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Are US Banks Playing with Fire in the Commercial Loan Market?
smallbusinesscreditnews.com

As interest rates remain historically low, the biggest U.S. banks are seeing the need to increase the volume of lending to businesses. The dramatic uptick in commercial and industrial loans is adding significant risks for banks that have with fire in …

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Federal disaster loans available to businesses and homeowners hit by …
smallbusinesscreditnews.com

Low-interest federal disaster loans are now available to Oklahoma residents and business owners as a result of President Obama’s major disaster declaration, U. S. Small Business Administration (SBA) Administrator Karen G. Mills announced.

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Small-business Q&A: Review personal credit score when seeking loan
smallbusinesscreditnews.com

And just because you’ve had credit problems in the past doesn’t mean your small-business loan is doomed. SCORE Houston counselor Anil Prasad recommends explaining the problem and how you resolved it in your business plan, then being prepared to …

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New business loan incentives for veterans
smallbusinesscreditnews.com

The National Association of Development Companies launched a new loan incentive program for veteran-owned businesses during a conference in San Diego on Thursday. NADCO is the trade association for nonprofit companies certified to administer the …

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How to Improve Your Chances of Getting an SBA Loan
smallbusinesscreditnews.com

A banker will look at many factors when evaluating whether to grant you a loan, from your personal credit to the recent profitability of your business, so you’ll want to make sure you put your best foot forward on every front. Even small efforts, like …

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Tesla May Repay Government Loan Tomorrow, 9 Years Ahead Of Schedule
smallbusinesscreditnews.com

The $465 million loan was part of the DOE’s Advanced Technology Vehicles Manufacturing (ATVM) program, created by the 2007 Energy Independence and Security Act to allocate $25 billion to fund highly fuel-efficient vehicles. Tesla is not required to pay …

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SBA creates $475M loan program for vets
smallbusinesscreditnews.com

… will be available from 10 lenders in each of the SBA’s 10 regions across the country. The Jacksonville office of the SBA assists companies in Orange, Seminole and Lake counties, and the Miami office of the SBA assists those businesses in Osceola …

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Co-operative Bank stops offering new loans to businesses
smallbusinesscreditnews.com

Signs that the Co-operative Group could retrench from some parts of the financial services industry – at least temporarily – emerged on Friday when its banking arm pulled out of offering new loans to business clients. Ever since the mutual’s banking …

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