Monthly Archives: November 2022

Vacation spending will leave half of Americans in debt this year, survey finds

Inflation and stress also lead to anxiety and depression as families worry about overspending. If you have to go into debt, really try to keep it under control. And when considering buying gifts, remember: it really is the thought that counts. — Lawrence White, Professor, NYU Stern School of Business AUSTIN, TEXAS, USA, November 15, […]

Achieve predicts moderate spending on gifts and travel for the 2022 holiday season

Only 14% of US consumers say they set aside savings for holiday shopping. SAN MATEO, Calif., November 14, 2022 /PRNewswire/ — Americans plan to take a restrained approach to gifts, travel and other spending this holiday season, a sentiment boosted by economic concerns over inflation, rising interest rates interest, layoffs and the threat of a […]

SBA disaster loan application deadline is December 8

The US Small Business Administration reminds non-farm small businesses in Nevada and neighboring counties in Arizona, California, Idaho, Oregon and Utah that the deadline to apply for a federal loan in SBA disaster case for economic harm is Dec. 8. According to Director Tanya N. Garfield, small non-agricultural businesses, small agricultural cooperatives, small businesses engaged […]

Agricultural Loan Application Tool – WEST AG INFORMATION NETWORK

Agricultural loan application tool Tim Hammerich Journalist This is Tim Hammerich from the Ag Information Network with your Farm of the Future report. To make it easier for farmers to navigate USDA loan programs, the Farm Service Agency is rolling out a new loan assistance tool. Administrator Zach Ducheneaux says the tool will make it […]

Chinese rail loan terms behind road freight ban in Kenya, deal says

The importers were forced to transport their cargo via Kenya’s Standard Gauge Railway (SGR) due to an agreement signed by its previous government with the Export-Import Bank of China, documents show. The agreement obliged the Kenya Ports Authority, owner of the port of Mombasa, to guarantee certain freight traffic to the SGR, financed and built […]

Small Business Loan Approval Rates Drop in October

According to the latest Biz2Credit Small Business Loan Index, Small business loan approval percentages at major banks fell from 14.9% in September to 14.7% in October, marking the lowest total since February. Approval percentages for business loan applications with smaller banks fell by three tenths of a percent, from 21.5% in September to 21.2% in […]

Inflation forces Latvian residents to borrow more often; average loan size reaches EUR 6,500 – Baltic News Network

In the first nine months of 2022, the amount of loans increased by 10%. The average amount of consumer loans reached EUR 6,500. The number of loan deals, on the other hand, remained unchanged, according to data compiled by Luminor Bank. According to the bank, residents most often borrow money to pay for home repairs […]

Center plans to double loan amount for street vendors

The Center plans to double the loan amount for street vendors under Pradhan Mantri Street Vendor’s Atma Nirbhar Nidhi scheme, a major outreach to the majority migrant beneficiary segment. Under PM-SVANidhi, a special microcredit facility introduced for street vendors in July 2020 amid the first lockdown after the Covid-19 outbreak, loans are offered in three […]

Chinese woman, mastermind of Rs 150 crore loan application scam, detained from West Delhi – The New Indian Express

Express press service NEW DELHI: Delhi police have arrested a 52-year-old Chinese national believed to be the mastermind behind the fake loan application amounting to Rs 150 crore, a senior police official said on Wednesday. The accused Chinese woman, identified as Yu Zhang, was arrested along with another person, identified as Vineet Jhaver, 38, from […]

The IMF gives a first green signal to 4.5 billion dollars for Bangladesh

After a two-week long visit to Bangladesh, the multinational lender International Monetary Fund (IMF) and the government of Bangladesh reached a staff-level agreement on Wednesday to support Bangladesh’s economic policies. The IMF is pleased with Bangladesh’s reform proposals and stands ready to provide $4.5 billion in loans to help the country cope with the current […]

Do you want a faster agricultural loan application process? There is a tool for that!

A new tool with easier to understand information is now available for farmers and ranchers who want to apply for USDA agricultural loans. Agency leaders hope the new format will improve access to agency programs and services while simplifying the process. It was designed to look more like a financial document with easier to read […]

Shadow Mountain Sewer Link Awaiting Loan Approval

The town of Cranbrook will move forward with the construction of a sanitary sewer line from Shadow Mountain to the Cranbrook sewer system, following an Insufficient Local Service (LAS) petition process, which ended October 31. In September, council approved a petition process to be conducted to allow residents of Shadow Mountain to determine whether a […]

USDA revamps agricultural loan application process

United States Department of Agriculture logo. Agricultural producers – if the federal agricultural loan process has you scratching your head, the U.S. Department of Agriculture says it’s working to help. Recently, the USDA launched a new online tool designed to help farmers and ranchers better navigate the application process. One of the goals is for […]

What is a payday loan and other types of predatory loans?

Financial watchdog groups have raised concerns about predatory lenders taking advantage of low-income Americans who need cash fast as soaring inflation squeezes consumers. So what is predatory lending? Predatory lending imposes unfair or abusive loan terms on borrowers, including triple-digit interest rates and tight repayment terms. In the meantime, a “fair” loan guarantees the the […]

USDA Tool Launch Helps Farmers Navigate Loan Application Process | national news

ATHENS — The U.S. Department of Agriculture has launched a new online tool to help farmers and ranchers better navigate the agricultural loan application process. This uniform application process will help ensure that all agricultural loan applicants receive equal support and have a consistent customer experience with the USDA Agricultural Services Agency, regardless of their […]