Posts Tagged ‘sme lending’

  October 24, 2013 By Bob Coleman Editor, Coleman Report $68,000 says an American Express survey. “A study from American Express OPEN revealed that while more than half of small business owners pay themselves a regular salary, they are receiving an average salary of $68,000 annually, down from $72,000 a year ago. In addition, nearly…

October 23, 2013 By Bob Coleman Editor, Coleman Report New York Small Business Lending Blogger Ami Kassar posts an excellent blog about lien knowledge from the borrower’s standpoint. However, the article is equally as important to lenders. Especially for SBA lenders who contract with SBA exactly the UCC collateral position of the loan. Ami writes.…

October 23, 2013 By Bob Coleman Editor, Coleman Report One of 14. Get one of these licenses and you are a nationwide SBA lender. A printing press to mint millions? Probably not. The landscape is littered with failed SBLCs – the acronym for small business lending companies. Why only 14 licenses? Once SBA realized that…

By Bob Coleman Editor, Coleman Report This provocative article from down under caught my attention, and there isn’t too much wrong with the observations. 1) No new customers 2) Haphazard accounting 3) Serial price cutting 4) Debt dependency 5) Dysfunctional sales 6) High staff turnover Note, your borrower only needs to have one of these…

October 21, 2013 By Bob Coleman Editor, Coleman Report He did that, and also booked a fraudulent loan and bought a little gold. In September 2011, he took a bank cashier’s check for $28,650 and bought 15 gold coins from the Ozark Coin Company. Guessing the scheme was going well, he followed up with 9…

October 21, 2013 By Bob Coleman Editor, Coleman Report Is a Backlog of 700 SBA 7(a) Loan Applications Good News? Yes it is! SBA employees are back from furlough and are committed to lenders and Main Street says SBA Acting Administrator Jeanne Hulit in a blog post. She writes, “The federal government has re-opened and…

October 18, 2013 By Bob Coleman Editor, Coleman Report Reports the Killeen Daily Herald “The former president of a local bank branch could face up to 30 years in prison after pleading guilty to bank fraud. Randall W. Havens was convicted Thursday in federal court in Waco. Havens worked as president of the Killeen branch…

October 17, 2013 By Bob Coleman Editor, Coleman Report Seacoast Commerce Bank Surpasses $500 Million in SBA Loan Fundings Seacoast Commerce Bank has surpassed $500 million in SBA loan funding since the inception of its SBA lending department four years ago. David Bartram, Chief Operating Officer and SBA Division Manager commented, “We launched the SBA…

October 16, 2013 Bob Coleman: We’re talking with Bob Bielinski, CIT, the Managing Director of the restaurant and retail sector. Bob, thank you for joining us. Bob Bielinski: Bob, happy to be here. Thanks for having me. Bob Coleman: Bob, you and I’ve known each other for awhile and your specialty is telling lenders, telling…

October 16, 2013 By Bob Judge Editor, CPR Report In August, prepays crested 8% for the first time since July 2010. For August, both defaults and voluntary prepayments rose, pushing overall CPRs to levels not seen since prior to the credit crisis. As for the detail, overall prepayments rose 21.17% to 8.83% from 7.29% in…