Commercial Finance News

US House of Representatives to vote on Small Business Lending Fund act

Factorscan

BCR Factorscan — The US House of Representatives is due to vote on the Small Business Lending Act of 2010, a bill designed to promote private sector small business lending and allow American states to create or strengthen existing innovative small business lending programs.

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Receivables in Europe

Business Money

Business Money — Receivables-based finance is growing in Europe, with firms exploring non-traditional products such as securitization and asset-base lending, says a new research report from Demica.

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The perils of a tarnished brand

Financial Times

Financial Times — Companies can easily see a good reputation turn sour if they lose their core values.

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When the bank says ‘No,’ it can still say ‘Yes’

Fort Worth Business Press

Despite bank bailouts, credit for small and mid-sized businesses remains extraordinarily tight. For many banks, the lending pipeline is simply too clogged with “non-bankable” loans to even consider relaxing their credit standards for new loans, even for their existing customers.

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Big Banks' Lending Programs Yielding Few Results So Far

Wall Street Journal

Some of the largest U.S. financial institutions have pledged new commitments to small businesses in recent months, but it remains to be seen how much these efforts will help business owners secure financing.

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What We Don't Know About Small Business Lending

BusinessWeek

The House just approved a $30 billion fund to help banks lend to entrepreneurs. But officials say they're unsure how much would reach the target.

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A Credit Crunch That Lingers

Wall Street Journal

Forget the improving economy. Entrepreneurs still find it hard to get loans. Here's why we're in this mess—and how we may get out of it.

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Confidence returning to UK businesses

Business Money

The UK's recovery from recession is proving slow but steady going for small business owners, according to a survey conducted by ICM.

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People Moves

  • Amper, Politziner & Mattia

    Tim Van Noy, CPA, CFE has joined the firm as Director in the firm's Litigation & Valuation Group.

  • Focus Lenders Services Group, LLC

    Calin Lupan, CPA, has recently joined the firm.

  • MorrisAnderson

    Dan Dooley has been named as Chief Executive Officer.

  • PNC

    Robert Parks has been appointed VP of its Secured Lending Team.

    Fred Weesner has been appointed VP and Sr Business Development Officer, based in Denver.

  • Wells Fargo Capital Finance

    Holly Kaczmarczyk has been named head of its Business Credit division.

  • RBS Business Capital

    Mike Petix has been appointed as Sr VP and Business Development Officer.
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