Buyer, builder, borrower—whatever the answer, SBA loans are surging. getty Small Business Administration backed lending is off to a near-record start in 2025. The SBA approved $8.8 billion in 7(a) loans during the first quarter of the federal fiscal year (which started on October 1), making it the second-fastest start since 1991, when the agency … Read more
The owners of a run-down and long-vacant hotel dubbed the “black hole of Times Square” are allegedly hundreds of millions of dollars behind on loans linked to the property — and their lenders are seeing red. Joseph and Meyer Chetrit were reportedly sued by Mack Real Estate Credit Strategies for failing to pay $223 million … Read more
The Federal Reserve’s G-19 Consumer Credit Report released Wednesday showed credit unions held $84.6 billion in credit card debt on Nov. 30, up 4.4% from a year earlier. The change from October to November was 0.6%, less than half the average October-to-November gain of 1.5% from 2014 through 2023. Credit unions’ share of credit card … Read more
Special to The Sun County Commissioner Director Felicia Hopson (right) with Shirla Simpson (left), director of the county’s Department of Human Services, and Malikah Morris, its deputy director, at the Burlington County Housing Hub, which provides residents with assistance related to housing issues. Twelve Burlington County households can make much-needed repairs and improvements to their … Read more
EVANSVILLE — Old National Bank, headquartered in Evansville, sued the former mayor of Baltimore Wednesday, alleging she failed to repay $2 million in loans issued to two businesses she managed. The complaint, filed in the U.S. District Court for the District of Maryland, names Stephanie Rawlings-Blake, who served as Baltimore’s mayor from 2010 through 2016, … Read more
Choosing not to pay back student loans could lead to a series of unfavorable financial consequences. Many of these negative affects could snowball and make your overall financial future uncertain. Why It Matters Student loan payments resumed in October 2023 after government-mandated forbearance in response to the COVID-19 pandemic ended. Lasting inflation is creating a … Read more
DEDHAM − A Braintree couple has joined the list of more than a dozen people suing the owner of Success Real Estate weeks after he abruptly shuttered the business. Stacey and Christian Ballerino filed a lawsuit in Norfolk Superior Court this week against Stephen Webster, who had real estate offices in Marshfield and Braintree. Webster … Read more
FIRST ON FOX: A top “DOGE” senator said a government watchdog alerted her to an “alarming” rate of defaults on COVID-era “PPP” loans, and now she wants to hold fraudsters accountable. In a letter to Sen. Joni Ernst, R-Iowa, Inspector General for Pandemic Recovery (SIGPR) Brian Miller wrote that the loan programs funding reported losses … Read more
Home equity loan interest rates have been on the decline for most of the last year. Getty Images If you’ve been searching for a way to borrow money at a low cost, you haven’t had many options to choose from over the past few years. As inflation spiked, the Federal Reserve issued a series of … Read more
As we head into 2025, many farm operations are coming off a relatively poor profit year in 2024. Some farmers had very small profit levels last year, while others had extremely poor results in 2024. In all cases, all farm operators continue to face very tight profit margins for crop production in 2025, as compared … Read more