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BobColeman #sba #americaeast Opening session ends. 300 attending America East Conference for SBA lenders in Portland, Maine
August 30, 2010
BobColeman #sba #americaeast SBA acknowledges Contract Line of Credit program is difficult to use
August 30, 2010
BobColeman #sba #americaeast SBAExpress to be increased to $1 million (50% guaranty) in Senate Small Biz Jobs Bill
August 30, 2010
BobColeman #sba #americaeast Working Capital is one of the challenge areas with SBA. There are challenges with SBAExpress (losses) #zarnikow
August 30, 2010
BobColeman #sba #americaeast Ira Lutsky asks how we get our small biz clients working capital with the current program structures.
August 30, 2010
BobColeman #sba #americaeast Wednesday morning session to address new SOP
August 30, 2010
BobColeman #sba #americaeast #snowden SBA needs a robust line of credit loan program to fit client needs. (APPLAUSE from the audience on that one)
August 30, 2010
BobColeman #sba #americaeast #snowden Admonishes SBA to understand if missing information is critical, or is it minor that can be resolved by a call
August 30, 2010
BobColeman #sba #americaeast #snowden We need quick and fast processes
August 30, 2010
BobColeman #sba #americaeast #snowden Recovery Act helped. There are deals we couldn't do without 90% guaranty and waived fees
August 30, 2010
BobColeman #sba #americaeast #snowden Community banks need SBA support and resources
August 30, 2010
BobColeman #sba #americaeast #snowden "Thrilled to hear about the investment in human capital. Make sure investment reaches to district level."
August 30, 2010
BobColeman #sba #americaeast Susan Snowden, Senior Vice President & Manager, Business Banking, Bangor Savings Bank, Maine
August 30, 2010
BobColeman #sba #americaeast #bator Encourages SBA to consider setting a dollar limit ($100?) when itemizing personal and business credit card expenses
August 30, 2010
BobColeman #sba #americaeast #bator Praises the counseling service SBA provides to small biz
August 30, 2010
BobColeman #sba #americaeast #bator Tips--Invest in people. Have used the SBA 7a fee waiver to their marketing advantage
August 30, 2010
BobColeman #sba #americaeast Joseph Bator, Senior Vice President, Eastern Bank, MA
August 30, 2010
BobColeman #sba #americaeast #patlorent Encourages SBA to speed up ARC loan payments to lenders.
August 30, 2010
BobColeman #sba #americaeast #patlorent 480 loans in SBA loan queue. Encourages SBA to send email to the lender when there is movement in the queue.
August 30, 2010
BobColeman #sba #americaeast #patlorent Says there needs to be a way to easily correct ETran input errors
August 30, 2010
BobColeman #sba #americaeast #patlorent Encourages lenders to use ETran for loan servicing
August 30, 2010
BobColeman #sba #americaeast Up next Pat Lorent, Vice President, People's United Bank, CT
August 30, 2010
BobColeman #sba #americaeast #jamesrivera Disaster has upgraded access from 360 seats during Katrina to 2100 seats (access to computer) today
August 30, 2010
BobColeman #sba #americaeast #jamesriveria Only 70% of small biz come back after a disaster.. 40% for Hurricane Katrina.
August 30, 2010
BobColeman #sba #americaeast #jamesriveria SBA did $10.8 billion for Hurricane Katrina... Tennessee this year was $160 million by comparrison
August 30, 2010
BobColeman Focusing on customer service and quality issues in all SBA centers #johnmillier #americaeast #sba
August 30, 2010
BobColeman #sba #americaeast #johnmiller Focusing on screen out issues, especially Citrus Heights.
August 30, 2010
BobColeman #sba #americaeast #johnmiller SBA focusing on processing transactions with greater accuracy and program requirements. Quality is important.
August 30, 2010
BobColeman #sba #americaeast #johnmiller SBA wants to be an industry leader in employee satisfaction and productivity.
August 30, 2010
BobColeman #sba #americaeast #johnmiller SBA can accept paperless loan servicing actions. SBA wants lenders to be paperless.
August 30, 2010
BobColeman #sba #americaeast #johnmiller SBA upgraded its bandwidth, now can accept paperless 7a and 504 loan apps, and purchase packages
August 30, 2010
BobColeman #sba #americaeast #johnmiller John Miller, SBA Director for Financial Program Ops from DC, up next
August 30, 2010
BobColeman #sba #americaeast #zarnikow Keep your eye on the ball, we are here to help small businesses one by one.
August 30, 2010
BobColeman #sba #americaeast #zarnikow More focus on business valuation, financing of intangible assets issues
August 30, 2010
BobColeman #sba #americaeast #zarnikow SBA Inspector General focusing of loan approval process -- be careful of immigration documentation
August 30, 2010
BobColeman #sba #americaeast #zarnikow Lender Oversight -- House Small Biz Committee holding oversight hearings every 120 days.
August 30, 2010
BobColeman #sba #americaeast #zarnikow SBA working on pilot program to tweak ETran and devote resources to training on ETran
August 30, 2010
BobColeman #sba #americaeast #zarnikow SBA concerned about "Brand," customer service, oversight, risk management
August 30, 2010
BobColeman #sba #americaeast #zarnikow SBA goal is to have 3,000 lenders make at least one 7a loan (almost there for FY 2010)
August 30, 2010
BobColeman #sba #zarnikow #americaeast $680 million taxpayer funds supported $30 billion in small biz lending.
August 30, 2010
BobColeman #sba #americaeast #zarnikow Eric Zarnikow, Assoc Admin for Capital Access speaks next.
August 30, 2010
BobColeman #sba #americaeast #jessknox SBA investing in offices for training and travel.
August 30, 2010
BobColeman #sba #jessknox #americaeast Follow SBA on Twitter! Befriend on Facebook!
August 30, 2010
BobColeman #sba #americaeast #jessknox SBA investing $ in online platform. It should only take 5 mins to get an answer from sba.gov
August 30, 2010
BobColeman #sba #americaeast #jessknox SBA Assoc Admin talks about SBA Simplification Task Force
August 30, 2010
BobColeman #SBA #americaeast SBA loan conference in Portland, ME continues with SBA expert loan panel
August 30, 2010
BobColeman #sba #americaeast #karenmills SBA is a little agency with a big mission to be the voice of small business across the country
August 30, 2010
BobColeman #sbaq #americaeast #karenmills We are a little agency with a big mission to be the voice of small business across the country
August 30, 2010
BobColeman #sba #karenmills #americaeast Half of the people who work in America, work for a small biz. Small Biz creates 65% of new jobs.
August 30, 2010
BobColeman #sba #karenmills #americaeast Small Biz needs SBA to bring people together, increase transparency, improve cust exp.
August 30, 2010
BobColeman #sba #karenmills #americaeast SBA redesigning www.sba.gov
August 30, 2010
BobColeman #sba #americaeast #karenmills Hopes Small Biz Job Bills will pass so small biz can create jobs that lead us out of recession
August 30, 2010
BobColeman #sba #karenmills #americaeast Senate Jobs bill contains $18 billion in small biz tax cuts
August 30, 2010
BobColeman #sba #karenmills #americaeast Senate bill creates small biz lending fund.. $30 billion for community banks.
August 30, 2010
BobColeman #sba #americaeast #karenmills Wants to raise micro loans from $35k to $50k
August 30, 2010
BobColeman #sba #karenmills #americaeast SBA wants to raise loan limits to $5 million for 7a and sba504
August 30, 2010
BobColeman #sba #americaeast #karenmills Refinance CRE will be accomplished in Senate jobs bill at no cost to taxpayer
August 30, 2010
BobColeman #sba #americaeast #karenmills Senate Jobs bill will refinance owner occupied CRE under #sba504
August 30, 2010
BobColeman #sba #americaeast #karenmills Now is the time to build on small biz. Senate Jobs bill will fill credit gap
August 30, 2010
BobColeman #sba #americaeast #karenmills 1,000 small biz borrowers listed in queue. Waiting for funding to come back
August 30, 2010
BobColeman #sba #americaeast #karen mills Bad news we've run out of money 5 times. (Good news Recovery act worked)
August 30, 2010
BobColeman #americaeast #sba #karenmills Gaps still exists in the economy today. Healthy small businesses still have trouble getting loans.
August 30, 2010
BobColeman #americaeast #sba #karenmills Waiving borrower fees was huge in stimulus. $680 million was turned into $30 billion in SBA loans
August 30, 2010
BobColeman #americaeast #sba #karenmills says 1300 lenders came back to SBA lending after stimulus passed
August 30, 2010
