Posts Tagged ‘dodd frank’
Dodd-Frank the Main Street Bank Killer?
May 21, 2013 By Bob Coleman Editor, Coleman Report Biz2Credit’s Rohit Arora has penned a provocative column arguing Main Street community banks may soon join thousands of other shuttered Main Street small businesses. “Government regulations have also forced many small community banks to close over the last three years. The Dodd-Frank Act was designed to…
Read MoreCasino-funded small business loans now available in Maryland
May 21, 2013 This is first I’ve heard of this source of small business loan funding from casino revenues. Administered by the Anne Arundel EDC, the $3.4 million fund is the result of a 1.5% slice of casino state revenues. A small business is defined as companies with fewer than 500 employees and less than…
Read MoreSmall Businesses Are Borrowing Less Again, Per PayNet Index
May 20, 2013 By Bob Coleman Editor, Coleman Report Reports Small Business Trends, “Small businesses are borrowing less again. “A March report from the U.S. Small Business Administration showed small business lending had increased for the first time in 10 quarters in the last part of 2012. “But more recently the Thomson Reuters/PayNet Small Business…
Read MoreSBA Issues Corrections to SOP 5057
May 17, 2013 By Bob Coleman Editor, Coleman Report In January of 2013, SBA announced the issuance of Standard Operating Procedure (SOP) 50 57 (7(a) Loan Servicing and Liquidation) which became effective on March 1, 2013. During the past few weeks, Agency staff have received and reviewed questions and comments from program participants, including Lenders,…
Read MoreUnderwriting Small Business Acquisition Loans in 2013
Underwriting Small Business Acquisition Loans in 2013 The Appropriate Use of Add-Backs on Cash Flow Tuesday, June 18th, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Use our “email address only” order form! The AP recently reported business acquisitions are up 56% over last year. BizBuySell.com says retirement was the number one contributor for…
Read MoreNADCO’s Push for VetLoan Advantage Program
May 17, 2013 By Bob Coleman Editor, Coleman Report This week we attended the 2013 NADCO Annual Meeting at the Hotel Del Coronado in San Diego. We sat down with NADCO Board Member Patrick MacKrell, President & CEO, NYBDC, Empire State CDC and Mike Owen, CCO of CDC Small Business Finance to disuss the new…
Read MoreDeveloping SBA Loan Policy and Procedures
May 16, 2013 By Karen McHugh SBA Complete Having a SBA loan policy is important for many reasons. SBA will use your own bank policy as a measuring stick at the time of loan review or risk assessment. Basically, are you doing what you say you are doing, not only in regard to SBA regulations,…
Read MoreSmall Business Acquisitions Increase 56% in One Year
May 16, 2013 By Bob Coleman Editor, Coleman Report Small Business Acquisitions Increase 56% in One Year Blame it on the baby boomers says the AP’s Joyce Rosenberg. BizBuySell.com says retirement was the number one contributor for the uptick. “It was almost like a light switch went on in January. We started getting a lot…
Read MoreAbandonment of Environmentally Contaminated Collateral
May 15, 2013 Abandonment of Environmentally Contaminated Collateral By Bart Blechschmidt, Esquire Starfield & Smith P.C. Unfortunately, all too frequently, after a loan is in default and the liquidation process has begun, the lender learns the real property collateral for the loan is environmentally contaminated. If this is the case, one should not automatically assume…
Read MoreBankruptcy and the SBA Loan, Common Problems and Simple Solutions
May 15, 2013 By Bob Coleman Editor, Coleman Report During our Bankruptcy webinar yesterday featuring Greg T. Kupniewski from Starfield & Smith, P.C. we had so many great questions from our attendees that we thought we would share some common problems and simple solutions regarding SBA loans and bankruptcy. Here are the questions from our…
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