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Browsing posts in Credit
Capital vs. Confidence
From CFO.com: Capital vs. Confidence Banks say they want to lend to smaller companies, but credit remains tight. Is relief in sight? Alix Stuart, CFO Magazine Last September, Centennial Bank announced that the U.S. Treasury Department had granted it $1.8 million through the Small Business Lending Fund (SBLF). Jim Basey, Centennial chairman and CEO, says the […]
Small Business Needs a Break from Banks, Regulators
Before you get angry with your banker, you should look at the examiners and regulators to whom they answer. Here’s a call for a return to common sense in the world of finance. http://www.fwbusinesspress.com/display.php?id=12211
30-Day Extension of SBA Recovery Act
On March 2nd the President signed into law a temporary 30-day extension of the SBA Recovery Act provisions with a $60 million appropriation. The 30-day extension provides increased government guarantees and the elimination of fees on small business loans. http://www.whitehouse.gov/the-press-office/statement-president-obama-signing-ui-extension-bill Here are a few thoughts on the current state of government-backed financing: More and more […]
Lending Requirements and Credit Scores
Business owners and prospective business buyers need to be aware of recent changes in the banking environment. Whether it’s for an acquisition loan or line of credit on an existing business, lending requirements have changed significantly in the last year. The following link is to a Fort Worth Business Press article describing some of these […]
