The federal government’s Paycheck Protection Program concluded, but as businesses recover, they may find a continued need for affordable financing.
Tagged with: Covid loans PPP small business administration
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Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has allowed banks to have fewer bad loans and charge-offs.
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August 19, 2021
Comments Off on M&T Bank commits $1M for small business loans in PG County
M&T Bank has committed $1 million to provide loans to small businesses in Prince George’s County that would not typically qualify for loans.
Tagged with: Banks loans Small business
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July 9, 2021
Comments Off on Consumer borrowing surged in May as economy reopened
U.S. consumer borrowing surged by a larger-than-expected $35.3 billion in May.
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April 12, 2019
Comments Off on AG charges loan businesses with consumer protection violations
The Maryland Office of the Attorney General charged several businesses earlier this month with making unlicensed and predatory loans that put consumers at risk of losing their vehicles. The charges, announced Friday, allege Cash-N-Go Inc. and related businesses offered “title ...
Tagged with: consumer protection division loans Maryland Office of the Attorney General predatory lending
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May 24, 2018
Comments Off on US average mortgage rates at 7-year highs
Long-term U.S. mortgage rates rose this week, continuing at their highest levels in seven years amid the peak home buying season.
Tagged with: freddie mac loans mortgage rate
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January 12, 2016
Comments Off on Small businesses say credit available
Credit is more easily available to small businesses than in recent years but it may take a stronger economy for firms to feel comfortable taking on debt and expanding.
Tagged with: bank loans Small business
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December 17, 2015
Comments Off on Buying a car? A home? Fed rate hike shouldn’t matter much
WASHINGTON — For anyone considering whether to buy a home or car, the Federal Reserve’s interest rate increase Wednesday shouldn’t make much difference. The rates that most people pay for mortgages, auto loans or college tuition aren’t expected to jump ...
Tagged with: consumers credit federal reserve loans mortgage tuition
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October 13, 2015
Comments Off on This court case could unshackle Americans from student debt
When Robert Murphy said he wanted to try to get his student loan debt erased, the person overseeing his bankruptcy case told him he had a better shot of getting hit by a bus. Now he’s closer than ever to ...
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June 12, 2015
Comments Off on Baltimore recovery funds require businesses to pledge not to sue
If a riot-damaged business wants a recovery grant or loan from the Baltimore Development Corp. it first has to agree not to sue the city over damages it incurred. The BDC, a 501(c)3 private corporation that contracts with the city ...
Tagged with: Baltimore Baltimore Development Corp. Business grants loans recovery Riots
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