Page 95 - Lending Program News Today

Operator Good afternoon, and welcome to the PennantPark Investment Corporations first fiscal-quarter 2021 earnings conference call. Todays conference is being recorded. [Operator instructions] It is now my pleasure to turn the call over to Mr. Art Penn, chairman and chief executive officer of PennantPark Investment Corporation. Mr. Penn, you may begin your conference. Art Penn -- Chairman and Chief Executive Officer Good morning, everyone. Id like to welcome you to PennantPark Investment Corpo...

The Federal Reserve’s Main Street Lending Program, which was designed to provide emergency support to midsize U.S. companies during the pandemic, lent out a total $17.5 billion — or just 3% of its potential capacity — according to data released Tuesday by the central bank.

To embed, copy and paste the code into your website or blog: After months of drama that we dutifully catalogued right here, the U.S. plan to “force the sale of TikTok’s American operations” to Oracle and Walmart “has been shelved indefinitely.” The forced sale has “languished since last fall in the midst of successful legal challenges to the U.S. government’s effort by TikTok’s owner, China’s ByteDance Ltd.” - WSJ Chinese tech giant Huawei has filed a 5th Circuit lawsuit ask...

Among the small businesses that rated their PPP loan experience as “satisfied:” 70 percent applied through a CDFI; 61 percent applied through a small bank; 48 percent worked with a credit union; 41 percent obtained their loan through a large bank; and Only 18 percent of applicants who used a fintech company for their loan were satisfied. The survey also found that fintech companies were less likely to approve loan applications, or they approved smaller amounts than what the businesses req...

Federal Watchdog Probing Sen. Ted Cruz’s Efforts To Change Pandemic Loan Program Requirements of the program were altered soon after Cruz wrote to officials in charge. The changes benefitted major Cruz donors. February 5, 2021, 7:45 AM Sen. Ted Cruz, R-Texas, front, followed by Sen. Josh Hawley, R-Mo., walk from the House Chamber following a Senate procession carrying boxes holding Electoral College votes to the House Chamber for a joint session to confirm the Electoral College votes, Wednesd...

Havre-Hill County Library offers internet hotspots for checkout   Press release The Havre-Hill County Library has hotspots for mobile internet access, laptops, and iPads available to be checked out for one-week loan periods. This is thanks to the Montana State Library Hotspot and Mobile Lending Program and other funding from the Montana State Library. There are three each of the iPads and laptops available, and 11 hotspots. These can be checked out and taken home while the library’s COVID...

To embed, copy and paste the code into your website or blog: On January 26, 2021, I participated in a distressed asset panel at the Dressed for Distressed Forum hosted by Commercial Observer along with Aaron Ratner of Empire State Realty Trust, Michael May of Silverstein Properties, and Robert Verrone of Iron Hound Management Company. Fred Berk of Friedman LLP moderated. We covered several interesting issues, including: (a) the similarities and differences between the current cycle and the grea...

Report: Watchdog Investigates Ted Cruz Over Loan Changes That Aided Billionaire Donors The Wilks brothers obtained a $35 million Main Street loan. They also donated $15 million to a PAC that backed Cruzs presidential run. A federal watchdog has launched an investigation into Texas Republican Sen. Ted Cruz over a $35 million COVID relief loan given to billionaire fracking brothers who were also top Cruz campaign contributors, Bloomberg reported. Dan and Farris Wilks received the taxpayer-backe...

CALOOCAN CITY, Feb. 1 (PIA) -- The Land Bank of the Philippines (LandBank) expressed its continuous support to the transportation sector during the opening ceremonies of the 5th Transport Cooperative National Congress on January 29, 2021.  LandBank President and CEO Cecilia C. Borromeo assured transport cooperatives nationwide of readily available lending programs to help address the pressing concerns faced by the transport industry under the new normal. “LandBank is one with all the player...

Operator Good day, and welcome to the First BanCorp Fourth Quarter and Full-year 2020 Earnings Conference Call. [Operator Instructions] After todays presentation, there will be an opportunity to ask questions. [Operator Instructions] I would now like to turn the conference over to John Pelling, Investor Relations Officer. Please go ahead. John B. Pelling -- Investor Relations Officer Thank you, Alyssa. Good morning, everyone, and thank you for joining First BanCorps conference call and webcast...