Pathway Lending has been selected by Goldman Sachs as part of its nationwide “10,000 Small Businesses Growth Collaborative.”
Nashville-based Pathway, which offers lending for small businesses across the state, is one of 21 organizations to be selected.
The group consists ofmunity development financial institutions that provide access to capital to small businesses in diverse geographic markets in urban, rural and nativemunities across the United States.
“CDFIs are an important vehicle through which the Goldman Sachs 10,000 Small Businesses Initiative continues to spur and support lending to small businesses in underservedmunities across the U.S.,” said Alicia Glen, managing director and head of the urban investment group at Goldman Sachs.
“Through a learning network of in-person peer exchanges and online education workshops, the CDFI Growth Collaborative will help CDFIs develop both the capacity and knowledge to grow their small-business lending portfolio and stimulate the growth of more small businesses in theirmunities.”
The growth collaborative is a three-year, $500 million program in partnership with the Opportunity Finance Network that will help CDFIs better understand and address the needs of small businesses in underservedmunities.
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Here in North Carolina we know all to well that disasters can strike at any time. In this YouTube video, the IRS provides guidance for protecting tax and other important documents from natural disasters.
Our firm has nightly offsite backup – now that we are (semi) paperless, I worry a lot less about something happening to all my office files.
If you’ve seen a certain mortgage rate advertised lately, you may have noticed two percentages.
But why? W
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Any component of fearfulness as well as doubt has been removed from the fx market systems for the time being, with foreign currencies obtaining a reprieve from the US Dollar and signals efforts to mount more considerable corrective efforts.
Forex trading gains increased in early Thursday trade, with the Euro contemplating a push back above 1.4200. The bulls have been acquiring some relative strength on the day with information out of China that the country might devote several billion dollars in the New Zealand economy and hundreds of billions in the Australian economy, assisting to crank out further signals to buy.
A forex trader report also states that that China possesses interest in European bail-out bonds and this is additionally causing the risk positive atmosphere. Lastly, ECB President Trichet was on the wires with some hawkish conversation soon after confessing upside threats to inflation.
On Wednesday we warned of the probability of a forex jump after having a sizeable broad based USD rally, and we are seeing this play out at the moment.
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SBA has announced opening of a Business Recovery Center in Decatur, Alabama so as to help businesses affected by storms, tornados, winds and floods. Private non-profit organizations now can borrow up-to $2 million, in-order, to repair damages caused by storms and ravages afflicted to real estate, machinery, equipment, inventory and other assets.
A total of 20% increase in loans may be granted for the total amount of disaster damage caused to real estate and lease holds. The additional grant is permitted so as to make improvements to lessen the risk of damage caused to property by similar natural disasters in future too.
SBA is also offering ‘Economic Injury Disaster Loans’ for small enterprises, small agricultural cooperatives, and small businesses like those engaged in aquaculture and also private, non-profit organizations. Eco
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CitiMortgage announced this week that it will reduce mortgage rates for disabled veterans via the “Citi Disabled Veterans Mortgage Relief Program.”
The new program will offer an interest rate reduction of 2.5% on existing mortgages for a two-year period.
Surviving spouses of military personnel killed while on active duty may also be eligible.
The new offer is part of the Citi Homeowner Assistance Program, which aims to keep homeowners current on their mortgage payments and avoid foreclosure.
A little more about the Citi Disabled Veterans Mortgage Relief Program:
- Offered to veterans disabled, wounded or injured in the line of duty.
– Surviving spouses may also be eligible if they are co-borrowers on the mortgage.
– Applicants must provide discharge documents and a letter from the VA confirming they have a service-connected disability.
– Loan must be a first mortgage on a principal residence owned by CitiMortgage.
– Open to both current and delinquent borrowers
– No requirement to prove financial hardship
– FHA loans, VA loans, Rural Development loans, and and loans currently under the Servicemembers Civil Relief Act (SCRA) protection are not eligible.
Homeowners will be evaluated for a permanent loan modification before being considered for the Citi Disabled Veterans Mortgage Relief Program.
The bank and mortgage lender will bring qualifying customers’ loans current if they are delinquent by waiving late fees and forbearing any past due amounts and other uncollected fees.
A notice regarding the program will be included in May 2011 mortgage statements sent to customers.
Tip: Can I refinance with negative equity?