Main Street Monday — Beware of the VIP Syndrome in Lending

June 13, 2016 By Bob Coleman Editor, Main Street Monday Main Street Monday — Beware of the VIP Syndrome in Lending Celebrity Worship Wednesday has been a frequent blog topic for me in the past. Lenders become in awe of the borrower and make foolish mistakes causing millions of dollars in losses to their shareholders.…

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Main Street Monday – Connecting Franchisees With Main Street

October 12, 2015 Coleman Small Business Lending Podcast – Episode 5 Mike Rozman, CEO and Co-founder, Boefly.com Mike Rozman is CEO and co-founder of BoeFly.com, the online marketplace connecting business borrowers with 5,000+ lenders. Mike is passionate about helping small business owners most efficiently secure competitive financing to start a business or grow their existing…

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Main Street Monday — Main Street Optimism Continues to Increase

August 17, 2015 Main Street Monday — Main Street Optimism Continues to Increase By Bob Coleman Editor, Main Street Monday Says Chase in its 2015 Small Business Leaders Outlook report. Main Street continues to expect continued recovery after the recession. 2015 numbers are across the board stronger than in 2014. Main Street expects higher revenues,…

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Main Street Monday — Online Lenders Outpace SBA 7(a) Lenders by Over 2 to 1

August 3, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday — Online Lenders Outpace SBA 7(a) Lenders by Over 2 to 1 For loans less than $150,000. Check out these small business lending stats. Alternative lenders, marketplace lenders, online lenders — choose your nomenclature — stats compared to SBA 7(a). Thanks to…

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Main Street Monday — Common Reasons Small Business Startups Fail

July 6, 2015 By Bob Coleman Editor, Main Street Monday I ran across this eclectic website that allows Founders to share with the community why their venture failed — autopsy.io. While the stories are about the tech world, the results are insightful and match many reasons explaining Main Street doors are shuttered. The number one…

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Main Street Monday — The Wright Brothers and their Banker

June 8, 2015 By Bob Coleman Editor, Main Street Monday I knew very little about the Dayton, Ohio, small-business owners of a bicycle shop until I just finished David McCullough’s history book about The Wright Brothers. It’s a fantastic read about Main Street American entrepreneurial spirit, I give it a big-time thumbs up. Anyway, much…

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Main Street Monday — 67% of Main Street Expects Revenues to Grow

June 1, 2015 By Bob Coleman Editor, Main Street Monday More from the Bank of America Spring Main Street Report, Part III. Nearly two-thirds (63 percent) of small business owners expect their revenue to increase in the next 12 months, compared with 68 percent a year ago. One in three small business owners (31 percent)…

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