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Sharp drop in small business loans (CNN Money)
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The credit freeze afflicting America's small businesses shows no signs of thawing. In the last three months of 2008, the Small Business Administration's flagship loan-guarantee program backed less than half the number of loans it approved a year earlier - a sign that fewer entrepreneurs are getting financing to start or expand their ventures.
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Chile yearly growth slows to 3.6 pct as crisis slashes copper prices, stalls loans (Minneapolis-St. Paul Star Tribune)
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SANTIAGO, Chile - Chilean officials say the nation's economy expanded 0.1 percent in November, its slowest pace since March 2002. The global financial crisis stalled business loans and slashed prices for copper, its top export.
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February 3rd Is Deadline to Apply for SBA Economic Injury Disaster Loans (Business Wire via Yahoo! Finance)
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ATLANTA----The U.S. Small Business Administration is reminding businesses in Mississippi that Economic Injury Disaster Loans are still available to small businesses economically impacted by severe storms and flooding that occurred March 20 through May 19, 2008.
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Wells Fargo buys loans and leases from GE (BizJournals)
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Wells Fargo said late Monday that it purchased about $730 million in loans and leases from General Electric. (GE) (WFC)
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Monday's business stories in Northwest papers (The Oregonian)
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Eugene's loans help businesses spruce up [The (Eugene) Register-Guard] Local shops sell, credit, reusable bags [The (Bend) Bulletin] Does convention center really need to grow again? [The Seattle Times] The P-I business staff's weekly compendium of quips, quotes and gossip...
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Flaherty has 'productive' meeting with bankers on flow of loans (The Canadian Press via Yahoo! Canada News)
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TORONTO - Canada's banks say they are lending to creditworthy borrowers, amid perceptions that they are butting heads with Finance Minister Jim Flaherty over the availability of loans to businesses and individuals.
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SCVBank Exceeds $100 Million in Loans (Santa Paula Times)
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Santa Clara Valley Bank (SCVBank; OTC BB: SCVE.OB) today announced it achieved a milestone level of $100 million in loans outstanding. Santa Clara Valley Bank (SCVBank; OTC BB: SCVE.OB) today announced it achieved a milestone level of $100 million in loans outstanding.
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Home Loans May Become Prohibitive (BruDirect.com)
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Bandar Seri Begawan - Home buyers may find their choices of future residences narrowed by the new Building Tax which, once and if applied on residential buildings, may cut the amount of home loans they can take out from banks.
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Los Angeles-area small-business lender receives cash infusion (Los Angeles Times)
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Valley Economic Development Center gets $15 million from the city of Los Angeles and $1 million from Merrill Lynch to bolster nearly drained loan funds. After nearly running out of money in its small-business loan funds last month, Valley Economic Development Center Inc. of Van Nuys says it is getting $16 million to enable it to continue to lend to Southern California firms caught in the ...
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Peter Crabb: Bad loans still on banks' books will prolong recession (The Idaho Statesman)
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What happened to the $700 billion pail? Months ago, when President Bush said “our entire economy is in danger,” his administration asked for and received $700 billion to buy bad mortgage-backed loans off the books of U.S. banks.
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