Loans News

NY small business are having a tough time. Despite some recent improvement, many of the city’s small businesses are still finding it very tough to land a loan.

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A former loan officer at a Boyertown bank stole more than $4 million and showered herself and her family with expensive gifts, including vacation homes, federal prosecutors said.
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Bad debt maturing in the next 4 years will increase the risk of corporate defaults in the U.S., according to Bank of America Merrill Lynch.

More than $600 billion of high-yield bonds and loans are due to be repaid between 2012 and 2014, New York-based analysts Oleg Melentyev and Mike Cho wrote in a note to clients. Almost 90 percent of loans outstanding mature in the next five years, compared with an average of 36 percent between 2005 and 2009, according to the report.
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Student loan reform legislation is to be changed to help protect about 1,000 jobs at Access Group and Sallie Mae, two student-loan providers in Delaware. Sens. Tom Carper and Ted Kaufman want to change bring about this change.
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US Federal Loan aid of $1.4 billion has been given preliminary approval by the Obama administration on Monday for a sprawling solar-energy project in California’s Mojave Desert.
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