Posts Tagged ‘Main Street Wednesday’

September 24, 2014 By Bob Coleman Editor, Coleman Report No lending holiday is on the horizon this year as Congress has bumped SBA 7(a) funding levels to a record $18.5 billion for the balance of FY 2014 and for FY 2015. Our friend Kent Hoover writes, “As of Sept. 5, more than $17.3 billion in…

September 17, 2014 By Bob Coleman Editor, Coleman Report I love dissecting the numbers and here are some to contemplate as an FDIC official testified before Congress yesterday. · Community banks account for 14% of banking assets · Community banks account for 45% of small loans to Main Street and Rural America · 600 of…

September 10, 2014 By Bob Coleman Editor, Coleman Report Says SBA’s Office of Advocacy Economist Brian Headd in his second quarter 2014 report. Overall small business indicators are improving. Promising signs include rising proprietors’ income (Figure 1), a low level of business bankruptcies (Figure 2), and establishment births consistently outnumbering establishment deaths (Figure 3). Private-sector…

September 3, 2014 By Bob Coleman Editor, Coleman Report “We think the old way is broken,” says Rozman, the 6-foot-7 front man for BoeFly who churns out new ideas faster than his boss can evaluate them. That boss, CEO Bobby Tannenhauser, takes pride in BoeFly, and in his former career as a small-business lender, in…

August 27, 2014 By Bob Coleman Editor, Coleman Report Not wanting to be only overrun with the big box stores on the outskirts of town, cities are putting money into small businesses to revitalize Main Street and to build up an economic tax base that is aesthetically pleasing to the community. Check out Columbia, South…

August 13, 2014 By Bob Coleman Editor, Coleman Report I like small business professor Scott Shane’s work. It’s usually spot on and useful. Today’s analysis of small business job creation is an excellent example. While it is true small business creates more jobs every year than big business, the margin is shrinking. Topping 67% in…

August 6, 2014 By Bob Coleman Editor, Coleman Report One of my professors in my MBA program suddenly stopped his lecture in mid-sentence and slowly stared at the class. Going completely off-topic he said, “I don’t care how big your company is, NEVER, NEVER, NEVER let someone else sign your business’ checks. Once you go…

July 30, 2014 by Kurt Chilcott President/CEO of CDC Small Business Finance Small business owners who are tired of paying rent and have a lease renewal on the horizon, should know there’s an alternative to renting – building ownership via an SBA loan program call SBA-504. Instead of writing a check to a landlord every…

July 23, 2014 By Bob Coleman Editor, Coleman Report I love small business stats, and SBA’s Office of Advocacy delivers with its just released 2013 Small Business Profiles for States (and US territories!) Download and read at your leisure. There’s a ton of good stuff here. This year’s profiles feature a new and expanded format.…

July 16, 2014 By Bob Coleman Editor, Coleman Report So says SBA’s Office of Advocacy in their latest Small Business Quarterly Bulletin. SBA Economist Brian Headd writes . . . . After almost five years of gradual economic recovery, we are seeing increasingly positive signs from small businesses. The establishment birth rate (the share of…