Posts Tagged ‘dodd frank’

June 26, 2013 By Bob Coleman Editor, Coleman Report Flush with cash to audit lender SBA 7(a) recovery act loans, our friends at the Inspector General don’t disappoint in their just released “first memorandum” of federal government improper payments to SBA 7(a) lenders. Their findings? Lenders were wrong with their documentation 100% of the time.…

June 25, 2013 By Bob Coleman Editor, Coleman Report Yesterday, we reported how Obama’s Small Business Lending Fund has increased small business lending for 90% of lenders who accessed the fund. Today, another view. The Washington Post’s J.D. Harrison says three years after the end of the recession, we remain in a credit desert, with…

June 25, 2013 By Bob Coleman Editor, Coleman Report Not to be out done by the larger Wall Street banks, now U.S. Treasury is getting into the small business loan chest thumping pr blitz and bragging about how it is meeting the needs of Main Street. Check out this array of cool stats. 1) 90%…

June 24, 2013 By Kent Hoover Washington Bureau Chief, Business Journals The Small Business Administration is ending its celebration of National Small Business Week with events in Washington, D.C., that serve as a swan song of sorts for SBA Administrator Karen Mills. Mills has been a strong leader for the SBA at a critical time,…

June 24, 2013 By Bob Coleman Editor, Coleman Report Three banks, two certified development companies and two Small Business Investment Companies today received the highest recognition by the U.S. Small Business Administration in Washington, D.C., as they were proclaimed 2013 Lenders and Investment Companies of the Year, during National Small Business Week. Also honored were…

June 21, 2013 By Bob Coleman Editor, Coleman Report We sat down with Ami Kassar, CEO and Founder of MultiFunding to discuss how small businesses are being defined. Ami is a nationally renowned leader in small business planning and lending. Ami is published weekly in the You’re the Boss New York Times Blog covering small business.…

June 20, 2013 By Karen McHugh SBA Complete If and when it comes to pass that you need to call upon the SBA to pay under its guaranty, there are three responses that could occur: • Full payment of the guaranty • Reduced payment of the guaranty (as a result of a repair) • Denial…

June 20, 2013 By Bob Coleman Editor, Coleman Report Today is day four of National Small Business Week! Events are taking place in Pittsburgh and online, so take a look at what’s on the agenda for panels on how to start or grow a business. You can also check out the live-stream of SBA Administrator…

June 20, 2013 By Bob Coleman Editor, Coleman Report New York, NY – A new report released at the start of the International Franchise Expo in New York City shows that U.S. Small Business Administration (SBA) lending to franchising increased more than 60 percent over the previous year, shrinking a credit access gap that has…

June 19, 2013 By Jessica L. Conn, Esquire Starfield & Smith, PC When SBA introduced the streamlining documents for the 504 Loan Closing process, significant changes were made to the Third Party Lender Agreement. While many of these changes were simply clarifications, some change the substance of the certifications and covenants made by third party…