Monthly Archives: September 2022

With loan request from China withdrawn, Mindanao Railway derailed again

Mindanao Railway Project train sketch (From DOTr Facebook) UPDATED MANILA, Philippines — The Department of Transportation (DOTr) said Friday that the government could complete the Mindanao Rail Project by 2028 if the loan for the project is finalized by the middle of next year. During a hearing before a Senate finance subcommittee on the agency’s […]

Soaring energy costs could impact loan approvals, firms warn

Businesses seeking large loans are warned that soaring energy costs could impact their ability to get approved. Pipes in sectors heavily dependent on high energy consumption are likely to be the most affected. While the 2023 budget announced that businesses will be able to claim up to €10,000 to help with their energy costs, some […]

Former Clarke County sheriff pleads guilty to lying on loan application

MOBILE, Ala. (WALA) – Not too long ago, Ray Norris was Clarke County’s top law enforcement official. Now he’s a convicted felon. The former sheriff pleaded guilty in federal court Monday to one count of making a false statement to a federally insured institution. The maximum sentence is 30 years in prison, but his actual […]

Fannie Mae’s plan boosts tenant credit scores

Exclusive: Fannie Mae’s plan boosts tenants’ credit scores For you New Sports Entertainment Life Silver Technology Travel Opinion Only positive tenant payments will be reported (those falling behind will be unsubscribed) and tenants can choose to opt out at any time. One in ten adults in the United States, or about 26 million people, are […]

Mian Anjum urges govt to convince IMF to ease loan conditions

DNA Islamabad, Sept. 25: The Federation of Chambers of Commerce and Industry of Pakistan Businessmen’s Group (BMP) has fully supported the call of the United Nations as well as the Prime Minister to ease the debt pressure on Pakistan suspending international debt repayments and restructuring loans to provide immediate humanitarian aid to the flood-affected country. […]

The bank receives 1,600 loan applications

The Fiji Development Bank had received over 1,600 applications under the Women Entrepreneur Loan Scheme. Titilia Kamil (middle), Managing Director of Relations and Sales at Fiji Development Bank, with women entrepreneurs, (left to right) Seema Mohan, Sofia Ali, Melaia Adi and May Fong on September 23,202. Photo: Laisa Lui. The Fiji Development Bank had […]

Jamshedpur SDC orders approval of loan application

Jamshedpur, September 20: East Singhbhum Deputy Development Commissioner Pradeep Prasad, chairing the District Level Oversight Committee meeting on Tuesday, asked the Senior District Manager to approve the pending applications from the Prime Minister’s Job Creation Project . During the review, four applications were found pending at the Bank of Baroda, the senior district manager was […]

How Defense Bank could approve your loan application in a minute

Investments in digital technology are pushing the mutual bank to approve loans faster than it takes to cook noodles in two minutes. Defense Bank has launched an automated lending platform aimed at drastically reducing the time from loan application to approval and funding. Through a partnership with Cloudcase Software Solutions, the mutual bank implemented the […]

Michigan spent $2.5 million to be a rocket hub. Critics say it only produced hype

“It’s truly remarkable that someone is considering putting a heavy industrial facility [like a launch pad] on the coastline of the largest body of fresh water in the world,” said Dennis Ferraro, who lives about 3 miles from the selected site and leads the opposition group Citizens for a Safe & Clean Lake Superior. “It’s […]

Eos moves forward with DOE loan application to support BESS zinc manufacturing target of 3 GWh

Znyth Eos battery storage unit on its production line near Pittsburgh. Image: Eos Energy Enterprises via Twitter. Eos Energy Enterprises has completed due diligence in its application for a share of US$2.5 billion in US government loans. The company manufactures zinc-based battery energy storage systems that offer three hours of storage time per unit, but […]

Small business loan approval rates drop at big banks in August, improve for smaller banks

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at large banks (over $10 billion in assets) fell from 15.3% in July to 15.1% in August, but increased at smaller banks, from 21.2% in July to 21.4% in August. Approval percentages improved slightly among institutional lenders and alternative lenders, while […]

Women entrepreneurs | Loan request | loan approval

A recent study concluded that disadvantaged women often find it difficult to obtain loans from Indian banks. A study conducted by Bharatiya Yuva Shakti (BYST) indicates that at least 85% of women entrepreneurs have encountered difficulties when seeking a loan from nationalized banks. He further added that at least 60% of them struggle to access […]

Biz2Credit Small Business Lending Index™ Reveals Business Loan Approvals Dropped at Major Banks in August 2022

Loan approval percentages down slightly at large banks and credit unions, but small banks and non-bank lenders show continued growth /EIN News/ — NEW YORK, Sept. 13, 2022 (GLOBE NEWSWIRE) — Small business loan approval percentages at big banks ($10 billion in assets) fell from 15.3% in July to 15.1% in August, but increased to […]

Cash Advance Apps vs Payday Loans: Which is Better?

If you’re asked to imagine a payday lender, you might think of a storefront in a strip mall with green dollar signs and neon slogans like “everyday payday.” You probably wouldn’t imagine a mobile app that advertises on TikTok and sports a colorful logo. But cash advance apps like Earnin and Dave provide advances with […]

Sterling Bank launches digital lending app for businesses and businesses

STERLING Bank Plc, Nigeria’s leading commercial bank, has launched a one-stop digital solution for all business credit solutions, especially for businesses and businesses. The new product, known as Gazelle, is a versatile digital loan application system that offers corporate clients a more innovative way to finance their business. According to the Bank’s Managing Director and […]

How to Increase Your Chances of Getting a Home Loan in South Africa Right Now

While South African banks are still eager to lend to homebuyers, they are also applying their lending criteria more strictly in light of rising inflation and rising interest rates, explains Berry Everitt, Managing Director of Chas Everitt International Real Estate Group. To ensure their home loan application has the best chance of success, and possibly […]

$1 billion loan approval gets tougher

ISLAMABAD: Pakistan’s financial difficulties may not ease soon as the World Bank has indicated that it may combine the approval of two strategic loans worth more than $1 billion, which will require the implementation simultaneous many difficult conditions, including the withdrawal of subsidies and the reopening of energy contracts. The Washington-based lender wants to combine […]

Nirmala Sitharaman explained how to check illegal and fraudulent loan application transactions

In light of the rise in digital fraud cases, Finance Minister Nirmala Sitharaman has agreed to take a number of steps to regulate the operation of illicit lending apps after discussing a number of related concerns during a meeting. ‘a meeting. The majority of digital lending apps operate independently and without central bank registration. Due […]

How long should you wait for SBA loan approval? – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. The United States Small Business Administration (SBA) helps business owners access the funds they need to start, grow, and succeed in their businesses. These loans are often easier to obtain than some […]

Sterling Bank launches digital loan application system for businesses and commercial enterprises

Sterling Bank Plc, Nigeria’s leading commercial bank, has launched a one-stop digital solution for all business credit solutions, especially for businesses and businesses. The new product, known as Gazelle, is a versatile digital loan application system that offers corporate clients a more innovative way to finance their business. According to the Bank’s Managing Director and […]

New BBB study reveals payday scams and predatory lending

FRESNO — As consumers lost their jobs and struggled to make ends meet during the COVID-19 pandemic, many have turned to payday loans and other short-term solutions, with an increase in solutions on line. This has not only allowed predatory lenders to thrive – many borrowers still face exorbitant interest rates and opaque fees – […]

Attempted Sale of Voting Materials in Northern Michigan Under Investigation

Voter assistance terminals typically help voters with disabilities mark their ballots at polling stations. They are not used to tally votes, according to the secretary of state’s office. Related: “While our elections remain safe and secure, we take all violations of election law seriously and will work with the appropriate authorities to ensure there are […]

California borrowers get $300,000 to ditch tribe-bound wear suit

By Caleb Symons (August 31, 2022, 8:40 p.m. EDT) – California residents who have sued tribe-related affiliates of payday loan company Think Finance LLC, accusing them of trying to evade antitrust laws Usury, dropped their federal lawsuit after inking a “creative” deal that will add $300,000 to another settlement involving the now-defunct lender. The eight […]