Commercial building loans
Michael G. Carlton, president of Crescent State Bank (www.crescentstatebank.com), a wholly owned subsidiary of Crescent Financial Corporation, (NASDAQ Global Market SM), has announced that Nikki Clemmons has been named commercial loan officer for the bank s Wilmington office. In this position, Clemmons will be responsible for establishing and maintaining effective personal business relations …
Indonesia’s Excelcom receives $140 mln loan (Reuters via Yahoo! Philippines News)
JAKARTA, Nov 7 (Reuters) - Indonesia’s third-largest mobile phone operator, PT Excelcomindo Pratama Tbk , said on Friday it has received a $140 million syndicated loan from four overseas banks to help meet its capital expenditure needs.
AIG repays more of $85 billion Fed loan (USA Today)
American International Group (AIG) reduced the amount it owes the U.S. government by $2.3 billion as the insurer continues to use the Federal Reserve’s new commercial-paper-funding program.
High debt, lack of credit weaken commercial real estate outlook (The Business Press)
While commercial real estate has not been overbuilt as much as residential housing, there are big problems in this arena ahead as well, according to a recent panel at the eighth annual Trigild Lender Conference in San Diego.
Economy - Thursday (Investor’s Business Daily via Yahoo! News)
The size of the U.S. commercial paper market, where companies go for short-term loans to fund daily operations, grew $50.5 bil to $1.6 tril in the week ended Nov. 5 after soaring $100.5 bil in the prior week. Much of that comes from the Fed, which started buying commercial paper in late Oct.
Fed Commercial Paper Holdings Rose to $244.6 Billion (Update1) (Bloomberg)
Nov. 6 (Bloomberg) — The Federal Reserve expanded its holdings of commercial paper issued by U.S. corporations by $98.9 billion, boosting its share of the $1.6 trillion market in short-term debt to 15 percent.
AIG repays more of $85 billion Fed loan (Pittsburgh Post-Gazette)
CHARLOTTE, N.C. — American International Group Inc. reduced the amount it owes the U.S. by another $2.3 billion as the insurer continues to use the Federal Reserve’s new commercial-paper-funding program.
More lenders pass on rate cuts (ShareCast via Yahoo! UK & Ireland Finance)
A series of mortgage lenders have responded to the government’s demand to pass on yesterday’s shock 1.5% interest rate cut to hard-up borrowers.
Tags: commercial loans, commercialloans, commercialloan, small business loans, small business commercial loan
