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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 Chase's Ads: How Many Businesses Sought "Second Look?"
JPMorgan Chase has been trumpeting increases in lending to small businesses in full-page print ads. One running today in The New York Times describes the bank's new policy to give a"second look" to rejected business loan applicants who request another review: This means our credit team gives a second look--and makes every reasonable effort--to approve those businesses that are only experiencing short-term stress due to the unprecedented economic downturn. This extra step has already provided an additional $50 million in credit to 200 small business applicants who had been previously declined. . . . keep reading
The Case for Commercial Real Estate
One CEO panelist whose company runs 20 mm sq ft of retail also owns 30 mm sq ft of office space. He's optimistic: he notes the smaller oversupply problem compared to prior recessions, and faster speed of price adjustments. For the most part, I agree. The first two charts below show that compared to two prior cycles, less commercial property was added, and that the pipeline as a % of the existing stock is low (exception: Madrid). The third chart shows the rapid speed of price declines this time around, compared to the 1991 real estate recession. So both arguments are supported empirically. . . . keep reading
Commerce City businessman agrees to guilty plea in loan-fraud case
A Commerce City businessman accused by federal prosecutors of collecting $1.1 million in fees for arranging loans that were never issued has agreed to plead guilty to charges of wire fraud and money laundering under a plea agreement with federal prosecutors. David Gwin, 51, is to be sentenced May 17. . . . keep reading
Small business optimism falls in Feb., NFIB says
An index measuring small-business optimism fell 1.3 points to 88.0 in February, erasing January's gain, according to a monthly survey released Tuesday by the National Association of Independent businesses. The index is far below its average, but has gained from 81.0 in March 2009, the second-lowest reading ever. Small businesses were cutting workers and prices in an effort to increase sales, the survey said. Fewer businesses reported problems getting credit, with 9% of firms saying they couldn't find the credit they need image1| . . . keep reading
 A Plan To Save Commercial Real Estate - CNNMoney
Introduced by Joseph Crowley, a six-term Democratic congressman representing parts of New York City's Queens and Bronx boroughs, the Real Estate Revitalization Act of 2010 would eliminate certain taxes that were part of the Foreign Investment Real Estate Property Tax of 1980, or FIRPTA -- which requires foreign investors to pay as much as a 55% tax on capital gains from the sale of U.S. real estate or shares in real estate investment trusts and real estate operating companies. . . . keep reading
 The Sorry State Of Small Business Lending in Washington D.C.
How hard is it for a small business to get a loan these days? Henry Turner has a pretty good idea. "Some well-prepared companies are getting the loans right now," Turner says. He says a commercial borrower needs three things to convince a banker to invest: 1) solid collateral, 2) a good existing relationship with said bank and 3) limited debt already on the books. Turner says the threshold right now is about 80 percent, i.e. if a business has $1 million in assets it may be able to borrow $800,000. . . . keep reading
 Optimism growing in commercial real estate industry
Nothing compares well with commercial real estate activity in the good old days of 2007, but "off the bottom" is not a bad place to be when the industry's prospects over the next few years "could threaten America's already-weakened financial system," according to a recently released government report. The 183-page report was completed by the Congressional Oversight Panel, whose task was to assess commercial real estate loan loss risk to the country's financial stability. . . . keep reading
 Small Biz: Where's Our Stimulus?
The spigot shut off when he sought a bank loan to buy new equipment for Drake Cleaners in Midtown. "It can get a little frustrating when you see the big banks, the corporations and the automakers that have made horrible, horrible choices get bailed out, while those of us who work 12 to 14 hours a day, six to seven days a week, we can't get anything," said Jacobs. A survey released by the National Federation of Independent Business Research Foundation revealed that only 40 percent of small-business owners who attempted to borrow money last year had all of their credit needs met. That compares to a 90 percent success rate in the mid-2000s. . . . keep reading
With bank credit frozen, small U.S. businesses starting to turn to microlenders
Microlending first became popular as a form of foreign investment in poor, emerging markets. Before joining the LEDC a few years ago, Vickers was a microlending specialist in Latin America for the World Bank, including financing projects in Nicaragua to help rural villagers connect to electrical grids. The trend has been slower to take off in the United States, especially because many consumers have access to credit cards and because lending requirements were lax. . . . keep reading
 Glimmer of hope for small businesses - San Francisco
According to the survey, conducted by Small Business California of San Francisco, a quarter of more than 2,700 small-business owners, primarily in the Bay Area, say they will be hiring in the next six months. More than half say they've seen some improvement in the economy over the past three months, or at least that it hasn't gotten any worse. . . . keep reading
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