May 20, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Over 57% of Small Business Owners are Baby Boomers Over 57% of small business owners are baby boomers, according to findings from the latest Small Business Trends survey conducted by Guidant Financial and the LendingClub Corporation. The survey, polling more…

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March 18, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday – Confidence Levels Stabilize in February Confidence levels of Main Street business owners stabilized in February, according to the February 2019 NFIB Small Business Optimism Index. According to the Index: NFIB small business optimism index is up half a point, reflecting…

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March 11, 2019 By Mary Miller Contributing Editor, Main Street Monday Main Street Monday — Small Business Employment Continues to Grow Says ADP The results of their February 2019 report: For context, check out US employment growth during the past 12 months. This chart dramatically illustrates the changes in US employment the past 15 years.

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March 30, 2016 C-Suite Wednesday — NY Fed Says Small Banks Make 52% of Main Street Loans By Bob Coleman Editor, C-Suite Wednesday From their just released 2015 Small Business Credit Survey. Other interesting takeaways: Small banks are the primary source of small business lending FinTech lenders have a dismal 15% borrower satisfaction rating, compared…

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August 3, 2015 By Bob Coleman Editor, Main Street Monday Main Street Monday — Online Lenders Outpace SBA 7(a) Lenders by Over 2 to 1 For loans less than $150,000. Check out these small business lending stats. Alternative lenders, marketplace lenders, online lenders — choose your nomenclature — stats compared to SBA 7(a). Thanks to…

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July 23, 2015 A Coleman Special Report — SBA Halts 7(a) Lending Effective Today By Bob Coleman Editor, Coleman Report This just in from SBA. SBA will no longer automatically issue a SBA 7(a) loan number for any SBA loan submitted beginning Thursday, July 23. While I expect some loans to be funded take notice….…

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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…

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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…

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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…

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