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Money Roundup: 3 Questions with Tropical Credit Union CEO; Program matches local businesses with overseas markets

The week's banking, finance and economic development news......»»

Category: topSource: bizjournalsMay 22nd, 2020

Hawaii State FCU awards grants to two local businesses

Oahu-based businesses Dawn Patrol Assessments and Fitgevity are the first recipients of Hawaii State Federal Credit Union's inaugural small business grant program. Both companies are being awarded $5,000 to grow and/or expand their operations. And.....»»

Category: topSource: bizjournalsDec 6th, 2019

What are the benefits of a small business banking locally with a credit union?

Communities thrive because of the people in them and the businesses who help them live their lives conveniently and on their terms. Having a trusted partner in your community to help you with your financial needs keeps money moving in your local econo.....»»

Category: topSource: bizjournalsSep 4th, 2018

White House adviser won"t rule out more money for states, small businesses

White House economic adviser Larry Kudlow said on Sunday he would not rule out any element in the next potential coronavirus relief bill, including more money for state and local governments and the small business program......»»

Category: topSource: reutersMay 3rd, 2020

Alexandria wants to give businesses money to reopen when the coronavirus shutdown ends

Alexandria officials are gearing up to launch a grant program designed to help businesses re-open once coronavirus-related restrictions come to an end, setting aside up to $4 million for local companies. The small city could soon offer up more ca.....»»

Category: topSource: bizjournalsMay 1st, 2020

This local credit union started business lending just for PPP

The pandemic's effects on the economy forced this credit union to quickly switch gears just so it could start lending to small businesses......»»

Category: topSource: bizjournalsApr 22nd, 2020

What your business needs to know about the loan program being considered by the city and VyStar Credit Union

The partnership between the city of Jacksonville and VyStar Credit Union will set aside millions for loans, with the city paying interest on the loans for the first year. VyStar will also be relaxing its underwriting criteria, with businesses tha.....»»

Category: topSource: bizjournalsApr 1st, 2020

Austin may lend money to small businesses hurt by COVID-19

With federal loans now available to small businesses hurt by the coronavirus pandemic, the city of Austin may soon offer loans as well. Austin City Council on March 26 will consider creating a local economic injury disaster loan program, which could pr.....»»

Category: topSource: bizjournalsMar 21st, 2020

Hawaii Technology Development Corp. gives $1.6M in grants to local companies

The Hawaii Technology Development Corporation doled out $1.6 million in grant money to several Hawaii-based companies on Tuesday. The grants were funded by HTDC’s Hawaii Small Business Innovation Research program, which matches grants to help c.....»»

Category: topSource: bizjournalsJul 10th, 2019

HiSTEP seminar gives insight to local businesses on shipping overseas

A HiSTEP seminar at the Homer Maxey International Trade Center addressed concerns that local businesses had about the logistics and shipping from Hawaii to overseas markets......»»

Category: topSource: bizjournalsJun 13th, 2019

Detroit small businesses going global to push growth

One of the next stages in Detroit's revitalization could involve China, South Korea, the Middle East or even India through a program that helps local businesses market their products in foreign markets while creating jobs for city residents......»»

Category: topSource: moneycentralApr 23rd, 2018

Is a credit union right for your business?

Many people have experienced the value of a personal relationship with their local credit union, but did you know that credit unions can provide that same value to businesses as well? You might think that a large national or regional bank will offer .....»»

Category: topSource: bizjournalsSep 4th, 2018

Alaska credit union to serve marijuana businesses

A credit union is launching a pilot program to begin serving marijuana businesses in Alaska, giving the cash-only industry a financial option after banks shunned the industry......»»

Category: topSource: foxnewsNov 29th, 2018

Capitol Report: House approves bill that gives small businesses more time to use PPP loans and lets them spend less on payroll

The House action comes as Senate Republicans and the Trump administration also back extending the deadline for spending Paycheck Protection Program money beyond the current eight weeks......»»

Category: topSource: marketwatchMay 28th, 2020

Dayton company boosts small business loan program amid pandemic

A local real estate investment firm, which already had committed $1 million to help struggling small businesses survive the coronavirus outbreak, is extending the program. The Connor Group will make a second round of loans totaling up to $500,000......»»

Category: topSource: bizjournalsMay 28th, 2020

Coronavirus notebook: OTR business grants; local Kroger test site opens; fair canceled

A roundup of coronavirus news across the Tri-State for May 27: OTR CHAMBER GRANTS: Small businesses in Over-the-Rhine and Pendleton that have experienced a significant decline in revenue and other losses during the Covid-19 crisis have until 11:59 p......»»

Category: topSource: bizjournalsMay 27th, 2020

Europe Markets: European stocks rise amid investor hopes for stimulus package

European stocks rose cautiously on Wednesday, underpinned by expectations that the European Union will announce a massive stimulus program for the region’s recovery efforts, though investors were keeping an eye on continued China-U.S. tensions......»»

Category: topSource: marketwatchMay 27th, 2020

Sacramento could fund another $5 million in relief loans for local businesses

Back in March, a similar program for zero-interest loans received an overwhelming response from businesses in need of financial relief......»»

Category: topSource: bizjournalsMay 22nd, 2020

As New York reopens in phases, will PPP be enough to help businesses bridge the gap?

As New York state begins to open regions slowly and in phases, many of the businesses that got funding in the first round of the Paycheck Protection Program will be reopening just as their loan money runs out......»»

Category: topSource: bizjournalsMay 19th, 2020

Senator Rubio calls for fast action to extend U.S. payroll protection program

The United States needs to quickly revise its coronavirus aid program for small businesses to extend the eight-week period in which the law currently requires companies to spend the money, a key U.S. senator said on Sunday......»»

Category: topSource: reutersMay 17th, 2020

U.S. Senator Rubio calls for fast action to extend U.S. payroll protection program

The United States needs to quickly revise its coronavirus aid program for small businesses to extend the eight-week period in which the law currently requires companies to spend the money, a key U.S. senator said on Sunday......»»

Category: topSource: reutersMay 17th, 2020