Posts Tagged ‘Main Street’

July 19, 2013 By Bob Coleman Editor, Coleman Report Today’s fraudster comes from an unlikely fraud bucket – veterinarians. Small business loans to veterinarians perform much better than other loans. In fact one SBA lender started their business by only making loans to this industry. The Oklahoma vet received one year and a day in…

July 18, 2013 By Bob Coleman Editor, Coleman Report We spoke with David A. Nayor, Co-President and Chief Operating Officer of BoeFly, LLC and Michael Rozman, Co-President and Chief Strategy Officer of BoeFly, LLC about the Franchise Spotlight Conference in Irvine, CA. Bob Coleman: What did the lenders learn at this conference? Mike Rozman: I…

July 18, 2013 By Bob Coleman Editor, Coleman Report More from the Boefly franchise lending conference in Southern California. Tip of the hat to Boefly for an outstanding event matching franchisors with lenders. Six franchisors had 30 minutes to present their concept and pitched lenders with stats and info to convince them to finance their…

July 17, 2013 By Bob Coleman Editor, Coleman Report We spoke with Chris Eby, Manager of Franchise Development, Firehouse Subs, at the Boefly Franchise Lending Spotlight Conference this week. He gave us an update on how Firehouse Subs is doing and how small business financing could help grow the brand. Bob Coleman: We’re at the…

July 16, 2013 By Bob Coleman Editor, Coleman View Bob Coleman’s Keynote Speech at the Franchise Lending Spotlight Conference Today Live at @4:00 p.m. EDT. If you would like to view my 15 minute keynote speech live (and free!) for the Franchise Lending Spotlight Conference in Southern California, please follow the instructions at the end…

July 16, 2013 By Bob Coleman Editor, Coleman Report Today is part three of our periodic coverage of the June 14, OIG report about improper SBA payments to lenders for SBA 7(a) ARAA stimulus, 90% guaranty purchases. In April 2011, SBA paid $967,869 to High Trust Bank for its share of a loss on a…

July 16, 2013 By Bob Coleman Editor, Coleman Report Inc’s Kimberly Weisul has penned an article about the not so distant future elephant in the room – the impact of Dodd-Frank on small business lending. The problem is The Consumer Financial Protection Bureau does business differently than current bank regulators. Kimberly quotes Zion’s David Hemingway…

July 15, 2013 By Bob Coleman Editor, Coleman Report More coverage of Bank of Commonwealth Fraud Trail A borrower’s employee who falsified construction loan draw requests was sentenced to five years probation and six months home confinement. Two months ago, three community bankers were convicted of bank fraud and face severe prison sentences. They are…

July 15, 2013 By Bob Judge Editor, CPR Report In May, prepays returned to the 7% level, coming in exactly at that number last month. After a move into the 5-6% range in March and April, we have returned to the levels from the first two months of the year. As has been the case…

July 12, 2013 By Bob Coleman Editor, Coleman Report The owner of a North Carolina tire recycling plant convicted of four counts of loan fraud walked out of the courtroom a free man yesterday. Federal sentencing guidelines call for a prison term of 51 to 71 months and the prosecutors urged 30 months. “In 2010,…