Idaho Congressman Walt Minnick’s plan intended to help small banks making loans for commercial real estate “This will stabilize their balance sheets so they can both survive and again begin lending to the builders, developers, and small businesses who will create the new jobs required for our economy to recover,” Minnick said at the...
U.S. commercial real estate purchases may slump later this year as prices rise and lenders require buyers to put more cash into deals, said Inland Real Estate Group Inc. Vice Chairman Joe Cosenza. A “double-dip” in the commercial real estate market may come as soon as September when lenders “start seeing these high prices...
An expanded and renamed state program is offering interest-free loans of up to $20,000 to recently retired military service members who want to start businesses and to established small businesses that suffered due to the loss of essential employees called to military service, said state Sen. Claire Robling, R-Jordan, about a law passed during...
A report issued by commercial real estate firm states that Sacramento’s vacancy rate for office space is sitting at just above 20 percent, having fallen 0.4 percentage points since the start of the year. Roseville-based firm Cornish & Carey Commercial says that Grub & Ellis’ estimate is incorrect. According to their research, Sacramento’s office...
While small businesses may have a tough time getting a SBA-backed loan, the Federal Reserve is reporting that small businesses are not having problems getting credit cards. The report shows: About 75 percent of applicants in 2009 were approved for small business credit cards, according to the report . Even among businesses considered high-risk,...
Sam’s Club, a membership-only discount warehouse club, is now offering business loans to their small business members. Over half of Sam’s Club’s members are small businesses including convenience stores, restaurants, offices, daycares and schools,and motels. In May, Sam’s Club started testing a program where members could apply for a business loan. The idea: an...
Despite the “spin” the media and the Obama administration wants to use to make us think the economy is improving, although slowly, seven proven “sinful” indicators tell us otherwise. Investment analyst and author, Claus Vogt, spells them out for us: #1: The Economic Cycle Research Institute’s (ECRI) Weekly Leading Index There is an important...
Flood victims in West Virginia and Ohio can now apply for accepting disaster loan applications under the U.S. Small Business Administration (SBA). The agency in now accepting applications for homeowners, renters, business, ad private organizations of any size from a disaster declaration such as severe storms, flooding, mudslides, and landslides from June 12 through...
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