Archive for January, 2012
Security Business Bancorp Achieves Growth in Loans and Total Assets
SAN DIEGO–(BUSINESS WIRE)– Security Business Bancorp (OTCBB:SBBC.OB – News) and its operating subsidiary, Security Business Bank of San Diego, today reported its unaudited 2011 fourth-quarter and annual financial results. As of December 31, the company grew loans to $182.0 million (a 5.1 percent rise in growth year over year) and assets to $233.4 million (a [...]
Sears shares fall on news that CIT will again stop providing loans
CIT Group will again stop providing loans to suppliers of Hoffman Estates-based Sears Holdings Corp. after Tuesday as the business lender awaits more information on the retailer’s financial health, two retail sources told Reuters on Monday. Shares of Sears fell 5 percent in morning trading on the news. CIT is keeping the operator of Sears [...]
Mass. sets up $1M loan fund for fishermen
(AP) BOSTON — Massachusetts on Tuesday announced that it has set up a $1 million loan fund to help the dwindling number of fishermen with smaller businesses buy the rights to catch more fish. The new Commercial Fisheries Revolving Loan Fund aims to help fishermen struggling after 2010′s transition to a new management system in [...]
Small biz loan demand up, Federal Reserve says
NEW YORK (CNNMoney) — A growing portion of the nation’s banks saw a spike in demand for loans to smaller firms late last year, according to the latest Federal Reserve figures. Despite the uptick, nearly all banks surveyed kept their credit standards or loan terms the same. The survey, which used responses from senior loan [...]
3 Tips For Using Payday Loans
The United States economy is at the mercy of several conflicting factors at present, especially when you consider that unemployment continues to trend downwards while poverty has increased dramatically in numerous states nationwide. While the rising cost of living is undoubtedly an influencing factor, the situation is further exacerbated by an increasing level of consumer [...]
Instant money loans: Payday loan firms are ruining lives
By Ruth Lythe Last updated at 12:57 AM on 31st January 2012 Look through the window of the smart, bright new shop on Walthamstow High Street in East London and you could be mistaken for thinking it was the waiting room of a hair salon, an estate agent or even a cafe. Around a coffee [...]
Bashing Payday Lenders
One irony of the Pelosi Congress’s rush to punish banks and other financial institutions is that it has raised the price of credit for everyone, especially the poor. Now Democrats may hurt those same low-income earners again by limiting one of their few remaining sources of credit: payday lending. Payday shops lend between $100 and [...]
Mo. groups focus on payday loans, minimum wage
COLUMBIA, Mo. (AP) — Two Missouri organizations are working together to push ballot measures seeking to cap payday loan interest rates and increase the state minimum wage. Missourians for Responsible Lending and Give Missourians A Raise kicked off the two initiative petition campaigns at a joint event Saturday at the Boone County Commission Chambers. The [...]
IBRC says talks about wealth management loans
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Demand for Small Business Loans Most Since 2005
Posted by: John Tozzi on January 30, 2012 Banks reported the greatest increase in demand for loans from small companies since 2005, the according to the Federal Reserve’s survey of senior loan officers out today. That may be good news for job growth later in the year. From Bloomberg News: While business demand for borrowing [...]