The U.S. Small Business Administration have announced that federal economic injury disaster loans are accessible to small businesses, small agricultural cooperatives and most non-profit private groups within Tennessee. This is due to the extreme heat and resulting drought that commenced on June 1 of 2010. “When the Secretary of Agriculture issues a disaster declaration to [...]
Small Business Loans - Webster Bank Named Top SBA Lender In Connecticut
The Webster Bank has been declared the top U.S. Small Business Association (SBA) lender in Connecticut, in terms of both the number of loans approved, as well as the total value of loans approved, for the third year in succession. The Webster Bank’s record in terms of SBA 504 loans is even more impressive, being [...]
SBA Loans - New Data Reveals Huntington Loans To Small Businesses Increased 51 Percent
Huntington was recently declared the fifth-largest SBA lender (in terms of the number of loans approved) in the whole of the US, having approved 1,312 loans in the 2009-2010 federal fiscal year that ended on the 30th of September. The total combined value of the SBA loans approved by Huntington during the year ended was [...]
SBA 504 Loans - New Info On Increased Loan Limits
The U.S. Small Business Administration (SBA) recently announced that the limits of some of its loan programs had been increased as per the new loan limits outlined in the Small Business Jobs Act of 2010, which was recently signed into law by President Obama. The most significant increases in loan limits made as a result [...]
SBA Loans - Nexbank Announces Creation Of New Division
NexBank, SSB, a Dallas-based provider of banking and financial services, recently announced their decision to form a new Small Business Administration (SBA) Lending Division at their bank, in keeping with their philosophy of community lending. “As one of the premier community banks in North Texas, we feel it is appropriate to offer this invaluable lending [...]
Small Business Loans - Huntington (NASDAQ:HBAN) Gears Up To Help Small Businesses Benefit From New Act
Huntington Bancshares Incorporated (NASDAQ:HBAN), which is the fifth biggest Small Business Administration (SBA) lender in the United States and the biggest SBA lender in several of the states in which it operates, is preparing to help the numerous small businesses it counts as customers to take advantage of the benefits that will be afforded to [...]
Small Business Loans – More Companies Now Eligible For SBA 504 Loans
The Small Business Jobs and Credit Act of 2010 was recently passed by Congress, as a part of an overall strategy to develop small businesses, in order to spur economic recovery and improve the unemployment rate across America. The new act included many benefits for small businesses, such as the enhancement of the SBA 504 [...]