Small Business Loans

Top US banking regulators unveiled an update to anti-redlining rules after scrapping Trump-era rules that were criticized for giving priority to large-scale projects over targeted investments to low-income areas. Community Reinvestment Act rules announced Thursday by the Federal Reserve, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency emphasize smaller-value … Read more

TEXARKANA, Texas– A Cleveland, Texas man and woman have pleaded guilty to wire fraud violations in the Eastern District of Texas, announced US Attorney Brit Featherston today. Clifton Pape, 47, and Sally Jung, 59, have each pleaded guilty to wire fraud violations before US Magistrate Judge Caroline Craven. As part of their plea agreements, Pape … Read more

Scranton, PA – Today, Department of Community and Economic Development (DCED) Acting Secretary Neil Weaver highlighted the importance of small businesses in the commonwealth and encouraged Pennsylvanians to support their favorite local shops during Small Business Week in Pennsylvania. The celebration is taking place May 1-7, 2022, as proclaimed by Governor Tom Wolf. “Small Business … Read more

Harrisburg, PA – Department of Community and Economic Development (DCED) Acting Secretary Neil Weaver and other DCED executives traveled across the commonwealth this week to celebrate Small Business Week by highlighting the investments made by the Wolf Administration in small businesses. “This week I had the pleasure of touring many small businesses across the commonwealth,” … Read more

The relationship between small business ownership and wealth looms large in the imagination of policymakers and entrepreneurs alike. Indeed, people who own businesses are wealthier than those who do not. In 2019, the median net worth of self-employed families was $ 380,000 — over four times larger than the $ 90,000 in net worth held … Read more

As President Joe Biden mulls enacting some student loan forgiveness, Senate Minority Leader Mitch McConnell (R-KY) blasted him for even considering such a move. “Student loan socialism would be a giant slap in the face to every family who sacrificed to save for college, to every graduate who paid their debt, to every worker who … Read more

SHEPHERDSTOWN, W. Va .– (BUSINESS WIRE) – Jefferson Security Bank (OTC Pink: JFWV) reported net income of $ 791 thousand for the quarter ended March 31, 2022, compared to net income of $ 782 thousand for the quarter ended March 31, 2021. Basic and diluted earnings per share were $ 2.87 for the first quarter … Read more

The first week of May is National Small Business Week, and among the top entrepreneurs recognized by the US Small Business Administration (SBA) is Hernán Luis y Prado, founder and CEO of San Diego business VetPowered. Prado, a client of the San Diego & Imperial Small Business Development Center (SBDC) Network, was named SBA California’s … Read more

Alabama small business owners sometimes need a little boost to keep them going. That’s where small business loans can be useful: ideally, you borrow money to grow your business, and the increase in profit or sales you get as a result will be more than the interest and fees you pay. From there, it’s up … Read more