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Banks ‘raise cost of business borrowing’ in open defiance of government request (The Herald)
Banks are flouting the government's call to lower borrowing costs for business by levying rates of up to 7% above base rate, one of Scotland's industry leaders said yesterday.
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Small biz slogs through the turmoil; agency reports demand for SBA loans (BizJournals)
Alan Hoambrecker has never been in the news before. But in times when the latest corporate layoff announcement often is the business news of the day, Hoambrecker stands out for the 30 jobs his small business is preparing to create.
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CBA, NAB pass on full rate cut (Business Day)
Commonwealth Bank of Australia and National Australia Bank have rushed to pass on the full one percentage point rate cut announced by the Reserve Bank.
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Senate bill to help county foster business growth (Lancaster Eagle-Gazette)
LANCASTER - Business owners may be less likely to set up shop in Fairfield County because of new prevailing wage guidelines recently passed by Gov. Ted Strickland.
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SUSAN TOMPOR: Credit crunch hits small firms (Detroit Free Press)
For a while, small businesses skirted many serious setbacks of the credit crunch. But now that the deep recession could roll into 2009, small businesses are feeling more pinched, too.
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Expert warns of mortgage relief scams (The Courier News)
With the national home delinquency rate setting a new record in the second quarter of this year and foreclosures tripling since the housing boom ended in 2005, small wonder that financially strapped homeowners are desperate for financial relief.
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Japan’s Banks Hoard Cash, Pushing Up Money Rates After Rate Cut (Bloomberg)
Dec. 1 (Bloomberg) -- Japanese banks are hoarding cash, pushing up benchmark money-market rates 15 days in a row, as the Bank of Japan’s first interest-rate cut in seven years failed to allay concern companies won’t repay debt amid a recession.
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ECIDA reaches out (The Buffalo News)
The Erie County Industrial Development Agency wants the region's small-to mid-sized businesses to know that it has money to lend.
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SBA Disaster Loans Available Following Secretary of Agriculture Disaster Declaration in New York (Business Wire via Yahoo! Finance)
ATLANTA----The U.S. Small Business Administration announces today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives and most private, non-profit organizations of all sizes located in the State of New York as a result of Excessive Rain, Hail, High Winds, Flooding, Flash Flooding and Lightning that began on May 3, 2008 and continuing.
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Get the best deal on a loan for your next car (North Shore Times)
IF YOU'RE in the market for a new car, it's worth thinking about how you will pay for it long before you short-list any vehicles.
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