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A rejected request for a commercial construction loan is at the center of a dispute between a New York real estate development firm and Bethpage Federal Credit Union.
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Calling it a "multilevel Ponzi hydra" that promised sky-high returns in the crude oil bond market, the Michigan Office of Finance and Insurance Regulation said it has stopped a Ponzi scheme
There's just no comparison between a foreclosure or walk-away from a $5.4 billion Manhattan 56-building complex and a defaulted loan on a small retail space in a strip mall.
For fiscal year 2011, the SBA's proposed budget of $994 million aims to bolster the agency's 7(a) loan program and extend revolving lines of credit, commercial real estate loans and term loans.