Posts Tagged ‘SBA’
The Industry Reacts to our coverage of the SBA 7(a) Lending Holiday
July 23, 2015 The Industry Reacts to our coverage of the SBA 7(a) Lending Holiday By Bob Coleman Editor, Coleman Report Many of you on the 504 side sent me emails telling me the chickens are coming home to roost for 7(a) lenders. Chris Hurn of Fountain Head Capital notes, What, no mention of record-setting…
Read MoreFraud Friday — Jade Capital Sponsored Borrower Gets 51 Months for Loan Fraud
April 24, 2015 By Bob Coleman Editor, Fraud Friday Randy Tran created R&K Real Estate Investment, Inc. to buy Potomac Wine & Spirits, a liquor store in Hagerstown, Maryland. Tran was the majority and controlling owner of R& K, and another individual owned a minority interest. In May 2006, Tran and the minority shareholder signed…
Read MoreColeman Movers and Shakers Thursday
June 12, 2014 By Bob Coleman Editor, Coleman Report Ron Feldman Joins FRANdata as Chief Development Officer In his new role, Feldman will utilize his knowledge and experience with franchise finance to improve the flow of capital to the franchise community. His efforts will build upon FRANdata’s financing solutions for franchisors who assist their franchisees…
Read MoreSBA Hot Topic Tuesday — SBA to Eliminate Underwriting of SLA Loans Beginning July 1
June 10, 2014 By Bob Coleman Editor, Coleman Report In a move to get capital to underserved Main Street businesses, SBA Administrator Contreras-Sweet announced significant changes for underwriting SBA loans less than $350,000. Underwriting for Small Lender Advantage loans will be replaced with SBA’s predictive scorning model. “The time has come to reach out to…
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 MoreSBA and Alternative Small Business Lenders
April 30, 2014 By Bob Coleman Editor, Coleman Report Wall Street Journal blogger and friend Ami Kassar rebutes another friend, Lendio’s Brock Blake, who argues SBA’s lending programs should be expanded to the emerging alternative small business lending niche. Brock poses the question, “Is there a place within the SBA where alternative, non-bank lenders, can…
Read MoreBoeFly Launches Small Business Lending Tool — bQual™
February 26, 2014 By Bob Coleman Editor, Coleman Report “We built bQual to address the questions we’ve heard from some of the thousands of business owners that have used BoeFly since we launched in March of 2010 — “Can I get real-time information and insight before I start the search for financing,” said Mike Rozman,…
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