on SBA 7(a) loan guaranty purchases by not identifying lender documentation errors.…
Read MoreC-Suite Wednesday — 67% of U.S. Small Biz Exporters Demand Payment Up Front
May 11, 2016 By Bob Coleman Editor, C-Suite Wednesday C-Suite Wednesday — 67% of U.S. Small Biz Exporters Demand Payment Up Front Is one of the results of NSBA’s 2016 small business exporting survey. “Global market volatilities and a strong U.S. dollar have contributed to a slowdown in export activity among small firms,” says NSBA…
Read MoreC-Suite Wednesday — SBA and Fee Income: There’s More than Meets the Eye
April 6, 2016 By Walter McLaughlin Contributor, C-Suite Wednesday C-Suite Wednesday — SBA and Fee Income: There’s More than Meets the Eye Lenders involved with the SBA 7(a) program are normally aware that the secondary market is a substantial source of income. Although the markets ebb and flow over time, today’s premiums approach 17% for…
Read MoreC-Suite Wednesday — Why you Need to Start or Invest in an SBIC
March 23, 2016 By Marty Teckler Partner, Kelley Drye mteckler@kelleydrye.com Contributor, C-Suite Wednesday C-Suite Wednesday — Why you Need to Start or Invest in an SBIC “Banks and their holding companies and certain investment advisers can derive significant regulatory advantages from participating directly or indirectly in the SBIC Program whether or not Leverage is obtained.…
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