Small business loans: SBA to the rescue

Article Abstract:

The United States Small Business Administration (SBA) hopes to provide financial assistance to small businesses through a new loan program that takes inspiration from the New England Lending and Recovery Project. Under the program, the loan portfolio of small businesses listed with the Federal Deposit Insurance Corp are evaluated by the SBA to determine which firms are eligible for SBA loan guaranties. Small businesses which pass guaranty elibility requirements are then offered the opportunity to apply for the guaranty needed for securing loans from banks, or for other forms of financing from other lenders. The SBA will provide the necessary introductions for securing whatever financing is desired by the eligible small business.

Admin. of general economic programs, Column, United States. Small Business Administration

---

Foreign banking in the U.S

Article Abstract:

Foreign banks have obtained an increasingly larger amount of US business loans since 1973. As of the 30 Sep 1990, the amount of the loans totaled $131 billion, or 26 percent of the total loans by US banks, and this number is expected to increase in the future. There are four types of foreign banks in the US: branches, agencies, international banking facilities, and banks under foreign control or ownership. New York, California, and Illinois contain 95% of the foreign bank branches and agencies in the US. Foreign banks in the US are more receptive to firms from their own country that have set up US operations. Foreign banks generally use the same lending standards as US banks.

Commercial banks, not elsewhere classified, Foreign banks, Corporate domicile, column

---

A new (old) idea for small business lending

Article Abstract:

Small business loans have become more difficult to obtain, as more and more conditions are imposed to protect banks against bad loans and increased regulations. One such condition to bank lending that is being proposed is contingent interest. Unlike other forms of incentive compensation to lenders, contingent interest is a modest incentive that involves less risks for banks. Profitable reward for lenders is not dependent on the borrowers' performance nor on the transformation of that performance into an equity marketplace.

Short-term business credit, Methods, Interest, Interest (Finance), Commercial credit, Small business lending companies

Similar abstracts:

• Abstracts: Earnings announcements and the convergence (or divergence) of beliefs. Volume of trading and the dispersion in financial analysts' earnings forecasts
• Abstracts: Card companies look to the small end of business. Finance beyond the banks. Small-caps need ot float on cashflow
• Abstracts: Women with the right balance. Missing action. The new gender divide
• Abstracts: Value-adding the old way. Laggards find the web
• Abstracts: The college sophomore as guinea pig: setting the record straight. The 'Science of the Sophomore' revisited: from conjecture to empiricism

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.