Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here. NEW YORK, March 15, 2022 (GLOBE NEWSWIRE) — Small Business Loan Approval Percentages at big banks ($10+ in assets) went from 14.5% in January to 14.7% in January, and small banks‘ Approvals also increased, from 20.3% […]
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A jury heard that former barrister Michael Lynn applied for a £1.388million loan from the National Irish Bank in 2007 to fund four investment properties in Dublin city. Mr Lynn (53) faces 21 charges relating to the alleged theft of around €27 million from seven financial institutions, the trial heard. He denies all the charges […]
Photo credit: Freedomz / Shutterstock Buying a home during the pandemic has been a story of bidding wars, housing shortages and rapidly rising house prices. Despite this, historically low interest rates have encouraged millions of buyers to take out loans for new homes. According to mortgage data at the loan level of the Home Mortgage […]
As banks continue to merge, advocates are trying to ensure low-income communities won’t have to pay for it. By Robin Urevich, Capital & Main This story is produced by the award-winning journalism association Capital and main and co-published here with permission. At a time when big banks are easily getting approval for profitable mergers, some […]
The Covid-19 pandemic may have caused an economic downturn in Cambodia, but in real terms mortgage applications are on the rise. According to an annual report by the National Bank of Cambodia, home purchase credit in the country grew by 37% in 2021, illustrating a sign of growing demand for home ownership among Cambodians. In […]
Approval percentages at large banks, small banks, institutional lenders, alternative lenders and credit unions are still about half of what they were in December 2019 NEW YORK, January 11, 2022 (GLOBE NEWSWIRE) – Small business loan approval percentages in big banks ($ 10 + in assets) fell from 14.2% in November to 14.3% in December, […]
Twice a year, once in the spring, and then again at the end of the year, the Board of Governors of the Federal Reserve System (Federal Reserve) publishes a report on banking conditions in the United States. Typically, the Spring Report summarizes the Federal Reserve’s supervisory and regulatory position for the next twelve months and […]
What Might Change With US Online Payday Policy In 2021 If you need credit, it’s easy to fall victim to predatory lending. Online personal loan It is one of the easiest solutions you can take when you need cash immediately. It’s an option that even people with poor credit can use, so it seems attractive […]
Slight declines in approval percentages at alternative lenders and credit unions NEW YORK, Sept. 08, 2020 (GLOBE NEWSWIRE) — Small business loan approval percentages at large banks (over $10 billion in assets) and small banks fell slightly in August 2020, this which indicates that the upward trend that began in May has stabilized, according to […]
After the covid-19 crisis, many lenders tightened their lending standards to avoid defaults, which can occur when people’s budgets are stretched due to job losses and pay cuts. Many people who applied for loans during this period and were rejected are complaining on social media that lenders charge them processing fees despite their application being […]
Small businesses are struggling to get the non-government money they need from banks to stay open, according to a new index. This at a time when they need it most. Specifically, the approval rate for small business loans fell to 8.9% in April from a record high (28.3%) in February. This is the lowest approval […]
NEW YORK, May 12, 2020 (GLOBE NEWSWIRE) — The approval percentage for small business loan applications to big banks (over $10 billion in assets) fell below double digits to just 8.9%down from 15.4% in March and an all-time high of 28.3% in February 2020, according to the Biz2Credit™ Small Business Loan Index published today. The […]
Officials across the U.S. banking industry rushed overnight to roll out a massive new government-backed lending program to help small businesses ravaged by the coronavirus pandemic and many have not been able to make it happen before Friday’s deadline given that the Treasury Department released its lending guidelines late Thursday night. The $350 billion federal […]
Your credit score isn’t the only factor that lenders consider when deciding whether to approve you for a personal loan. Image source: Getty Images. Your credit score isn’t the only factor lenders consider when deciding whether or not to approve you for a personal loan. When applying for a personal loan, you want to maximize […]