Author Archives: ipgocorp

Technology Credit Union Grows Its Commercial Lending Portfolio by $15 Million …

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Technology Credit Union Grows Its Commercial Lending Portfolio by Million …
SAN JOSE, CA–(Marketwire – Feb 21, 2013) – Technology Credit Union (Tech CU) kicked off the New Year with a bang, closing nearly $ 15 million in commercial real estate loans in the last month of 2012. The organization also finished the year with strong …
Read more on Marketwire (press release)

WND: Transitional lenders target Bakken
Wells Fargo was the top U.S. Small Business Administration lender in terms of dollars last year and John Giese, Wells Fargo regional banking business manager, says his institution often utilizes SBA loans for its Bakken clients because they offer …
Read more on Prairie Business

California bank entering the Houston market with loan office

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California bank entering the Houston market with loan office
That means the 14th most-active Small Business Administration lender in the U.S. is entering the Houston market. As of the fiscal year 2012, Seacoast has made 205 SBA loans and had a yucky approval amount of $ 135 million, according to the U.S. Small …
Read more on Houston Business Journal (blog)

WOJTOWICZ: Prepare, then apply for small-business loan
Among government-helped alternative programs, the U.S. Small Business Administration supported 1.3 million 504 and 7(a) loans in the first quarter of fiscal year 2013, an increase of 11 percent over the previous year. The average amount of those SBA …
Read more on Indianapolis Business Journal

Yadkin Valley reorganizes underwriting departments
A second unit, which specializes in underwriting small business loans (loans under $ 250,000, including SBA loans), is located in Monroe and will be called the bank's Small Business Banking Center. Yadkin Valley operates under the American Community …
Read more on Charlotte Business Journal (blog)

SBA Opens Disaster Loan Outreach Centers in Nicholas and Webster Counties …

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SBA Opens Disaster Loan Outreach Centers in Nicholas and Webster Counties …
ATLANTA, March 1, 2013 /PRNewswire-USNewswire/ — The U.S. Small Business Administration announced today the opening of two Disaster Loan Outreach Centers (DLOCs) in Nicholas and Webster counties in West Virginia. The centers will provide …
Read more on SYS-CON Media (press release)

5 Resources for Starting Your Business in March
The SBA is a government agency specifically geared towards assisting small businesses, entrepreneurs, and startups. The SBA runs a special loan program that guarantees small business loans made through banks, credit unions, and other lenders.
Read more on Resource Nation (blog)

Cochran co-sponsors bill streamlining SBA's response time
The bill would clarify that, for SBA disaster business loans less than $ 200,000, the SBA cannot use a business owner's primary residence as collateral if there are other suitable business assets available to use as collateral towards securing the loan.
Read more on Mississippi Business Journal (blog)