C-Suite | Coleman Report

Coleman C-Suite Wednesday – SBA Loans: To Sell, or Not to Sell?

October 7, 2015 Coleman C-Suite Wednesday – SBA Loans: To Sell, or Not to Sell? By Walter McGlaughlin Coleman Report Contributor With SBA 7(a) loan volume at an all-time high and secondary market demand strong, the question of whether to sell or hold the guaranteed portions of closed loans is a front-and-center issue for many…

Coleman C-Suite Wednesday 30 Second Poll — How did Your Year Turn out?

September 30, 2015 By Bob Coleman Editor, C-Suite Coleman C-Suite Wednesday 30 Second Poll — How did Your Year Turn out? Today is the end of the government’s fiscal year, and if you are a SBA lender, today is the last day to get your 7(a) and 504 loans approved for the 2015 SBA lender…

Coleman C-Suite Report — Main Street Accelerates Trading Speed for Higher Small Business Loan Rates

September 16, 2015 By Bob Coleman Editor, C-Suite Coleman C-Suite Report — Main Street Accelerates Trading Speed for Higher Small Business Loan Rates Last month, I read in Forbes that Paypal will soon pass the $1 billion mark in small business lending. This paragraph reveals their business model. PayPal is attracting larger merchants – including…

C-Suite Wednesday — SBA One FAQs

September 2, 2015 By Bob Coleman Editor, C-Suite The Mid-America conference in Dallas concludes today, attracting 450 SBA lending professionals. The roll out of SBA One continues to be the hot topic for SBA lenders. Here are the FAQs: 1. In what order will SBA One functionality be rolled-out? SBA is committed to roll-out functionality…

Coleman C-Suite Small Business Lending Report — SBLC, CFBP and IDAP

By Bob Coleman Editor, C-Suite Three stories in today’s alphabet soup edition! ********************************* First, Small Business Capital’s SBLC license is back on the market after BusinessUS’ purchase was nixed by SBA. The Receiver has announced the deadline for the new round of bids is July 27th. ************************************* Robert Villarreal of CDC Small BUsiness Finance disagrees…

SBA 7(a) Closer and Servicer Compensation Affected by Experience and Geography

July 1, 2015 By Bob Coleman Editor, C-Suite I received excellent feedback of my reporting of SBA 7(a) closer and servicer compensation. First, Tim Terry of SBA Advisors Says; “Just thought you would want some input from what I see as a national SBA focused recruiter. I wish I could find closers at $55. That…

Brown is the New Competitor

June 17, 2015 by Bob Coleman Editor, C-Suite Small Business Lending I don’t know why UPS didn’t do this years ago — using their data to credit score small business loans. I have been a UPS customer for 20 years. Think about all the data they have on me. •Monthly shipping costs •Whether I pay…

SBA’s LINC is a Wonderful Tool, When You can Sign On

June 10, 2015 By Bob Coleman Editor, C-Suite Small Biz Lending Challenges Report Yesterday I solicited comments about SBA lender’s experience with LINC, the online portal matching applicants with lenders. Nasr Khan, the EVP and manager of Wallis State Bank’s SBA department told me, “I can tell you from my experience it’s a wonderful tool…

Integrity Bank Reduces Equity Requirements for Veterans and Women

June 3, 2015 By Bob Coleman Editor, C-Suite Small Biz Lending Challenges Report Houston-based Integrity Bank has reduced the down payment required for SBA loans under $150,000 from 30 to 20 percent for qualified borrowers. The bank also will loan the borrower 25 percent toward the required down payment, not to exceed $7,500. Repayment of…

Coleman C-Suite Small Business Lending Report — Online Small Biz Lenders Float Self-Regulation Proposals

May 21, 2015 by Lisa McGreevy Conference Chair, Lend360 Last week, the American Banker had an extensive story on the possible regulatory headwinds coming to the “alternative” lending space. This article follows on the several others that the American Banker has been writing of late. This is just one more example of what is growing…