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2,187 results found
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The SBA released the application to have your PPP loan forgiven. Here's a breakdown of the long and complicated requirements.
Small business owners who applied for the Paycheck Protection Program (PPP) have a chance to have the loan forgiven by filling out the recently released Loan Forgiveness Application. Despite the new documentation, some business owners are in the dark about the process given the length of the application and stringent r
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US Fed governor opens door to half-point rate hike in March
WASHINGTON (AP) — Federal Reserve Governor Michelle Bowman said Monday that she was open to lifting interest rates by more than the traditional
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While all businesses are facing challenges due to
While all businesses are facing challenges due to high interest rates, inflation and staffing shortages, nonprofits have been hit especially hard.
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SBA Financing: A Guide for Small Businesses
SBA Financing: A Guide for Small Businesses Understanding the Benefits and Process. SBA loans are designed to assist small businesses
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Why is LIBOR being discontinued?
LIBOR was introduced in the 1980’s as a benchmark interest rate that was intended to reflect banks’ average cost of short-term, wholesale unsecured borrowing. Over time, and particularly during the financial crisis that began in 2007, banks became less and less reliant on inter-bank lending. As a result, the number and dollar volume of transactions from which LIBOR was derived declined dramatically. To make up for this shortfall, LIBOR panel banks resorted to using “expert judgment” when submitting various rates used in calculating LIBOR. This left it susceptible to manipulation and fraud.
In 2017, the UK Financial Conduct Authority (FCA), the regulator for LIBOR, announced that after December 31, 2021, the panel banks would no longer be required to submit settings for LIBOR. (This has since been revised to June 30, 2023, for most LIBOR tenors.) This announcement effectively started the countdown to the end of LIBOR.
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Homebuying Success
Homeownership is one of the primary ways to build wealth, and as equity builds, it provides owners with a vital financial resource to tap. there is no “perfect” time to buy a home. Rates are continually fluctuating, and home prices are expected to moderate throughout 2023. The best time to buy is when you’re ready to b
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Kiplinger Special Report: Business Costs for 2026
To help you understand what is going on in the economy and beyond, our highly experienced Kiplinger Letter team will keep you abreast of the latest
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Why supply chain security affects organizations everywhere
Supply chain security is becoming a priority for organizations everywhere. The pandemic exposed the need for more secure and resilient supply chain
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Where can I see the breakdown of my mortgage payment - what was applied toward interest, principal and escrow?
Within Mortgage Manager, you can view your Loan Details under the Payment button. Your Last Payment Breakdown is under Payment History. Loan Activity will provide you with more detailed information. Select the drop-down icon for all details of the payments or select the View Additional Activity to select custom dates in the Activity box.
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If I want to enroll or need assistance with business online and mobile banking, whom do I contact for support?
To enroll in or get assistance with online and mobile banking for businesses, contact Client Care at 1-800-731-2265. And a team member can assist you with password resets, login and general questions.