U.S. Small Business Administration (SBA) lending in Connecticut has released the loan volume report through April 2010, representing seven months of the fiscal year, and indicated Fairfield County Bank finished in the top two for banks in 7a and 504 loans. As of April 30, Fairfield County Bank has made 27 SBA 7a loans...
Eight to 10 times a month, an experienced real estate investor calls or walks into the Wheat Ridge office of Pine Financial hoping to borrow money and walks away with a check. At least as often, inquiries come from newbie or wannabe investors pondering the purchase of a fix-up property. When they ask about...
After two years of recession, lenders started easing up last year, making more money available, and cheaply. But since May 1, lenders have gone conservative, matching the careful mood of consumers. “If this persists, we’re going to have greater risk for another round of economic problems,” according to Guy LeBas, bond strategist for Janney...
President Barack Obama urged passage of his proposals to stimulate hiring by small businesses through tax credits and lending incentives, arguing that similar measures are partly responsible for the economic recovery over the last few months. Small businesses have historically been responsible for 2 out of every 3 new jobs created in the U.S.,...
Local financial support of Koochiching County’s Small Business Development Center is paying dividends for the community, and those dividends can be measured in new loan activity and clients. Kudos to the International Falls City Council and Koochiching Development Authority for having the wisdom to provide funding to the Koochiching Economic Development Authority, which in...
Many states are acknowledging this year that they have promised pensions they cannot afford and are cutting once-sacrosanct benefits, to appease taxpayers and attack budget deficits Illinois raised its retirement age to 67, the highest of any state, and capped public pensions at $106,800 a year. Arizona, New York, Missouri and Mississippi will make...
A microloan, historically, is a small loan of less than $35,000 for a start-up or newly established company that doesn’t yet qualify for a traditional business loan. Microlenders—often, nonprofit community groups—sometimes stipulate that business owners complete training or fulfill business planning requirements before funds are distributed. Microloans have a few drawbacks, including the fact...
President Barack Obama over the weekend sought to stiffen the spine of lawmakers skeptical about additional job-creation programs, painting them as emergency measures without which the economic recovery cannot take hold. In a letter to congressional leaders, Obama came out strongly for spending provisions such as the small-business loan fund, small-business tax breaks and...
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