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SBA Loan

  • Coleman’s Movers and Shakers

    Nov 12, 2015 No Comments

    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 excite...

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  • Coleman’s Movers and Shakers

    Nov 05, 2015 No Comments

    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 packa...

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  • Coleman’s Movers and Shakers

    Aug 13, 2015 No Comments

    August 13, 2015 by Bob Coleman Editor, Movers and Shakers Seacoast Commerce Bank Hires Nancy Russell as SVP and SBA Business Development Officer “Nancy is a great addition to our SBA Team and will enhance our presence and the success we have had in Southern California. Nancy is a real pro with...

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  • #gettingdowntobusiness is the New SBA Administrator’s Motto

    Apr 09, 2014 No Comments

    April 9, 2014 By Bob Coleman Editor, Coleman Report Maria Contreas-Sweet was sworn in as SBA Administrator on Monday and the four page transcription of the event is a nice read for all concerned about Main Street. Here is an excerpt of her speech. “This country was founded by risk-takers, resource...

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  • SBA Issues Clarification on Fee Reductions for Loans Under $150,000

    Mar 19, 2014 No Comments

    March 20, 2014 The purpose of this Notice is to provide additional clarification on the FY2014 reduction in fees for all 7(a) loans of $150,000 or less that was announced on September 24, 2013, in SBA Information Notice 5000-1288. (SBA previously provided clarification in Information Notice 5000-129...

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  • SBA Inspector General Denys Three More ARAA Loan Guaranties

    Mar 19, 2014 No Comments

    March 19, 2014 By Bob Coleman Editor, Coleman Report SBA’s Inspector General has issued a second audit of early defaulted ARAA SBA 7(a) loans. Nine loans were reviewed, and three loan guaranties were deemed to have been improperly purchased from lenders by SBA. We’ll examine each of the three lo...

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  • If Your Loan Defaults, Go Straight to the Authorization

    Dec 06, 2012 No Comments

    As always, the SBA Loan Authorization will tell you what to do if things go south. When a loan defaults, the lender’s first step should be to review the Loan Authorization to determine if it has complied with SBA requirements. Sometimes in the heat of battle, lender’s can lose sight of the fact ...

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