Posts Tagged ‘Small Business Lending’
New SOP 50 10(F) Brings Big Changes to SBA Loan Program Requirements
September 25, 2013 By Ethan W. Smith, Esquire Starfield & Smith P.C. On September 24, 2013, SBA released SOP 50 10 5(F) to the SBA lending community. This SOP will become effective on January 1, 2014 and contains several significant changes to SBA’s requirements in connection with its loan programs. Many of the revisions reflect…
Read MoreColeman Small Business Lender Link: SBDCs and Franchise Loans
Coleman Small Business Lender Link: SBDCs and Franchise Loans Monday, October 14, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern Use our “email address only” order form! This is the first Coleman Webinar targeted solely to the SBDC…
Read MoreMug Shot Monday – Borrower in Bank of Commonwealth Fraud Gets Bankers Gets 50 Months in Jail
September 23, 2013 By Bob Coleman Editor, Coleman Report Another sentence is in for the Bank of Commonwelth fraud convictions. A borrower co-defendant will serve a little over four years in jail. The sentence was announced the same week as a former senior loan officer drew a 17 year sentence. Unlike other borrowers, which the…
Read MoreBank of Commonwealth Fraud Verdict In – 17 Years for Former EVP
September 20, 2013 By Bob Coleman Editor, Coleman Report The first sentence is in from the Bank of Commonwealth fraud trial that netted guilty verdicts of three Virginia community bankers. And it is stiff – 17 years for 49 year-old former EVP Stephen Fields. As if it matters, he was also ordered to pay $331…
Read MoreAre you Calculating a Borrower’s Global Cash Flow Correctly?
Are you Calculating a Borrower’s Global Cash Flow Correctly? Friday, November 8, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Sponsored by PCFS 2000 Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern Use our “email address only” order form! Positive Cash Flow. We all want it…
Read MoreAre You Ready for Your 2014 SBA Review?
Are You Ready for Your 2014 SBA Review? Tuesday, October 29, 2013 2:00 p.m. to 3:15 p.m. Eastern Price: $289.00 Complimentary Coleman Report Live! News Show with Bob Coleman from 1:50 p.m. to 2:00 p.m. Eastern Use our “email address only” order form! Lenders need to keep up with the changes at SBA as it…
Read MoreThursday’s Movers and Shakers
September 19, 2013 Thursday’s Movers and Shakers By Bob Coleman Sunni Raney Joins CDC Small Business Finance Sunni Raney, a 13-year marketing veteran, has joined CDC Small Business Finance as director of marketing and sales support. Raney will use her expertise in marketing CDC’s national leadership in helping small businesses purchase commercial real estate via…
Read MoreSBA Inspector General Wants Lender to Refund a $300k SBA 7(a) Guaranty – #5 of 6
September 18, 2013 By Bob Coleman Editor, Coleman Report Part 5 of my 6-part periodic coverage of the June 14th SBA Inspector General audit that dinged SBA 7(a) lenders with retroactive guaranty denials. The OIG questioned a $310,637 guaranty payment in February 2011 to Plaza Bank. The OIG says the lender did not properly analyze…
Read MoreBig Data Helps Successful Small Businesses Access Capital
September 17, 2013 By Bob Coleman Editor, Coleman Report We spoke with Terry Hicks, VP & General Manager at Quickbooks Online, at the ASBDC Annual Conference in Orlando last week about how Quickbooks Online can use their accumulated data to determine successful small businesses that need access to capital. Watch the short interview here. Bob…
Read MoreDefending the Rise in SBA 504 Interest Rates
September 17, 2013 by Tom Wallace President, IDS Lenders have recently been challenged in marketing the 504 loan program by the sudden spike in debenture rates over the past ninety days. With the beginning of the tapering of “QE3” possibly on the horizon at this week’s FOMC meeting, a further level of uncertainty has afflicted…
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