Main Street | Coleman Report

Fraud Friday – The Secret Bank of the Vatican

July 26, 2013 By Bob Coleman Editor, Coleman Report OK, OK, this morning’s report has nothing to do with small business lending, but as we enter the dog days of summer the news is a little light. But for all bankers, this is an excellent article of the history of the origins of the 7…

What SBA Requires Lenders to Report to Credit Agencies

July 25, 2013 by Karen McHugh SBA Complete SBA requires lenders to report information to the appropriate credit reporting agencies whenever they extend credit with an SBA loan. Thereafter, the lender should continue to routinely report information concerning servicing, liquidation, and charge-off activities throughout the life cycle of the loan. This appears to be rather…

Small Business Share of Jobs Dips Below 50%

July 25, 2013 By Bob Coleman Editor, Coleman Report Further proof there is a true access of capital by Main Street, right? Not really says Case Western Reserve’s Scott Shane. He crunches a lot of numbers and he writes the driver of higher employment numbers by big companies is the decline of “job destruction.” That…

England’s SBA Style Programs an Epic Failure

July 24, 2013 By Bob Coleman Editor, Coleman Report Limited access to capital for Main Street is a worldwide problem that extends from America’s shores. Add the UK to the list of failed government policies for Main Street. A “scheme” to get £1.1 billion to middle market firms has only funded £5 million in the…

Top 3 Candidates to Lead the SBA

July 24, 2013 By Bob Coleman Editor, Coleman Report Entrepreneur’s Cat Clifford continues to bang the drum about the absence of a candidate to replace outgoing SBA Administrator Karen Mills next month. Last week, I blasted the Administration for failing to act noting that there are a number of qualified candidates in the public and…

Franchise Spotlight: Robeks

July 23, 2013 By Bob Coleman Editor, Coleman Report Bob Coleman: We’re with Mike Reynolds, the Chief Development Officer of Robeks at The BoeFly Franchise Lending Spotlight Conference 2013 and there we go, fruits, smoothies, and healthy eats. Mike, what do you guys do? Mike Reynolds: Well, we are the purveyor of high-quality premium smoothies.…

What you Need to Know to Underwrite Franchise Loans

What you Need to Know to Underwrite Franchise Loans Tuesday, August 13th, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Use our “email address only” order form! Last year, over 1,000 franchise systems were financed by SBA lenders. Eleven percent of all SBA guaranteed loans are to a franchisee. There are major opportunities for…

Five Months without a Replacement for SBA Administrator?

July 22, 2013 By Bob Coleman Editor, Coleman Report “There is no excuse for the administration’s inaction. Sadly, it appears the stated support for Main Street by the President during election was only pandering. It is ridiculous that the White House can’t find a qualified nominee after five months. There are a number of worthy…

Mug Shot Monday – 10 Days in Jail in $5 Million Loan Fraud?

July 22, 2013 By Bob Coleman Editor, Coleman Report Did celebrity worship influence a judge in a ten day sentence for loan fraud? The University of Memphis Tigers basketball game (former) announcer pled guilty to one count of loan fraud last February. The Commercial Appeal reported… U.S. District Judge Michael P. Mills told Roberts that…

Franchise Tag Helps Reduce Small Business Loan Risk

July 19, 2013 By Bob Coleman Editor, Coleman Report We spoke with Mary Jo Larson, Publisher, Franchise Times about getting capital to large and up and coming franchise brands at the Franchise Spotlight Conference in Irvine, CA. Bob Coleman: We’re talking with Mary Jo Larson, the publisher of Franchise Times. Mary Jo, welcome, we’re in…