SBA Revokes License, Seizes 504 Loan Portfolio of Michigan-based SEM Resource Capital

February 5, 2014 By Bob Coleman Editor, Coleman Report “A formal enforcement action is warranted because the record demonstrates that there are significant problems in SEM’s systems or controls, substantial law violations, serious compliance problems, and serious reporting failures.” “Substantial law violations.” That’s a very serious statement by SBA in their 44 page enforcement order…

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How to Prepare the SBA 7(a) Liquidation Plan and Perform the Site Visit

Thursday , February 20, 2014 How to Prepare the SBA 7(a) Liquidation Plan and Perform the Site Visit Price: $289.00 2:00 p.m. to 3:15 p.m. Eastern 1:00 p.m. to 2:15 p.m. Central 12:00 p.m. to 1:15 p.m. Mountain 11:00 a.m. to 12:15 p.m. Pacific Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50…

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SBA pay decreased, retirement rate is high, according to GAO study

February 4, 2014 By NADCO Small business gets significant lip service on both side of the aisle as a top economic policy priority, but the federal agency charged with supporting Main Street hasn’t received the resources of other agencies when it comes to employee compensation and other workforce support. According to a new report by…

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Mug Shot Monday – Two Flee to Israel in $33 Million Loan Fraud

February 3, 2014 By Bob Coleman Editor, Coleman Report Southern California based electronic wholesales New Electronic and Tech Club sure looked good on paper. Profits were good, a strong AR and inventory borrowing base, supported by tax returns with both companies run by pillars of the community. Sadly, it was all a sham. Seems all…

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Coleman Thursday’s Movers & Shakers

January 30, 2014 By Bob Coleman Editor, Coleman Report Jeanne Hulit to Join Northeast Bank “I am thrilled and excited for this opportunity,” said Hulit. “Northeast Bank is a well-respected, growing community bank in New England and I will make sure our customers in Maine get the care and quality they have come to expect…

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Small Business Mentioned only 3 Times in State of the Union Speech

January 29, 2014 By Bob Coleman Editor, Coleman Report Seemingly satisfied that his administration has made more SBA loans in the last five years than any other, and acknowledging small business creates the most jobs, the only proposal by President Obama for Main Street was to focus on exporting, not access to capital – which…

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SBA Eligibility for 2014 — An in-depth Review Incorporating the January 1st SOP Changes, the New SBA Application Forms, and the Proposed Borrower Personal Resource Test Changes

SBA Eligibility for 2014 — An in-depth Review Incorporating the January 1st SOP Changes, the New SBA Application Forms, and the Proposed Borrower Personal Resource Test Changes When: Wednesday, February 19, 2014 Price: $289.00 2:00 p.m. to 3:15 p.m. Eastern 1:00 p.m. to 2:15 p.m. Central 12:00 p.m. to 1:15 p.m. Mountain 11:00 a.m. to…

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Restaurants Post 14th Consecutive Quarter of Sales Increases

January 28, 2014 By Bob Coleman Editor, Coleman Report If you love stats as much as I do, you will enjoy this seven- page white paper about the restaurant industry. Individual sales stats for the past three years of about 50 companies are broken out in buckets; fine dining, casual dining, family dining, fast casual,…

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