http://www.merchantcashadvances.org Merchant Cash Advance, Loans and Processing Thu, 11 Mar 2010 17:28:01 +0000 http://backend.userland.com/rss092 en Paramount Merchant Funding is Merchantcashadvances.org Best Lender of the Month! With over five years of experience in the merchant cash advance industry, they provide merchants with the most competitive factors and holdback percentages in the industry. To read more about Paramount Merchant Funding click here! http://www.merchantcashadvances.org/featured/paramount-merchant-funding/ The Obama administration extended an additional $1.8 billion in SBA backed small business loans. The initial program was for $750 million and helped stimulate small businesses by guaranteeing 90% of the funding and by waiving application fees.  The stimulus was depleted by November 23rd.  In December the government extended another ... http://www.merchantcashadvances.org/featured/obama-extend-1-8-billion-in-sba-small-business-loans/ U.S. Senator Benjamin L. Cardin proposed a bill that would provide direct loans to small businesses.  The bill proposes to use $20 billion in TARP money on small businesses.  TARP program was initiated by the Obama administration and is largely accredited with saving large US banks from bankruptcy.  The bill ... http://www.merchantcashadvances.org/featured/tarp-money-for-small-business-loans/ Mr. Obama Bashes Wall Street – Promises Tax Breaks and Cash Infusion for Small Businesses In his State of the Union Address, President Obama on Wednesday night promised an infusion of $30 billion to small businesses to help them gain access to loans. The money will come from the $700 ... http://www.merchantcashadvances.org/featured/mr-obama-bashes-wall-street-%e2%80%93-promises-tax-breaks-and-cash-infusion-for-small-businesses/ Andy Shallal owns three popular bookstore cafes in the Washington Dc and Virginia areas. His annual gross sales are over $14 million, and yet he was denied a recent bank loan unless he tied the loan to his house as collateral. Taxpayers and small businesses owners are frustrated as billions ... http://www.merchantcashadvances.org/featured/14-million-annual-gross-busboys-poets-denied-loan/ Yet another example of a small business owner who was declined by her local bank this December, Hope Gillerman was denied a $100,000 bank loan from Park Avenue Bank. Ms. Gillerman owns a small business which sells aroma therapies in Union Square New York City. Her company has ... http://www.merchantcashadvances.org/featured/small-business-owner-declined-bank-loan/ After a meeting this weekend with President Obama, CEO Ken Lewis of Bank of America Corp pledged that the nation's largest bank would do more for small businesses and reverse some of its declines. All in all Bank of America will expect to increase its lending by $5 billion ... http://www.merchantcashadvances.org/featured/bank-of-america-to-pump-5-billion-into-small-businesses/ Ciitigroup Inc., Bank of America Corp., and Wells Fargo, are repaying their TARP loans, $20.5 billion, $19 billion, and $25 billion respectively, but unemployment rates are still above 10% and small businesses are still suffering from a lack of access to capital. The Obama administration has recognized the need ... http://www.merchantcashadvances.org/featured/banks-repay-tarp-small-businesses-still-in-trouble/ Citigroup Inc. nearly collapsed back in November 2009, when customer's lost trust in the bank and the government had to infuse $20 billion and Citi issued $7 billion in trust preferred securities to the Federal Deposit Insurance Corp. in exchange for lost guarantees for $306 billion in securities. On ... http://www.merchantcashadvances.org/featured/citigroup-inc-repays-20-billion-tarp-loan/ Jon D. Greenlee, Associate Director, Division of Banking Supervision and Regulation addressed the Subcommittee on Oversight and Investigations, Committee on Financial Services, U.S. House Of Representatives in Michigan on December 1st, 2009 regarding the current banking system, its underwriting process, the credit available to small businesses, and the overall credit ... http://www.merchantcashadvances.org/featured/federal-reserve-testimony-%e2%80%93-challenging-economic-times/