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CPC filling gap in market for loans that work for small building owners

CPC Mortgage Company LLC, a subsidiary of The Community Preservation Corporation (CPC), closed a $2.44 million Freddie Mac Optigo Small Balance Loan (SBL) to refinance the Houk Lofts, a 22-unit multifamil.....»»

Category: realestateSource: realestateweeklyJun 12th, 2019

An insider’s guide to getting an SBA loan

At Valley, we talk with people every week about the benefits of a Small Business Administration (SBA) loan. In many cases, the business owners we work with have heard about SBA loans, but don’t fully understand the details associated with the program......»»

Category: topSource: bizjournalsSep 5th, 2019

Newtek Small Business Finance closes, funds approx. $1B PPP loans

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: smallbizSource: nytJun 2nd, 2020

Was it worth it? Small businesses that took PPP loans sound off

Many small business owners have pingponged between worried or confused about the PPP program......»»

Category: topSource: bizjournalsMay 29th, 2020

Atlanta "creative city" secures $1.75M in loans, sets site-work date

The owners of the historic Pratt-Pullman Yard have secured $1.75 million in federal funding to begin environmental rehab of the 27-acre former industrial complex and turn it into an entertainment district — with the aim of opening a portion of.....»»

Category: topSource: bizjournalsMay 29th, 2020

How an Oakland SBA lender processed 400 PPP loans

The SBA Paycheck Protection Program was an emotional roller coaster for small business owners — and for their lenders. That was certainly the case for Barbara Morrison, president of TMC Financing. With her team of 53 employees, the nonprof.....»»

Category: topSource: bizjournalsMay 28th, 2020

Outside the Box: Small landlords are getting squeezed now that many tenants can’t make rent, and that leaves them few options

Income property market uncertainty forces owners to make a tough decision: Hold on or cash out?.....»»

Category: topSource: marketwatchMay 27th, 2020

JPMorgan CEO says PPP loans will save lots of small businesses

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMay 26th, 2020

Most publicly listed companies keep U.S. small-business aid loans

More than four-fifths of publicly listed companies that received emergency small-business loans from the U.S. government have held onto them, sticking with a certification that they need the money, according to data from market research firm FactSquared......»»

Category: topSource: reutersMay 24th, 2020

Small businesses note another flaw in SBA"s PPP as reopening costs mount

Small business owners say the loans don't help with a key escalating expense......»»

Category: topSource: bizjournalsMay 17th, 2020

Comerica"s Texas Market president discusses processing PPP loans, shifting strategy

Comerica has processed more Small Business Administration loans in the past month than it typically does in an entire year......»»

Category: topSource: bizjournalsMay 14th, 2020

Newport Beach builder pushes ahead to close on 1,000 homes despite pandemic

The California homebuilder, which has purchased two Phoenix-area competitors in the past year, is looking toward building out its own master-planned communities in key parts of the Phoenix market. Here's where he is starting work first......»»

Category: topSource: bizjournalsMay 11th, 2020

Fear and desperation on Main Street as small businesses struggle to survive despite PPP and other federal loan programs

Millions of small business owners have not received government loans under the CARES Act. Many are bootstrapping, crowdfunding and deferring mortgage payments to stay afloat......»»

Category: topSource: moneycentralMay 11th, 2020

Will PPP loans save small businesses? Even $530 billion can’t fix everything.

How effective will the Paycheck Protection Program be? The program has faced criticism, but some small-business owners say the low-cost loans have enabled them to forestall layoffs or rehire staff. Here's a look at PPP successes, failures and unkno.....»»

Category: topSource: chicagotribuneMay 8th, 2020

Some business owners excluded from PPP due to criminal history

Small business owners with recent felony convictions or who are on probation are being shut out of federal relief loans......»»

Category: topSource: moneycentralMay 7th, 2020

In One Chart: As deadline for returns extended, these public companies are giving back emergency loans meant for small businesses

The Treasury Department says Paycheck Protection Program loans are not meant for “a public company with substantial market value and access to capital markets” and given big borrowers a May 14 deadline. Here’s how the returns are going......»»

Category: topSource: marketwatchMay 6th, 2020

Time to Fix What’s Broken: Senate Leaders Seek Oversight of PPP Loans

WASHINGTON, D.C. – Since the launch of the Paycheck Protection Program (PPP), small business owners have been left behind by their banks and the government... The post Time to Fix What̵.....»»

Category: blogSource: valuewalkMay 5th, 2020

Capitol Report: Small-business owners could face jail time as DOJ launches investigation into coronavirus loan program

The Justice Department has opened an investigation into companies that applied for loans under the Paycheck Protection Program, and businesses that provided misleading information could face jail sentences, experts say......»»

Category: topSource: marketwatchMay 2nd, 2020

Denied a PPP Loan? Here Are Some Other Options for Relief

Many small-business owners have been struggling to get these forgivable loans. Here's what you need to know if you're one of them......»»

Category: topSource: moneycentralMay 1st, 2020

In One Chart: These public companies are returning emergency loans meant for small businesses

The Treasury Department says Paycheck Protection Program loans are not meant for “a public company with substantial market value and access to capital markets” and given big borrowers a May 7 deadline. Here’s how the returns are going......»»

Category: topSource: marketwatchMay 1st, 2020

D.C. condo is a small part of a big footprint

HOUSE OF THE WEEK | Delancey Lofts building was the work of a company that constructed many Washington landmarks......»»

Category: topSource: washpostMay 1st, 2020