Posts Tagged ‘SBA Hot Topic Tuesday’
SBA Hot Topic Tuesday — East West Bank Named SBA 2015 Export Lender of the Year
April 28, 2015 By Bob Coleman Editor, SBA Hot Topic Tuesday ‘East West Bank is a proactive lender that has recognized the benefits of offering a spectrum of SBA export loan guarantees to meet the financing needs of small business exporters in multiple states. That is why it gives me great pleasure to recognize the…
Read MoreSBA Hot Topic Tuesday — SBA Loan Program Charge Off Percentages Plummet Part Two
April 21, 2015 By Bob Coleman Editor, Hot Topic Tuesday Two weeks I wrote about plummeting SBA 7(a) and 504 delinquency and charge-off rates. Granted, there was an uptick in SBA 7(a) charge-offs, but the unofficial consensus is this number is due to purchases several years old still working their way through the stomach of…
Read MoreSBA Hot Topic Tuesday — SBA Wants to Add Lenders, Export Lenders to its Programs
April 14, 2015 By Bob Coleman Editor, Hot Topic Tuesday SBA’s 2014, 148 page, annual report is an interesting read. There is pertinent information the agency publishes that SBA lenders should know. First, it’s always useful to refresh our knowledge of SBA’s three overall strategic goals. 1) Growing and businesses and creating jobs 2) Serving…
Read MoreSBA Hot Topic Tuesday — SEM Resource Capital Revocation Notice
December 9, 2014 By Bob Coleman Editor, Coleman Report I have chronicled SBA’s seizure of Frank Dinsmore EDF Resource Capital in Northern California, but haven’t paid too much attention to the seizure of the sister CDC, SEM Resource Capital in Michigan. I ran across this a couple of weeks ago. This is fascinating behind-the-curtain stuff…
Read MoreSBA Hot Topic Tuesday — #DineSmall on Small Business Saturday Night
November 25, 2014 by Maria Contreras-Sweet, SBA Administrator November 29th is Small Business Saturday – a day circled on the calendar of savvy entrepreneurs across America. Small businesses are the engine of our economy and create two out of three new jobs. Seven in 10 Americans are now aware that the day after Black Friday…
Read MoreSBA Hot Topic Tuesday – It is a Privilege to Participate in SBA’s Lending Programs, not a Right
October 21, 2014 By Bob Coleman Editor, Coleman Report Says SBA in its proposed rule to tighten up the language in its regs to make it very clear the agency has the right to suspend or revoke one’s participation in the SBA lending programs. Here are a couple of highlights from the 11 page proposal.…
Read MoreSBA Hot Topic Tuesday: Clarification of the Ineligibility of Certain Passive Business Models
October 14, 2014 By Bob Coleman Editor, Coleman Report By Bob Coleman Editor, Coleman Report SBA has clarified certain passive business models that are inegilible. Says the notice, The Agency defines certain personal services businesses with the following descriptions as eligible in SBA’s Standard Operating Procedure (SOP) 50 10 5(G): “Businesses such as barber shops,…
Read MoreSBA Hot Topic Tuesday – Nominate a Borrower Small Business Person of the Year!
October 7, 2014 Here is an easy and thoughtful way to promote one of your borrowers by nominating them for Small Business Person of the Year Small Business Persons of the Year Award winners will be selected at the State and National Levels 1) In those states served by a single SBA district office, the…
Read MoreSBA Hot Topic Tuesday – SOP 5010 (G) Effective Today
September 30, 2014 By Bob Coleman Editor, Coleman Report The majority of the changes became effective April 21, 2014. SBA has posted two versions of the SOP on the website. SBA SOP Notice 5000-1321: Issuance of SOP 50 10 5(G) – Lender and Development Company Loan Programs The first version highlights those areas that have…
Read MoreSBA Hot Topic Tuesday – SBA 504 Rates Remain Below Historical Average
September 16, 2014 By Bob Coleman Editor, Coleman Report NADCO’s Small Business Lending Report shows the market continues to favor the borrower. September’s debenture rate of 2.92 percent marked the fourth month in a row the debenture rate has stayed below three percent, and is still well below the 12-month average of 3.2 percent. “It…
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