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Business news in brief | Philadelphia Inquirer | 2011-06-02 - Philadelphia Inquirer

Financial News - Thu, 06/02/2011 - 07:05

Business news in brief | Philadelphia Inquirer | 2011-06-02
Philadelphia Inquirer
The private construction financing was announced in February, along with $42 million from Pennsylvania, and a commitment by Aker ASA, the Norwegian parent company, of $210 million to complete two ships that do not yet have buyers. ...

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Former tennis star Andre Agassi teams with LA bankers to finance charter ... - Los Angeles Times

Financial News - Thu, 06/02/2011 - 07:05

Business Insider

Former tennis star Andre Agassi teams with LA bankers to finance charter ...
Los Angeles Times
"It's a novel business model," said investment banker Bobby Turner, fund manager at Canyon Capital Realty Advisors. His Century City firm is Agassi's partner in the Canyon‐Agassi Charter School Facilities Fund. "We expect to attract investors who ...
Agassi, investment team to help charter schools in USLas Vegas Review - Journal
Canyon Capital Realty Advisors and Andre Agassi Ventures Launch Innovative ...Benzinga

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Shaker Hts.: Hub for entrepreneurs opens - WKYC-TV

Entrepreneur News - Thu, 06/02/2011 - 06:09

Shaker Hts.: Hub for entrepreneurs opens
WKYC-TV
The entrepreneurs have moved into a space that used to be an auto dealership on Lee Road and is now owned by the city. Shaker Heights has formed a partnership with the seed capital investment company LaunchHouse, that helped the entrepreneurs start up. ...

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GM finance unit to start making loans to dealers - Detroit Free Press

Financial News - Thu, 06/02/2011 - 06:02

GM finance unit to start making loans to dealers
Detroit Free Press
General Motors plans to start a pilot program this year for making loans to dealers to buy new vehicles from the company, expanding its finance business. General Motors Financial has hired a person to oversee the floor-plan financing and ...
GM Financial goes after Canadian leasing, subprime marketsThe Detroit News

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Regional effort on business retention hopes to create jobs - Middletown Journal

Financial News - Thu, 06/02/2011 - 05:12

Regional effort on business retention hopes to create jobs
Middletown Journal
The most common business needs have been identified as: financing, potential tax incentives and abatements, assistance with training and recruitment, networking and marketing opportunities and advocacy. Visits will be made typically by one to two ...

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Troy woman turned home start-up into multimillion-dollar business - The Detroit News

Entrepreneur News - Thu, 06/02/2011 - 05:10

Troy woman turned home start-up into multimillion-dollar business
The Detroit News
Pole-Wrap has become a lesson in what a determined entrepreneur can achieve. The idea behind Laurie Coleman's company is simple: In Michigan and other places across the country where folks want to finish basements, the poles that hold up the house are ...

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HFF Secures $134.76 Million Financing for 13-Property National Portfolio - Business Wire (press release)

Financial News - Wed, 06/01/2011 - 22:05

HFF Secures $134.76 Million Financing for 13-Property National Portfolio
Business Wire (press release)
PITTSBURGH--(BUSINESS WIRE)--HFF announced today that it has secured $134.76 million in financing for a 13-property mixed-use portfolio totaling 2.8 million square feet throughout the United States. HFF worked on behalf of McMorgan & Company, ...

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CORRECTING and REPLACING Act-On Closes $10M Series C Financing - Business Wire (press release)

Financial News - Wed, 06/01/2011 - 21:55

CORRECTING and REPLACING Act-On Closes $10M Series C Financing
Business Wire (press release)
(BUSINESS WIRE)--First graph, first sentence of release should read: Act-On Software, provider of one of the industry's most popular and fastest growing cloud-based integrated marketing platforms, today announced it has closed $10 million in Series C ...

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Justin R. McDonie Joins Life Science Business Development Team at Oxford ... - PR Newswire (press release)

Financial News - Wed, 06/01/2011 - 21:23

Justin R. McDonie Joins Life Science Business Development Team at Oxford ...
PR Newswire (press release)
"Mr. McDonie is a welcome addition to Oxford's business development group," said Christopher A. Herr, managing director for Oxford Finance. "He knows our business and our clients, and we look forward to his ongoing contribution to expand Oxford's ...

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Opus Bank Announces Small Business Administration Preferred Lender Status ... - MarketWatch (press release)

Financial News - Wed, 06/01/2011 - 20:11

Entrepreneur

Opus Bank Announces Small Business Administration Preferred Lender Status ...
MarketWatch (press release)
The SBA's 504 loan program is specifically designed to encourage economic development within a community by providing small businesses with long-term financing for a variety of purposes, including the construction of new facilities; modernizing, ...
SCORE: Is the SBA still making business loans?Naples Daily News
Wilmington Trust again is tops in small business lendingThe News Journal
Take Advantage of SBA Lending Programs Including 'Green Loans' - By John KingHotel News Resource
OCRegister
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PennyMac Announces the Addition of Doug Jones to Grow Correspondent Lending ... - MarketWatch (press release)

Financial News - Wed, 06/01/2011 - 20:11

PennyMac Announces the Addition of Doug Jones to Grow Correspondent Lending ...
MarketWatch (press release)
... including any new lines of business; the concentration of credit risks to which we are exposed; the availability, terms and deployment of short-term and long-term capital; unanticipated increases in financing and other costs, including a rise in ...

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CIT and Dell Launch Preferred Financing Programs in Brazil and Mexico - MarketWatch (press release)

Financial News - Wed, 06/01/2011 - 20:11

CIT and Dell Launch Preferred Financing Programs in Brazil and Mexico
MarketWatch (press release)
NEW YORK, Jun 01, 2011 (BUSINESS WIRE) -- CIT Group Inc. /quotes/comstock/13*!cit/quotes/nls/cit CIT -2.44% , a leading provider of financing to small businesses and middle market companies, and Dell today announced the launch of two preferred ...

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The Price of Success - Portfolio.com

Entrepreneur News - Wed, 06/01/2011 - 19:57

Spicezee

The Price of Success
Portfolio.com
Entrepreneurs dream of achieving hockey-stick growth, but the reality is that it's very hard to see a business grow exponentially in a short amount of time. That's what made the story of San Francisco-based Airbnb, which went from a startup based in ...
Airbnb to launch Australian site as Ashton Kutcher buys inStartupSmart
Airbnb Has Arrived: Raising Mega-Round at a $1 Billion+ ValuationTechCrunch

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Obama's “Startup America” Initiative to Support Entrepreneurship - Patch.com

Entrepreneur News - Wed, 06/01/2011 - 19:53

Obama's “Startup America” Initiative to Support Entrepreneurship
Patch.com
“Startup America” will focus the resources of the SBA and other federal agencies to partner with the next great American success story to continue and expand our economic recovery. Entrepreneurs interested in seeking financing can visit the venture ...

GM finance unit to start lending to auto dealers this year - The Detroit News

Financial News - Wed, 06/01/2011 - 19:14

GM finance unit to start lending to auto dealers this year
The Detroit News
General Motors Co., the largest US automaker, plans to start a pilot program this year for making loans to dealers to buy new vehicles from the company, expanding its finance business. General Motors Financial has hired a person to oversee the "floor ...

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IL&FS financial arm tweaks biz model to boost revenue - Business Standard

Financial News - Wed, 06/01/2011 - 19:10

IL&FS financial arm tweaks biz model to boost revenue
Business Standard
With an eye on the business from the $1-trillion infrastructure financing market, IL&FS Financial Services Ltd (IFIN) has tweaked its business model to earn more from syndication and advisory services. The company plans to earn Rs 200 crore as fees ...

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Senate Dems say ordinary folks financing Gov. Rick Snyder's business tax cut - MLive.com

Financial News - Wed, 06/01/2011 - 18:52

MLive.com

Senate Dems say ordinary folks financing Gov. Rick Snyder's business tax cut
MLive.com
While business leaders will spend the next few days generally applauding what Gov. Rick Snyder and a Republican-led Legislature has accomplished in the first six months, namely elimination of the Michigan Business Tax for some 140000 companies, ...
New $3 billion initiative invests in Michigan businessesMFRTech (press release)
Nerd IslandThe Detroit News
Detroit-to-Windsor bridge opponents 'have an issue with free enterprise,' Rick ...AnnArbor.com
Greenfield Daily Reporter -Forbes
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Financing the 504 way in Auburn | Calvin G. Goings - PNW Local News

Financial News - Wed, 06/01/2011 - 18:46

Financing the 504 way in Auburn | Calvin G. Goings
PNW Local News
As a seasoned entrepreneur who has successfully navigated around the pitfalls that cause early business failure, you're ready to grow, then financing your continued growth becomes an issue. Enter the SBA 504 loan program, especially designed to help ...
Funding Considerations for those Starting or Expanding a Small BusinessNASDAQ

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The 7 Most Tired Startup Trends Right Now - San Francisco Chronicle

Entrepreneur News - Wed, 06/01/2011 - 18:04

The 7 Most Tired Startup Trends Right Now
San Francisco Chronicle
It's common for entrepreneurs who have never met to come up with the exact same startup at the exact same time. It happened to "what should I wear" apps Fashism and GoTryItOn. It also happened to group texting startups GroupMe and Fast Society. ...

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Funding Considerations for those Starting or Expanding a Small Business - NASDAQ

Financial News - Wed, 06/01/2011 - 17:00

Funding Considerations for those Starting or Expanding a Small Business
NASDAQ
"(Small business owners) may not obtain enough and the right kind of financing." According to Cohen, from 2006 through 2010, the number of small business loans declined by 65 percent, and the dollar amount of those loans that were approved declined by ...
Financing the 504 way in Auburn | Calvin G. GoingsPNW Local News

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