Tag Archives: Loan

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)

Bel Air approves loan for new cookie bakery on Main Street

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Bel Air approves loan for new cookie bakery on Main Street
The loan is the first approved under a new small business revolving loan fund the town government set up in the past year, using $ 75,000 in town funds and a $ 50,000 state community legacy grant. The revolving loan fund is designed to provide low cost …
Read more on Baltimore Sun (blog)

Fifth Third tops charts for loan, deposit growth
Fifth Third CEO Kevin Kabat said in a conference call last month to discuss fourth-quarter earnings that Fifth Third's efforts to focus on loan growth have paid off. It has hired several lenders, particularly to handle business loans. Its commercial …
Read more on Business Courier of Cincinnati (blog)

FirstMerit profits jump by 25 percent last quarter as commercial loans soar
FirstMerit Corp. today said fourth-quarter profits soared by 25 percent, thanks in part to a 65 percent jump in commercial loan production for the fourth quarter. The Akron bank also cited declining loan losses and shrinking expenses. The bank earned …
Read more on Plain Dealer

Factoring Loan Alternative Now Offered from Lenders Commercial Finance
Designed to help entrepreneurs overcome the limitations of traditional business loans, LCF loan programs can solve a number of business challenges – building out or acquiring the inventory needed to book and fill new orders, meeting outstanding …
Read more on PR Web (press release)