Franchise Spotlight: IHG

July 31, 2013 By Bob Coleman Editor, Coleman Report Bob Coleman: We’re talking with Rich Carlson, Regional Director at InterContinental Hotels Group, IHG at The BoeFly Franchise Lending Spotlight Conference 2013 in Southern California. I think I got that all in. Rich Carlson: I think you got it, thank you. Bob Coleman: Rich, you’re the…

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Why Restaurants are the Toughest Franchise Business in the World

July 30, 2013 By Bob Coleman Editor, Coleman Report Next time you have some downsized corporate type with wanderlust in their eyes talking why you should risk your shareholder’s hard fought equity to fund their start-up franchise, whip out this article and give it to them. Franchise expert Joel Libava has penned a great article…

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Small Business Innovative Lending Products Continue to Thrive

July 29, 2013 By Bob Coleman Editor, Coleman Report I’ve come across two recent articles that hammer home the point that the landscape of small business lending continues to change. And speed to market is more important to a segment of borrowers than rate. To meet his company’s payroll a borrower pawned a Picasso painting…

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Mug Shot Monday – Auto Dealer Gets 18 Months for $500,000 Bank Fraud

July 29, 2013 By Bob Coleman Editor, Coleman Report The defense asked for one year and one day, the prosecutors wanted 18 months, and that’s exactly what our fraudster got after his February guilty plea for bank fraud. Nothing fancy about the fraud. Seems someone was keeping the money that was intended to go to…

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Wells Fargo Exec – 20% of Small Business Impacted by Real Estate Market

July 26, 2013 By Bob Coleman Editor, Coleman Report A Washington Post flattering piece about Wells Fargo small biz exec Lisa Stevens has some useful stats. 1)      With 20% of small businesses in industries that are directly impacted by the real estate market – construction, interior design, architectural services, landscaping – “we expect to see…

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Fraud Friday – The Secret Bank of the Vatican

July 26, 2013 By Bob Coleman Editor, Coleman Report OK, OK, this morning’s report has nothing to do with small business lending, but as we enter the dog days of summer the news is a little light. But for all bankers, this is an excellent article of the history of the origins of the 7…

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What SBA Requires Lenders to Report to Credit Agencies

July 25, 2013 by Karen McHugh SBA Complete SBA requires lenders to report information to the appropriate credit reporting agencies whenever they extend credit with an SBA loan. Thereafter, the lender should continue to routinely report information concerning servicing, liquidation, and charge-off activities throughout the life cycle of the loan. This appears to be rather…

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Small Business Share of Jobs Dips Below 50%

July 25, 2013 By Bob Coleman Editor, Coleman Report Further proof there is a true access of capital by Main Street, right? Not really says Case Western Reserve’s Scott Shane. He crunches a lot of numbers and he writes the driver of higher employment numbers by big companies is the decline of “job destruction.” That…

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England’s SBA Style Programs an Epic Failure

July 24, 2013 By Bob Coleman Editor,  Coleman Report Limited access to capital for Main Street is a worldwide problem that extends from America’s shores. Add the UK to the list of failed government policies for Main Street. A “scheme” to get  £1.1 billion to middle market firms has only funded £5 million in the…

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