Posts Tagged ‘Main Street’

February 26, 2013 Here is SBA’s take on its proposed changes. Among the proposed changes are: Eliminating the Personal Resource Test: A borrower will no longer be required to obtain a maximum level of personal finance resources for a 7(a) or 504 loan. This will streamline the loan process by eliminating complicated regulations used to…

February 26, 2013 By Bob Coleman Editor Coleman Report Bloomberg’s John Tozzi got this great quote from outgoing SBA Administrator Karen Mills. “One of the most important things we hear is the SBA needs to be ubiquitous. We do all these things, but people still don’t know.” This is her advice to a yet unnamed…

February 25, 2013 What new qualities would describe someone best suited to be the new SBA Administrator? The Shreveport Times’ Rhonda Abrams provides an excellent list of career experiences and job mandates that would make President Obama’s next appointee best suited to represent the small business sector before our federal government. Her list may be…

February 22, 2013 by Bob Coleman Editor Coleman Report On Monday, SBA will propose historical changes to its lending programs. The 57-page Federal Register notice is seeking comment on a number of proposals to streamline the programs and eliminate unneeded paperwork and rules. We will cover the proposals in depth in the coming weeks, but…

February 22, 2013 by Bob Coleman Editor, Coleman Report From Iranian state media owned television “Four people were sentenced to death on charges of corruption on earth and disrupting the country’s economic system,” Iran’s Judiciary spokesman Gholam-Hossein Mohseni-Ejei told reporters on Monday. “The president of Bank Melli branch in Kish was slapped with life imprisonment…

February 21, 2013 By Bob Coleman Editor, Coleman Report Texas based Bank of the West make a strategic decision to focus on SBA lending to Main Street when it opened in 1986. The bank’s average SBA 7(a) loan size if just over $500,000 and it services a portfolio of almost $50 million. The future outlook…

February 20, 2013 If you are small business statistics geek, you must download SBA’s 164 page report. There is a lot of stuff in there. Here are some highlights: After falling from 2005 to 2009, the income of our smallest businesses (proprietorships) increased by 6.0 percent from 2010 to 2011. Corporate profits, which also declined…

February 19, 2013 Over 100 California SBA lenders attended the Santa Ana SBA Lender Rountable featuring Jeanne Hulit, Associate Administrator for SBA’s Office of Capital Access. We got to speak with her about what’s going on in Washington. Bob Coleman: We’re with Jeanne Hulit, the Associate Administrator of the Office of Capital Access; Jeanne, thank you for…

February 14, 2013 Coleman Report: Alternative Small Business Lending 101 With Scott Griest, CEO American Finance Solutions Bob Coleman: We’re talking with Scott Griest down at the Anaheim California American Finance Solutions in the growing world of alternative lending for small businesses. Scott, give us a 101 on what alternative lending is. Scott Griest: Alternative…

February 13, 2013 To Own or Not to Own by Jon Winick Clark Street Capital We asked Jason Kuwayama of Godfrey & Kahn to address how banks should approach the various strategies in resolving a problem real estate loan that cannot be easily rehabilitated, and when it makes sense to own the real estate. “Every…