C-Suite Wednesday — Maximizing Recoveries in a Wind Up

October 5, 2016 By Ben T. Nicholson President, Fortis Business Advisors Contributor, C-Suite C-Suite Wednesday — Maximizing Recoveries in a Wind Up Early in the Going-Out-of-Business sales at Sports Chalet, customers reported disappointment in not getting a “great deal.” This is not surprising. To generate a significant enough return to pay off creditors and vendors,…

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Coleman’s Movers and Shakers — Leticia Scearce Named Senior Vice President of Grandpoint Bank

September 1, 2016 By Bob Coleman Editor, Coleman’s Movers and Shakers Coleman’s Movers and Shakers — Leticia Scearce Named Senior Vice President of Grandpoint Bank “Government guaranteed lending is an increasingly important component of our lending program,” says David J. Ross, executive vice president & chief credit officer of Arizona and California-based Grandpoint Bank. “If…

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Main Street Monday — Small Business Debt Defaults Rise

August 29, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Small Business Debt Defaults Rise Small businesses appear to be having more difficulty paying back existing loans. Loans more than 30 days past due rose in June to 1.56 percent, the highest since October 2014, data from PayNet shows. Small business…

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Main Street Monday — Small Business Lending Standards Relatively Unchanged

August 8, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Small Business Lending Standards Relatively Unchanged Says the Federal Reserve in its July 2016 senior loan officer survey. Overall, banks tightened credit standards for large and middle-market businesses For very small businesses, annual sales less than $5 million, credit standards remain…

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