Bruce Sack was surprised when he was turned down by Bank of America for a loan to expand his mobile physical therapy business since he has good credit. But he found that M&S Bank and the U.S. Small Business Administration were willing to give him a $50,000 loan.
Why It’s Called the Small Business Loan [...]
The Bank of Africa Tanzania Limited (BOA) has unveiled a package of steps to boost growth in Arusha, promising loans to SMEs without the traditional collateral, as it seeks closer ties with the country`s second largest commercial town.
Reliant Energy to shut or sell commercial business (Houston Chronicle) Reliant Energy has stopped signing up or [...]
HCL Technologies today announced the release of one of the most comprehensive research projects ever conducted in business and commercial lending. The CapitalStream Survey of Best Practices in Business and Commercial Lending is based on in-depth interviews with more than 180 executives and senior managers at North American banks. The survey report released today [...]
Nov. 6 (Bloomberg) — The Federal Reserve’s holdings of commercial paper issued by U.S. corporations rose $98.9 billion to $244.6 billion in the week ending yesterday, indicating the central bank is underpinning the market even as funding pressures ease.
Fitch Affirms Bayview Loan Servicing s Resi Special Servicer Rating (wallstreet:online AG) Fitch Ratings has [...]
Nov. 5 (Bloomberg) — China Construction Bank, the nation’s second-largest lender, plans to raise about 2 billion yuan ($292 million) in China’s first domestic commercial mortgage-backed bond sale, according to two people involved in the matter.
MCC closes $4.5M in loans (Orlando Business Journal) Mercantile Commercial Capital LLC of Altamonte Springs, a company specializing in [...]
Oct. 29 (Bloomberg) — American Express Co. , the biggest U.S. credit-card company, used the Federal Reserve ’s commercial paper facility for the first time today, joining a growing list of borrowers that have sold tens of billions of dollars of the debt to the central bank.
Fed Lowers Commercial Paper Yield as Market Awaits [...]
A healthy cash flow is important to keep any business thriving, continually growing and to be able to keep up with the competition in the market. Financial crises though, can never be held off. Even with the most meticulously planned budget these issues may still arise due to many factors such as the [...]
The future of small business has been a hot topic amongst the presidential candidates. Especially, in times where business loans are hard to come by, a business cash advance can offer fast funds for small business owners in need.
Seattle beats rivals in bleak commercial real-estate picture (Seattle Times) A national study rates Seattle [...]
Bad credit business loans are made especially to business people who are refused loans elsewhere because of bad credit. The loan comes in secured or unsecured options and bad credit is not at all a hurdle in taking the loan in time.
A Business Cash Advance Can Relieve the Sting of Consumer Cutbacks What is [...]
Oct. 16 (Bloomberg) — Australian and Japanese money market rates fell as central banks added cash and European lenders were yesterday offered unlimited U.S. currency. South Korean funding costs rose a fifth day as companies struggle to pay debts.
Nova broadens lending business (Arizona Daily Star) Despite the ongoing credit crunch, one of Southern Arizona’s [...]
