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Bank of America's new loans to small businesses jumped 28 percent in 2012 Charlotte Business Journal (blog) The Charlotte-based bank (NYSE:BAC) said it extended $8.7 billion in new credit to small companies. BofA's total small-business lending reached almost $20 billion nationwide. The bank also said that it has completed its plan to hire 1,000 small ... See all stories on this topic » | ||
Bank of America boosts small business lending 45% in Florida Jacksonville Business Journal (blog) Bank of America said it originated $846.2 million in small business loans in Florida in 2012, an increase of 45 percent from the prior year. That outpaced its national growth, which was a 28 percent increase to $8.7 billion. Charlotte, N.C.-based Bank ... See all stories on this topic » | ||
Yadkin Valley Bank parent sheds bad loans The Business Journal of the Greater Triad Area The Elkin-based parent company of Yadkin Valley Bank & Trust said that as a result of the "accelerated asset disposition plan," it was able to reduce total nonperforming loans on its books by $34.2 million to $22.8 million. Bad loans now represent 1.71 ... See all stories on this topic » | ||
How to get an SBA loan Albuquerque Business First (blog) The U.S. Small Business Administration has been backing record numbers of loans in recent years, but the rules for getting its stamp of approval haven't changed over time. First, you need to have a good plan to show how you intend to pay off the loan. See all stories on this topic » | ||
Business loans, grants still available through Herkimer Co. IDA Utica Observer Dispatch Individual applicants will be eligible for grants up to $2,000 and matching loans up to $2,000 for businesses — which include agriculture businesses — that have been open for at least a year. Eligible businesses also must provide equity or capital of ... See all stories on this topic » | ||
Loan programs can bolster business, create local jobs Commentary State Sen ... Wilkes Barre Times-Leader With more than $2 million remaining in the fund, the program has now transitioned into the Luzerne County Small Business Loan Program -- which offers Luzerne County business loans of up to $100,000 to be used for working capital, real estate ... See all stories on this topic » | ||
Business Loans Boomerang into High Drive, Entrepreneurs Get a Much-Needed ... Virtual-Strategy Magazine (press release) Business Lexington recently reported a 30 percent increase in small business loans and over $200 million increase in new SBA business loans in Kentucky alone. This is certainly jolly news for entrepreneurs who have been denied access to credit ... See all stories on this topic » | ||
METCO approves $75000 loan for Fern Creek day care Business First of Louisville The Louisville Metropolitan Business Development Corp. (METCO) Thursday approved a $75,000 loan for Stonybrook Childcare Inc., a day care operation in Fern Creek. According to METCO, Richard Morris, who owns and operates 10 day-care centers, has ... See all stories on this topic » | ||
Small Business Administration Disaster Loan deadline for all people affected ... The Central Jersey Sun Individuals, small businesses and private non-profit organizations in Mercer County and 16 other counties impacted by Superstorm Sandy have until Jan. 30 to apply for physical property damage loans from the U.S. Small Business Administration (SBA). See all stories on this topic » | ||
Yonkers Seeks To Collect Thousands In Defaulted Loans The Daily Voice In a report released Wednesday, Inspector General Kitley Covill said the city's Office of Economic Development OK'd 11 "risky" small business loans from 2003 to 2010. Issued through the city's commercial loan program, the money lent totaled more than ... See all stories on this topic » | ||
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China PBOC: Outstanding Property Loans up 12.8% at End 2012 Fox Business Outstanding property loans in yuan by major financial institutions in China rose 12.8% at the end of 2012, the central bank said Thursday, adding to evidence that the country's property market is recovering. Outstanding property loans totaled 12.11 ... See all stories on this topic » | ||
Are Startup loans pointing in the right direction? bdaily Lord Young, the so-called "Godather of Startup Loans", stated that the scheme should benefit tens of thousands of young businesses. However, in the last 6 months since it launched, only 600 businesses have been awarded a startup loan, out of a total of ... See all stories on this topic » | ||
Year-round businesses struggle to survive after Sandy USA TODAY His insurance provider kicked in $150,000, and he is awaiting response on more money. But if that doesn't come soon, he'll be paying construction bills out of pocket or getting a small-business loan. "We just opened that restaurant 15 months ago," he said. See all stories on this topic » | ||
Russian Corporate Lending Growth Slows in 2012 as Loans to Russian Firms ... Fox Business The bulk of the country's corporate loans to non-residents is linked to Russian businesses registered abroad, including Cyprus, and such a decline reflects so-called "de-offshorization," said Mikhail Kovrigin, deputy head of banking regulation at the ... See all stories on this topic » | ||
Loan Resolution Corp. to hire 100 in Scottsdale Phoenix Business Journal LRC specializes in the purchase of non-performing loans and real property, and helps to resolve delinquent mortgages, provide property management services and sell real estate. When all open positions are filled, LRC will have more than 300 employees ... See all stories on this topic » | ||
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CNH Tracker-Tight yuan funds offshore may cap new loan business Reuters But analysts said that tight offshore yuan liquidity in Hong Kong, which is likely to persist throughout the year, may limit profit margins, thus capping the benefits to be brought by the new loan business from the special economic zone. "We expect ... See all stories on this topic » | ||
Merscorp sued by Kentucky attorney general over loan assignents Business First of Louisville (blog) Staff Business First. Kentucky Attorney General Jack Conway has filed a lawsuit against Merscorp Holdings Inc., claiming that some of its assignments of mortgage loans were not filed properly when property in Kentucky was sold or transferred. As ... See all stories on this topic » | ||
Hancock profit rises, but dented by loan sale loss (updated) Mississippi Press (blog) GULFPORT, Mississippi — Fourth-quarter profit rose for the parent of Hancock and Whitney banks as merger expenses eased, but it lost money on a loan sale. Hancock Holding Co. posted profit Thursday of $47 million, or 54 cents per share. That's 147 ... See all stories on this topic » | ||
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Bad loans blow for Spain banks Gulf Daily News MADRID: Rising bad loans at Bankinter and Sabadell point to more pain for Spanish banks as they near the end of a deep clean of rotten property assets that hammered profits last year. Sabadell and Bankinter have been hit by big writedowns on soured ... See all stories on this topic » | ||
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Co-Signers: Can You Ever Break That Commitment? Fox Business More than a decade ago, I co-signed an $18,000 loan for my son's fiancee. Her parents ... Sallie Mae, for example, will allow the primary borrower to petition to release the co-signer after 12 or 24 on-time payments depending on the loan program. A ... See all stories on this topic » | ||
Red flags revealed in filings of firm linked to Caterpillar fraud Fox Business HONG KONG – A Chinese mining equipment company at the centre of an alleged accounting fraud was also involved in a web of insider loans and asset transfers prior to its purchase by Caterpillar Inc., public filings show. The transactions, while not ... See all stories on this topic » | ||
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Access to Capital Forum Held at Holiday Inn The SandPaper (blog) The Intersect Fund is a New Jersey nonprofit offering business loans up to $15,000, at 5 percent interest. "We focus on businesses unable to get loans from the SBA," says the handout. Decision time is three business days after documents are submitted, ... See all stories on this topic » | ||
US Capital-Equipment Financing Up 6% in December - Survey Fox Business A survey of credit providers showed that loans and leases for business equipment in the U.S. rose 6% in December from a year ago, as companies staged their usual year-end rush to complete purchases. Respondents to the Equipment Leasing and Finance ... See all stories on this topic » |
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IBM Executive On Small Business Lending - Business Insider By Max Nisen Big data, cloud computing and smart, real time analytics have gotten so advanced that they're available to all businesses, regardless of size, but not all small businesses can afford them. And, nearly four years after the financial crisis, it can still ... SAI |
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