Posts Tagged ‘SBA’

May 7, 2013 Reports CFO Magazine’s Marielle Segarra. “Small business lending may be warming. The Small Business Administration has backed more small business loans so far this fiscal year than it did during the same period in 2012. As of May 4, the SBA had approved about 26,000 loans through its 7(a) program, compared to…

May 7, 2013 By Bob Coleman Editor, Coleman Report We sat down with Jan Freitag, a Senior Vice President at STR, his firm tracks supply and demand data for the hotel industry and provides valuable market share analysis for all major international hotel chains and brands. He simply said hospitality lending is “good right now,…

May 6, 2013 By Bob Coleman Editor, Coleman Report Asks Bloomberg’s Patrick Clark. The reason for the question is Google has announced two investments in alternative lenders this week, including a $125 million investment in Lending Club. Who is Lending Club? The company boldly states, “Lending Club is using the Internet to reshape the financial…

May 6, 2013 By Bob Coleman Editor, Coleman Report We sat down with Rohit Arora, CEO & Co-Founder of Biz2Credit to talk about how speed to market, getting cash to small business quickly, has become a top priority for main street. Bob Coleman: Rohit you have a lot of data that you accumalate from your…

May 3, 2013 By Bob Coleman Editor, Coleman Report Bob Coleman: Beth you have a big conference coming up at the Hotel Coronado, what is new this year for NADCO? Beth Solomon: Bob thank you so much. We have a record attendance this year, a jump of 30% from last year. Bob Coleman: Great, tell…

May 2, 2013 By Bob Coleman Editor, Coleman Report Fraud Friday – 30 Months for Colorado Community Banker “Those responsible for bank failures were also ultimately responsible for the weakening of our economy,” said U.S. Attorney John Walsh. “Thanks to the hard work of the Assistant U.S. Attorneys, the FBI, IRS-Criminal Investigation, and the FDIC,…

May 2, 2013 By Bob Coleman Editor, Coleman Report We spoke with Mark Vitner, Senior Economist, Managing Director at Wells Fargo about commercial and residential construction coming back, a significant finding from the 2013 Wells Fargo Small Business Quarterly Index. Watch the interview here. Bob Coleman: Wells Fargo issued their small business index yesterday. It looks like small…

May 2, 2013 By Bob Coleman Editor A little off topic this morning, but if you aren’t aware of the higher education disruptor, here goes. Coursera has partnered with over 100 universities (e.g. Cal Tech, Stanford, Columbia, University of Edinburgh) to provide college level classes free to students around the world. This week begins the…

May 1, 2013 Best Practices: Lender Liability Under the Federal False Claims Act By: Norman E. Greenspan, Esquire, Starfield & Smith P.C. Recently, the U.S. Small Business Administration’s Office of Inspector General (“OIG”) reported to Congress that there has been a significant increase in the number of qui tam False Claims Act (31 U.S.C. §3729,…

May 1, 2013 By Bob Coleman Editor Says a new Wells Fargo small business survey. Posting similar results as the recently released US Bank survey, most entrepreneurs are wary of the economy, but are comfortable with their performance. While the Index is down from a year ago (April 2012), it’s the third highest reading since…