Posts Tagged ‘SBA Lending’
Coleman’s Movers and Shakers
November 12, 2015 Coleman’s Movers and Shakers By Bob Coleman Editor, Movers and Shakers Scott Dykstra joins Redwood Credit Union’s business lending team “Scott has a proven history of building relationships and serving the lending needs of small businesses in the North Bay, and we’re excited to welcome him to our lending team,” says Mike…
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November 5, 2015 Coleman’s Movers and Shakers Amy Miksis Joins Celtic Bank’s SBA Lending Team “We are excited to have Amy join our organization,” says Timothy McGoff, Chief Business Development Officer at Celtic Bank. “Her background in commercial credit analysis and loan packaging will be instrumental as we continue to expand our national business development…
Read MoreSBA’s New Refinance Rules: The Big Payoff
September 10, 2015 SBA’s New Refinance Rules: The Big Payoff by Walter H. McLaughlin Banner Bank Senior Vice President/SBA Manager Improving a borrower’s cash flow by refinancing eligible business debt has always been a pillar of the 7(a) program. Thanks to a rule change effective May 1, the pillars just got a little bit stronger.…
Read MoreGood Small Business Loan Underwriting: Hopes, Dreams and a Big Dose of Reality
August 26, 2015 by Walter McLaughlin Coleman Report Contributor Senior Vice President Banner Bank What’s the single most overused phrase said by borrowers when applying for an SBA loan? “My projections are conservative.” They probably aren’t, and it’s your job to ferret that out. Borrowers invariably focus on the upside of the transaction while tending…
Read MoreSBA 7th Annual Secondary Market Forum
7th Annual SBA Secondary Market Forum Where Wall Street Meets Main Street Tuesday, December 2, 2014 Bingham Penthouse Conference Room 2020 K Street, NW (11th floor) Washington, DC 20006 Download Registration Form For the seventh consecutive year, national leaders from SBA lenders, SBA broker dealers, SBA secondary market paper investors and the federal government. This…
Read MoreSuspect in Sonoma Valley Bank fraud found dead
May 9, 2014 By Bob Coleman Editor, Coleman Report A couple of weeks ago I reported on the arrest of two Sonoma Valley Bank bankers, Sean Cutting and Brian Melland, a borrower and the borrower’s attorney. The four were arrested in connection with the loss of $8.65 million in TARP funds when the…
Read MoreColeman Thursday Movers and Shakers
May 8, 2014 United Community Bank Acquires Business Carolina Blairsville, Ga.-based United Community Banks Inc. said Monday its banking subsidiary agreed to acquire approximately $25 million of loans and $6 million of other assets from Columbia-based commercial lender Business Carolina Inc. “We have been looking for a partner to help fuel our efforts…
Read MoreSBA Administrator Contreras-Sweet’s Keynote Speech at NAGGL Today – It’s Time to Get Rid of Paper!
May 7, 2014 By Bob Coleman Editor, Coleman Report New SBA Administrator Maria Contreras-Sweet is making the rounds to SBA lending trade groups Her message? She told NAGGL attendees in Florida today SBA will radically change its processes to help SBA 7(a) lenders make smaller loans to underserved markets. “Today, I have…
Read MoreSBA Hot Topic Tuesday – Top Ten NADCO Style
May 6, 2014 By Bob Coleman Editor, Coleman Report I’m back in town after leading the “Hot Topic” Third Party Lender breakout session at the Broadmoor Hotel in Colorado Springs last week. Thanks to the panelists for taking their time to inform session attendees their view of the SBA 504 industry: Donald…
Read MoreTen Employees Win Lawsuits for Back Pay from Resource Capital
March 28, 2014 By Bob Coleman Editor, Coleman Report Probably a hollow victory though. Sacramento Business Journal’ Mark Anderson reports… “Kim Ioanidis, longtime chief operating officer of Resource Capital, won a judgment for nearly $58,000, according to documents filed in Sacramento County Superior Court by the California Labor Commissioner on her behalf. “At least 10…
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