The link below has
data on banks that have made loans through the SBA’s 7(a) small business loan program in the 2009 fiscal year.
Tag: funding
John Thain Makes Bold Promise He Most Likely Can’t Keep | Dealbreaker
This is poetic justice.
John Thain (not in photo) is the former CEO of Merrill Lynch who famously spent millions of dollars redecorating his offices while the firm went down in flames. At left is the office he has sworn not to alter at his new job at CIT Group.
For a man who spent $87,000 on a rug and $1,000 a yard for drapes, this is perfect.
The cardboard cutout in the photo will presumably be removed.
Sweet.
Find Out Where Your Money Goes! | An Occasional Series
I hear nonstop bitching from Democrats and Republicans and Independents about where all the bailout (or stimulus) money is going. This is one of those times in life where the more educated about reality you are, the better.
Click here to be taken to a map that shows which banks received TARP money. This is from the government website http://www.financialstability.gov. At whim or random, we will keep putting information from this site out because it’s important stuff. But really, you should become familiar with it so you at least know what the facts are (or ‘facts’ are, depending 0n your political affiliation).
You know how to tell when a politician is lying, right?
Hackers Steal $50,000. Bank Says ‘Tough Luck’ | CBS MoneyWatch.com
Another reason to love BofA:
The bank recognized that the transfers were improbable, but didn’t stop them. A bank official called Bao to report “unusual activity” on his account, but refused to tell him what it was because Huang was the company’s only “authorized agent” and she was on a business trip in Hong Kong
Mortgage bankers group sells D.C. offices to Bethesda company | Washington Post
This is irony.
The Mortgage B
ankers Association moved into the building in 2008 just as the real estate market was crashing, and ended up paying millions of dollars more when interest rates rose. Moreover, the leasing market slowed considerably and the association had trouble getting other tenants into the 168,000-square-foot building.
Bailout Cop Barofsky Says TARP Still Not Working | Money.CNN.com
…the 22 banks that got the most aid from the government’s various bailout programs have cut their small business loan balances by $12.5 billion since April.
The latest complete report on the Troubled Asset Relief Program is available here (224 pages).
Statewide small business stimulus program heads to Riverside | Office of the Small Business Advocate
Business Matchmaking and SBDC team to help entrepreneurs access contracts
Statewide small business stimulus program heads to Riverside
SACRAMENTO — On Feb. 4 Riverside businesses will have the opportunity to participate in a free statewide program aimed at increasing small business readiness to access stimulus-funded contracts through President Obama’s Economic Recovery Plan.
Continue reading “Statewide small business stimulus program heads to Riverside | Office of the Small Business Advocate”
U.S. Retail Credit Card Defaults Hit Near-Record Levels with No Relief in Sight | Insurancenewsnet.com
Fitch’s December Retail Credit Card Index results show that more than one in every eight dollars of receivables was written off as uncollectable during the November collection period on an annualized basis.
Similar to chargeoffs, the deterioration in delinquencies has slowed significantly from the previous year, yet they still remain almost 48% higher than 2007. Despite these short term improvements, Fitch expects retail credit card delinquencies to remain elevated throughout first half 2010 in line with its expectations for unemployment.
Small Business Toolkit | Office of the Small Business Advocate
If you’re interested in participating in American Recovery and Reinvestment Act projects but don’t how to find or apply for them, then the attached documents should help.
To read an overview brochure, click here.
To read a detailed PowerPoint presentation, click here.
Good Hunting!
Stimulus News Digest | Office of the Small Business Advocate
Highlights include:
Santa Rosa, County Due Millions in Stimulus Aid – $7.4MM
Forest Service Gets $185 Million to Expand Payroll in Region – $185MM
Workforce Investment Board Offers Free Employment Advice – $220K
Fiber Dominates Latest US Rural Broadband Stimulus Funds Release – $300MM
NIH Funding of Biomedical Innovation Is Creating Jobs, Fueling Industry – $10.5BN
Continue reading “Stimulus News Digest | Office of the Small Business Advocate”
Dispatches From The Front 