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Slight increase seen in small business loan approval rates

Loan approval rates continue to rise slowly, but “still far from pre-pandemic highs”, according to Biz2Credit CEO Rohit Arora. Biz2Credit is an online lending platform and publishes monthly loan approval rate reports. The report is based on loan applications from 1,000 small business owners. The report includes loan approval rates through April 2022. Small business […]

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Self-Storage Financing: Loan Options for Small Businesses

What is self storage financing used for? Self-storage businesses often generate reliable and profitable revenue streams. They can also enable valuable tax advantages such as capital cost allowances and cost separation strategies. Nonetheless, running a self-storage business can be financially challenging, especially if your cash flow is tight. Enter: Self storage financing. These loans can […]

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Essential Steps to Getting a Small Business Loan

Starting a small business is very different from what its name might suggest. From product development to advertising, there are more demands of a small business owner than they can possibly keep up with. One of the most important of these is the financing component of the business. Without proper and sufficient financial support, even […]

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Enova doubles number of small business loans year over year

Enova’s small business lending arm, powered primarily by OnDeck, generated $659 million in the first quarter of 2022. This was more than double the volume from the same period in 2021 and a 14% sequential increase from compared to the fourth quarter of 2021. Overall, Enova reported first-quarter net income of $52 […]

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North Central Chamber Launches $5,000 Quick Business Loan Program

The North Central Massachusetts Chamber of Commerce announced Monday that its economic development affiliate, the North Central Massachusetts Development Corp., is launching a new small business loan program. Known as the Funding and Support Loans Program, or FASTrack, it provides loans of up to $5,000 and makes decisions on applicants within two business days of […]

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YWCA Tulsa launches small business loan program for women

The YCWA of Tulsa is launching a small business start-up loan program for women business owners. The group also held a networking event at the Patti Johnson Wilson Center for Women to learn more about the program on Saturday. Related story: YWCA Tulsa offers new program to help women entrepreneurs Four local businesswomen shared their […]

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Teachers Credit Union enhances business loan offerings with SBA partnership • Northwest Indiana Business Magazine

Teachers Credit Union has expanded its business loan offerings. The South Bend-based lender announced it has partnered with the Small Business Administration, which designated the credit union as an SBA lender. The partnership provides TCU with a wider selection of commercial loans to offer to entrepreneurs and small business owners. “We are thrilled to welcome […]

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How to Apply for a First National Bank FNB Business Loan for South Africans

How to Apply for a First National Bank FNB Business Loan for South Africans In today’s Npower Focus Group Business Finance Advice, we discuss how to apply for a First National Bank FNB business loan for South Africans to grow and grow your business. So let’s get straight to the point! FNB is South Africa’s […]

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Mango links business loans to sustainability goals

// Mango has added sustainability goals to its business loan repayment terms // Fashion retailer will refund less if it meets goals like using 100% sustainable cotton Fashion retailer Mango has added sustainability criteria to its business loan terms for the first time. When extending the repayment date of its main syndicated loan until 2028, […]

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3 business loan myths busted

THERE IS a very common myth among Filipinos that if a business borrows money, it means the business is failing. “Maraming utang ‘yan”, some will say. But in reality, the businesses that get loans are actually the most profitable! After all, banks and other lenders also need to make money, and the only way to […]

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Small Business Loan Market to Witness Huge Growth by 2027

The small business loan market could set a new growth story This press release was originally distributed by SBWire New Jersey, USA – (SBWIRE) – 04/12/2022 – A small business loan, also known as a commercial loan, is a loan product designed specifically for investing in a business. Small business loans meet the urgent needs […]

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Local banks could help bolster black business loan program

Everyone loves a story with a happy ending. Unfortunately, when it comes to a state-sponsored program to provide loans to Black-owned businesses, I don’t think we’re there yet. A few weeks ago, I wrote a column about the Black Business Loan Program, administered by the state Department of Economic Opportunity. The program, which has been […]

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UK government seeks to make Covid business loan scheme permanent

UK government officials are in talks with UK bankers to provide a permanent replacement for the various schemes that have helped banks lend to struggling businesses during the pandemic. According to several people familiar with the talks, officials from the Department for Business, Energy and Industrial Strategy have been polling bank executives to get their […]

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Iacono joins First Northern Bank’s agricultural business lending team

Tanya Iacono has joined her agricultural business lending team as Vice President/Commercial Lending Officer for First National Bank in Dixon. DIXON — Tanya Iacono has joined its agricultural business lending team as vice president and head of commercial lending, First Northern Bank announced. She served as the Commercial Relations Manager for Citizens Business Bank in […]

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OPINION: How New Age NBFCs are Changing the Small Business Lending Landscape in India

As of March 2021, the total loan market size in India stood at ₹156.9 lakh crore, registering growth of around 100% from FY2017 to FY2021. each contribute 49% of total loans in India while microfinance contributes about 2%. In recent years, there have been commendable targeted policy initiatives such as Jan Dhan Yojana, Mudra Yojana […]

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3 tips before taking out your first business loan

With the gradual easing of Covid-19 restrictions across the UK, you may be considering taking on some form of debt to fund your business goals. Here are three tips to consider before taking out your first business loan. 1. Ask – “What is debt for?” Any debt must eventually be repaid and comes with a […]

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Small business loan funding jumped 27% in 2021: report

Small business financing increased in 2021, with the average loan size exceeding $700,000, according to Business.org’s State of Small Business Financing report. (iStock) The number of small business applications jumped in 2021, and with that, applications for small business loans also increased, according to a new report from Business.org. Small business loan applications jumped 24 […]

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Tips for getting a business loan

Illustration by Mohamed Hassan/Pixabay. At some point, most small business owners will go to a bank or other lending institution to borrow money. Understanding what the lender wants and how to approach it correctly can mean the difference between getting a loan or not. Understand the basics form the bank It is essential to present […]

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Funding Circle and Pitney Bowes Announce Small Business Lending Partnership

Funding Circle, the online small business lending platform, has partnered with Pitney Bowes, a global shipping and courier services provider, to provide more affordable small business loans. Under the partnership, Funding Circle’s technology and machine learning platform will combine with Pitney Bowes’ logistics and financial services. Pitney Bowes and Funding Circle Small Business Loan Partnership […]

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Small Business Loan Options in DC

Small business owners from both sides of the District of Columbia flock to the city because of its warm welcome. With so many resources in Maryland and Virginia for small businesses, you’re set for success right from the start. How a Small Business Loan Can Help Your DC Business There are a number of lenders […]

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Small Business Loan Options in Wyoming

Entrepreneurs in the state of Wyoming may not know that they have powerful partners and business resources in the Cowboy State. Whether you’re looking for working capital to help grow your business or need someone to brainstorm, there are plenty of resources to help. How a Small Business Loan Can Help Your Wyoming Business Let’s […]

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2,01,863 proposals of Rs. 39,580 crore in BUSINESS LOAN category disbursed through psbloansin59minutes.com portal

17,791 proposals worth Rs. 1,689 crore in the RETAIL LOAN category disbursed through the portal Since the inception of the psbloansin59minutes.com portal on 25.9.2018, till 28.2.2022, 2,01,863 proposals amounting to Rs. at Rs. 1,689 crore was disbursed in the retail lending category. This was stated by the Union Minister of State for Finance, Dr Bhagwat […]

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The small business loan market is booming worldwide

“Global Small Business Loan Market Research Report 2022”This research report offers Covid-19 outbreak study accumulated to offer the latest information about the acute characteristics of the Small Business Loans Market. This intelligence report includes investigations based on Current scenarios, historical records and future predictions. The report contains different market forecasts related to the market size, […]

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Avoid These Mistakes on Your Business Loan Application and Increase Your Chances of Approval

Access to affordable capital is essential to running a small business. Still, the business loan application process can be daunting — and approval isn’t a sure thing, even if you have good credentials. According to the Federal Reserve’s 2021 Small Business Credit Survey, 12% of businesses that needed financing but chose not to apply did […]

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Unibank offers a “special” commercial loan at 8.5%

Unibank has announced a new product for entrepreneurs. A “special” business loan can be obtained in Armenian drams or US dollars for up to 60 months. Special is provided for business purposes or to refinance loans in other banks. The client can get up to 250 million AMD or 500,000 USD. When applying for a […]

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Rise in small business loan fraud blamed on pandemic

Loan fraud among small and medium-sized businesses has increased by 6.9% since 2020. More than a third of the growth in small and medium-sized business loan fraud is attributed to the pandemic. This is one of the key findings of the LexisNexis Risk Solutions Small and Medium Enterprise (SME) Loan Fraud Study. Rise in small […]

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Utah Commercial Business Loan Broker, Monarch Commercial Capital Advocates for Clients Nationwide

Salt Lake City, Utah- The days of searching for the right commercial real estate financing and SBA loans are over. Now business owners are finding a broker that works for them and helps them find the right loan for their situation. This way, many business owners are able to find the best deals that feel […]

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City women and ‘full steam’ minority business loan program with operational tweaks – Reuters

SALISBURY — After a month-long hiatus, the city’s partnership with the Kiva micro-loan program for women and minority-owned business owners is now in full steam with tweaks to how the model will operate in Salisbury. Salisbury City Council has suspended the no-cost, no-interest micro-loan scheme to iron out communication and organizational issues. Kiva is a […]

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Looking Ahead: How a Business Loan Can Help Prepare for Future Growth | farm online

Story in partnership with Savvy. One of the keys to business success is that even in good times, you never stop investing in your business and planning for the future. With heightened optimism in many parts of Australia at the moment, many small businesses are recognizing that now is the perfect time to put this […]

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Commercial loan for EV charging station

India is projected to be the third largest automotive industry by 2030. India has huge renewable energy resources and skilled manpower in manufacturing and technology sectors. And therefore, shifting the focus to electric vehicles (EVs) will increase resources. According to research studies by the Center for Energy Finance, it is expected to create a market […]

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Winchester man found guilty of COVID small business loan wire fraud, tried for more than $13 million

A Winchester man has been found guilty of fraudulently soliciting more than $13 million in forgivable loans for small businesses battling the COVID-19 pandemic. Elijah Majak Buoi, 40, was arrested and charged with four counts of wire fraud and one count of misrepresentation to a financial institution in June 2020 and indicted by a federal […]

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3 business loan application mistakes and how to avoid them

AAccess to affordable capital is essential to running a small business. Still, the business loan application process can be daunting — and approval isn’t a sure thing, even if you have good credentials. According to the Federal Reserve’s 2021 Small Business Credit Survey, 12% of businesses that needed financing but chose not to apply did […]

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ANZ lifts floating rates on personal and business loans, warns of more hikes to come

Business 23 Feb 2022 22:503 minute read ANZ will increase its floating home and commercial loans. Photo / Steven McNicholl ANZ will raise interest rates on its floating and flexible home and business loans as the first major bank to act following yesterday’s rise in the official exchange rate. The Reserve Bank raised the OCR […]

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Beware of commercial loan sharks

Running a small business is tough at the best of times, and the COVID-19 pandemic has certainly hit small businesses particularly hard. Near the top of the list for entrepreneurs is the need for capital and especially business loans in times of stress or expansion. In recent years, a plethora of new non-bank loan products […]

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Should you take out a business loan to deal with inflation? – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Small businesses across the country have faced many challenges over the past few years. And now, in addition to Covid-19 and supply chain issues, inflation is taking its toll on small business […]

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7 Ways to Get a Small Business Loan With Bad Credit

Having trouble getting a loan because of bad credit? If so, then don’t worry. There are ways to get a loan even if you have bad credit. Bad credit means you’ve had problems paying bills or repaying loans in the past. This usually happens due to late payments, defaults, bankruptcies, etc. However, with proper research, […]

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Harbor Bank and Cerebro Capital commit $50 million to small business lending program

Harbor Bank of Maryland on Wednesday announced a partnership with Cerebro Capital, a commercial lending marketplace, to provide $50 million in loans to small businesses in the Baltimore-Washington metro area. The program, which will provide loans of up to $2 million, aims to increase access to capital for minority-owned businesses, which have traditionally been underserved […]

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Fort Bend County Small Business Loan Program Nears Approval

Eligible businesses must have been significantly impacted by the pandemic or be a new business that will contribute to the county’s economic recovery. (Courtesy of Fotolia) $2 million will potentially be available for small businesses in Fort Bend County that have been impacted by the COVID-19 pandemic through the Regional Revolving Loan Program. The program […]

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Ways to Get a Small Business Loan

Small business loans are easier than ever to access. You can obtain financing from a traditional bank or an online lender, and there are several options to choose from. However, navigating the loan process from start to finish can be difficult as you will need to find the best lender and the best loan product […]

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Here’s how to get a business loan in Bangalore in 24 hours

Financial aid acts as a perfect growth catalyst for micro-small and medium-sized enterprises (MSMEs). Acquiring the necessary funds at the right time can help small business owners meet short-term obligations, expedite renovations, invest in equipment upgrades, manage inventory, and more. Considered the startup capital of India, Bangalore has one of the best entrepreneurial ecosystems in […]

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How much collateral is needed for a business loan? – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. When researching how to get a business loan, you’re sure to come across a common term: collateral. Collateral is a common business loan requirement, but it is not necessary with all types […]

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New commercial loan available for parts of NEMO

HANNIBAL (WGEM) – Economic development officials are working to grow businesses in Marion and Ralls County. They were approved earlier this week to provide some of the money needed to make it happen. Hannibal Industrial Development Co. is working with Hannibal Regional Economic Development Corporation to launch a new revolving loan program. The goal is […]

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Port Authority Approves Pilot Business Loan Program | News, Sports, Jobs

LISBON — Local businesses that need a bit more capital to complete a project could potentially benefit from a loan program being considered by the Port Authority of Columbiana County. The council has approved a request from Port Authority executive director Penny Traina to develop a pilot business loan scheme, which she says could be […]

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Fintechs merge to combine consumer and business lending technologies for banks

Two banking technology providers are merging to create a single company that helps banks provide digital loans and open accounts for consumers and small businesses. Based in Chicago Quantitya spin-off from fintech lender Avant, helps banks such as Barclays, Regions Financial and TD Bank are digitizing account opening, loan applications, credit card applications and more […]

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How To Get A Cashless Business Loan – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Starting a business can feel like a Catch-22. Indeed, in most industries, you cannot start operations without significant start-up capital. Unless generous investors back your business, you will need to take out […]

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Industrial & Commercial Bank of China Limited, MUFG Bank Ltd. – The Oxford Spokesperson

UK,MR Accuracy Reports the reports provide many Business loan assessments taking into account the importance and projections and provide detailed and strategic identification of data on lifestyle choices and effective in providing a high degree of industrial clarity. It gives an actual summary of the existing business model which includes authentic evaluations of market revenue […]

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Dos and Don’ts for Small Business Loans | Business

You have successfully gathered your documents and information, completed your application, and been approved for a small business loan. Good work! So what comes next? A business loan opens up the opportunity to grow and grow your business. At the same time, since your financial situation has changed, it is important to take the time […]

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Liberty launches express business loan product

Liberty Express joins an existing suite of comprehensive, low-documentation business solutions designed to suit self-employed clients who may not have the standard documents or financial information needed for a traditional loan application. This latest offering also reflects Liberty’s view that personal work and lifestyle choices should not limit your financial and investment options. By taking […]

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NI Small Business Loan Fund makes £4.3m available to Co Antrim businesses

Shay Mullan, Director, Tom & Ollie, William McCulla, Corporate Finance Director of Invest NI, Fergal Green, Director, Tom & Ollie and Ulster Community Finance Ltd Managing Director Dónal Traynor. Belfast-based artisan food production company Tom & Ollie is one of 191 businesses in County Antrim to receive support from the Northern Ireland Small Business Loan […]

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How to Find the Right Business Loan Providers in Maryland

Getting a business loan in 2022 is easier than ever. No more filling out endless forms to apply for a business loan or even to leave your home. Instead, you can just go online and start a short app right away. This is certainly a good development, but it also allows unscrupulous lenders to provide […]

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Government to disburse 50 billion rupees to youths under business loan schemes this year: Usman Dar

ISLAMABAD – Special Assistant to the Prime Minister for Youth Affairs Usman Dar said on Saturday that 2022 will be celebrated as a year of youth in which the goals of the Kamyab Jawan program will be achieved to empower them. He said steps were being taken to make young people financially strong. He praised […]

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Business Loan Qualifications: How to Qualify for Financing

Getting a small business loan can be overwhelming and sometimes frustrating. Understand what is required to qualify for a business loan to facilitate the process of applying for and obtaining business financing. Most small business financing is based on three main criteria: income, credit, and time in business. Depending on the lender and type of […]

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The benefits of a small business loan

A colleague or friend may have told you that you should take out a small business loan, but you’re not entirely convinced. After all, you will be incurring a debt that will need to be repaid. So why would you want to take out a loan for your business? Benefits of Small Business Loans Small […]

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Why small business loan approval rates are climbing at a snail’s pace

Although approval percentages at banks and non-bank lenders (institutional lenders, alternative lenders and others) have increased steadily over the past 12 months, the rebound in small business lending has been far from robust. Bank safe. (Photo by Dick Whittington Studio / Corbis via Getty Images) Corbis via Getty Images Small business loan approval percentages at […]

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Top 5 Government Business Loan Programs in India in 2022

The Government of India (GOI) initiates various programs and policies to bring about change in the economic situation of the country. The factors related to the futuristic approach of various companies must be secured and supported by financial assistance from the government itself. Finance is the main reason that any type of business, whether large […]

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Long-term commercial loan options for small businesses

Smart business owners know they can do more with a little extra working capital. And when they don’t have the extra money available, they take out small business loans. Sounds simple, doesn’t it? There are actually many types of business loans out there, so finding the one that’s right for you requires doing your homework. […]

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Small business loan manager moves away from PPP

Newity, a company set up to buy and manage Paycheck Protection Program loans, always knew it would have to pivot its business model once the PPP business started winding down. He is now launching a national 7(a) small business administration company. The company began building an online lending platform in May – the same month […]

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Salem Man Pleads Guilty to Small Business Loan Fraud and Fraudulent Tax Filing | USAO-MA

BOSTON – A man from Salem pleaded guilty today in federal court in Boston to two fraud schemes involving COVID-19 relief funds and tax returns for other people. Roosevelt Fernandez, 42, pleaded guilty to two counts of wire fraud and one count of aggravated identity theft. U.S. District Court Judge Richard Stearns set the sentence […]

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Business loan: the 5 crucial questions before applying

Business Loan: Top 5 Crucial Questions Before Applying A business loan is the first thing that comes to mind; after a long and sincere attempt to come up with an achievable marketable strategy, the last element in getting the job done is subsidy. Despite the fact that there is nothing wrong with this idea, there […]

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Why was my business loan application rejected? – Rochester Minnesota news, weather, sports

For business owners, it’s a terrifying situation: You were going to get that business loan, but the bank turned it down. Over the past few months, several small business CEOs have struggled to get their business loan applications approved and have asked for help. Sharita Humphrey is an award-winning finance expert and financial mentor. She […]

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Fischer announces expanded eligibility for small business loans

LOUISVILLE, Ky. (WAVE) – The City of Louisville is expanding eligibility for two of its business loan programs. The board of directors of METCO, which oversees all of the Louisville Metropolitan Government’s small business loan programs, has approved the expansion of the business accelerator and commercial renovation loan programs – the Accelerator Loan d Jefferson […]

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Wichita to expand underprivileged small business loan program

Downtown Wichita skyline with the Arkansas River in the foreground. (September 27, 2021) Jaime Green The Wichita Eagle A $ 100,000 donation from Intrust Bank will allow the city of Wichita to expand its microcredit program for disadvantaged entrepreneurs into a city-wide initiative in 2022. The program was rolled out in May with a strong […]

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How to refinance a business loan in 5 steps – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. There are many reasons you might want to refinance a business loan. For example, if interest rates have fallen since you took out your original loan, you are in a better position […]

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FSE appointed to manage business loan funds

X Sign up for free to receive the latest news straight to your inbox Register Finance Yorkshire has appointed The FSE Group to manage two streams of investment in corporate loans. The appointment follows the announcement of a new fund from Finance Yorkshire to support business growth in the region. Investments are available for eligible […]

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Top 10 Business Loan Programs For Women Entrepreneurs In India

Top 10 Business Loan Programs For Women Entrepreneurs In India Do you own a business as a woman? Would you like to finance the start-up or expansion of your business with a business loan? Read this article to learn more about the business loan programs for women offered by various financial institutions. Women entrepreneurs primarily […]

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How Long Can You Get A Business Loan?

Whether you are an established business borrowing for growth, a new business looking for seed funding, your main concern when borrowing money is probably, “Can I afford it?” The repayment period will be a major factor in determining your payment amount, and you might also be wondering how long you can get a business loan […]

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GBC Secures Small Business Loan – The Daily Reporter

GREENFIELD – Greenfield Banking Company was named Indiana Small Business Lender of the Year for 2021. The award was presented by the Indiana Statewide Certified Development Corporation and is for loans made by GBC to small business owners using the US Small Business Administration’s 504 loan program. Christy Smith and Laura Nance are the GBC […]

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New legislation would simplify the EIDL loan application process for small businesses

The Streamlining EIDL Act is a bipartisan bill introduced in the United States Senate to improve the Economic Disaster Lending (EIDL) application process as well as to combat program fraud. The goal is to simplify the process so that small businesses can get their requests answered quickly and efficiently. New legislation would simplify the EIDL […]

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Risch, Hickenlooper Introduce Bill to Improve Small Business Loan Program – News Releases

WASHINGTON – Today, U.S. Senators Jim Risch (R-Idaho) and John Hickenlooper (D-Colo.) Introduced the bipartisan EIDL Streamlining Act to improve the economic disaster loan (EIDL) application process for small businesses and fight programmatic fraud. The legislation will require the Small Business Administration (SBA) to provide timely and meaningful responses to small business applicants and submit […]

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When to choose invoice financing over a business loan

For new and established businesses, managing cash flow can be a challenge. And if customers get into the habit of delaying payment, you may find yourself stuck as a business if you don’t run into other issues later. Invoice financing works around this problem by allowing you to borrow against the value of unpaid invoices. […]

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Norwalk to launch small business loan program with ARPA funds

NORWALK – An interest-free small business loan program, funded with American Rescue Plan Act money, is scheduled to begin in Norwalk this spring. The program, in partnership with the crowdfunding platform Kiva and the National League of Cities, will provide loans ranging from $ 1,000 to $ 15,000 to local small businesses. The Common Council’s […]

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5 problems preventing you from getting a small business loan – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. When a lender turns down your small business loan application, it can be overwhelming. Yet, if you are in this situation, you are far from alone. There are nearly 32 million small […]

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Finding a Business Loan in Hawaii

Would you like to expand your business this year? Often times, brands and businesses look to a business loan to facilitate the growth they want to achieve. The whole point of a business loan is to give you the cash injection you need and you can simply pay it off in installments. But, if you’ve […]

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India Business Loan Application Market Report 2021 with FlexiLoans, HappyLoan, Incred, LendingKart

DUBLIN, Dec 3 2021 / PRNewswire / – The “Business Loan Applications in India: The Researched Insights to Enhance Customer Experience report “has been added to ResearchAndMarkets.com offer. The digital lending market is expected to show accelerated growth between 2019 and 2025. The digital lending market in India is about to switch from 110 billion […]

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Covid scammers took billions from taxpayers by operating an emergency business loan program

The Bounce Back loan program has helped millions of businesses survive the pandemic – but has also been exploited by criminals. The anti-fraud activity for the £ 47 billion Bounce Back loan program has been implemented too slowly to be effective and the continued activity to limit taxpayer exposure to fraudulent loans is insufficient, found […]

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CBA offers zero rate business loan for the holidays

The Commonwealth Bank of Australia (CBA) is offering a zero rate business loan to help reopen small businesses over the Christmas season. Mike Vacy-Lyle, head of corporate banking at CBA, said small businesses were looking to take advantage of pent-up consumer demand. However, a number of them find it difficult to restock and rehire due […]

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Cara CU joins the Brexit business loan initiative

Cara Credit Union has been authorized to participate in the government’s new Brexit Impact Loan Scheme (BILS) for Irish businesses, which is managed by the state-owned Strategic Banking Corporation of Ireland (SBCI). ara – which has branches in Tralee, Castleisland, Killorglin, Ballyduff and Causeway – is part of a group of five major credit unions, […]

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How to get a business loan in Sweden?

To share Tweeter To share To share E-mail Lenders such as banks and finance companies set different requirements for them to lend money to your business. The preparations and the application process also take different lengths of time. It has become increasingly difficult to obtain business loans through the bank. Here it can be advantageous […]

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Four Iowa residents plead guilty to small business loan fraud scheme

DES MOINES, Iowa (AP) – Three former bank executives and the president of a loan service provider have pleaded guilty to conspiring to commit wire fraud in a scheme that defrauded the Small Business Administration million dollars, federal prosecutors said on Friday. The defendants are Michael Slater, 65, of Clive, former chairman and founder of […]

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Four Iowa Residents Plead Guilty to Small Business Loan Fraud Scheme | Iowa News

DES MOINES, Iowa (AP) – Three former bank executives and the president of a loan service provider have pleaded guilty to conspiring to commit wire fraud in a scheme that defrauded the Small Business Administration million dollars, federal prosecutors said on Friday. The defendants are Michael Slater, 65, of Clive, former chairman and founder of […]