Posts Tagged ‘Coleman Report’
Coleman Online Small Business Lending Report — Lamenting the Online Small-Business Lending Bubble
April 30, 2015 Guest Post by Ami Kassar President & Founder MultiFunding Have you ever lied awake in the middle of the night as an entrepreneur and wondered…. Am I missing the boat and doing something wrong? That’s how I have felt lately as I’ve watched the emergence of the online small-business financing space. It…
Read MoreColeman’s Movers and Shakers
April 29, 2015 By Bob Coleman Editor, Movers and Shakers Gary Taylor Named President and COO of Newtek Barry Sloane, President, Chairman and Chief Executive Officer of Newtek Business Services Corp. says, “We are pleased to announce the addition of such a seasoned executive as Gary Taylor to our senior management team as President and…
Read MoreColeman C-Suite Small Business Lending Report — Pacific Mercantile Bank Exits SBA Lending
April 29, 2015 By Bob Coleman Editor, C-Suite Small Business Lending Report The Southern California-based lender approved 52 SBA 7(a) loans for $178 million last year. They won’t be approving many more. Rejecting the transactional nature of SBA loans, the bank fired 15 employees from their SBA department in March. Says President & CEO Steve…
Read MoreSBA Hot Topic Tuesday — East West Bank Named SBA 2015 Export Lender of the Year
April 28, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday ‘East West Bank is a proactive lender that has recognized the benefits of offering a spectrum of SBA export loan guarantees to meet the financing needs of small business exporters in multiple states. That is why it gives me great pleasure to recognize the…
Read MoreSBA Stats Tuesday — SBA 7(a) Prepays Fall Below 7%
April 28, 2015 By Bob Judge, Editor, The CPR Report In February, prepays drop back below 7% caused by a double digit decrease in both voluntary prepayments and defaults. Overall prepayments fell by 27% to 6.48%. Defaults remain below 2% for 18 months in a row. Looking at the largest sector, we saw the 20+year…
Read MoreMug Shot Monday — SBA Borrower Pleads Guilty for $1.7 Million Fraudulent (Photoshopped Docs) Biz Aq Loan
April 27, 2015 By Bob Coleman Editor, Mug Shot Monday In 2009, Stewart Harris applied for $1.7 million SBA loan to purchase a commercial glass company. To secure the loan, Harris submitted a loan application and purported tax returns in which he falsely represented the social security number of another individual. He also submitted photoshopped…
Read MoreMain Street Monday — SBA Office of Advocacy Highlights Barriers to Small Biz Growth
April 27, 2015 By Bob Coleman Editor, Main Street Monday The Office of Advocacy has released a study examining the challenges holding back small innovators. Lessons from the 3D Printing Industry, which I am fascinated with,identifies the barriers hindering the growth and development of small innovative companies, and offers solutions to those barriers. Eleven key…
Read MoreFraud Friday — Jade Capital Sponsored Borrower Gets 51 Months for Loan Fraud
April 24, 2015 By Bob Coleman Editor, Fraud Friday Randy Tran created R&K Real Estate Investment, Inc. to buy Potomac Wine & Spirits, a liquor store in Hagerstown, Maryland. Tran was the majority and controlling owner of R& K, and another individual owned a minority interest. In May 2006, Tran and the minority shareholder signed…
Read MoreColeman Small Business Lending Calendar
April 23, 2015 By Bob Coleman Editor, Small Business Lending Calendar Register Today for America East for only $349! August 12-14, Baltimore An agenda is being developed to include speakers and times. Business Valuations Outsourcing your SBA Department Closing Your SBA Loan Properly OCRM & Lender Oversight Workouts, Liquidations & Everything Herndon Deal Structure and…
Read MoreColeman C- Suite Small Business Lending Report — 5 Quick Hotel Lending Tips
April 22, 2015 By Bob Coleman Editor, Coleman C-Suite Small Business Lending Report Yesterday’s Coleman 7th Annual Hospitality Financing Webinar drew the largest number of attendees by far. Hospitality lending continues to be a very profitable lending niche for SBA and conventional lenders. Here are five quick facts that the C-Suite should consider 61% of…
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