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| Two Virginia Loan Brokers Sentenced for Causing Losses to the SBA of More ... LoanSafe Lee and Kim participated in a scheme to fraudulently obtain business loans guaranteed by the Small Business Administration (SBA), resulting in losses of more than $13 million. Lee was sentenced on December 5, 2012, and Kim was sentenced today. See all stories on this topic » | ||
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| Bangor Savings Bank named top lender for 2012 by Small Business Administration Daily Bulldog BANGOR - Bangor Savings Bank was the top Small Business Administration (SBA) lender in Maine in 2012, providing $4,712,100 in loans to 43 new or existing businesses. Maurice Dube, Maine District Director of the Small Business Administration, made the ... See all stories on this topic » | ||
| Omega Healthcare Gets $700 Million of Bank Loans to Replace Debt Businessweek The financing consists of a $500 million revolving credit line that will be used to fund acquisitions, and a $200 million unsecured term loan, Omega said yesterday in a statement distributed by Business Wire. The credit pact has a so-called according ... See all stories on this topic » | ||
| Cash America a Payday Loan Company Forced to Refund Over $13 Million to ... PFhub It does business as Cashland in Ohio, and that division of the company was the subject of a court ruling Monday that said the company made payday loans attempting to exploit a loophole in state laws. Cash America spokeswoman, Yolanda Walker said the ... See all stories on this topic » | ||
| Survey: Small biz owners cautious in the summer Scottsbluff Star Herald Seventy-six percent of the small businesses surveyed said it was difficult to get a loan, virtually unchanged from the 77 percent who called loans hard to get in the first quarter. The survey confirms other reports that showed small businesses have ... See all stories on this topic » | ||
| Bank lending scheme starts to show results Yorkshire Post The Funding for Lending Scheme, which opened at the start of August, offers banks cheap finance if they in turn lend on to households and businesses, and is aimed to boost the economy in ways that the Bank of England's £375bn of quantitative easing ... See all stories on this topic » | ||
| UBS Gets Back To Basics In Bid For GE's Swiss Lending Unit NASDAQ loading. Referenced Stocks: CS, DB, GE, RBS, UBS. UBS ( UBS ) seems to be taking its plan to go back-to-basics quite seriously if recent reports that highlight the banking group's interest in GE's ( GE ) Swiss consumer lending business are to be believed. See all stories on this topic » | ||
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| Bank earnings up 6.6% on revenue growth FW Business "In previous quarters, we have noted that revenue growth has been very sluggish, and most of the improvement in earnings could be traced to lower provisions for loan losses," FDIC Chairman Martin Gruenberg said in a briefing on the report. ... sent a ... See all stories on this topic » | ||
| Alliance Boots Extends Loans Facilitating Takeover by Walgreen Businessweek Alliance Boots Holdings Ltd., the U.K. drugstore chain part-owned by Walgreen Co. (WAG), extended the maturity of more than 5 billion pounds ($8 billion) of loans by two to three years, paving the way for the U.S. firm to acquire the entire company ... See all stories on this topic » | ||
| Do as Reagan Did, And Free Credit Unions National Review Online (blog) They are supporting bipartisan legislation that lifts by a small amount the arcane member-business lending (MBL) cap, which severely constricts credit unions' ability to make business loans to their member depositors. Solid economic evidence shows that ... See all stories on this topic » | ||
| IndyMac Executives Found Liable for Negligent Loans Businessweek Three former IndyMac Bancorp Inc. executives must pay $169 million in damages to federal regulators for making negligent loans to homebuilders as the real estate market was deteriorating, a jury decided. The federal court jury in Los Angeles issued the ... See all stories on this topic » | ||
| Niche lending Hindu Business Line They built a profitable business from extending home loans to the middle class, truck financing, SME loans and gold loans on the basis of knowing their borrowers thoroughly and assessing their risk profile more efficiently than banks could. But with ... See all stories on this topic » | ||
| 'Fiscal cliff' woes could extend into 2014-BofA Chicago Tribune Whitley's unit provides mid-sized businesses with loans, cash management services and other products. In a presentation this week, the bank said lending and treasury management services for commercial customers with revenues between $50 million and ... See all stories on this topic » | ||
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| Business briefs MyCentralJersey.com PISCATAWAY — The business community is encouraged to attend a Disaster Recovery Relief Forum on Thursday, Dec. 13, to learn what services and loans are available to the business community as a result of a disaster. The forum will be hosted by the NJ ... See all stories on this topic » | ||
| 3 Things You Should Know About Small Business: Dec. 7 TheStreet.com SBA approves more than $150 million in disaster loans to Hurricane Sandy survivors. A month after Hurricane Sandy devastated the East Coast, the U.S. Small Business Administration has approved more than $150 million in low-interest disaster loans to ... See all stories on this topic » | ||
| US consumer borrowing rises to record $2.75T Boston.com Borrowing in the category that covers autos and student loans increased by $10.8 billion. Borrowing on credit ... Many consumers have been reluctant to build up credit card debt, which typically carries steeper interest rates than other loans. Credit ... See all stories on this topic » | ||
| Virgin Money may buy MBNA's UK credit card business QCK ... target of providing £45 billion of new lending between 2012 and 2017." It is thought that Bank of America is also looking to sell the remainder of its UK business, worth billions of pounds. Earlier this year it sold £200 million in business loans ... See all stories on this topic » | ||
| TEXT - S&P affirms Itau Unibanco Holding SA Reuters Overview -- Itau Unibanco Holding S.A. has maintained its "very strong" business position and "adequate" risk, funding, and liquidity positions, and its capital and earnings is still "moderate." -- We are affirming our global scale 'BBB/A-2' and 'brAAA ... See all stories on this topic » | ||
| Free class to help women launch small business accepting applications ksl.com "Having a sounding board as we go along in this process has been wonderful," said Linda Hamrick, who is hoping to start a portable pet care business. Another perk to the program: after completion, women have access to business loans up to $25,000 ... See all stories on this topic » | ||
| Business Owners Can Scan This List For Helpful Resources Patch.com Did you have to close your business for a period of time and your business revenue reduced? You are eligible for low-interest loans from the government's primary source for funding, replacing and rebuilding businesses, non-profits, homes and apartments. See all stories on this topic » | ||
| A Credit Union Could be Your Best Source for a Mortgage Fox Business "Our members are partners in our non-profit business and any fees we charge go back into the credit union in the form of reduced interest rates." Mortgage programs. "Credit unions offer every product that other financial institutions offer, including ... See all stories on this topic » | ||
| Ratio of Nonperforming Loans Still Moving in Right Direction Arkansas Business Online In the third quarter of 2012, Arkansas banks collectively had a nonperforming loan ratio of 3.07 percent, down from 3.78 percent for the same period in 2011. The ratio represents a percentage of a bank's assets that are noncurrent, which means they are ... See all stories on this topic » | ||
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| NOMOS-BANK OAO : Financial Results for the III quarter of 2012 4-traders These strong results were supported byhealthy loan portfolio growth inall core business segments, the successful development ofthe cross-selling strategy and share ofwallet increase. Total operating income during 9months 2012was up33.6% year-on-year ... See all stories on this topic » | ||
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| Love Kingston appeal: Credit union putting loan sharks out of business Your Local Guardian Officially launched in October, the Love Kingston project is organised by Kingston Voluntary Action (KVA), and has selected five charities to support its aim of providing pathways out of poverty. The five charities are youth project Oxygen, Kingston ... See all stories on this topic » | ||
| Fitch Downgrades One Class of BACM 2007-4 Business Wire (press release) NEW YORK--(BUSINESS WIRE)--Fitch Ratings has downgraded one and affirmed 20 classes of Banc of America Commercial Mortgage Trust, series 2007-4 (BACM 2007-4). A detailed list of rating actions follows at the end of this release. The downgrade to ... See all stories on this topic » | ||
| Last day of business for Mikado Cottonwood Salt Lake Tribune (blog) The announcement comes the same week that former Mikado owner Gene Kwon, pleaded guilty to theft, securities fraud and a pattern of unlawful activity for misleading his friends to obtain loans. One of those friends was Chris Watkins, who in 2007, took ... See all stories on this topic » | ||
| Greece's 3 biggest banks to join in bond buyback The Seattle Times Greece's three biggest banks said Friday they would participate in a large bond buyback scheme that aims to chip away at the crisis-hit country's debt load and ensure it continues to get its international bailout loans. By NICHOLAS PAPHITIS. The ... See all stories on this topic » | ||
| Top of the List: SBA Lenders Bizjournals.com (blog) For the rest of the list, including the number and value of 7(a) and 504 loans approved, see the Dec. 7 issue of the Charlotte ... Amy Shapiro oversees research and production of weekly industry lists and the Book of Lists for the Charlotte Business ... See all stories on this topic » | ||
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| Inside Wells Fargo's Birmingham strategy Birmingham Business Journal When small business owners are working with giant banks that have operations across the nation, many entrepreneurs may wonder how those institutions make decisions about loans, lines of credit and other key business transactions. The Birmingham ... See all stories on this topic » | ||
| Brunswick Man Indicted for Role in Financial Institution Fraud Scheme LoanSafe (Source: FBI) - A federal grand jury in Cleveland returned an indictment against Svetislav Vujovich charging him with one count of financial institution fraud, one count of bribery in connection with the business dealings of a financial institution ... See all stories on this topic » | ||
| Denver's Allonhill lays off 140 workers Denver Post Some will continue to work through January with current clients, she added. Allon said the layoffs occurred because she made a business decision "to walk away" from the transactional mortgage business because of its extreme time pressures and "very ... See all stories on this topic » | ||
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| FHA losses mount Pueblo Chieftain Republican senators said more must be done, such as ending the FHA's backing of reverse mortgages. They said the FHA has sustained big losses from defaults on those loans, which allow homeowners age 62 or older to borrow against their home's equity. See all stories on this topic » | ||
| Community bank lending on upswing Washington Business Journal This is good news for smaller institutions, many of which got a boost in business during the downturn as larger banks pulled back on lending. The new figures show that big banks have returned to more aggressive lending this year, but small banks are ... See all stories on this topic » |
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| Microlending and more for women's business dreams - MinnPost By Elizabeth Millard Laura Ooley thought she had everything in place for a business loan application: revenue projections, analysis of competitors, strategic direction, and larger vision. But, because she didn't have previous sales or an outstanding credit history, ... The Latest posts on MinnPost |
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| Business Loans - mBank The Power of Being Local. At mBank, we support business growth by combining big bank lending skills and products with community bank sensibilities. We look ... www.bankmbank.com/Business/Business-Loans.aspx | ||
| More credit union loans to small business? Banks say no | Profit ... From the blog Profit Minded: New York Democratic Senator Kristin Gillibrand is grabbing headlines in her state this week for pushing her colleagues to vote on ... smallbusiness.yahoo.com/.../more-credit-union-loans-small-bu... |
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