Even after the TARP program pumped billions in low-interest capital into banks, small business finds credit elusive. In a report out last month, the TARP committee concluded that it failed at improving credit access for small companies.
The money dumped into big banking had no strings – no …
As the number of companies filing bankruptcy continues to rise, so does the cost – especially for small business. The cost of a Chapter 11 reorganization for a smaller company is nearly as much as for a larger company that has 10 times the revenue. Ironically, most companies facing financial …
A recent Wall Street Journal article by Emily Maltby titled, “Crooked Loan Agents Take Advantage,” discussed the growing unethical practices of loan brokers. With small business credit still scarce, those trying to take advantage of desperation have found another niche. Fraudulent agents …
source: Long Island Business News (libn.com)
Published: May 19, 2010
By Thomas R. Slome
Bankruptcy can be expensive, often too expensive. The cost of a Chapter 11 reorganization proceeding for a small company, one with $10 million in annual revenue for example, is nearly as much as a larger company …
source: CNNMoney.com by Catherine Clifford
The biggest Wall Street banks slashed their small business loan portfolios by 9% between 2008 and 2009, more than double the rate at which they cut their overall lending, according to a government report released Thursday.
The Congressional Oversight …
The credit market is still feeling the aftershocks after the collapse of the major banks and lending institutions in the US sent the economy into a downward spiral. Big business and big banks got bailouts and incentives, while liquidity continues to be scarce and incredibily difficult to access …
The problem for businesses seeking to recapitalize is determining if a lender is actually deploying capital. Many finance companies claim to have access to money, but do not. In this competitive environment it is vital that businesses seeking help know how to distinguish fairly quickly who is a …
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