Posts Tagged ‘Main Street’
SBA Retreats on Affiliation Rule Reform, Eliminates Personal Resource Test
January 8, 2014 By Bob Coleman Editor, Coleman Report Tomorrow, SBA will announce it is withdrawing the proposal to loosen its small business affiliation standard rule and eliminate the the personal resource test. SBA will eliminate the personal resource test in about 30 days. SBA will no longer require that the personal resources of owners…
Read MoreBecoming an Expert About SBA Forms 159 and 912
Wednesday, January 22, 2014 Become an Expert About SBA Forms 159 and 912 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 More2014 – The Year of Small Business Credit Score
January 7, 2014 By Mike Rozman Co-President & Chief Strategy Officer Boefly, LLC The FICO consumer credit score was first introduced in 1989 and is used today by 90% of all consumer lenders when determining loans and interest rates. And although the leading business credit score –FICO’s Small Business Scoring Service or SBSS Score –…
Read MoreMug Shot Monday – SBA Inspector General and Early Defaults
January 6, 2014 By Bob Coleman Editor, Coleman Report SBA’s Inspector General issues a monthly report recapping its efforts to catch SBA loan fraudsters – on the borrower and lender side. The common theme is if a loan defaults within the first 18 months, borrowers, and the lender, will face close scrutiny of their actions.…
Read MoreFraud Friday – Banker Faked Death to Avoid the Law and Become a Homeless Day Laborer
January 3, 2014 By Bob Coleman Editor, Coleman Report After ripping off $21 million from a Georgia bank, Aubrey Price went on the lamb 18 months ago, only to be done in by tinted windows. Cops in South Eastern Georgia pulled over his car for the window violation and became immediately suspicious when he proffered…
Read MoreColeman Small Business Lender Link: Underwriting Loans for Start-Up Businesses
Coleman Small Business Lender Link: Underwriting Loans for Start-Up Businesses When: Tuesday, January 21, 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 and Tee Rowe, President & CEO…
Read MoreColeman’s Thursday Movers and Shakers
January 2, 2014 By Bob Coleman Editor, Coleman Report Stephanie Bitters Named Chief Credit Officer and COO of SBA Non-Bank Lender BusinessUS CEO Norris Lozano says, “We are extremely fortunate to have an experienced small business lending professional of Stephanie Bitters’ stature join our lending team. Her innate leadership, coupled with deep experience with some…
Read MorePreparing the Herndon SBA 7(a) Ten Tab Guaranty Purchase Package
Thursday, January 23, 2014 Preparing the Herndon SBA 7(a) Ten Tab Guaranty Purchase Package 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.…
Read More10 Small-Business Resolutions for the New Year
December 31, 2013 By Bob Coleman Editor, Coleman Report Our last post of the year is about this really nice small business end-of-the-year article in USA Today. As a bonus, it directly addresses what Main Street must do to compete with the big box stores and Amazon. Analyze your customer service Focus on customer’s needs…
Read MoreMug Shot Monday – Quick Guilty Plea in Pulaski Bank Fraud
December 30, 2013 By Bob Coleman Editor, Coleman Report One month after being indicted for a $5 million bank fraud scheme, today’s fraudster pleads guilty to one count of bank fraud. The owner of a medical equipment sales firm pledged millions of dollars in securities, as well as the medical equipment, as collateral. Problem is,…
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