Posts Tagged ‘Main Street’

March 11, 2013 By Bob Coleman Editor, Coleman Report  A BB&T commercial loan officer in South Carolina had a side gig. He owned a company that brokered used road construction equipment. You already know where this is heading. Says the FBI, “ Because of the downturn in the economy, CAK was struggling and needed capital.…

March 8, 2013 By Bob Coleman Editor, Coleman Report What should be the First Priority of the new SBA Administrator? Cat Clifford of Entrepreneur Magazine asked me this and I am stumped. There will be a number of issues on the plate, but which is the most important? Encourage the continued streamlining of the SBA…

March 8, 2013 By Bob Coleman Editor, Coleman Report Today’s coverage of the small business lending industry is all over the map. One survey is Pollyannaish, for Main Street, the next day doom and gloom prevails. The Washington Post does an excellent job recapping where we are in the first quarter of 2013. Steady and…

March 7, 2013 By Bob Coleman Editor, Coleman Report Jon Winick of Clark Street Capital has a great interview with Ed Wehmer, CEO of Wintrust Financial, a $17.5 billion community bank in Chicago. I particularly liked this excerpt…. Jon Winick: I heard you subscribe to the theory that once a deadbeat, always a deadbeat. Ed…

March 7, 2013 Bob Coleman Editor, Coleman Report As a follow up to yesterday’s question if the U.S. federal government is doing enough to making sure Main Street has access to capital, the answer in the U.K. is a resounding no. First, we read the U.K. GDP shrank 0.3% at the end of 2012, now…

March 6, 2013 By Bob Coleman Editor, Coleman Report Do you think Creditworthy Small Businesses can get the Money they need without the Government’s Help? So asks our friend Kent Hoover in today’s Washington Business Journal. He cites this Politico op-ed piece co-authored by IFA Prez Steve Caldeira, NSBA’s Todd McCracken and new NADCO chief…

March 6, 2013 With Mike Rozman, Co-President and Chief Strategy Officer Bob Coleman: We’re with Mike Rozman, Co-President, Boefly; Mike out of Needham, Massachusetts. We’ve been reading a lot about small business financing; the numbers are down. How does that translate to the franchise financing world? Mike Rozman: Sure, and thanks for having me on…

March 6, 2013 Did you know a small business in Australia is defined as having 15 employees or less? I didn’t. Anyway, I’ve been mulling this over the past week as SBA is proposing eliminating the personal resource test for its borrowers. That will expand the pool of eligible small business borrowers. SBA does have…

March 5, 2013 By Bob Coleman Editor, Coleman Report Entrepreneur’s Cat Clifford does a nice job in this article recapping the current state of SBA lending. She surmises we don’t know the full effect of the Sequester and it is difficult to predict how the agency will be operating in a year. However, the big…

March 5, 2013 By Bob Coleman Editor, Coleman Report This is an uplifting story about a number of economic development companies meeting the need for Main Street micro loans. The article profiles New York Business Development Corp, New Mexico Community Development Loan Fund, Albuquerque’s The Loan Fund and Florida’s Pasco Economic Development Council. Writes Mildred…