Posts Tagged ‘Main Street’
Are You Ready for Your 2014 SBA Review?
Are You Ready for Your 2014 SBA Review? Tuesday, October 29, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern Use our “email address only” order form! Lenders need to keep up with the changes at SBA as it…
Read MoreThursday’s Movers and Shakers
September 19, 2013 Thursday’s Movers and Shakers By Bob Coleman Sunni Raney Joins CDC Small Business Finance Sunni Raney, a 13-year marketing veteran, has joined CDC Small Business Finance as director of marketing and sales support. Raney will use her expertise in marketing CDC’s national leadership in helping small businesses purchase commercial real estate via…
Read MoreSBA Inspector General Wants Lender to Refund a $300k SBA 7(a) Guaranty – #5 of 6
September 18, 2013 By Bob Coleman Editor, Coleman Report Part 5 of my 6-part periodic coverage of the June 14th SBA Inspector General audit that dinged SBA 7(a) lenders with retroactive guaranty denials. The OIG questioned a $310,637 guaranty payment in February 2011 to Plaza Bank. The OIG says the lender did not properly analyze…
Read MoreBig Data Helps Successful Small Businesses Access Capital
September 17, 2013 By Bob Coleman Editor, Coleman Report We spoke with Terry Hicks, VP & General Manager at Quickbooks Online, at the ASBDC Annual Conference in Orlando last week about how Quickbooks Online can use their accumulated data to determine successful small businesses that need access to capital. Watch the short interview here. Bob…
Read MoreDefending the Rise in SBA 504 Interest Rates
September 17, 2013 by Tom Wallace President, IDS Lenders have recently been challenged in marketing the 504 loan program by the sudden spike in debenture rates over the past ninety days. With the beginning of the tapering of “QE3” possibly on the horizon at this week’s FOMC meeting, a further level of uncertainty has afflicted…
Read MoreFraud Friday – Cows at the Center of a Ponzi Scheme
September 6, 2013 By Bob Coleman Editor, Coleman Report Our periodic reporting of the Greely, Colorado failed New Frontier Bank keeps getting more and more bizarre. In a FDIC lawsuit against the bank’s insurer the rhetoric has ratcheted up to the p word describing a $50 million fraudulent loan scheme. Says the FDIC, “This action…
Read MoreThursday’s Movers and Shakers
September 5, 2013 By Bob Coleman Editor, Coleman Report Pacific Premier Bank Now Offers Nationwide SBA Lending Pacific Premier Bank now offers SBA loan programs on a nationwide basis through its Premier Government Guaranteed Lending business unit. Diane Heyden, Senior Vice President and Government Guaranteed Lending Manager stated, “As an SBA National Preferred Lender, we…
Read MoreSBA Bans 16 People and Companies from its Loan Program in Six Months
September 4, 2013 By Bob Coleman Editor, Coleman Report Starfield & Smith’s Norman Greenspan has penned a fascinating article describing the process SBA undertakes to suspend or debar someone from its lending programs. The takeaway? If SBA wants you out of its programs, the agency has the tools at its disposal to get you out.…
Read MoreSubway Franchisees Revenues May Be Up, But Cash Flow will be Down
September 3, 2013 By Bob Coleman Editor, Coleman Report Several things pop out to me in this New York Post Subway article, and they are all bad from a small business loan underwriting and portfolio risk management standpoint. 1) Subway is buying market share at the expense of its bottom line with their $4 and…
Read MoreFraud Friday – TARP Funds Diverted to Buy a Florida Condo Results in Guilty Plea
August 30, 2013 By Bob Coleman Editor, Coleman Report Fraud Friday – TARP Funds Diverted to Buy a Florida Condo Results in Guilty Plea The DOJ has snared another community banker for malfeasance in TARP funds. The former Board Chairman pled guilty for misleading the feds about his use of $381,000 in bank bailout funds…
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