Posts Tagged ‘Main Street’
Developing SBA Loan Policy and Procedures
May 16, 2013 By Karen McHugh SBA Complete Having a SBA loan policy is important for many reasons. SBA will use your own bank policy as a measuring stick at the time of loan review or risk assessment. Basically, are you doing what you say you are doing, not only in regard to SBA regulations,…
Read MoreSmall Business Acquisitions Increase 56% in One Year
May 16, 2013 By Bob Coleman Editor, Coleman Report Small Business Acquisitions Increase 56% in One Year Blame it on the baby boomers says the AP’s Joyce Rosenberg. BizBuySell.com says retirement was the number one contributor for the uptick. “It was almost like a light switch went on in January. We started getting a lot…
Read MoreAbandonment of Environmentally Contaminated Collateral
May 15, 2013 Abandonment of Environmentally Contaminated Collateral By Bart Blechschmidt, Esquire Starfield & Smith P.C. Unfortunately, all too frequently, after a loan is in default and the liquidation process has begun, the lender learns the real property collateral for the loan is environmentally contaminated. If this is the case, one should not automatically assume…
Read MoreBankruptcy and the SBA Loan, Common Problems and Simple Solutions
May 15, 2013 By Bob Coleman Editor, Coleman Report During our Bankruptcy webinar yesterday featuring Greg T. Kupniewski from Starfield & Smith, P.C. we had so many great questions from our attendees that we thought we would share some common problems and simple solutions regarding SBA loans and bankruptcy. Here are the questions from our…
Read MoreBankruptcy and the SBA Loan — Five Issues You Must Know
Bankruptcy and the SBA Loan — Five Issues You Must Know Tuesday August 14, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Complimentary Coleman Report News with Bob Coleman starts at 1:50 p.m. Eastern Use our “email address only” order form! A borrower’s bankruptcy is a common occurrence for workout specialists. However, if the…
Read MoreAs part of World Trade Month, SBA is promoting its export finance lending programs.
May 14, 2013 By Bob Coleman Editor, Coleman Report As part of World Trade Month, SBA is promoting its export finance lending programs. (Which, by the way Export Express is the only 7(a) niche that offers a 90% guaranty.) However, it’s a tough slog. Inc. Magazine’s Julie Strickland writes 84% of small business sees greater…
Read More25% of the 65+ Plus Crowd are Self-Employed
May 14, 2013 By Bob Coleman Editor, Coleman Report 25% of the 65+ Plus Crowd are Self-Employed I didn’t know that. Also, 15% are self-employed in the 50-64 bucket. Anyway, if you are over 50, and want to start a business, SBA has a name for you – encore entrepreneur. And a website. http://www.sba.gov/content/50-entrepreneurs It’s…
Read MoreMajor SBA Lender Live Oak Bank Ranks 2nd in Small Biz Lending Increase
May 8, 2013 By Bob Coleman Editor, Coleman Report Specialty SBA lender Live Oak Bank, the 3rd highest generator of SBA 7(a) loans for the first quarter of 2013, increased its small business lending volume by 240% last year. Live Oak Bank received nearly $7 million from the U.S. Treasury’s Small Business Lending Fund. Writes…
Read MoreWhat Senior Management Needs to Know about the “Small Loan Advantage” Program
What Senior Management Needs to Know about the “Small Loan Advantage” Program How to Implement the Small Loan and Community Advantage Product Thursday, May 30, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Use our “email address only” order form! What’s not to like? A 85% guaranty for loans up to $150,000, and a…
Read MoreSBA Loans on Upswing
May 7, 2013 Reports CFO Magazine’s Marielle Segarra. “Small business lending may be warming. The Small Business Administration has backed more small business loans so far this fiscal year than it did during the same period in 2012. As of May 4, the SBA had approved about 26,000 loans through its 7(a) program, compared to…
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