Posts Tagged ‘SBA Hot Topic Tuesday’
SBA Hot Topic Tuesday — New Inspector General Audit Denies Another $2.7 Million SBA 7(a) Guaranty
March 22, 2016 By Bob Coleman Editor, SBA Hot Topic Tuesday SBA Hot Topic Tuesday — New Inspector General Audit Denies Another $2.7 Million SBA 7(a) Guaranty Continuing cost overruns pushed the construction of a fitness club from $5 million to $12.3 million. In 2011, California Bank & Trust approved a $2.7 million SBA 7(a)…
Read MoreSBA Hot Topic Tuesday — Franchise Feedback, Debt-Refi Feedback and PARRis Review Eliminates Judgement Rankings in Numerical Ratings
September 15, 2015 By Bob Coleman Editor, Hot Topic Tuesday SBA Hot Topic Tuesday — Franchise Feedback, Debt-Refi Feedback and PARRis Review Eliminates Judgement Rankings in Numerical Ratings One special assets reader adds two more things to consider in addition to the five listed yesterday in Main Street Monday. 6. Look especially hard at how…
Read MoreSBA Hot Topic Tuesday — Your Local Small Business Development Center is Main Street’s Best Kept Secret
September 8, 2015 By Bob Coleman Editor, Hot Topic Tuesday SBA Hot Topic Tuesday — Your Local Small Business Development Center is Main Street’s Best Kept Secret Who is credited with creating a new job every seven minutes, a new business every 33 minutes, $100,000 in sales every four minutes and access $100,00 in capital…
Read MoreSBA Hot Topic Tuesday — What Are You Thinking? The Importance of Good Memo Writing
August 4, 2015 Walter McLaughlin Coleman Report Contributor Senior Vice President Banner Bank SBA Hot Topic Tuesday — What Are You Thinking? The Importance of Good Memo Writing Consider SBA to be your governmental spouse. Like yours, they want to understand your thoughts, interpretations and decisions. This is especially so when working with the LGPC…
Read MoreSBA Hot Topic Tuesday — Three Letters to Help Avoid the Next SBA Lending Holiday
Three Letters to Help Avoid the Next SBA Lending Holiday July 28, 2015 By Bob Coleman Editor, Hot Topic Tuesday Last week, I heard from many of you asking how you could help to get Congress to increase the SBA 7(a) loan authority level. Emails and telephone calls were placed. The message got through. The…
Read MoreWhat are the Lender’s Responsibilities after a Charged-Off Loan is Referred to Treasury?
June 30, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday Coleman faculty instructor Lance Sexton was posed this question last week during his office hour session from his Coleman Certified Liquidation online Training. We have issued the final wrap-up report on a liquidated loan and SBA has referred the loan to Treasury. We have…
Read MoreThe Silly Season & SBA Funding
June 23, 2015 By Tom Wallace Editor, SBA Hot Topic Tuesday When I woke up this morning, I was sure it was 2015, yet, there in front me, looming considerably larger than life, were the visages of two people: a Bush and a Clinton; each announcing their candidacy for the Presidency of the United States.…
Read MoreSBA Hot Topic Tuesday — Feathers’ SBLC License Back on the Market
June 16, 2015 By Bob Coleman Editor, Hot Topic Tuesday The sale of Mark Feathers’ small business lending company SBA license has fallen through. The approved bidder, BusinessUS was unable to close the transaction, and SBA has withdrawn their support says the receiver in a court filing last Friday. Writes the receiver: The Agreement called…
Read MoreSBA Hot Topic Tuesday — Are you Linc’d?
June 9, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday If not, you probably should be. LINC is SBA’s online portal connecting loan applicants with lenders. Applicants fill out basic information — how long in business, amount of loan, revenues — and it is forwarded to lenders that have a footprint in the applicant’s…
Read MoreSBA Hot Topic Tuesday — The New SBA (7a) Debt Refinance Rules
May 5, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday The major change in the SBA SOP 5010 (H) released yesterday is debt refinance eligibility. In the new SOP, SBA has simplified the documentation for the applicant and the lender. Debt on the business balance sheet is eligible to be refinanced if it the…
Read More