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A solution for small businesses is unveiled, approving any company in business for at least 6 months at only 12 percent interest without credit approval for restaurant loans small business loans. The financing has increased in popularity by requiring no collateral and no credit approval, reports MerchantCashinAdvance.Costa Mesa, CA (PRWEB) July 31, 2011 The bailout of the US banking industry hasn’t seemed to help much of the struggling smal…

The Nation — Three years after the American auto industry was on the brink of devastation, a broad (if not total) consensus agrees that the auto bailouts worked. Not only are General Motors and Chrysler still in business, but they paid back their loans to the U.S. government ahead of schedule, added shifts at manufacturing plants, and are turning impressive profits. Together, GM and Chrysler topped U.S. auto sales last month. And for Labor Day,…

…ng force behind the agency’s creation. Photographer: Michael Houghton/The New York Times/Redux U.S. consumers denied a credit card or auto loan will be entitled to free copies of their credit scores starting today. The Dodd-Frank financial overhaul law passed last year expands credit-score disclosure rules and places the responsibility on financial companies t…

Nicholas Financial (NICK) ($9.74 on Oct. 17, 2011) is in the business of making subprime auto loans. Owner-operator Peter Vosotas has run the company for over two decades by conservative underwriting and reserving. Since 2001, the company has not only grown its loan book organically at a CAGR of 12.6%, but also stayed very profitable through the entire period; for the entire period, ROAE stayed above 10% with the exception of 2008 when ROAE d…

Business failures prompt closer look at U.S. funds for solar, nuclear and auto companies David Shepardson/ Detroit News Washington Bureau Washington — The White House said Friday it is ordering a review of the Energy Department’s loan programs in the face of growing criticism over a number of loans — including several auto-sector awards. White House Chief of Staff William Daley ordered an independent analysis…

President Obama still hasn’t learned the classic First Rule of Holes: When you’re in one, stop digging. Up to his earlobes in failed stimulus grants and tainted federal loan guarantees, the shoveler in chief tunneled forward this week on his latest Government Loans to Nowhere bill. His willful ignorance is America’s abyss. Little noticed in the White House jobs-for-cronies proposal is a provision creating yet another corruption-friendly “governm…

It’s true that the general economy is in dreadful shape, but there’s seldom been a better time to get an auto loan. The Bankrate national average for a 60-month new-car loan is but a few basis points off its all-time low, and I’ve been seeing a lot of 60-month auto loan rates of 2.75 percent or less lately. Beyond that, loan-starved lenders are also offering a variety of products to entice borrowers to sign on the dotted line. One such product …

September 28, 2011, 12:14 PM EDT By Sandrine Rastello and Eric Martin Sept. 28 (Bloomberg) — The U.S. is stepping up pressure on Argentine President Cristina Fernandez de Kirchner by seeking to halt development loans to the country and force her government to make payments owed investors and settle with holders of defaulted debt. The U.S. voted against financing two projec…