According to the U.S. Small Business Administration, M & T Bank approved 126 new SBA flagship 7(a) loans totaling $25.8 million between October 1, 2012 and March 31. That’s quite a change from a year ago when, over the same period, it approved 94 loans totaling $10.3 million.
Allison Kline reporting the story for Buffalo Business First. Click here to read more.
Jeanna Smialek of Bloomberg News reports that the data showed that consumer credit rose $16.2 billion in January after a $15.1 billion rise in December, “as Americans took out loans for auto purchases and tuitions. … Employment gains, rising stock prices and stable home values may be making households more willing to borrow, helping sustain the consumer spending that accounts for about 70 percent of the economy.”
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Governor Andrew M. Cuomo today announced that five of New York’s largest banks and mortgage servicers will have representatives available to offer one-on-one help to homeowners seeking the release of Superstorm Sandy insurance settlement funds at the Department of Financial Services’ Disaster Assistance Centers from Monday, March 4 through Saturday, March 9.
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