CollectionsLoan
IN THE NEWS

Loan

FEATURED ARTICLES
BUSINESS
September 25, 2012 | By Diane Mastrull, Inquirer Columnist
In the tight-money world of small business owners, the occasion seemed more worthy of a bottle of bubbly than a steaming cup of Honduran dark roast. But java is the specialty of Green Street Coffee Roasters, the 17-month-old South Philadelphia company owned by brothers Chris and Tom Molieri. Early last week, the Molieris were celebrating a $10,000 loan for equipment they had just secured. They were also raising a cup to the entity that made it happen – Entrepreneur Works. It is a community development financial institution, or CDFI, one of a network of nearly 1,000 mostly nonprofit entities nationwide devoted to helping entrepreneurs overcome what stymies so many of them: access to capital.
NEWS
October 10, 1991 | By Suzanne Sczubelek, Special to The Inquirer
The Chester County Commissioners on Tuesday approved giving a $1 million below-market-rate loan to UB Foods U.S. to further encourage the firm to establish a plant in Oxford Borough. Officials from UB Foods, which makes Keebler snacks, told borough residents last Thursday that the firm intends to buy the former Pepsico Unibev plant, which has been empty for three years. The commissioner's action follows a recommendation by the county's Industrial Development Authority, which actually is making the loan.
NEWS
November 29, 2012 | By Carl Dranoff
The Inquirer reported this week on the Delaware River Port Authority's role in financing the redevelopment of the RCA Victor building in Camden. As a strong advocate of the Camden waterfront and one of the first developers to participate in its revitalization, I have a perspective that differs dramatically from that of the report. In the late 1990s, when I first saw the RCA Victor building, I didn't just see a boarded-up, vandalized symbol of the blight that had come to define Camden.
NEWS
January 12, 1989 | By Jeff Gammage, Inquirer Staff Writer
The Abington school board took less than a minute to borrow $3 million last week, voting without discussion to borrow the money from CoreStates Capital Markets Group. "And not a person here knows what it's for," grumbled Joseph Polya, a persistent board critic who attended the Tuesday night meeting. Actually, the board spelled out its plans for the loan as far back as June. It will go for repairs and improvements throughout the district, including purchase of computers, buses and windows, and for repairs to roofs, tennis courts and sidewalks.
NEWS
March 3, 1988 | By TYREE JOHNSON, Daily News Staff Writer
Philadelphia Sheriff John Green said bar owner Sidney Booker gave him an $11,000 personal loan and then made him an offer he had to refuse. "He wanted a job, and in exchange I did not have to pay back the note," recalled Green. "I told him I don't sell jobs, and after that, he stopped speaking to me," added Green, who took over the 290-member Sheriff's Department in January. Green made his comments after reporters discovered that Booker had filed two suits in Small Claims Court alleging that Green failed to repay a total of $11,000 worth of loans that he was supposed to start repaying on Dec. 1. Booker, owner of the Stinger Bar on Broad Street near Belfield, said he would have no comment until after the suit is heard on Tuesday.
NEWS
March 5, 2012
The Consumer Finance Protection Bureau has begun to take complaints about student loans, it said Monday. The bureau will assist all borrowers experiencing problems taking out or repaying a private loan or managing one in default and referred to a debt collector. Complaints may be submitted through 1-855-411-2372; at www.consumerfinance.gov ; faxed at 1-855-237-2392, or mailed to the bureau at P.O. Box 4503, Iowa City, Iowa 52244.    - Alan J. Heavens
NEWS
December 9, 1999 | By Nancy Petersen, INQUIRER STAFF WRITER
A Chester County agency is suing a Philadelphia eye doctor in an effort to recover a $180,000 loan it made to the physician four years ago to open a health-care center in downtown West Chester. The center, which was to be a multidisciplinary practice owned and operated by minority physicians, never opened, and the building at 16 E. Gay St. stands empty. The loan was made to Neal E. Hall by the county Office of Housing and Community Development using federal Community Development Block Grant money.
NEWS
November 18, 1986 | By Inga Saffron, Inquirer Staff Writer
Freeholder Joseph J. Milano agreed yesterday to call off his six-week-old feud with the Camden County sewerage authority and cast the deciding vote for the expansion of the regional sewer system. Milano, a maverick Democrat who joined with the three Republican freeholders in stalling a $39 million loan for the Camden County Municipal Utilities Authority (CCMUA), decided to switch his position after a late afternoon meeting with authority officials Herman B. Engelbert and Moses Jackson.
NEWS
November 5, 1989 | By Michele McCreary, Special to The Inquirer
The Yardley Borough Council will hold a public hearing before deciding whether to guarantee a $1.8 million loan to pay for the recent expansion of a waste-water treatment plant. In a unanimous 7-0 vote, the council declined the Morrisville Sewer Authority's "push to make a hasty decision" Wednesday night and scheduled a public hearing instead. The council did vote to advertise an ordinance to guarantee the loan. "Just because we have voted to advertise the proposed ordinance does not guarantee that we will pass it. But it does provide us with some time to make sense of all of this," council President Susan Taylor said.
NEWS
January 24, 1986 | By FREDERICK H. LOWE, Daily News Staff Writer (Staff writer Gary Thompson contributed to this report.)
Ronald Rubin is more than a year behind in interest payments on $18 million he borrowed from eight local banks to renovate the Bellevue Stratford, the Daily News has learned. But it is not clear whether Rubin's difficulties forced his announcement Tuesday that the hotel would close Feb. 2. Rubin is general partner of Rubin Associates, which owns 51 percent of the hotel. Judith Morse, Rubin's sister and a spokeswoman for Rubin Associates, said the hotel was closed because it was losing money.
1 | 2 | 3 | 4 | 5 | Next »
ARTICLES BY DATE
NEWS
July 25, 2014
I VOLUNTEER at a correctional institution for women. During one financial-literacy class, I was struck by something that was disturbing two inmates who were scheduled to be released within the next two years. They were worried about defaulted student loans. Once out of prison, they feared that if they found a job, debt collectors would come after their paychecks. They were concerned that late fees, additional interest and other collection costs would make it impossible for them to get out of default.
NEWS
July 11, 2014
SOME GOOD THINGS are going on in the economy these days. Just like temperatures across the country, the stock market has been hot lately. The economy added 288,000 jobs in June. Unemployment dropped to 6.1 percent. Yet plenty of Americans still need financial help, especially with mortgages. We can't lose sight of these people, because they are vulnerable to predators peddling loan-modification fixes. Barbara Floyd Jones, senior manager of national homeownership programs at NeighborWorks America, said loan-modification scams are on the rise.
NEWS
June 20, 2014 | By Michael Matza, Inquirer Staff Writer
Fifteen years ago, fleeing civil war in his native Sri Lanka, Selvadurai Pathmatasan was admitted to America as an asylee. A natural entrepreneur, he invested in a gas station, and several years later used $30,000 in profits to open a mini-mart on Third Street near Market Street in Old City. In addition to snacks, his best-sellers were sepia-toned, Revolutionary-era replica documents. His prime customers: Independence Mall tourists. That was in 2008. "Any business needs time to establish," he said of the decision to open in the teeth of the recession.
NEWS
June 20, 2014 | BY JULIE SHAW, Daily News Staff Writer shawj@phillynews.com, 215-854-2592
SITTING IN HIS little souvenir shop on 3rd Street between Market and Chestnut in Old City, Selvadurai Pathmathasan said he's thankful that his "dream business" has stayed afloat. The Sri Lanka native known to customers as Bob, 42, came to this country 15 years ago (first living in New York, then Wilmington, Del., and now Philadelphia). While in the U.S., he was granted asylum based on his being part of the ethnic-minority Tamils, who faced persecution and violence in Sri Lanka, he said.
NEWS
June 13, 2014
WHEN interest rates go down, many people with outstanding loans - house, car, home equity - start looking around at refinancing options. Unless your debt is a student loan, in which case federal law places you in a different category from the rest of the borrowing public and sticks you with the original loan rate. This week, a proposal to fix that, by Massachusetts Democrat Elizabeth Warren, was defeated in the Senate. The Bank on Students Emergency Loan Refinancing Act was a fine and fair idea, but Warren's bill would have imposed a minimum tax on the wealthiest Americans, an approach that stirred opposition and made it a long shot to pass.
BUSINESS
May 13, 2014 | By Erin E. Arvedlund, Inquirer Columnist
If you need a loan, your 401(k) might seem like the perfect emergency fund. But financial planners advise exhausting all other sources before taking money out of your retirement fund. The pros and cons of 401(k) loans boil down to one fact - it's easy. "It's actually too easy," says Kathleen Connelly, executive vice president of client services at retirement-plan and record-keeping firm Ascensus in Dresher. Pros: You make interest payments to your own account when you repay the loan.
NEWS
May 9, 2014 | By Laura McCrystal, Inquirer Staff Writer
COLWYN At the least, Paula M. Brown says, the records that she has uncovered since taking over as manager of Colwyn Borough are unsettling. They may even be criminal. One councilwoman in the tiny Delaware County borough signed checks from the borough coffers to her husband. Another was paid after resigning from the council. A third says she lent the borough $15,000 out of her own pocket to cover its payroll, and is now seeking repayment. And a onetime ranking police officer took home nearly $100,000 in pay in a single year - for what was supposed to be a part-time job. Brown said she has turned those records and others over to the Delaware County District Attorney's Office, which has acknowledged it is investigating possible financial mismanagement by borough officials.
NEWS
April 25, 2014
I ASKED MY grandmother to co-sign on a car when I graduated from college. Instead of a signature, what I got back was a big-time lecture from Big Mama on the dangers of co-signing. Decades later, I can feel the heat of her fury that I would ask to put her finances in jeopardy. I was reminded of her scolding - and her wisdom - while reading the latest report on student loans from the Consumer Financial Protection Bureau. The report highlights complaints from borrowers that their private student loans, which don't have the same protections as federal loans, were being declared in default because their co-signers had died or filed for bankruptcy.
NEWS
April 12, 2014 | By Thomas Fitzgerald, Inquirer Politics Writer
Businessman Tom Wolf, the front-runner in the Democratic race for governor of Pennsylvania, on Thursday released details of a $4.45 million personal bank loan he got to help finance his campaign after a rival questioned its propriety. Wolf and his wife, Frances, guaranteed the loan from M&T Bank with their personal assets, including millions of shares of stock in the Wolf Organization, the family-controlled building supply company. U.S. Rep. Allyson Y. Schwartz demanded during a Wednesday night candidates' debate that Wolf disclose the terms of the loan.
NEWS
April 12, 2014 | By Thomas Fitzgerald, Inquirer Politics Writer
U.S. Rep. Allyson Y. Schwartz on Thursday said that all of her campaign contributions are reported so anybody can ask questions about who may be trying to influence her, but gubernatorial rival Tom Wolf's $4 million loan from M&T Bank is a different matter. There is no requirement for a candidate to report details of personal loans. Schwartz said the public should know because such a large obligation could constrain him as governor. "What's his relationship with that bank? Who is he indebted to?"
1 | 2 | 3 | 4 | 5 | Next »
|
|
|
|
|