Page 100 - Lending Program News Today

San Antonio’s Santikos Entertainment gets $50-million loan to ride out COVID-19 pandemic Some movie theaters are among the casualties of 2020 San Antonio Business Journal Tags:  SAN ANTONIO – between the San Antonio Business Journal and KSAT. Santikos Entertainment has obtained a $50 million loan that puts the Alamo City-based owner of several movie theaters on firmer financial footing as the COVID-19 pandemic drags on. The loan — facilitated by The Bank of San Antonio through the Fede...

Toomey praises end of Federal Reserve lending programs, will support relief deal Alexander Bolton © Bonnie Cash Toomey praises end of Federal Reserve lending programs, will support relief deal Sen. Pat Toomey (R-Pa.), who will be the next chairman of the Senate Banking Committee if Republicans keep their majority in 2021, on Sunday praised the outcome of negotiations with Democrats to wind down the Federal Reserves expanded lending powers. Toomey, who negotiated the deal late...

Mitch McConnell: COVID-19 relief deal could be reached in a matter of hours Lawmakers racing to get relief and government funding package passed by midnight deadline Follow Us Question of the Day Senate Majority Leader Mitch McConnell of Ky., removes his face mask as he arrives with Sen. John Barrasso, R-Wyo., left, and John Thune, R-S.D., right, for a news conference with other Senate Republicans on Capitol Hill in Washington, Tuesday, Dec. ... more > ...

Share this - copied Sen. Debbie Stabenow (D-MI) joins NBC’s Joshua Johnson to discuss where Coronavirus relief stands after Congress extended the deadline to make a deal through the weekend. As of Saturday, a provision being pushed by Sen. Pat Toomey (R-PA) surrounding the Federal Reserve Lending Program is holding things up. “To see this derailed is very frustrating,” Sen. Stabenow said. “Because people across the country, people in my home state of Michigan, they need help right now, ...

https://www.wsj.com/articles/small-businesses-hit-hard-by-pandemic-are-being-starved-of-credit-11608476400 Customers watch a football game at the Courtyard Brewery in New Orleans. The brewery has had difficulty getting funding. Small Businesses, Hit Hard by Pandemic, Are Being Starved of Credit Banks lend less to small companies today than they did before the financial crisis. Loans to big businesses, meanwhile, have multiplied. Customers watch a football game at t...

Congress dithers over token relief bill as 4.8 million more Americans face poverty in January Despite claims of “good progress” and assurances of “getting a deal done,” Democratic and Republican congressional leaders adjourned Friday without passing an estimated $900 billion coronavirus relief bill. The completely inadequate bill, which is still subject to change, would reportedly provide a $300-a-week federal unemployment benefit for 10 weeks and a one-time direct payment of $600 to lo...

Nam Y. Huh/AP Images Small businesses have to jump through a series of hoops to get any aid from Congress. On the other hand, state and local governments get a blank check to spend however they please. This makes no sense and Congress needs to fix this double standard in the newest stimulus bill. John D. Steinmetz, Vista Bank President and CEO. Rick Perry is the former Secretary of Energy and the 47th Governor of Texas. This is an opinion column. The thoughts expre...

Laurie Myers of CIT Bank honored at 24 th Annual CRA & Fair Lending Colloquium MINNEAPOLIS–(BUSINESS WIRE)–#CRAcolloquium—Wolters Kluwer’s Compliance Solutions business has named Laurie Myers, VP, CRA Quality Assurance and Data Analytics at CIT Bank in Pasadena, Calif., as the 2020 honoree of its Alfredo deHaas Excellence in Analytics Award. The award, which recognizes a banking professional who “excels in leveraging data to demonstrate his or her institution’s commitment to regulat...

Deadline looms for federal coronavirus business loan programs  Thursday, December 17, 2020 We are glad you enjoy reading Business Report. Continue reading this story and get ACCESS to all our content from any device with a subscription now.

Feds Main Street lending sees record volume in closing days Toggle share menu Advertisement Feds Main Street lending sees record volume in closing days With time running out on a loan program that had seen little use so far, U.S. small- and mid-sized businesses are tapping into the Federal Reserves Main Street Lending Program at a record pace. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., Ma...