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Concerned about the obstacles that places in the way of economic recovery, President Obama recently proposed a new federal effort to give community banks access to ultra-cheap government loans, which they can then use to expand their local business lending. The small business owner was at a clear disadvantage – until now!
Small business creditcards flourish as loans disappear : Want a loan for your business? That’s about all banks are going to offer — and the terms are much less favorable than traditional lines of credit. Hit the plastic. The small business owner was at a clear disadvantage – until now! — ST.
RBI draws flank from panel : The carte blanche given to private and foreign banks by the Reserve Bank of India to charge interest rates on creditcards at their whims and fancy has come in for severe criticism by the parliamentary standing committee on finance. per cent in April 2011 has angered small business owners.
Unless you propose to only allow start-ups who can demonstrate that they have enough resources and reserves? ST Charles Johnson Said on September 5th, 2007 at 5:37 pm Most small business owners are unaware that they can get an immediate cash advance of $10K to $300,000 against their creditcard receivables.
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