Posts Tagged ‘Coleman Report’
SBA Hot Topic Tuesday — SBA Wants to Add Lenders, Export Lenders to its Programs
April 14, 2015 By Bob Coleman Editor, Hot Topic Tuesday SBA’s 2014, 148 page, annual report is an interesting read. There is pertinent information the agency publishes that SBA lenders should know. First, it’s always useful to refresh our knowledge of SBA’s three overall strategic goals. 1) Growing and businesses and creating jobs 2) Serving…
Read MoreSmall Business Lending Stats Tuesday — Small Business Creates 86% of Jobs in March
By Bob Coleman Editor, Small Business Lending Stats Tuesday I get that number from two stats. The Labor Department says the economy generated 126,000 new jobs in March. And ADP says small business jobs increased by 108,000 in March. Now, I know you can spin stats a number of different ways, but whatever the final…
Read MoreMug Shot Monday — Another Failed TARP Recipient Community Banker Guilty of 5 Counts of Fraud
‘After a one week trial, the jury convicted David Weimert, a senior officer of AnchorBank, for a fraud he committed during the time the bank applied for and received TARP bailout funds,’ says Christy Romero, SIGTARP. ‘SIGTARP’s investigation with our law enforcement partners revealed that, while in serious financial trouble during the financial crisis, the…
Read MoreFraud Friday — Business US Acquires Small Biz Capital’s SBLC License
April 10, 2015 By Bob Coleman Editor, Fraud Friday The Receiver of Small Business Capital, the non-bank lender seized by the SEC almost three years ago, has entered into an agreement to sell the license and assets to Business US. Stephanie Bitters is the Managing Director of the SBA loan program for Business US. Norris…
Read MoreColeman Feedback Friday — More on $15 Hourly Restaurant Wages and Questioning SBA Loan Charge-Offs
By Bob Coleman Editor, Feedback Friday My coverage of the increase in Seattle’s minimum brought this response from Northwest Business Development Association’s Elizabeth Rusnak. Restaurants Adapting to New Minimum Wage Laws in Seattle Hello Bob, I live in the Seattle area, and have been anxiously awaiting to see how the restaurants were going to react…
Read MoreColeman Small Business Lending Calendar — Register Now For Florida for only $249
By Bob Coleman Editor, Small Business Lending Calendar Says FLAGGL: Our 2015 conference promises to empower attendees with the latest knowledge about the ever-changing landscape of SBA 504 and 7(a) lending. Every hot topic will be covered, including regulatory and policy updates, eligibility and franchises, the SBA’s green loan policy, secondary market opportunities, and more.…
Read MoreOnline Small Business Lending Report — Micro Loans with On-Demand Invoicing
By Bob Coleman Editor, Online Small Business Lending Report Here’s a new wrinkle offered by small business online lenders. Instead of loaning against future credit card transactions, Fundbox will loan against your customer’s receivables — right from QuickBooks, or another online accounting software program. Fueled by a $40 million Series B financing injection, the lender…
Read MoreSuspect in Sonoma Valley Bank fraud found dead
May 9, 2014 By Bob Coleman Editor, Coleman Report A couple of weeks ago I reported on the arrest of two Sonoma Valley Bank bankers, Sean Cutting and Brian Melland, a borrower and the borrower’s attorney. The four were arrested in connection with the loss of $8.65 million in TARP funds when the…
Read MoreColeman Thursday Movers and Shakers
May 8, 2014 United Community Bank Acquires Business Carolina Blairsville, Ga.-based United Community Banks Inc. said Monday its banking subsidiary agreed to acquire approximately $25 million of loans and $6 million of other assets from Columbia-based commercial lender Business Carolina Inc. “We have been looking for a partner to help fuel our efforts…
Read MoreSBA Administrator Contreras-Sweet’s Keynote Speech at NAGGL Today – It’s Time to Get Rid of Paper!
May 7, 2014 By Bob Coleman Editor, Coleman Report New SBA Administrator Maria Contreras-Sweet is making the rounds to SBA lending trade groups Her message? She told NAGGL attendees in Florida today SBA will radically change its processes to help SBA 7(a) lenders make smaller loans to underserved markets. “Today, I have…
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