money

What’s not to like? SBA wants to spend less money, make more loans and cut its …
smallbusinesscreditnews.com

Not counting disaster loans, the SBA is asking for only $810 million in funding, a decrease of $109 million. The biggest reason for the budget cut is that the SBA now thinks it can back up to $23.8 billion in loans to small businesses next year with a …

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What if SBA runs out of loan money? House committee wants contingency plan
smallbusinesscreditnews.com

The committee also wants to know if the SBA has any plans to reprogram money from other areas of its budget in case there’s a shortfall in its business loan program account. It’s asked for answers to these questions by April 15. Government officials …

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Bailout Money Meant for Small Business Loans Went to Repay TARP Instead
smallbusinesscreditnews.com

A report issued Tuesday by the special inspector general for the Troubled Asset Relief Program says the bailed-out community banks didn’t step up their loans to small business nearly as much as other small banks that weren’t rescued. Some banks that …

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Can Bank Take My Money to Pay Car Loan?
smallbusinesscreditnews.com

There is one big exception: business accounts. If you have a business credit card or business loan (such as a Small Business Administration loan) with a bank and money in checking or savings account with that same bank, your money can be seized for …

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Buyers Find More Money, Lower Rates on Car Loans
smallbusinesscreditnews.com

Things are getting easier for consumers who want to buy a car, with lenders offering lower interest rates on car loans and allowing larger loan amounts, according to the latest data by Experian Automotive, which compared car loan activity in the fourth …

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