Category Archives: Commercial Loans

Business Owners Given Grant Money With Sandy-Recovery Loans

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Business Owners Given Grant Money With Sandy-Recovery Loans
He reached out to nonprofit micro lender Accion, who provided him with a $ 10,000 Sandy Recovery Business Loan, as a part of the lenders' new effort, along with a $ 1,500 grant to build back the momentum he lost during the storm. Paul Quintero, CEO of …
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Three ex-Pierce Commercial Bank loan processors sentenced
Three former employees of Pierce Commercial Bank in Tacoma received prison sentences Wednesday for their roles in a mortgage fraud scheme. Fake loans contributed to loan defaults and a Pierce Commercial Bank loss of more than $ 10 million. The bank …
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Lastest Commercial Loans News

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Business at the cliff
On Tuesday, the voters spoke. On Wednesday and Thursday, investors took a turn. And their concern about the fiscal cliff place financial markets on the defensive. The Dow Jones industrial average dropped 434 points — more than 3 percent. Over the past …
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Sandy's small business victims: We don't want loans!
Over and over, city representatives repeated one word: loans. The U.S. Small Business Administration offers low-interest disaster loans of up to $ 2 million over terms as long as 30 years. The loans are financed directly by the government and capped at …
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5 Tips for Securing Your Small Business Loan
As long as you are prepared and have done the research ahead of time, getting a small business loan does not need to be a stressful or hard task. Here are a few tips to improve your chances of securing your loan and beginning your small business.
Read more on Resource Nation (blog)

Loan charge-offs mar TCF results

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Loan charge-offs mar TCF results
The bank's quarterly results also were affected by setting aside more money to more aggressively address souring commercial loans. "As we previously said, 2012 was going to be a reinvention restructuring year for TCF, and indeed that is what has turned …
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Helping Businesses and Banks Hook Up
So Kular, a former accountant at Ernst & Young, turned to Biz2Credit, an online marketplace that matches small businesses with lenders. Since 2009 the New York City-based startup has helped Kular's outfit land more than $ 4 million in commercial loans …
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