Tag Archives: Owners

Hudson small-business owners impacted by Sandy have loan opportunities …

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Hudson small-business owners impacted by Sandy have loan opportunities …
Many don't qualify for loans from the Small Business Administration and traditional banks that require businesses to demonstrate a excellent credit and a track record of making money. But there are lenders such as Intersect Fund and New Jersey Community …
Read more on The Jersey Journal – NJ.com

Are You Sticking With Expensive Financing Too Long?
For example, the S.B.A. program will require them to have all customer payments sent to a new post office box, and they are concerned about changing their customer-billing procedures. In addition, they are nervous about upsetting their current lenders.
Read more on New York Times (blog)

Community banks get bounce in Southern Nevada
SBA loans have become attractive to borrowers and banks. Meadows Bank has issued a number of SBA loans for gasoline stations and hotels. The 7(a) loans are for a maximum of $ 2 million, with SBA loan guarantee of no more than $ 1.5 million, or 75 …
Read more on Las Vegas Review – Journal

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 …
Read more on Fox Business

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 …
Read more on Bizjournals.com