Posts Tagged ‘Coleman Report’
Coleman’s Movers and Shakers
May 20, 2015 By Bob Coleman Editor, Coleman’s Movers and Shakers Maine the base of the newest SBA 7(a) nonbank lender CEI 7(a) Financing LLC (C7a), a wholly-owned subsidiary of Maine-based Coastal Enterprises Inc., has acquired one of the 14 SBA SBLC licenses and is now a direct SBA 7(a) lender. ‘As one of the…
Read MoreFraud Friday — Auction.com to Sell Nik Patel Hotel Properties
May 15, 2015 By Bob Coleman Editor, Fraud Friday Five Nik Patel hotel properties are being sold by auction.com in July. Nik was arrested last October on fraud charges involving $180 million of bogus USDA b&i loans — allegedly. The hotels are: · The DoubleTree by Hilton Orlando East, a 246-room full-service hotel located near…
Read MoreFeedback Friday — Bloomberg Hit Piece, Alternative Lending APRs.
May 15, 2015 By Bob Coleman Editor, Feedback Friday Patrick, Patrick Patrick. Your Bloomberg hit piece about SBA franchising lending yesterday is, well a hit piece. As I said in my conversation with you for your article, banks and borrowers cover loan losses through the fees they pay to SBA. Borrowers pay an upfront loan…
Read MoreCOLEMAN SMALL BUSINESS LENDING CALENDAR — Top 5 Reasons to Attend AltLend — Small Business Alternative Lending Event in NY in July
May 14, 2015 By Bob Coleman Editor, Small Business Lending Calendar Top 5 Reasons to Attend: Analyze and discuss industry data—this is your chance to evaluate the opportunities and risks within this space! Discover alternative paths to capital through unique partnerships with banks, hedge funds, private equity, SBA, and direct lenders Participate in interactive discussions…
Read MoreColeman Online Small Business Lending Report — CAN Capital passes $5 Billion Small Biz Loan Mark
May 14, 2015 By Bob Coleman Editor, Online Small Business Lending Report “Reaching this milestone underscores how CAN Capital’s innovative technologies have helped small business owners access much needed capital to grow their businesses,” says Daniel DeMeo, Chief Executive Officer, CAN Capital. “Small business owners have an appetite for investing in inventory, marketing and technology.…
Read MoreColeman’s Movers and Shakers
May 13, 2015 By Bob Coleman Editor, Coleman’s Movers and Shakers Bank United Names Hakim Kassam as National Sales Manager “Hakim is an authoritative expert on small business financing, who will lead and grow BankUnited’s small business finance department. We are pleased to welcome him to our BankUnited team,” says Bankunited Chairman, President and CEO…
Read MoreSmall Business Lending Stats Tuesday — Wells Fargo Says…
May 12, 2015 By Bob Coleman Editor, Small Business Lending Stats Tuesday Main Street optimism takes a hit. Several factors contributed to the decrease in optimism this quarter, including: Lower revenue – In the April survey, 42 percent of small business owners reported that their company’s revenues increased over the past 12 months, down from…
Read MoreMug Shot Monday — Another Community Bank President Guilty
May 11, 2015 By Bob Coleman Editor, Mug Shot Monday Add Poppi Metaxas to the list of community bankers jailed after her bank received TARP funds. She faces five years in prison for her guilty plea of bank fraud for her role in defrauding the bank of $1.8 million. ‘While Gateway Bank was applying for…
Read MoreFraud Friday — Fraud Charges Against More Wilmington Trust Officers
May 8, 2015 By Bob Coleman Editor, Fraud Friday Add the former Chief Credit Officer and Controller to the list of Wilmington Trust bank officers criminally charged in the Delaware bank’s failure. The feds allege that Kevyn Rakowski, and William North omitted approximately $351 million of matured loans 90 days or more past due from…
Read MoreFeedback Friday — SBA Life Insurance Documentation and Landlord waiver
May 8, 2015 By Bob Coleman Editor, Feedback Friday Two questions this week, both from Coleman Certified Training Students for Coleman Faculty Instructor Lance Sexton The first is to Coleman faculty instructor Lance Sexton from his Loan Closing Training. Hi Lance – I do have one other question regarding Life Insurance. We obtain the Policy,…
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