Posts Tagged ‘Main Street’
Main Street Monday — Bank of America Survey Finds Hispanic Entrepreneurs Overwhelmingly Optimistic About Future
March 26, 2018 By Bob Coleman Editor, Coleman Report Main Street Monday — Bank of America Survey Finds Hispanic Entrepreneurs Overwhelmingly Optimistic About Future “Hispanic small business owners expect robust economic growth, higher revenue and increased hiring in 2018,” says Elizabeth Romero, Small Business Central Division executive, Bank of America. “As one of the fastest-growing…
Read MoreA Coleman Special Report — SBA Halts 7(a) Lending Effective Today
July 23, 2015 A Coleman Special Report — SBA Halts 7(a) Lending Effective Today By Bob Coleman Editor, Coleman Report This just in from SBA. SBA will no longer automatically issue a SBA 7(a) loan number for any SBA loan submitted beginning Thursday, July 23. While I expect some loans to be funded take notice….…
Read MoreThe Industry Reacts to our coverage of the SBA 7(a) Lending Holiday
July 23, 2015 The Industry Reacts to our coverage of the SBA 7(a) Lending Holiday By Bob Coleman Editor, Coleman Report Many of you on the 504 side sent me emails telling me the chickens are coming home to roost for 7(a) lenders. Chris Hurn of Fountain Head Capital notes, What, no mention of record-setting…
Read MoreColeman Main Street Wednesday — $15 Minimum Wage Forces Seattle Restaurant to Raise Prices 21%, but Eliminates Tipping
April 8, 2015 By Bob Coleman Editor, Main Street Wednesday Last month I calculated restaurants would have to raise prices 7% to compensate for the first incremental increase in the city’s minimum wage to $11 an hour on April 1. There would be periodic mandated scaled increases to get to $15. The upscale Ivar’s Salmon…
Read MoreSuspect in Sonoma Valley Bank fraud found dead
May 9, 2014 By Bob Coleman Editor, Coleman Report A couple of weeks ago I reported on the arrest of two Sonoma Valley Bank bankers, Sean Cutting and Brian Melland, a borrower and the borrower’s attorney. The four were arrested in connection with the loss of $8.65 million in TARP funds when the…
Read MoreColeman Thursday Movers and Shakers
May 8, 2014 United Community Bank Acquires Business Carolina Blairsville, Ga.-based United Community Banks Inc. said Monday its banking subsidiary agreed to acquire approximately $25 million of loans and $6 million of other assets from Columbia-based commercial lender Business Carolina Inc. “We have been looking for a partner to help fuel our efforts…
Read MoreSBA Administrator Contreras-Sweet’s Keynote Speech at NAGGL Today – It’s Time to Get Rid of Paper!
May 7, 2014 By Bob Coleman Editor, Coleman Report New SBA Administrator Maria Contreras-Sweet is making the rounds to SBA lending trade groups Her message? She told NAGGL attendees in Florida today SBA will radically change its processes to help SBA 7(a) lenders make smaller loans to underserved markets. “Today, I have…
Read MoreSBA Hot Topic Tuesday – Top Ten NADCO Style
May 6, 2014 By Bob Coleman Editor, Coleman Report I’m back in town after leading the “Hot Topic” Third Party Lender breakout session at the Broadmoor Hotel in Colorado Springs last week. Thanks to the panelists for taking their time to inform session attendees their view of the SBA 504 industry: Donald…
Read MoreBoeFly Launches Small Business Lending Tool — bQual™
February 26, 2014 By Bob Coleman Editor, Coleman Report “We built bQual to address the questions we’ve heard from some of the thousands of business owners that have used BoeFly since we launched in March of 2010 — “Can I get real-time information and insight before I start the search for financing,” said Mike Rozman,…
Read MoreHow Big is the Small Business Lending Market?
February 26, 2014 By Bob Coleman Editor, Coleman Report $1 trillion says SBA’s Office of Advocacy. This just released two page report is a nice overview of the current state of small business lending. Here are some stats for 2013; Small Business Borrowing from Banks – $585 billion Small Business Borrowing from Finance Companies –…
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