Showing posts with label business. Show all posts
Showing posts with label business. Show all posts
Sunday, October 31, 2010
Sunday, January 31, 2010
Wednesday, December 30, 2009
What Did Big Banks Give to Small Business in 2009?
Fox Business survey reveals 2009 lending totals to small businesses by big banks.
NEW YORK – Economic experts agree that small-business lending is crucial to the economy’s full economy, and Fox Business News released results of its investigation that asked the nation’s biggest banks how much they loaned to small businesses in 2009.
Among the respondents to Fox’s survey:
* Bank of America: Facilitated $12 billion in credit to small businesses, incurring $2.5 billion in loan losses. Since September the company has modified loans to 49,000 clients.
* JPMorgan Chase: Loaned $6 billion to companies with sales of less than $20 million with plans to increase lending in 2010 by 67 percent.
* PNC Financial Services: Originated nearly $10 billion in loans.
* Wells Fargo: Said it is on track to loan small businesses $13 billion in 2009. The company plans to increase its workforce of bankers on the small-business front by five percent in 2010.
Fox’s investigation came as a Senate committee passed two bills this month — the Small Business Job Creation and Access to Capital Act of 2009 and the Small Business Export Enhancement and International Trade Act — that aim to increase loan limits and foster small businesses to grow exports.
“America ’s 29 million small businesses are really struggling with skyrocketing health insurance premiums and a tight credit market. Now that we have stabilized Wall Street, it is time to jump-start Main Street, and these bills will do just that," said Small Business and Entrepreneurship Chairwoman Mary Landrieu.
NEW YORK – Economic experts agree that small-business lending is crucial to the economy’s full economy, and Fox Business News released results of its investigation that asked the nation’s biggest banks how much they loaned to small businesses in 2009.
Among the respondents to Fox’s survey:
* Bank of America: Facilitated $12 billion in credit to small businesses, incurring $2.5 billion in loan losses. Since September the company has modified loans to 49,000 clients.
* JPMorgan Chase: Loaned $6 billion to companies with sales of less than $20 million with plans to increase lending in 2010 by 67 percent.
* PNC Financial Services: Originated nearly $10 billion in loans.
* Wells Fargo: Said it is on track to loan small businesses $13 billion in 2009. The company plans to increase its workforce of bankers on the small-business front by five percent in 2010.
Fox’s investigation came as a Senate committee passed two bills this month — the Small Business Job Creation and Access to Capital Act of 2009 and the Small Business Export Enhancement and International Trade Act — that aim to increase loan limits and foster small businesses to grow exports.
“America ’s 29 million small businesses are really struggling with skyrocketing health insurance premiums and a tight credit market. Now that we have stabilized Wall Street, it is time to jump-start Main Street, and these bills will do just that," said Small Business and Entrepreneurship Chairwoman Mary Landrieu.
Wednesday, December 23, 2009
Friday, December 4, 2009
Happy Holidays from Public Relations Depot!
As the Christmas holiday season fastly approaches, there's always much activity and personal business to attend to that it is easy to forget to thank our valued customers and friends, like you, for their time, referrals and business.
So, before I forget, I would like to extend my gratitude and to thank you personally for your support, it is much appreciated.
May this holiday season bring to you and your family all of the joy and happiness that you deserve.
All the best,
Niccolinas Soto, President
Public Relations Depot
info@prdepotchicago.com
www.prdepotchicago.com
The antidote to expensive advertising.
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