Posts Tagged ‘dodd frank’

June 12, 2013 By Bob Coleman Editor, Coleman Report Small business journalist and friend Kent Hoover jumped all over yesterday’s statement by Treasury Secretary Jack Lew that perhaps it’s time the government shares all of the data it collects about a small business with lenders. Speaking at summit cohosted by the Treasury and SBA Lew…

June 11, 2013 By Bob Coleman Editor, Coleman Report The 9.5% Increase in Home Values is Good for Small Business For most of Main Street says Inc. Magazine’s Jeremy Quittner. While it is true banks have drastically cut back home equity lines – B of A is down 23% from last year – some small…

June 10, 2013 By Bob Coleman Editor, Coleman Report Wearing vintage-style dressers the partners of this donut shop, (yes another one!) got everything right and are taking Minneapolis by storm. With the help of a $30,000 SBA 7(a) loan, a perfect location, a strong branding concept, professional assistance in creating their business plan and persistence,…

June 10, 2013 In April, prepays rose slightly, but stayed below 6% for the second month in a row after starting the year with two +7% prints. The increase was based on slight increases in both defaults and voluntary prepayments. As for the detail, overall prepayments rose 5.17% to 5.86% from 5.57% in March. In…

June 10, 2013 Missed in the headlines from the Bank of the Commonwealth guilty convictions two weeks ago is a complete and full exoneration of one of the bank vice presidents on trial. Simon Hounslow, a former vice president and chief lending officer at the bank, spent 47 days on trial in U.S. District Court…

June 4, 2013 By Bob Coleman Editor, Coleman Report SurePayroll’s Small Business Scorecard records a fifth straight month of optimistic Main Street entrepreneurs – up to 75%. This is up over the low posted last September of 45%. The problem for the economy is month-over-month hiring was down 0.3% in May, and the average paycheck…

June 3, 2013 By Bob Coleman Editor, Coleman Report Says Washington Post’s small business journalist J.D. Harrison. He cites several reports that small business lending is increasing. Coupled with a few surveys showing better financial health for Main Street, the trend is indeed positive. And, he throws in a regional observation from Moody’s that credit…

June 3, 2013 By Bob Coleman Editor, Coleman Report National Small Business Week is spread out among five cities this year – Seattle (6/17), Dallas (6/18), St. Louis (6/19), Pittsburgh (6/20) and Washington DC (6/21). Go here for your free registration in the regional cities. There is a charge for the DC event. http://www.sba.gov/nsbw/ You…

May 31, 2013 By Bob Coleman Editor, Coleman Report Work your network of peers, learn the best practices of our industry, and make yourself more valuable to your employer by attending a regional SBA lending conference this summer. I have found the Region VI’s Mid-America lender’s conference is the best regional conference out there. Where…

May 31, 2013 By Bob Coleman Editor, Coleman Report Courtesy of Bank of America’s just released Small Biz Spring 2013 report. Small business owners: Have enough access to capital – 67% Who will apply for a loan in 2013 – 19% How small business owners would use funding from loans: Invest in new equipment –…