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Skypatrol’s DVT allows lenders to quickly and inexpensively access critical information to help verify prospective and existing borrower information. For subprime lenders this tool can be more helpful than a traditional credit check.

Miami, FL (PRWEB) October 02, 2014

Skypatrol, a global leader in GPS integrated tracking solutions, announces the introduction of their game-changing DVT (Data Verification Tool) for its Defender 2.0 users. DVT utilizes the latest technology in advanced data base lookup techniques to quickly gather and sort critical information about a prospective borrower or an existing customer.

DVT reports, designed to help Defender 2.0 users improve...

Credit rating agencies Moodys, Standard amp; Poors, and Fitch Ratings have given San Joaquin Delta College outstanding credit ratings for the existing $250 million Measure L General Obligation Bond, passed in 2004.

Bond credit ratings are the equivalent of an individuals credit score and are designed to gauge the risk a bondholder will receive on their investment. In preparation for the Districts Series 2014C $35 million bond issuance, the Districts controller and financial adviser undertook surveillance credit reviews from the three major ratings agencies.

All three agencies affirmed the Districts current excellent bond credit ratings. These credit ratings determine the costs...

10 Ways to Finance Your Ecommerce Business

It has always been a challenge for small businesses to get financing. Circumstances worsened when banks tightened their lending criteria five years ago. Most banks lend only to businesses with an established operating history. If you are just starting up an ecommerce business, or, if you find traditional loan terms too stringent, there are other options.

In this article, I will list 10 ways to raise money for your ecommerce business.

Personal Savings

Also known as bootstrapping, this works well when you are receiving very low returns on your money and the cost of borrowing is high. You can take money from your 401(k) but withdrawals before age 59½ are subject to penalties...

FMC receives credit agreement to fund Cheminova acquisition

FMC Corporation announced that it has executed $3.5 billion of unsecured credit agreements with lenders to facilitate its agreement to acquire all the outstanding equity of Cheminova A/S.

This financing commitment is an important step in our acquisition and integration of Cheminova, said Pierre Brondeau, FMCs president, CEO and chairman. We were gratified by the strong support provided by our 26 banks, which substantially over-subscribed the syndication.

FMC entered into the new credit agreements on October 10, 2014. A new term loan agreement provides up to $2 billion of senior unsecured loans that can be drawn to finance the acquisition of Cheminova, to pay associated fees and expenses,...

HOUSTON, Sept.23, 2014 /PRNewswire/ — BBVA Compass has added four new members to its Atlanta advisory board to support its business and development efforts in Georgia.

We are excited to welcome this seasoned group of executives to our board, said John Giegerich, BBVA Compass Atlanta city president. Their background, expertise and community reach make them a great asset to help us grow in the Atlanta market.

The new members are:

  • George Boltwood, retired BBVA Compass vice chairman and head of Corporate and Commercial Banking. He has a bachelors degree in business administration from the University of Georgia and completed...

Advantage Capital Business Loans Promotes Ethical Lending

LOS ANGELES, Oct. 13, 2014 /PRNewswire/ — Although the US economy has been growing at an increasingly rapid rate throughout 2014, some of the news for small business owners is unfortunately not so rosy. Its no secret that getting approved for a small business loan can still be exceptionally difficult. Perhaps even worse, many small business lenders offering deceptively easy business loans have been preying on unsuspecting business owners with dishonest practices. Thats why its so important to work with a trustworthy, transparent small business lender like Advantage Capital Business Loans. Not only does the innovative lending model at ACBL ensure that professionals remain in control of their...

DENVER, Oct. 16, 2014 (GLOBE NEWSWIRE) — Today, Goldman Sachs 10,000 Small Businesses, the Surdna Foundation, and Opportunity Finance Network awarded $100,000 in grants to two mission-driven financial institutions for excellence in small business lending. The New York Business Development Corporation (NYBDC), the first-place winner, won $75,000 for the breadth and depth of its small business lending activities in New York, and Opportunity Fund, the runner-up, won $25,000 in recognition of its innovative small business lending products in California.

The Small Business Leader Award for Mission-Driven Lenders (SBLA) is the first-ever award to recognize innovation, growth, and excellence...

European Central Bank (ECB) plans to bolster lending to business were dealt another setback on Friday after banks decided to repay billions of euros of cheap ECB credit, sapping money available to lend to business.

The news came a day after the central banks fresh offer of up to EUR400 billion of low-cost loans fell flat, casting doubt on its plans to shore up the eurozones faltering economy.

On Friday (19 September), the ECB announced that banks would repay almost EUR20 billion euros of similar credit, known as long-term refinancing operations, that the ECB had advanced at the height of the eurozones debt crisis.

That could signal that money from the central banks latest...

Secured loans in the new regulatory world

Secured loans in the new regulatory world

Steve Walker, managing director of Promise Solutions, takes a look at the second charge market now that regulation has moved over to the FCA from the OFT

2014 has been a big year for the mortgage market, not least from a regulatory point of view. With both the business and consumer press filling their column inches with it, it was almost impossible to miss the implementation of the Mortgage Market Review earlier this year. By comparison, the Financial Conduct Authority regulation of the second charge mortgage market was significantly more low-key.

In one way this is understandable. The FCA’s regulation...

MNS leaders’ firms owe Rs 17.79 cr to sick bank

Six firms run by top Maharashtra Navnirman Sena leaders owe Rs 17.79 crore to The CKP Cooperative Bank Ltd, which is currently under an administrator with severe restrictions on its functioning.

The money owed by these six firms — Matoshree Infrastructure Private Limited, Matoshree Engineering and Developers, Matoshree Properties, Matoshree Realtors, Yashraj Developers and Vijayraj Developers – puts them on the number 2 slot in the banks list of non-performing assets (NPAs).

The six companies are run by two senior MNS leaders Rajan Shirodkar and Nitin Sardesai, party chief Raj Thackerays cousin Jitendra Thakare, and their business associate Vijay Vaidya. While...