Coleman Thursday’s Movers & Shakers

January 30, 2014 By Bob Coleman Editor, Coleman Report Jeanne Hulit to Join Northeast Bank “I am thrilled and excited for this opportunity,” said Hulit. “Northeast Bank is a well-respected, growing community bank in New England and I will make sure our customers in Maine get the care and quality they have come to expect…

Read More

Small Business Mentioned only 3 Times in State of the Union Speech

January 29, 2014 By Bob Coleman Editor, Coleman Report Seemingly satisfied that his administration has made more SBA loans in the last five years than any other, and acknowledging small business creates the most jobs, the only proposal by President Obama for Main Street was to focus on exporting, not access to capital – which…

Read More

SBA Eligibility for 2014 — An in-depth Review Incorporating the January 1st SOP Changes, the New SBA Application Forms, and the Proposed Borrower Personal Resource Test Changes

SBA Eligibility for 2014 — An in-depth Review Incorporating the January 1st SOP Changes, the New SBA Application Forms, and the Proposed Borrower Personal Resource Test Changes When: Wednesday, February 19, 2014 Price: $289.00 2:00 p.m. to 3:15 p.m. Eastern 1:00 p.m. to 2:15 p.m. Central 12:00 p.m. to 1:15 p.m. Mountain 11:00 a.m. to…

Read More

Restaurants Post 14th Consecutive Quarter of Sales Increases

January 28, 2014 By Bob Coleman Editor, Coleman Report If you love stats as much as I do, you will enjoy this seven- page white paper about the restaurant industry. Individual sales stats for the past three years of about 50 companies are broken out in buckets; fine dining, casual dining, family dining, fast casual,…

Read More

Mug Shot Monday – Automobile Straw Buyer Style

January 27, 2014 By Bob Coleman Editor, Coleman Report Writes the local paper in Park Forest, Illinois; “According to the indictment, between February and November 2013, the defendants fraudulently obtained at least 28 automobile loans of the 46 they fraudulently applied for and obtained approximately $914,000 of $1.4 million they sought in loan proceeds. They…

Read More

Coleman’s 6th Annual Hospitality Financing Webinar 2014 Edition

Coleman’s 6th Annual Hospitality Financing Webinar 2014 Edition When: Tuesday, February 25, 2014 Price: $289.00 2:00 p.m. to 3:15 p.m. Eastern 1:00 p.m. to 2:15 p.m. Central 12:00 p.m. to 1:15 p.m. Mountain 11:00 a.m. to 12:15 p.m. Pacific Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern…

Read More

Fraud Friday – Complicated Ownership Structures are a Red Flag

January 24, 2014 By Bob Coleman Editor, Coleman Report We normally don’t cover mortgage fraud, but this story of a 25 year fraud by a very defiant South Florida man is a whooper. Pens the Sun Sentinel . . . . . . Darryl Burke didn’t just break the law for 25 years, federal authorities…

Read More

Coleman Thursday’s Movers & Shakers

January 23, 2014 By Bob Coleman Editor, Coleman Report Maria Torres-Springer Named New York City Small Business Commissioner From Crains New York…… Mayor Bill de Blasio, who made criticism of the Bloomberg administration’s fining of small businesses a hallmark of his campaign, on Tuesday named a Bloomberg economic development aide to head the city’s Department…

Read More

MN State Senator Sued by US Bank for $750k SBA Loan Default

January 22, 2014 By Bob Coleman Editor, Coleman Report National Camp Association was started in 2008 to help parents find camps for their kids. In 2009 the company received an SBA 7(a) loan from US Bank for $613,000. The owners are Sean and Cynthia Nienow. Sean Nienow lost a reelection bid race for his Minnesota…

Read More