Census Bureau: 2014 Annual Survey of Entrepreneurs Exporting Firms Summary Released
Today the U.S. Census Bureau released data findings from the 2014 Annual Survey of Entrepreneurs Exporting Firms Summary. The data are contained in three tables that cover export destination, receipt size of firm and the employment size of the firm by the exporting status, gender, ethnicity, race and veteran status of the firm. The tables…
OCC: Acting Comptroller Discusses Efforts to Promote Lending and Investment in Distressed Communities
Acting Comptroller of the Currency Keith A. Noreika today discussed efforts by the Office of the Comptroller of the Currency (OCC) to support lending and investment in distressed communities. During remarks at the National Association of Affordable Home Lenders Annual Conference, the Acting Comptroller described guidance finalized by the OCC in August that gives national…
FEMA: Puerto Rico Survivors Urged to Submit SBA Loan Applications
Puerto Rico survivors are encouraged to apply for disaster assistance from the Federal Emergency Management Agency (FEMA) and to submit an application for a low-interest disaster loan from the Small Business Administration (SBA). In planning their recovery, survivors should give themselves the widest possible set of options. Submitting the application makes it possible to be…
FEMA: Faith-based, Voluntary and Nonprofit Organizations May Be Eligible for FEMA Disaster Grants
Faith-based organizations, in addition to other community, volunteer, and nonprofit organizations in Florida communities may apply for Federal Emergency Management Agency’s (FEMA) Public Assistance program grants for reimbursement of costs incurred following Hurricane Irma. As part of its mission, FEMA provides grants to state, local, tribal, and territorial governments and certain private nonprofits through its…
CFPB: Report Finds Sharp Increase in Riskier Longer-Term Auto Loans
Six-Year Auto Loans Carry Higher Costs and Higher Default Rates than Five-Year Auto Loans The Consumer Financial Protection Bureau (CFPB) today released a report on auto loan trends that found a sharp increase in riskier longer-term auto loans. According to the report, 42 percent of auto loans made in the last year carried a payback…
CDFI Fund: Application Period for FY 2018 CDFI Bond Guarantee Program Opens
The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today opened the fiscal year (FY) 2018 application period for the CDFI Bond Guarantee Program. A total of up to $500 million in bond guarantee authority is available to eligible Community Development Financial Institutions (CDFIs) in FY 2018, pending Congressional authorization. Through…