Financial Resources and Counseling Served up at Small Business Luncheon

When approached by the pastors with questions on nonprofit loans, Meeks assured them Seaway Bank is looking to have an informational meeting for nonprofit businesses later in the year.” The SBA develops small business loans and assistance programs, special outreach efforts and initiatives to inform and assist small businesses. Over… Read more“Financial Resources and Counseling Served up at Small Business Luncheon”

Why Credit Unions Are a Favorite Funding Option for Small Businesses

Small business loans from credit unions earned the second highest satisfaction rate from borrowers who received funding, according to the 2015 Small Business Credit Survey by the Federal Reserve Bank of New York.¬†These loans may soon become even more attractive,¬†thanks to a key change: personal guarantees (PGs) will no longer… Read more“Why Credit Unions Are a Favorite Funding Option for Small Businesses”

How To Get A Small Business Loan Without Being Ripped Off

A Small Business Loan applicant is expected to do his/her homework before approaching a lender or bank for the loan. Post the Great Recession, banks and financial institutions have adopted a stringent verification process for approving loans. While big businesses have both the exposure and experience with respect to seeking… Read more“How To Get A Small Business Loan Without Being Ripped Off”

Moody’s takes actions on Bayview’s small business ABS

Approximately $1.3 billion of asset-backed securities affected New York, January 14, 2016 — Moodys Investors Service has upgraded the ratings on twelve tranches from five transactions, and downgraded the ratings on fifty-three tranches from fifteen transactions of small business loans issued by Bayview Commercial Asset Trusts and Bayview Commercial Mortgage… Read more“Moody’s takes actions on Bayview’s small business ABS”