small business financing

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Latest blogosphere posts tagged “small business financing”

  • Fed Survey Shows Bank Credit Standards Stabilizing


    The New Entrepreneur - BusinessWeekAuthority Authority: 125
    Most banks kept credit standards for commercial loans to small businesses (under $50 million in sales) the same over the last three months, while a handful further tightened credit, according to the latest quarterly survey of senior loan officers from the Fed. ( PDF here .) The last report in August seemed to show ...
    1 day ago
  • Advanta Files For Chapter 11 Bankruptcy


    The New Entrepreneur - BusinessWeekAuthority Authority: 125
    Advanta Corp., once one of the largest credit card lenders to small businesses, filed to reorganize under Chapter 11 bankruptcy protection Sunday night. The Spring House (Pa.) companys main operation that issued credit cards, Advanta Bank Corp, is not part of the filing. But Advanta said that unit doesnt have the ...
    1 day ago
  • Embattled CIT Group Files For Bankruptcy


    The New Entrepreneur - BusinessWeekAuthority Authority: 125
    After several months of twists and turns in an effort to avoid bankruptcy, on Sunday CIT Group put an end to its ongoing saga and indeed filed for a prepackaged bankruptcy plan. Under the plan, the 101-year-old lender will end the year out of court protection and under the control of its debt holders. The company ...
    1 week ago
  • Pelosi Statement on House Passage of Small Businesses Financing ...


    Business Finance & Economy - business.marc8.comAuthority Authority: 163
    Washington (PRESS RELEASE – October 31, 2009) — Speaker Nancy Pelosi issued the following statement today following the House passage of the Small Business Financing and Investment Act. The legislation will comprehensively reform small business lending programs to spur job creation and meet the needs of American ...
    1 week ago
  • Icahn Outlines His Plans for CIT


    The New Entrepreneur - BusinessWeekAuthority Authority: 125
    After announcing a $6 billion loan offer to ailing CIT, Carl Icahn, one of the firm’s bondholders and a longtime corporate rattler, has begun putting a fine point on his plans for the struggling lender. Icahn, who has denounced CIT’s management and its restructuring plan as unfair to small bondholders, said ...
    1 week ago
  • Can Carl Icahns $6 Billion Offer Save CIT?


    The New Entrepreneur - BusinessWeekAuthority Authority: 125
    Here comes another turn in the ongoing saga of embattled CIT Group: billionaire investor and corporate rattler Carl Icahn, a CIT bondholder, sent a letter to the company’s board of directors today offering a $6 billion loan. According to the AP , Icahn said his loan would save the company $150 million in fees ...
    3 weeks ago
  • Commercial Finance Malpractice


    Little SmarterAuthority Authority: 127
    business financing is becoming more difficult as well as increasingly important~The need to avoid malpractice for small business loans has become both more important and difficult at the same time~The process of avoiding malpractice for small business financing has simultaneously become more important and ...
    3 weeks ago
  • CIT’s Peek Steps Down


    The New Entrepreneur - BusinessWeekAuthority Authority: 125
    Barely a month ago embattled CIT Group, a New York commercial lender that provides funding to some 1 million small and medium-sized businesses astonished many when it announced that it had extended the contract of its CEO Jeffrey Peek until September 2, 2010. On Tuesday, the company made another startling ...
    4 weeks ago
  • Negotiating Interchange Fees: One Merchants Story


    The New Entrepreneur - BusinessWeekAuthority Authority: 125
    We asked for tips last week on how your business deals with high interchange fees on accepting credit card payments. Opponents of laws to regulate interchange fees say, among other things, that merchants can already negotiate with their banks to lower the cost of accepting credit cards. A reader named Michelle said ...
    4 weeks ago

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