Posts Tagged ‘Main Street’

March 4, 2013 By Bob Coleman Editor Coleman Report Ok, question number six of whether you are a criminal or not is tongue in cheek, but this Bill Murphy Jr. INC article is a good starting point to begin a dialogue of how your customers will be affected by Sequestration. Here are the six questions…

March 4, 2013 A Louisiana couple obtained an SBA-guaranteed loan for $560,000 to purchase a furniture store. They have been arrested for misrepresenting the value of the collateral for the loan; selling the collateral without the lender’s knowledge and falsifying their personal financial statements. A Virginia man pled guilty to making false statements on a…

March 1, 2013 By Bob Coleman Editor Coleman Report New NADCO CEO Beth Solomon pens a strong argument that the sequestration starting today will be terrible for small business and the economy. She argues that with small business leading the recovery by creating two out of every three jobs over the past three years, now…

February 28, 2013 We all read the chest-thumping platitudes how big Wall Street banks are breaking all sort of small business lending records. Specifically we’re talking about press releases by Bank of America, (UP 28%!), Citi (UP 21%!). Then, you have the other side of the coin. Inc’s Burt Helm writes small business lending only…

February 28, 2013 Participate in Coleman’s 2013 SBA BDO Compensation Survey, and Receive a Complimentary Report. Coleman is collecting information for our 20th annual SBA business development officer compensation survey. We track compensation packages for BDOs who produce SBA 7(a) and SBA 504 loans. All responses are confidential. We only publish summary results. For everyone…

February 27, 2013 By Bob Coleman Editor Coleman Report This is not your Father’s retirement. Almost half of all Baby Boomers consider themselves entrepreneurial and comfortable with high risk. That’s double the 28% of millenials. And the average age of entrepreneurs continues to rise, with the largest growth in the 55 to 64 year old…

February 27, 2013 By Bob Coleman Editor Coleman Report One of the four proposed SBA rule changes is to eliminate the Personal Resource Test for SBA 7(a) and 504 loans. The Personal Resource Test requires the lender to certify the borrower does not have excess liquid assets that should be committed to the business. So why…