Latest Business Loan news:

The area student loan market is steady now, but student debt is likely to increase as tuition, other costs rise
The tremors that shook the student loan industry and had private lenders threatening to abandon the business have quieted, but students are now likely to have to borrow more for higher education, experts said.
Read more News Source - Chattanooga Times Free Press
Publish date - 04:19:11 07/20/08

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Anglo gave loan to Quinn ahead of share deal
20 July 2008 By Richard Curran and David Clerkin Anglo Irish Bank agreed a loan deal with Sean Quinn secured on a significant part of Quinn’s €3 billion business empire, two weeks before he announced plans to buy a 15 per cent stake in the bank, The Sunday Business Post has learned.
Read more News Source - Sunday Business Post
Publish date - 23:01:28 07/19/08

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ST. ANN: City caps number of payday loan companies
Now there are six, but at some point there will be no more than three high-interest, short-term loan companies operating in St. Ann.
Read more News Source - North County Journal
Publish date - 06:08:14 07/20/08

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Small-business briefs
Companies hit by hurricanes and other natural disasters will be able to draw down larger loans from the Small Business Administration. The Small Business Disaster Response and Land Improvement Act, enacted recently, increases the cap on disaster loans from $1.5 million to $2 million. In addition, eligible homes and businesses will be able to take out a $14,000 disaster loan without collateral. ...
Read more News Source - Miami Herald
Publish date - 20:12:52 07/18/08

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ENBD, Noor Islamic arrange $500m Enoc loan
20 July 2008 Emirates NBD and Noor Islamic Bank, acting as initial mandated lead arrangers and bookrunners, have arranged a $500 million (Dh1.84bn) syndicated Islamic loan facility for Enoc Supply and Trading (ESTC), a wholly-owned unit of Emirates National Oil Company Limited (Enoc).
Read more News Source - Zawya
Publish date - 07:27:22 07/20/08

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Some banks weren’t afraid to say ‘No’ Ron Bartizek Business Local
In the last banking crisis, which spanned a decade from the 1980s into the early 1990s, hundreds of savings and loan operators were trapped by their own greed after lending recklessly on the false premise that real estate prices had no limit.
Read more News Source - Times Leader
Publish date - 06:05:33 07/20/08

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BSN to attract more SMEs to take up micro financing loan
KUALA LUMPUR: Bank Simpanan Nasional Bhd (BSN) aims to attract more small and medium enterprises (SMEs) to take up its micro financing loan called Temaniaga.
Read more News Source - The Borneo Post
Publish date - 02:07:21 07/20/08

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When Scott Almeida walked out of federal prison and into the mortgage business, he took a gamble
When Scott Almeida walked out of federal prison and into the mortgage business, he took a gamble. He admitted on his license application that he had been convicted of cocaine trafficking.
Read more News Source - Miami Herald
Publish date - 07:23:59 07/20/08

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Najib urges banks not to withdraw loan, overdraft facilities
KUALA LUMPUR: The Government hopes that banks will not overreact and withdraw loan and overdraft facilities from businesses during these tough times. “The global economy is volatile at the moment and people are concerned about an impending recession and inflation.
Read more News Source - The Star
Publish date - 23:34:31 07/19/08

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Oman: Banks try to reach consensus on personal loan amount
MUSCAT -- Local banks are trying to reach a consensus on restricting maximum personal loan amount to an individual borrower to ease repayment burden of people. The move is expected to check excessive borrowing at a time when the cost of living is going up in view of inflationary pressures.
Read more News Source - Zawya
Publish date - 07:27:00 07/20/08

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New Plymouth business heading to Fruitland
Fruitland — At the beginning of next month, D&S Factors, LLC., an Idaho 75 company and sister enterprise to Internet Truckstop, LLC., New Plymouth, will have more space to work and an opportunity to grow after the purchase of the student loan building situated on U.S. Highway 95 just outside of Fruitland.
Read more News Source - Argus Observer
Publish date - 05:39:15 07/20/08

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Non-banks' home loan share shrinks
BIG banks are routing non-bank lenders in the battle for home loan market share, winning back large chunks of business once lost to their more nimble and cheaper competitors.
Read more News Source - The Australian
Publish date - 14:38:17 07/18/08

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Struggling back to the good life
Md. has a relatively low jobless rate, but that doesn't mean much to those who've lost ground E rin Triplett's life shifted in a flash. Within months, the mortgage loan officer earning six figures in commissions was out of work, scrambling to launch a small business from an Anne Arundel County townhouse shared with roommates.
Read more News Source - Baltimore Sun
Publish date - 07:51:48 07/20/08

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Durbin seeks cap on consumer loan interest rates
Proposed law would end rates higher than 36% U.S. Sen. Dick Durbin (D-Ill.) has taken aim at the high-interest-loan industry, introducing a bill proposing to cap rates charged for payday loans, car title loans and other forms of consumer credit at 36 percent annual interest.
Read more News Source - Chicago Tribune
Publish date - 16:20:55 07/19/08

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Profile: Immigrant turns entrepreneur loan into sweet business
LAS CRUCES — Silvia Terrazas came to Las Cruces in 1995 with some jewelry but no command of the English language.
Read more News Source - Las Cruces Sun-News
Publish date - 06:00:27 07/19/08

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