start up loan
[subscribe]Synovus expects to up loan loss provision $250M [Full Story]
Biz Journals Jan 2, 2009The second-largest Georgia-based bank said Friday it expects raise its loan loss reserves in the fourth quarter to cover bad loans, particularly in the Atlanta residential market. (SNV) Add A Comment »
Mother (and father), can you spare a dime? [Full Story]
CNN Money Jan 2, 2009I could not have bought my first house long ago without borrowing the down payment from Mom and Dad. Their loan got me started down the home-equity path, and it's paid dividends ever since. Add A Comment »
GM gets $4B loan, Chrysler waits [Full Story]
CNN Money Dec 31, 2008General Motors got the first $4 billion of a series of emergency loans from the U.S. Treasury Wednesday, but fellow struggling automaker Chrysler was still waiting as the new year rapidly approached. Add A Comment »
Will 2009 mark a resurgence for private equity? [Full Story]
Blogging Buyouts Dec 31, 20082008 was one of the worst years for private equity deal volume in awhile -- an abrupt end to the boom years marked by the high-profile bankruptcies of companies like Linens n' Things. But that could be changing: sort of. The number of bad deals of the past few years has led to a growth in "loan Add A Comment »
Coskata Uses Biofilm to Make Biofuel from Biomass [Full Story]
GreenTech Media Dec 31, 2008A recent DOE newsletter reported that the U.S. Department of Agriculture (USDA) is offering loan guarantees for commercial-scale plants producing advanced biofuels (i.e., biofuels produced from materials other than corn kernel starch). The article mentions that U.S. Sugar Corporation Add A Comment »
U.S. loan values decline 55% [Full Story]
Biz Journals Dec 31, 2008Loan issuance in the U.S. in 2008 dropped 55 percent, from $1.69 trillion to $764 billion, making it the slowest year since 1994, according to a quarterly survey released Tuesday by Thomsom Reuters Loan Pricing Corp. Add A Comment »
U.S. loan values drop 55 percent [Full Story]
Biz Journals Dec 31, 2008Loan issuance in the United States in 2008 dropped 55 percent, from $1.69 trillion to $764 billion, making it the slowest year since 1994, according to a quarterly survey released Tuesday by Thomsom Reuters Loan Pricing Corp. Add A Comment »
U.S. loan values drop 55% [Full Story]
Biz Journals Dec 30, 2008Loan issuance in the U.S. in 2008 dropped 55 percent, from $1.69 trillion to $764 billion, making it the slowest year since 1994, according to a quarterly survey released Tuesday by Thomsom Reuters Loan Pricing Corp. Add A Comment »
Wells Fargo cuts jobs as merger nears [Full Story]
Biz Journals Dec 30, 2008Wells Fargo Bank & Co. is cutting 53 jobs at its auto loan center in Tempe, Ariz., as result of the bank's pending merger with Wachovia Corp. Add A Comment »
First Financial boosts reserves to cover more bad loans [Full Story]
Biz Journals Dec 30, 2008First Financial Bancorp is boosting its fourth-quarter loan-loss reserve to cover higher-than-expected loan losses. Add A Comment »
Anheuser-Busch enters loan guarantees [Full Story]
Biz Journals Dec 30, 2008Anheuser-Busch Cos. Inc. recently entered certain guarantee agreements as part of a larger financial arrangement that gives members of parent company Anheuser-Busch InBev and its subsidiaries the benefit of the group’s credit rating, according to a company regulatory filing Tuesday. Add A Comment »
Wells Fargo cuts jobs as Wachovia merger nears [Full Story]
Biz Journals Dec 30, 2008Wells Fargo Bank & Co. is cutting 53 jobs at its auto loan center in Tempe as result of the bank's pending merger with Wachovia Corp. Add A Comment »
FHLB cuts back dividend, may take Alt-A hit [Full Story]
Biz Journals Dec 28, 2008The Federal Home Loan Bank of Boston — a key source of funds for hundreds of area lenders — recently took additional steps to preserve capital, a strong indication the bank is preparing to take a major loss on a $3.8 billion portfolio of investments backed by risky mortgages, industry experts Add A Comment »
Job loss pushed troubled borrower toward grant that saved her home [Full Story]
Biz Journals Dec 28, 2008Purity Snelling figured she'd done everything by the book - took out a fixed-rate loan for her first home, bought within her means and paid the mortgage on time. Add A Comment »
SBA loans slump [Full Story]
Biz Journals Dec 28, 2008Dr. Richard Ward earlier this year needed financing to buy a chiropractic practice, so he turned to a local bank for a Small Business Administration loan. Add A Comment »
Sirius XM Tries to Save Itself; Will Stock Sale Work? [Full Story]
Bnet Dec 24, 2008Sirius XM got approval from shareholders for a reverse stock split and now is working on a plan to issue over 108 million new shares of stock. The latest financial moves by Sirius are necessary, given a stock price that's a little over a dime a share, potential Nasdaq delisting, $193.6 million in Add A Comment »
New Action by Treasury and Federal Reserve Will Support Small Business Lending (Business Wire) [Full Story]
Yahoo Biz Dec 24, 2008WASHINGTON----Late last week, the Treasury Department and the Federal Reserve announced important details on how the Term Asset-Backed Securities Loan Facility will work. This announcement is good news for SBA lenders and secondary market stakeholders. Add A Comment »
MDC amends loan agreement [Full Story]
Biz Journals Dec 23, 2008Denver homebuilder MDC Holdings Inc. has amended a 2006 loan agreement headed by J.P. Morgan Chase Bank N.A., according to a Securities and Exchange Commission filing dated Dec. 22. (MDC) Add A Comment »
Applied Energetics Announces the Full-Value Conversion of $7.4 Million of Long-Term Auction-Rate Securities to Cash (Business Wire) [Full Story]
Yahoo Finance Dec 23, 2008TUCSON, Ariz.----Applied Energetics, Inc., , the Guided Energyâ?¢ Company, today announced that as of December 23, 2008, it has received the full $7.4 million in cash resulting from the par-value sales of its AAA-rated Student Loan Auction-Rate Securities . Add A Comment »
Xunlight gets $7M loan to work on rooftop thin-film lines [Full Story]
Venture Beat Dec 23, 2008Commercial rooftops sporting solar panels are becoming a familiar sight. But the technology used is still changing, with companies like thin-film panel maker Xunlight working to change the way big box retailers and others get their solar energy. Xunlight has just received an additional $7 million in Add A Comment »
