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Small Businesses Not Hampered by 2005's Interest Rate Rises

By Staff Writer

WASHINGTON - Higher interest rates seen last year appeared not to have affected the demand for loans to small businesses, according to a recent SBA senior loan officer's survey. Interest rates have continued to rise, with the average prime rate for 2005 nearly two percentage points higher than the 2004...

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Latino Community CU Attracts 508 North Carolina Latinos

SBA Hosts Web Chat on Small Business Financing

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Lending Stories

February 28, 2006

FFIEC Extends Comment Period on Nontraditional Mortgage Products

WASHINGTON - The five federal financial regulatory agencies have extended the comment period on the proposed guidance on nontraditional residential mortgage products. The agencies - the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision, and...

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February 28, 2006

MBA: Cost of Repairing Katrina-Flooded Single-Family Properties in New Orleans Between $8-$10 Billion

WASHINGTON - The Mortgage Bankers Association released the findings of a study it did concerning the damage to properties in New Orleans from Hurricane Katrina, and the news is definitely sobering. The association estimates the cost of repairing the 95,000 properties in the city damaged by floodwaters from Hurricane Katrina...

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February 28, 2006

Cash Flow Allowed for Collateral in Satisfying MBL Loan-to-Value Rules

ALEXANDRIA, Va. - NCUA recently reminded credit unions that cash flow may be assigned as collateral for an MBL if its market value can be established and if its value is sufficient to satisfy the MBL rule's loan-to-value (LTV) requirements. The Cypress Group, LLC, a Florida-based MBL CUSO owned by...

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February 14, 2006

SBA Seeks $17.5 Billion for 7(a) Loan Program for Fiscal Year 2007, Zero Subsidy Still in Effect

WASHINGTON - As the SBA's 7(a) loan program enters its third year at a zero subsidy, the agency recently requested $17.5 billion to keep it going for fiscal year 2007. On Feb. 6, SBA requested a 2007 proposed budget of $624 million which authorizes $28 billion in loan and venture...

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February 14, 2006

Member Business Services Names Gonzales New CEO

SAN BERNARDINO, Calif. - Kathryn Gonzales has been named the new president/CEO of Members Business Services, LLC. MBS provides commercial loan and deposit servicing for credit unions nationwide and is owned by Arrowhead Credit Union, Southern California Edison Federal Credit Union, First Financial Credit Union, USA Federal Credit Union and...

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February 14, 2006

Olin Community CU Receives Approval To Offer SBA 7(a) Loans

BETHALTO, Ill. - To beef up its current business member services program, Olin Community Credit Union has received approval to offer SBA 7(a) loans. The $306 million CU said the demand for business lending here allows it to serve a niche with emerging and growing small business owners. "As we...

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February 14, 2006

State Employees CU of Maryland Teams Up with CU Business Capital

LINTHICUM, Md. and MIRAMAR, Fla. - Member of State Employees Credit Union of Maryland will soon see an expanded business services program thanks to a new alliance. The $1.5 billion CU has become an equity partner of CU Business Capital, LLC. Through the partnership, the CU will co-design and implement...

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Lending

Top Lending Stories

Small Businesses Not Hampered by 2005's Interest Rate Rises

Latino Community CU Attracts 508 North Carolina Latinos

SBA Hosts Web Chat on Small Business Financing

Recommended Just For You

Lending Stories

FFIEC Extends Comment Period on Nontraditional Mortgage Products

MBA: Cost of Repairing Katrina-Flooded Single-Family Properties in New Orleans Between $8-$10 Billion

Cash Flow Allowed for Collateral in Satisfying MBL Loan-to-Value Rules

SBA Seeks $17.5 Billion for 7(a) Loan Program for Fiscal Year 2007, Zero Subsidy Still in Effect

Member Business Services Names Gonzales New CEO

Olin Community CU Receives Approval To Offer SBA 7(a) Loans

State Employees CU of Maryland Teams Up with CU Business Capital