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Posts Tagged ‘sba loans’

If you are a veteran or spouse of a veteran that needs help starting a business, growing a business, or counseling the SBA has programs just for you. We support our military and hope this information will help.
If you try to secure a Patriot loan through your local bank and aren’t having much luck call or go to your local SBA office. For more information you can go to http://www.pfcfinance.wordpress.com and post a comment or question we will respond.

The U.S. Small Business Administration has announced the SBA’s Patriot Express Pilot Loan Initiative for veterans and members of the military community wanting to establish or expand small businesses.
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CNN reports on the greedy credit card market. Between the banks and the credit card companies, most of us affected by the sins of those exact companies, find ourselves struggling just to pay the fees and bills. By passing reform but giving the companies 10 months to figure out how to continue to screw us. They’ve done just that. Go back over your statements in the last 10 months. If you are like most people, you found your credit lines decreased(for no reason- though if you called the company they always say your credit changed.) After intense arguing and showing them proof that it hadn’t, as I did, some actually would raise the limit back up. Most wouldn’t. Then, interest rate hikes, once again for no reason. But if you contacted them they always had a reason for that too. You’d have to be a credit expert to even understand what they were and are doing.
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Feb. 2 (Bloomberg) — President Barack Obama will propose providing community banks with $30 billion to spur lending to small businesses, administration officials said.

Under the lending plan being announced today, which would use money transferred from Troubled Asset Relief Program and require congressional approval, banks with assets from $1 billion to $10 billion could borrow as much as 3 percent of their risk-weighted assets, while banks with less than $1 billion in assets would get up to 5 percent of their holdings.
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The government has finally and I say finally(emphasized) put a few measures in place to help free up some lending for SBA loans. In the last year, almost from the day the banks started receiving tarp funds, banks have tightened up dramatically on lending. In 13 years brokering loans I have never experienced such a disaster to our economy. Over 70% of businesses are small businesses and employing the majority of peole in this country. However, they cannot get capital to stay in business, grow their business, purchase equipment, or just survive. The government’s program which expires at the end of February is starting to help.

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PFC Inc. is dedicated to helping businesses understand their loan options and how to obtain financing for the growth of their business. Below is information that you may find informative to secure a loan for your business for working capital, equipment financing or leasing, debt consolidation, leasehold improvements, or expansion. For additional information please email phewett@pfcfinance.com. Website: www.pfcfinance.com (more…)

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