Business Lender stories:
Bankruptcy filing is a blow to small business
Nov 9th, 2009 - CNNMoney
NEW YORK (CNNMoney.com) -- Small business credit card lender Advanta has filed for bankruptcy, five months after it cut off new lending on its 1 million customer accounts. Advanta's lending arm...
Lender CIT files for bankruptcy
Nov 2nd, 2009 - bizjournals
CIT Group Inc. filed for bankruptcy protection Sunday after its board of directors approved of a plan to reorganize the giant small business lender. The plan has also been approved by CIT's creditors...
US businesses at risk as lender CIT Group files for bankruptcy
Nov 2nd, 2009 - guardian.co.uk
Thousands of small and medium-sized businesses in the US face financial difficulties and could go out of business after lender CIT Group filed for bankruptcy protection last night.
Although the company will keep operating...Carl Icahn lends CIT a hand
Oct 30th, 2009 - CNNMoney
NEW YORK (CNNMoney.com) -- Small business lender CIT Group got a hand Friday from a most unlikely source: a billionaire activist investor who has spent the past month trying to foil the company's restructuring plans. New York-based CIT (CIT...
CIT's CEO Peek Will Resign At Year's End
Oct 13th, 2009 - Wall Street Journal
NEW YORK (Dow Jones)--Jeffrey M. Peek, the embattled chief executive of CIT Group Inc. (CIT), will step down at the end of the year as the commercial lender battles to stave off bankruptcy. His resignation...
Business Lender videos from YouTube:
12:07President Obama Announces New Small Business Lending Initiatives
President Obama announces new lending initiatives that will help small businesses have more access to credit during a visit to Metropolitan Archives in Landover, MD. October 21, 2009. (Public Domain)
3:38Fox Business 4C's September 19, 2009
Don Rainey of Grotech Ventures on Fox's "Your Questions, Your Money" related to small business lending and the four C's - Cash flow, Credit, Collateral and Character
3:21Small Business Lending Improvements Act debate (1)
Chairwoman Velázquez debates the Small Business Lending Improvements Act of 2007 (HR 1332).
12:07President Obama Announces New Business Lending Initiatives
President Obama announces new lending initiatives that will help small businesses have more access to credit during a visit to Metropolitan Archives in Landover, MD. October 21, 2009.
