Saturday , 15 August 2020

Tag Archives: loans

14 Marlette businesses that received $150K or more in PPP loans

CLOSE Buy Photo A dairy farm and 13 other Marlette area businesses received Payroll Protection Program loans of $150,000 or more. (Photo: Brian M. Wells/Times Herald) Marlette Regional Hospital and Green Point Dairy are among the 14 Marlette area businesses that received $150,000 to $5 million in Paycheck Protection Program loans. With these loans, the businesses retained around 895 jobs, according to U.S. Small Business Administration data.  The …

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Emergency loans help some businesses stay open during COVID

Owner Mike Jarchow said he’s normally booked through the summer with weddings. When Minnesota Gov. Tim Walz announced businesses like his must temporarily close to help stop the spread of the novel coronavirus, however, the weddings were either postponed to 2021 or moved across the state line to South Dakota, where restrictions were never implemented. “This is our third wedding …

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Personal Loans For Borrowers With Bad Credit

A bad credit loan is a relief funding option for people with a poor credit score. It can get you out of a financial crisis, even if you have a bad credit score. With that said, if you need cash immediately to pay a medical bill, buy or repair a car, or consolidate debt, but do not have enough credit …

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PPP loans challenging to secure for some minority-business owners, Florida data may suggest

About 400,000 — that’s how many Florida businesses received federal Paycheck Protection Program loans to survive the pandemic. Officials estimate the more than $32 billion saved 3.2 million jobs. But when it comes to minority-owned businesses, the state’s data suggest there is disparity. When the pandemic hit the economy, Larry Thelmas was one of many Florida business owners whose operations …

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SIFMA Sues Over Muni Adviser Exemption to Solicit Banks on Loans

Securities Law News Aug. 14, 2020, 8:03 PM Listen The securities industry’s lobbying group sued the U.S. Securities and Exchange Commission Friday to block a temporary exemption that allows financial advisers to municipalities to solicit direct loans with banks without registering as broker dealers, according to a news release. Securities Industry & Financial Markets Association said the temporary exemption granted …

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Quicken Loans and Rocket Mortgage Parent Quintuple Net Revenue in Q2

A still-fresh name on the stock exchange, Rocket Companies (NYSE:RKT), has released its first set of quarterly results, although they’re preliminary. For its Q2 of fiscal 2020, Rocket Companies — which owns Rocket Mortgage, the largest housing loan originator in the U.S., as well as Quicken Loans — saw its net revenue increase by 437% on a year-over-year basis to …

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Businesses are taking out fewer bank loans

Businesses have been able to pay off some debt during the pandemic — that’s one conclusion of a new report from S&P Global Market Intelligence. And that might be telling us something about where this economy’s headed. Back in March, when the pandemic started freaking everyone out, companies went to their banks and drew on their existing lines of credit. …

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