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Category Archives: Business Finance News
SBA Approves $1.6 Billion Loans to Small Businesses
In an effort to beef up the economy, the US Small Business Administration (SBA) said it has approved about $1.6 billion federal loans to startup and small companies during the last fiscal year. Continue reading
Small Businesses Find Financial Support from SBA
As large banks and other traditional financial institutions are imposing tighter credit standards, small businesses owners are seeking the assistance from government-supported Small Business Administration program. Continue reading
Posted in Business Finance News
Tagged micro, microlending, microloan, SBA, Small Bus, small business, Small Business Association
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Wells Fargo Tops SBA7 Lenders in 2010
Wells Fargo tops other lenders in terms of SBA 7(a) lending for two consecutive years. In 2009, the company was also able to extend more than $827 million in SBA 7(a) loans, making it the top choice for many small businesses in all 50 states. Continue reading
Pacific Continental Deploys Fraud Analytics Software vs. Online Attacks
Oregon-based Pacific Continental Bank has signed an agreement with Guardian Analytics for the use of its fraud analytics software designed to alert and to eliminate all suspicious online banking activity. Continue reading
Posted in Business Finance News
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Junior Bondholders to Absorb Anglo Irish’s $4.9B Losses
Following the devastating burst in Ireland’s property market bubble, Anglo Irish Bank has announced that it will make its junior bondholders to absorb majority of the $4.9 billion (3.5 billion euro) investment losses. Continue reading
Posted in Business Finance News
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Federal Regulators Close Seven US Banks
Federal regulators have closed down seven more banks in the United States following failures in its operations, bringing the total bank closures to 139 this year, reports told on Friday. Continue reading
Posted in Business Finance News
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ustralia’s SunCorp Bank Eyes WebEquity’s Lending Software
WebEquity Solutions LLC, a United States software company, on Thursday disclosed that Australia’s 5th largest listed bank SunCorp Bank will now be using its lending software, which is designed to streamline the entire loan application process. Continue reading
Posted in Business Finance News
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US Lenders in Talks with State Attorney Generals over Foreclosure Issues
Following a joint investigation by 50 US states over the issue of foreclosure malpractice, representatives and the legal counsels of the Bank of America and JP Morgan Chase have started talks with the respective states’ attorney generals to come up with a solution with the problem. Continue reading
Posted in Business Finance News
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