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REAL_ESTATE
December 29, 2014 | By Erin Arvedlund, Inquirer Staff Writer
Chris and Jillian Soriano bought and then renovated their Haddon Heights house using a Fannie Mae HomeStyle Renovation loan to finance the improvements. The couple moved into the four-bedroom, two-bathroom house last summer "knowing we were going to rip out the kitchen," said Jillian Soriano, who wanted an open-concept cooking and dining area. "I wanted to take down the wall separating the kitchen and dining room and replace it with a butcher-block island with two sets of seating," she said.
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
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
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
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.
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ARTICLES BY DATE
NEWS
July 31, 2015 | By Jeremy Roebuck, Mark Fazlollah, and Chris Brennan, Inquirer Staff Writers
Federal prosecutors on Wednesday accused U.S. Rep. Chaka Fattah of using his campaign coffers, charities he created, and federal grant funds he controlled to bankroll a failed 2007 Philadelphia mayoral bid, and line the pockets of family members and close political allies. The 11-term Democratic congressman, who holds a seat on the powerful Appropriations Committee, was charged in a 29-count racketeering conspiracy indictment that alleges he channeled hundreds of thousands of dollars to pay off an illegal $1 million campaign loan as well as the college debts of son Chaka "Chip" Fattah Jr. In addition, federal authorities said, Fattah, 58, accepted bribes including stacks of cash, payments toward a Poconos vacation home, and college tuition for an au pair from a lobbyist seeking his help to land an ambassadorship with the Obama White House.
NEWS
July 31, 2015 | By Jan Hefler, Inquirer Staff Writer
A financial broker who is serving time in federal prison in connection with a $2 million mortgage scheme took the stand Wednesday in the conspiracy trial of ex-Eagle Irving Fryar and his mother, Allene McGhee, in the Burlington County Courthouse in Mount Holly. William Barksdale is the key witness in a high-profile case in which the state Attorney General's Office alleges Fryar and McGhee conspired to defraud six banks and a mortgage company of more than $1 million in 2009. Barksdale, of Levittown, had pleaded guilty to conspiracy to commit wire fraud for assisting Fryar, McGhee, and several other Burlington County clients with the scheme.
NEWS
July 31, 2015 | By Andrew Seidman, Inquirer Trenton Bureau
New Jersey Senate President Stephen Sweeney said Wednesday that the federal government should provide low-interest loans to states struggling to pay down their pension obligations, the latest proposal to shore up benefits for public workers. Sweeney (D., Gloucester), who wants a $50 billion loan for New Jersey with an interest rate of 1 percent to 2 percent, said the federal program would help states and local governments with underfunded pension liabilities restore their retirement systems to fiscal health.
NEWS
July 23, 2015 | MICHELLE SINGLETARY, For the Daily News
DURING MY online chats with readers, I often run out of time trying to answer all of the questions. Recently there was an inquiry I wanted to take some time to address. It was about a young person's first car purchase, something that comes up in almost every family. Here's the background: A 23-year-old has $3,000 saved and has chosen a used 2014 vehicle that costs $17,000 (no model specified). On his own, he qualifies for a $15,000 loan with a 9.9 percent APR. With a parent co-signing, he qualifies for $18,000 with a 2.8 percent APR. His mother wrote, "I am willing to co-sign, as well as his dad, to get the better rate.
SPORTS
July 9, 2015 | By Marc Narducci, Inquirer Staff Writer
Through a season of injuries, Union rookie Eric Bird hasn't gotten on the field for a Major League Soccer game. But he said he was grateful that the team allowed him to leave for a few days to attend the Women's World Cup final in Vancouver. Bird, 22, had a special rooting interest. He is dating midfielder Morgan Brian, who at 22 was the youngest member of the World Cup team. The two met while both were attending Virginia and have been dating nearly two years. "It was an extremely proud moment of mine going there," Bird said after the Union's practice Tuesday at PPL Park.
BUSINESS
June 20, 2015 | By Jacob Adelman, Inquirer Staff Writer
Nine years ago, New York-based investment-fund promoter CanAm Enterprises used money from overseas investors seeking U.S. visas to lend money to a hospice business in a sprawling Northeast Philadelphia office and warehouse complex. Six years later, CanAm took over the property while Home Care Hospice's operator fought Medicare-fraud charges that eventually got him a 14-year prison term. Now, CanAm, which has joined with Philadelphia Industrial Development Corp. on at least two dozen loans for job-creating businesses - may be closing the book on the troubled transaction.
NEWS
June 17, 2015
AS CLERGY, our lives revolve around the religious calendars. For our Jewish brothers and sisters, September's Yom Kippur is a time of quiet reflection and atonement, followed by the celebration of Rosh Hashanah, the Jewish New Year. Christians follow the familiar rhythms of the liturgical calendar, celebrating Christmas every December and Easter every spring. And nearly every spring for the last three years, clergy from across Pennsylvania sent urgent pleas to Harrisburg to stop predatory payday lenders who are seeking permission to charge usurious, triple-digit interest rates in the Keystone State.
NEWS
June 13, 2015 | By Jeremy Roebuck, Inquirer Staff Writer
Hatchet chops to the wrist, hammer blows to the fingers, and, if all else failed, menacing promises of visits from "Italian friends" in New York were among the threats deployed by a violent Albanian loan-sharking and gambling operation run out of a Mayfair bar. But as the group's leader, Ylli Gjeli, 49, was sentenced Thursday to 14 years in prison on federal racketeering conspiracy charges, he insisted that he - and not his borrowers - was the true...
SPORTS
May 18, 2015 | By Marc Narducci, Inquirer Staff Writer
The Union have confirmed that goalie Brian Sylvestre's short-term loan has been extended for eight weeks. Sylvestre was on a short-term loan from the Carolina RailHawks of the North American Soccer League. In addition, the Union loaned rookie forward Dzenan Catic to the RailHawks. Catic has not seen action this year for the Union. The Inquirer reported on Friday that the deal was agreed to , but it had to await approval from Major League Soccer. Sylvestre is expected to be the starter in Sunday's 7 p.m. game at PPL Park against D.C. United (6-1-3)
BUSINESS
May 16, 2015 | By Erin Arvedlund, Inquirer Staff Writer
  The Consumer Financial Protection Bureau (CFPB) on Thursday began a public inquiry into student loans. The bureau is seeking information from the public including: industry practices that create repayment challenges; hurdles for distressed borrowers; and economic incentives that may affect the quality of loan servicing. To give information about your student loan repayment problems, visit the CFPB's website ( www.consumerfinance.gov ). The CFPB asks the public to not include account numbers or Social Security numbers when filing.
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