[1 Feb 2010 | No Comment | ]
U.S. debt consequences dire for business and consumers

The most important financial instruments on Earth — long-term bonds issued by sovereign governments are the next victims of too much government debt, including U.S. Treasury Bonds.
Greek government bond collapse the first victim and spreading
On October 8, 2009, Greece’s benchmark 10-year bond was selling for 112.295. Today, it has collapsed to 92.13.
And the drama of its yield surge is even more striking — from only 4.41 percent to 7.14 percent, a jump of more than 60 percent in less than four months.
Portugal’s 10-year government bond reached a peak …

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Business Lending »

[9 Mar 2010 | No Comment | ]
Americas Recovery Capital loan program through SBA offers bailout for struggling small businesses

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The new America’s Recovery Capital (ARC) loan from the Small Business Administration may be just what some small businesses needs to push through the recession
Although there are very specific requirements to qualify, this SBA program could be a lifesaver for many small businesses. Some of the qualifications include:

Your business must be at least two years old.

You must have shown a profit in one of the last two years.

You must provide financial documentation of your current struggles.

You need to provide your plan for turning the business around.

The opportunity is only available …

Business Lending »

[4 Mar 2010 | No Comment | ]
New York task force recommends more access to capital for small business

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NY Task Force report contains comprehensive recommendations to effectively cut red tape, create jobs proposals, increase access to capital, provide regulatory reform and strengthen entrepreneurs
“In this age of super-sized corporations, small businesses may not make the headlines, but they do drive job creation,” Governor Paterson said.
“The road to prosperity runs through New York’s corner stores and technology start-ups, its mom-and-pop restaurants and roadside repair shops. That’s why I have worked for the past 20 months to expand opportunity for small businesses – to increase minority and women-owned business participation in government …

Business Lending »

[2 Mar 2010 | No Comment | ]
Businesses find alternative source for working capital through The Receivables Exchange

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The Receivables Exchange is a New Orleans company where businesses can auction outstanding invoices to investors for cash within days
The Receivables Exchange is in many ways an alternative to lenders known as factors, which lend money against outstanding invoices.
More small businesses are turning to factors to solve cash flow problems and provide working capital while they wait for payment on their invoices.
Delayed payments are a growing problem for small businesses doing business with the government
An Illinois non-profit named Springfield Arc Inc. is doing the people’s work, serving the mentally disabled.
Trouble …

Real Estate Markets »

[26 Feb 2010 | No Comment | ]
Community banks next to suffer from growing commercial foreclosure crisis

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A mortgage crisis like the one that has devastated homeowners is enveloping the nation’s office and retail buildings, and few places are likely to be hit as hard as Washington DC.
The foreclosure wave is likely to swamp many smaller community banks across the country, and many well-known properties, including Washington’s Mayflower Hotel and the Boulevard at the Capital Centre in Largo, are at risk, industry analysts say.
The new round of financial pain, which some had anticipated but hoped to avoid, now seems all but certain. “There’s been an …

Business Lending »

[22 Feb 2010 | No Comment | ]
Micro-loan source for New Brunswick NJ small business owners

[Image]Accion USA, a nonprofit lender specializing in loans to small businesses, has opened an office inside Unity Square’s offices in New Jersey, which administers a range of housing, economic development, and social services programs.
“When we started organizing the neighborhood and meeting with the neighborhood residents, it became very, very clear that many of them are aspiring entrepreneurs,” said Marlene Sigman, director of Unity Square, which administers a range of housing, economic development, and social services programs.
“On the other hand, there were a lot that didn’t know anything about the credit …