One of the biggest obstacles in opening a small business is acquiring adequate funding. It is important to know what financial resources are available and whether your business qualifies for them. One such resource is the Kentucky Economic Development Finance Authority's ("KEDFA") Small Business Loan Program. … [Read more...] about Does My Business Qualify for a Kentucky Economic Development Finance Authority (KEDFA) Small Business Loan?
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Federal banking regulators implemented Leveraged Lending Guidance in 2013 that more closely examined loans with leverage of greater than 6.0 times debt to Ebitda and required banks to make sure issuers can pay down all senior debt, or at least half of all debt, within five to seven years. … [Read more...] about Uber seeks to cut pricing on $1.13 billion term loan
In a separate report on Wednesday, the Federal Housing Finance Agency said its home price index rose 6.1 percent in the year to August. House price inflation is slowing from a peak of 7.7 percent in February as demand slackens, but continues to outpace annual wage growth, currently below 3 percent. … [Read more...] about U.S. new home sales near two-year low as mortgages rates rise
"If one thought that the drift higher in the funds rate were the result of growing scarcity of reserves in the interbank market, then it would signal to the Fed a need to slow or stop pulling reserves out of the banking system via their balance sheet normalization," wrote Michael Feroli, chief U.S. economist at JPMorgan. … [Read more...] about Soothing words from Fed as rate hits ceiling for first time
The economic impact of the partial government shutdown will be among topics Powell will face at his news conference, in addition to the global slowdown, the U.S.-China conflict and Britain’s struggles to achieve a smooth exit from the European Union. All those threats could potentially jeopardize the Fed policymakers’ outlook for this year. … [Read more...] about Fed keeps key rate unchanged and pledges to be ‘patient’