Posts Tagged ‘Coleman Report’

April 5, 2013 By Bob Coleman Editor, Coleman Report So says the Chamber of Commerce first quarter 2013 Small Business Outlook Study. The findings · 70% say their business is headed in the right direction · 79% say the US economy is in the wrong direction · 20% say they will add employees in the…

April 4, 2013 Paypal continues to experiment with online merchant financing. In the UK, PayPal offers merchants up to £25,000 based on their past PayPal sales receipts. It’s pricy – in the 30% range. However, new is the concept to re-pay the money as a percentage of their daily sales. PayPal offers a 12% rate,…

April 4, 2013 Demanding SBA travel records, House Small Business Chairman Sam Graves has asked SBA Administrator Karen Mills what she plans on doing to mitigate the impact of sequestration of the agency’s core mission. Congressman Graves is concerned over a letter Mills’ has sent to the Senate where she said sequestration would cut the…

April 3, 2013 By: Kimberly A. Rayer, Esquire Starfield & Smith P.C. While most Lenders are well versed on SBA loan eligibility and loan closing conditions, many are not as familiar with the SBA’s requirements when it comes time for loan servicing requests from their Borrowers. The new SOP 50 57 sets out that the…

April 3, 2013 Aficionados of baseball love stats. Being able to quantify output is key in evaluating and predicting success or failure. With that theme, this morning we are reporting on some small business performance stats by Intuit, which gathers the information from their clients. These numbers are not massaged like some government indices —…

April 2, 2013 Our friend Cat Clifford at Entrepreneur Magazine has this great article on the ten fastest growing small business industries. She writes, “Past performance is no guarantee of future results, as the old business truism says. But you also may have heard that you can’t know where you’re going without knowing where you have been.”…

April 2, 2013 With the April 26th deadline approaching, SBA’s proposed rule changes are still garnering some attention in the media. Check out this San Fernando Valley Business Journal story discussing how the elimination of the personal resource test is a good paperwork reduction move given the credit elseswhere test will apply. Writes Mark Madler,…

April 1, 2013 One of our common themes is writing about bankers who succumb to celebrity worship and grant loans they have no business making. Today we turn the tables and offer this piece about three prominent English athletes who have become small business bankers. Manchester United’s Wayne Rooney is said to earn £230,000 a…

  April 1, 2013 When the regulators told the president of a Greeley, Colorado community bank he needed to raise capital in 2008 he did exactly what they said, raising $7.8 million to bolster the bank’s reserves. Unfortunately for Mr. McAllister, the feds allege, he told his employees to solicit bank customers to trade their…