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| QuarterSpot Launches New Small Business Lending Platform MENAFN.COM NEW YORK, NY, Jun 20, 2013 (Menafn - Marketwired via COMTEX) --Small business lender QuarterSpot today launched its online lendingplatform to provide small business owners with lower cost loans atmore favorable terms than are available from many ... See all stories on this topic » | ||
| Banks bleeding companies to keep households sweet on fees The Australian Most of the fees appear to be service-related, with the RBA saying the rise from business loans was mostly due to "an increase in the account servicing fees charged" and reflected "modest growth in the number and value of new loans as well as an ... See all stories on this topic » | ||
| Virginia Lawyer Gets 15 Years for Small Business Loan Fraud Businessweek A Virginia lawyer was sentenced to 15 years and eight months in prison for his role in a scheme that resulted in more than $100 million in losses on loans backed by the U.S. Small Business Administration. Joon Park, 43, of Falls Church, was sentenced ... See all stories on this topic » | ||
| Treasury Touts Small Business Lending Program Personal Liberty Digest WASHINGTON (UPI) — The U.S. Treasury Department said Thursday that community banks were responding positively to its Small Business Lending Fund. More than 90 percent of the participating banks in the first annual survey of the program indicated that ... See all stories on this topic » | ||
| Va. man sentenced in $100M business loan fraud Businessweek BALTIMORE (AP) — A Virginia man has been sentenced to more than 15 years in prison in a scheme to get fraudulent loans guaranteed by the Small Business Administration. Prosecutors said the scheme resulted in losses of more than $100 million. See all stories on this topic » | ||
| MeridianLink And FICO Partner To Help Hundreds Of Small Banks And Credit ... Daily Markets SAN JOSE, Calif., June 20, 2013 /PRNewswire/ — MeridianLink, developer of the industry's first multi-channel account opening and loan origination platform, and FICO (FICO), a leading predictive analytics and decision management software company, today ... See all stories on this topic » | ||
| Most Kansas banks increase loans in Treasury program Kansas.com Treasury's survey said that the South and Midwest saw the largest growth in small business loans – estimated increases of 20,200 and 8,700, respectively – followed by the Northeast with a 5,500-loan increase and the West with an increase of 3,600 loans. See all stories on this topic » | ||
| SBA wants to cut fee on its smaller dollar loans Tribune-Review "We are going to eliminate all fees on all loans under $150,000," Mills said at Pittsburgh Technical Institute in Oakdale, where the SBA celebrated National Small Business Week with a daylong event. Mills said smaller dollar loans are where the largest ... See all stories on this topic » | ||
| Baan Monthon to list after loan denial Bangkok Post Apinant Klewpatinond, president and chairman of commercial banking business at Kiatnakin Bank, said the bank tightened loan approval to condominium projects because of concerns about the business segment. Normally condos carry higher risk than ... See all stories on this topic » | ||
| Accounting firm eyeballs local bad loans Bangkok Post Mr Kneale said that there is no sign of a bubble in the property sector and it would not have a significant impact on Thailand's gross domestic product (GDP) compared to the three business sectors. Baker Tilly Thailand is a branch of Britain-based ... See all stories on this topic » | ||
| Kodak strikes post-bankruptcy loan deal with banks Reuters Canada PK: Quote) said on Thursday that it had reached a $895 million financing deal with three Wall Street banks that will help fund its rebirth as commercial imaging business after the former film pioneer emerges from bankruptcy. Affiliates of JPMorgan ... See all stories on this topic » | ||
| Wells Fargo Recognized as "Small Business Lender of the Year" LoanSafe (Source: Wells Fargo) – For the second time in three years, Wells Fargo & Company (NYSE: WFC) is the U.S. Small Business Administration's (SBA) Large 7(a) Lender of the Year. The 2013 award will be presented to Wells Fargo – the No. 1 SBA 7(a) lender ... See all stories on this topic » | ||
| Loan aid for young entrepreneurs Belfast Telegraph In Great Britain, the Start Up Loans scheme has already committed over £26m in loans and £4m in support to help over 5,000 people aged 18 to 30 set up businesses, almost half of whom were previously unemployed, since it launched in autumn 2012. See all stories on this topic » | ||
| US rate on 30-year mortgage falls to 3.93 pct. San Jose Mercury News The purchases pushed long-term interest rates to historic lows, making mortgages and other consumer and business loans cheaper. Mortgage rates are expected to rise because they tend to follow the yield on the 10-year Treasury note. The yield on ... See all stories on this topic » | ||
| Loans boost for young entrepreneurs Belfast Telegraph Business Secretary Vince Cable is working with the Start-Up Loans Company to extend the funding to Northern Ireland and an announcement is expected within weeks. The Deputy Prime Minister Mr Clegg was attending the 20th summit of the council in ... See all stories on this topic » | ||
| South Korea to give $500 mn loan to Myanmar Business Standard South Korea has agreed to provide $500 million in loans to Myanmar between 2013 - 2017 from its economic development cooperation funds, media reports said Thursday. It was announced at a joint committee meet on economic cooperation between the ... See all stories on this topic » | ||
| Leaders: Restricting SME loans | UFOs Scotsman But almost every month has brought figures showing a net fall in business lending with the new lending failing to make good the hole left by existing loans the banks have called in. It would be unacceptable for the banks to continue to frustrate ... See all stories on this topic » | ||
| Analysis: Creeping mistrust stops euro zone banks lending to peers across bloc MSN Money BRUSSELS/FRANKFURT (Reuters) - Euro zone banks are refusing to lend to peers in other countries in the common currency bloc, signaling a worrying fall in confidence that appears to have worsened since the Cyprus bailout earlier this year, data analyzed ... See all stories on this topic » | ||
| Business customers 'gouged' on fees Sydney Morning Herald The Australian Bankers' Association said fee revenue from business had risen over the past year because of a rise in lending, especially to larger companies. Banks' fees from business customers had increased sharply after the financial crisis because ... See all stories on this topic » | ||
| SLIB approves $18.6M in WBC grants Wyoming Business Report CASPER - The latest round of funding through the Wyoming Business Council has cleared its final hurdle after the Wyoming State Loan and Investment Board approved every WBC recommendation today. The voting at today's meeting will disperse nearly ... See all stories on this topic » | ||
| Wells Fargo to Be Recognized as US Small Business Administration's 2013 ... Stockhouse 30, 2012, Wells Fargo extended $1.24 billion in SBA 7(a) financing to small business owners, and was the second largest SBA lender in units extending 3,176 SBA 7(a) loans. During the same period, the company was the No. 1 SBA 7(a) lender in dollars in ... See all stories on this topic » | ||
| Payday lenders ordered to pay $8850 in fines Victoria Times Colonist Administrative penalties have been handed down to Loan Express, Cash Store Financial and Justenna Enterprises, which does business as Money Mart Whistler, for a number of violations. Loan Express has been ordered to cease offering, arranging or ... See all stories on this topic » | ||
| Skyline Home Loans VP Kyle Kamrooz Named to MBA Committees Fort Mills Times Kyle Kamrooz, Vice President of Strategy, Business Development and Technology for Skyline Home Loans (www.skylinehomeloans.com), has been named to three committees within the Mortgage Bankers Association: Loan Production; Legal and Regulatory ... See all stories on this topic » | ||
| Student Debt Puts Young Entrepreneurs on Hold Businessweek Dr. Steve Sherick wants to build out the emergency-care business he started two years ago, but the $300,000 in student loans he and his wife carry makes it difficult. The 36-year-old physician's team of seven doctors works under contract at a local ... See all stories on this topic » | ||
| Investors are flooding into floating-rate funds Lexington Herald Leader By Stan Choe — AP Business Writer. NEW YORK ... Consider that in 1994, after the Federal Reserve unexpectedly hiked short-term rates six times in 10 months, bank-loan mutual funds returned an average of 6.6 percent, according to Morningstar. The broad ... See all stories on this topic » | ||
| Sabal Financial Group Launches Third Party Servicing Business National Real Estate Investor NEWPORT BEACH, CA— Sabal Financial Group L.P., a diversified financial services firm specializing in real estate, lending and banking, has launched Sabal Third Party Servicing, a business division offering commercial real estate and acquisition, ... See all stories on this topic » | ||
| Business Cash Advance Guru Now Offers Affordable Bank Loan Alternatives for ... DigitalJournal.com (press release) When companies are given more choices, rates and terms become far more competitive, especially among alternative business loan providers, which require substantially less corporate records and financial documents in their merchant loan applications. See all stories on this topic » | ||
| Fledgling P2P industry eyes progress Financial Times Some seven years after modern peer-to-peer (P2P) lending was brought to the US, the industry is exploiting new technologies and internet commerce to expand its business. Burgeoning success has drawn interest from investors eager to tap into what has ... See all stories on this topic » | ||
| Shaheen-backed 504 refinancing loan bill gains in Senate New Hampshire Business Review It was a provision that was originally enacted as part of the Small Business Jobs Act of 2010, a stimulus-related measure that expired last September. The 504 loans are usually provided through certified development companies – or CDCs -- private ... See all stories on this topic » | ||
| The rural branch to China's credit problem Business Spectator The rural branch to China's credit problem. Lynette Ong 2 min ago. Economy · China. Bad loans in China's provincial businesses have been as high as 80 per cent because rural banks are beholden to the demands of local officials. It is critical for China ... See all stories on this topic » | ||
| BSTDB to allocate loans to Azeri banks APA According to him, BSTDB will allocate loans to some of Azerbaijan-based banks and these banks will direct these funds to financing of small and medium business: "Generally, 4 loan agreements will be signed – three of them will be signed within the ... See all stories on this topic » | ||
| Housing Seen Shrugging Off Rate Rise as Banks Loosen: Mortgages Businessweek Bank of America, which has hired 1,000 loan officers during the past year, plans to continue adding staff to aggressively go after home-purchase business as refinances slow, said spokesman Terry Francisco. The company is doing more lower-down-payment ... See all stories on this topic » | ||
| Stan Spangle Sr.: There's help for veterans wanting to start businesses High Point Enterprise Two weeks ago, the Small Business Administration (SBA) announced the start-up of the Veteran Pledge Initiative. The intent is to raise lending to veteran-owned small businesses (VOSBs) by 5 percent a year for the next five years. The group making this ... See all stories on this topic » | ||
| Insight: Losses loom for investors enmeshed in mortgage chaos Reuters Canada A review of loan documents, property records and the monthly reports made available to investors show that mortgage servicers are reporting individual houses are still in foreclosure long after they have been sold to new buyers or the underlying ... See all stories on this topic » | ||
| Liverpool space store wins Government Start-Up Loan bdaily Start-Up Loans are delivered in the North West by Business Finance Solutions, along with mentoring, business support and training from the national scheme. Mr Garner said he will use his loan to invest in advertising, website development and buying ... See all stories on this topic » | ||
| Suncorp rids itself of $1.6bn in bad loans Herald Sun ... in loan sales in June and July, leaving it with only $500 million in 130 residual loans left in the bad bank. "What it's allowed is us to be very transparent now about the power, success and the potential of this group going forward through all ... See all stories on this topic » | ||
| Tree.com Receives Final Payment from Discover for Home Loan Center, Inc ... Wall Street Journal Together, these brands serve as an ally for consumers who are looking to comparison shop for loans, education, auto, home services and other services from multiple businesses and professionals who will compete for their business. Tree.com, Inc. is ... See all stories on this topic » | ||
| Restaurant chains capitalize on increase in SBA lending QSRweb.com June 20, 2013. A new report released at the start of the International Franchise Expo in New York City shows that U.S. Small Business Administration (SBA) lending to franchising increased more than 60 percent over the previous year. The report, co ... See all stories on this topic » | ||
| One-day business planning retreat Tryon Daily Bulletin To register, contact Ashley Epling at 828-253-2834 ext. 27 or ashley@mountainbizworks.org. For general information about the workshop, contact Tina Wolfe at info@hickorynutchamber.org or 828-625-2725. To learn more about business loans, classes, and ... See all stories on this topic » | ||
| Markets bleed red ink on US, China worries Toronto Star The yield on U.S. 10-year Treasury bills punched through the 2.4 per cent threshold, its highest level in two years, BMO also noted, putting upward pressure on Canadian bond yields and ultimately on consumer and business loans. In Toronto, the S&P/TSX ... See all stories on this topic » | ||
| Loan Broker Sentenced to More Than 15 Years in Prison in Conspiracy to ... Federal Bureau of Investigation (press release) "SBA underwriters approved $100 million in business loans brokered by Jade Capital based on fraudulent bank statements, checks, gift letters, resumes, and tax returns that made it appear as if the borrowers had invested money in the businesses," said U ... See all stories on this topic » |
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| New SBA Program Offers Business Loans to Veterans | Intuit Small ... The Small Business Administration recently announced the SBA Veteran Pledge Initiative, a new program that aims to increase business loans to military ... blog.intuit.com/.../new-sba-program-offers-business-loans-to-... | ||
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| NUL Launches Lending Arm To Help Communities of Color Obtain ... The National Urban League (NUL) recently announced the launch of a "small business lending arm" under the sponsorship of Bank of America, Citi, JPMorgan ... www.empowermagazine.com/nul-launches-lending-arm-to-hel... |
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