LYCOS RETRIEVER 
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built 618 days ago
Loans are available up to $1.5 million for small businesses that suffered substantial economic injury from the disaster. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. These loans are not intended to replace lost sales or profits.
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CFS-Suntech Servicing, part of the Chase family of companies, services loans. Suntech provides accessible and personalized service together with convenient telephone access to your account information. Shortly after your loan is processed and funded, they will contact you with your repayment information.
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Allied Capital Express, the small business lending division of Allied Capital Corporation (Nasdaq: ALLC - news), provides small business loans nationwide. Generally, businesses use Allied Capital Express loans to acquire businesses, to purchase commercial real estate, to purchase machinery and equipment, to refinance debt, for building construction or renovation or for working capital. Allied Capital Express is the oldest non-bank participant in the SBA 7(a) guaranteed loan program.
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The amount invested in RMBS represented US$84.6m (2006:US$285.6m), corresponding to 15% (2006:56%) of the total portfolio, while 68% (US$389m) were real estate B Loans. The rest of the portfolio was composed by RIPs, ABS and CMBS. The portfolio was geographically diversified with direct exposures of 14% in the US, 41% in the UK, 43% in Continental Europe and 2% in Eastern Europe compared to 58%, 21%, 16% and 2% respectively as at 30 September 2006.
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The Chicago-Naperville-Joliet metro area ranked highest in the country in total high-cost loans in 2006. Two California metro areas -- Los Angeles-Long Beach-Glendale and Riverside-San Bernardino-Ontario -- ranked second and third are followed in ranking order by Phoenix, Washington D.C., Atlanta, Houston, New York, Miami, and Tampa metro areas.
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ELMIRA, N.Y., Dec. 14 /PRNewswire-FirstCall/ -- The Elmira Savings Bank, FSB (the "Bank") (Nasdaq: ESBK) announced the completion of the purchase of approximately $28 million of commercial loans from First Niagara Financial Group. This transaction was related to the four branch acquisition which closed on November 30, 2007.
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