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Main Street

  • SBA Administrator Mills – “SBA Needs to be more Ubiquitous”

    Feb 25, 2013 No Comments

    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 advi...

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  • Who Should Be the Next SBA Administrator?

    Feb 24, 2013 No Comments

    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 busi...

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  • Significant Changes Coming to SBA 7(a) and 504 Loans, CDC Operations

    Feb 22, 2013 No Comments

    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 pr...

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  • Fraud Friday — Iran Sentences 4 to Death in Biggest Bank Fraud

    Feb 22, 2013 No Comments

    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 Mo...

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  • Bank of the West SBA Lending Niche a Winning Strategy

    Feb 21, 2013 No Comments

    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 o...

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  • SBA Publishes its State of Small Business Report for 2012

    Feb 20, 2013 No Comments

    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. Co...

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  • Sequestration Should Not Cause Lending Holiday Says SBA

    Feb 19, 2013 No Comments

    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 ...

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  • Alternative Small Business Lending 101

    Feb 14, 2013 No Comments

    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. Scot...

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  • To Own or Not to Own

    Feb 13, 2013 No Comments

    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 es...

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  • Evaluating and Valuating Environmental Concerns for New SOP 5057

    Feb 13, 2013 No Comments

    February 13, 2013 By Gary Reynolds Principal Partner Engineering and Science, Inc. SOP 50 57 Loan Liquidation – What SBA Lenders and CDCs Should Know Each new SOP that comes out is written to provide a policy or an update of a policy, and then to provide guidance to assist in satisfying the requi...

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