Coleman's 2010 Small Business Banker Hotel and Motel Lending
Guide
The report contains a listing of 5,619 SBA 7(a) Hotel and Motel loans
approved between January 1999 and April 2009, including Borrower and
Bank information.
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 Bloomberg: Blame Lobbyist for No Small Business Lending Bill
In 2008, three of the best-known business trade groups in Washington blitzed Congress to approve a $700 billion bailout for Wall Street. Two years later, those groups--the U.S. Chamber of Commerce, the National Federation of Independent Business, and the National Association of Manufacturers--are missing in action as the smaller companies that account for the majority of their membership seek a $30 billion rescue of their own. . . . keep reading
 Bank of America Announces New Program to Help Spur up to $100 Million in Small Business Lending Nationwide
WASHINGTON, Jul 29, 2010 (BUSINESS WIRE) -- Bank of America today announced it will provide $10 million in grants to nonprofit lenders, such as Community Development Financial Institutions (CDFIs), to leverage funds from the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA) for lending to small and rural businesses. The grants, for use as loan loss reserves, may unlock as much as $100 million in low-cost, long-term capital for small business microloans nationwide over the next 12 months. . . . keep reading
 Recovery report: Nearly Half of Small-business Owners say Economy Got Worse
WASHINGTON -- Nearly half of small-business owners think the economy is worse today than it was a year ago, according to a survey conducted this summer by the National Small Business Association. Nearly 60 percent of the 400 small-business owners surveyed expect the economy to remain flat in the coming year, while 29 percent expect a renewed recession. . . . keep reading
 Small Business Lending Fund Bill Stalls -- Again (Coverage on C-SPAN 2)
WASHINGTON -- Defying expectations once again, a bill that would create a small business lending fund failed to pass a critical vote that would have limited debate and allowed it to move toward final passage. The legislation had been expected to pass late Wednesday or early Thursday, but Senate Democrats were unable to find the necessary 60 votes to avoid a filibuster threat. A cloture vote failed 58 to 42, with GOP lawmakers all voting against the measure. Republicans argued they did not have enough opportunity to offer amendments to the legislation. . . . keep reading
 Smart Parts Files for Chapter 7 Bankruptcy
Earlier this year (May) the distressed paintball manufacturing company Smart Parts of Latrobe, PA, filed for Chapter 11 bankruptcy protection Information filed with the bankruptcy application seem to indicate that the company had been in trouble since as early as October of 2009. Chapter 11 Bankruptcy allows the debtor (Smart Parts in this case) to attempt to shed some of their debt and re-organize the company in a manner acceptable to secured creditors (and which presumably allows the debtor company to once again become profitable). . . . keep reading
 Daisy Baker's, Bacchus to Remain Open During Bankruptcy Proceedings
TROY -- The parent company of Daisy Baker's restaurant and bar has filed for bankruptcy, and the building's owner has put the 33 Second Street property up for sale. Green Street Entertainment Corp. which owns the restaurant, filed for Chapter 11 bankruptcy last week. The company also owns Bacchus, located downstairs from Daisy Bakers. Both restaurants will remain open while the company reorganizes its debts. . . . keep reading
 Small Business Lending Bill Headed Toward Vote
WASHINGTON -- Community banks would be able tap a $30 billion government fund to help them increase lending to small businesses under a bill working its way toward a vote in the Senate. Democrats say banks should be able to use the lending fund to leverage up to $300 billion in loans to small businesses, helping to loosen tight credit markets. The fund would be available to banks with less than $10 billion in assets. Democrats and Republicans were negotiating a handful of amendments Wednesday with the goal of scheduling a vote on the bill later in the day. The talks played out as President Barack Obama traveled to Edison, N.J., where he was expected to tout the bill during a visit to a sandwich shop. . . . keep reading
 Ex-bank Official Gets 75 Months for Fraud
A former loan officer at a Boyertown bank who stole millions and went on a decade-long spending spree was sentenced to 75 months in federal prison. Roberta Stutzman, 62, of Boyertown, also last week was ordered by U.S. District Judge Joel H. Slomsky to pay $4.9 million restitution. Stutzman pleaded guilty in March to bank fraud, bank embezzlement and tax fraud for taking Penn National Bank's money from 1996 through 2008. . . . keep reading
 Katz's Deli Files for Bankruptcy Protection
Austin deli owner Marc Katz has experienced the highs and lows of the news media's attention the past eight days. Last week, CNBC broadcast from his West Sixth Street restaurant as part of its study showing that the Texas economy is the best in the country. On Thursday, Katz was standing in the middle of his restaurant explaining why he had filed for Chapter 11 bankruptcy protection for Katz's Deli & Bar, the restaurant he's run for more than 30 years. . . . keep reading
 Winning at the Business Loan Game
"Money makes the world go around." These are more than just famous song lyrics from Cabaret, it's also the core philosophy of the business world. Yet today the common lament is that there is no money to be had anymore, and this may cause that world of ours to stop spinning. Not so fast. I recently caught up with small business financing expert Ami Kassar, CEO of MultiFunding.com, a young company that helps small business owners get funding. Kassar says there's plenty of money out there for small businesses owners ... if they have collateral. . . . keep reading
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