Posts Tagged ‘Coleman Report’
SBA Hot Topic Tuesday — ABA, ICBA Urge Changes to Small Business Lending Oversight Bill, SLPC Update
June 14, 2016 By Bob Coleman Editor, Hot Topic Tuesday SBA Hot Topic Tuesday — ABA, ICBA Urge Changes to Small Business Lending Oversight Bill, SLPC Update Last week, the Senate Small Business and Entrepreneurship Committee reported the Small Business Lending Oversight bill out of committee and sent it to the full Senate. “Passing these…
Read MoreMain Street Monday — Beware of the VIP Syndrome in Lending
June 13, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Beware of the VIP Syndrome in Lending Celebrity Worship Wednesday has been a frequent blog topic for me in the past. Lenders become in awe of the borrower and make foolish mistakes causing millions of dollars in losses to their shareholders.…
Read MoreFraud Friday — Georgia Banker Gets 7 Years for Bank Fraud, Refinancing Non-Performing Loans with an SBA Guaranty
June 10, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Georgia Banker Gets 7 Years for Bank Fraud, Refinancing Non-Performing Loans with an SBA Guaranty “Today, another TARP banker was sentenced to jail for hiding a bank’s past due loans during the crisis to make the bank appear healthy,” says Christy Goldsmith Romero,…
Read MoreMain Street Monday — Harvest Small Business Announces Management Team for 7(a) License Bought from Mark Feathers’ Court-Appointed Receiver.
June 6, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Harvest Small Business Announces Management Team for 7(a) License Bought from Mark Feathers’ Court-Appointed Receiver. Co-Managers Todd Massas and Adam Seery have joined the senior management team at Harvest as Managing Directors, and will jointly oversee sales, originations, and strategic portfolio…
Read MoreIndustry Comments Overwhelmingly Slam SBA Oversight Bill
June 2, 2016 By BoB Coleman Editor, Coleman Report Industry Comments Overwhelmingly Slam SBA Oversight Bill Final Survey Results (162 participants) Do you support the bill as presented? Yes — 13% No — 87% Assume SBA’s 7(a) oversight fee increase is a fait accompli to the industry. How should it be paid for? Premium Split…
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 MoreSBA Hot Topic Tuesday — 73% of Industry Says Replace SBA 7(a) Premium Split with Portfolio Fee
May 31, 2016 By. Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — 73% of Industry Says Replace SBA 7(a) Premium Split with Portfolio Fee Through 12 p.m. EST today, 119 people have responded to our Friday survey canvassing the industry about its support and thoughts of the pending Small Business Lending…
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 MoreFraud Friday — Banker, Movie Producer Charged in PhotoShopping $13 Million of Fake Financing Docs to Secure $2.5 Million Loan
May 13, 2016 By Bob Coleman Editor, Fraud Friday Fraud Friday — Banker, Movie Producer Charged in PhotoShopping $13 Million of Fake Financing Docs to Secure $2.5 Million Loan “Rodney Dunn is charged with using his employment at a TARP bank to defraud lenders in a movie production financing scheme,” says Christy Goldsmith Romero, Special…
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…
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