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Bill to boost SBA loan programs fails in Senate (BizJournals)
Congress considered, but failed to enact, legislation to strengthen the Small Business Administration’s loan programs.
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UK loan offered to Icelandic bank (BBC News)
A £100m loan is being offered by the Bank of England to collapsed Icelandic bank Landsbanki, which owned Icesave.
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The Financial Crisis and Your Business (BusinessWeek Online via Yahoo! News)
It's been described as the most dramatic financial upheaval since the Great Depression. But what does the realignment of Wall Street mean to small business owners? BusinessWeek SmallBiz explains.
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Car loan crunch squeezes customers and dealers (Miami Herald)
If your credit is less than perfect, good luck getting a car loan in South Florida. Like mortgages and business loans, car loans and leases have shriveled up as the paralyzed credit market awaits the effects of a $700 billion bailout. Both customers and carmakers are being squeezed, with crippled giants GM and Chrysler discussing a merger.
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GE drops after posting lower 3rd-qtr earnings (AP via Yahoo! Finance)
Shares of General Electric Co. slipped Monday after the company reported a 22 percent decline in third-quarter earnings due to softening profits at its loan and leasing business.
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LMP Corporate Loan Fund Inc. Announces Distribution for October 2008 (wallstreet:online AG)
LMP Corporate Loan Fund Inc., listed on the New York Stock Exchange under the symbol "TLI",
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Business owner worried about losing line of credit (Los Angeles Times)
Dear Karen: I'm concerned that my business line of credit will be reduced or revoked. Do you have any advice?
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Business (The West Australian)
Home loan provider Firstfolio has agreed to buy Australia ’s biggest online mortgage broker, eChoice, for $4.2 million in shares and cash, as well as income from the mortgage book.
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Bank of England to loan Icelandic bank £100m (Times Online)
The Bank of England is providing a loan of £100 million to the collapsed Icelandic bank, Landsbanki, to help it repay billions owed to British depositors and local authorities.
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Ritz-Carlton secures $20M loan (Denver Business Journal)
The Ritz-Carlton Hotel Denver has received a $20 million mezzanine loan from Transwestern Realty Finance Partners LLC of Chicago, Transwestern said Monday.
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