The former Countrywide Financial Corp. gave preferential loans to more than three dozen employees of Fannie Mae while the two giant housing enterprises were locked in an expanding, multi-billion dollar business relationship in subprime mortgages, documents show. Discounted mortgages written by Countrywide, once the nation’s largest subprime lender, were granted to a far wider group [...]
Business capital Articles
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Business Loan Program
The U.S. House on Thursday approved a small-business loan measure supported by Gov. Martin O’Malley (D) and state business Secretary Christian S. Johansson, who testified in its support last month. The legislation would provide additional funding to allow states to guarantee loans for small businesses that qualify. The national proposal is similar to a Maryland [...]
Debt Solutions
With the ever-rising costs of living, debts are something that piles up in our lives that are a major cause of stress. We often find ourselves in a quagmire of financial crisis when we try to extend our credit for the next month just to find out that we are again facing the same problem [...]
Small Business Loans
Many say the economy is improving, and experts say once frozen credit markets are beginning to thaw, but some small businesses are still having a tough time getting loans. The owners of Twilight Bistro are hoping to expand, but they said the market for loans is still tight. “They want as much assets as what [...]
Stimulus Bill-Small Business Loan News
The word is out that the new stimulus bill (American Recovery and Reinvestment Act of 2009) has a special provision creating a Federal government secondary market for SBA guaranteed loans. If you are a small business owner, will this loosen up my lender purse strings and allow some money to trickle down from the big [...]
Business Loans Rise
Small businesses at the Shore were approved for more loans at the end of last year, the U.S. Small Business Administration said Wednesday, in a sign that the tight credit standards may be thawing. Forty-nine Monmouth and Ocean county businesses received SBA-backed loans worth $18.1 million during the last three months of the year, up [...]