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Banks Awarded Money to Assist Underserved
Posted on October 2nd, 2009 No commentsLegacy Bank in Milwaukee, North Milwaukee State Bank and Milwaukee Economic Development Corp. were among the 62 organizations serving economically distressed communities that are receiving awards totaling $52.7 million through the U.S. Department of the Treasury’s Community Development Financial Institutions Fund. Read the article in the Business Journal of Milwaukee.
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SBA Lending on the Rebound
Posted on October 2nd, 2009 No commentsSince the American Recovery and Reinvestment Act was signed, changes to U.S. Small Business Administration loan programs have given small business greater access to capital: more than $11.3 billion in SBA lending nationally since February, the Milwaukee Small Business Times reported.
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Women Voters Support Payday Loan Cap
Posted on October 2nd, 2009 No commentsThe League of Women Voters of Wisconsin Education Fund supports the approval of the Predatory Lending Consumer Protection Act (AB 392), which would cap interest rates on small dollar loans to 36 percent APR. The League will testify in support of AB 392 at the Oct. 7 joint hearing of the Assembly Committees on Financial Institutions and Consumer Protection. Read more in the Small Business Times.
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Savers Weigh Options for Roth IRA Conversions
Posted on October 2nd, 2009 No commentsStarting in 2010, high net worth individuals who earn $100,000 or more will be eligible to convert their traditional IRA to a Roth IRA, an opportunity previously unavailable to them, the Small Business Times reported.