Westport Road shop owners fight plans for new pay day loan store

Westport Road shop owners fight plans for new pay day loan store
KANSAS CITY, Mo. — Some shop owners along Westport Road are upset over plans for a short term loan operation in their business district. About 30 people from the West Plaza neighborhood turned out at a zoning hearing to fight against the pay day loan …
Read more on fox4kc.com

Portland Timbers defender Liam Ridgewell joins English team on short-term loan
Portland Timbers defender Liam Ridgewell will join English Football League Championship club Brighton & Hove Albion on a short-term loan, it was announced today. Ridgewell begins training with Brighton this week, with the clubs set to complete the …
Read more on OregonLive.com

PBOC’s Flood of Cash Keeps Money Rates in Check Before Holiday
The PBOC’s growing use of short-term lending tools led to expectations for cuts in lenders’ reserve-requirement ratios being scaled back over the past month, a Bloomberg survey shows. “The PBOC remains reluctant to conduct system-wide easing, such as …
Read more on Bloomberg

PBOC Makes Aggressive Cash Injection
… at a time when capital has been leaving the country at a rapid rate. The People’s Bank of China offered 400 billion yuan ($ 60.8 billion) worth of short-term loans to banks early in the day. Several hours later, it placed 352.5 billion yuan of …
Read more on Wall Street Journal

Latest Short-term Loans News

Zacks Short Term Rating on EZCORP, Inc. (NASDAQ:EZPW)
It provides a variety of instant cash solutions, including collateralized, non-recourse loans, known as pawn loans, and a variety of short-term consumer loans, including single-payment and multiple-payment unsecured loans and single-payment and …
Read more on Insider Trading Report

At Online Lender Upstart, Academic Achievement Helps Millennials Land Loans
“Upstart is responding to a consumer need. That’s what this audience is most interested in: short-term, small loans,” said Mike Sullivan, a consultant for Take Charge America, a nonprofit credit counseling agency in Phoenix. “From a marketing …
Read more on International Business Times

Latest Short-term Loans News

Payday loan restrictions pushing people to loan sharks, industry warns
The recession has changed the way families manage their finances, the CFA said. Consumers are more reluctant to take on long-term debt as the UK economic recovery remains muted, and are instead turning to short-term alternatives for a “financial lifeline”.
Read more on Telegraph.co.uk

Minnesota religious leaders to campaign for payday lending reform
Leaders with the Minnesota State Baptist Convention, meeting this week at an annual gathering, said they would advocate for congregants who are harmed by high-interest, short-term loans. They are partnering with ISAIAH, a religious coalition that …
Read more on Minneapolis Star Tribune

Latest Temporary Financial Loans News

SPOTLIGHT CAPITAL HOLDINGS, INC. has gotten 000000 short-term
L . a ., California, June 12, 2015 (GLOBE NEWSWIRE) — Spotlight Capital Holdings Inc. (pk: SLCH) is happy to announce that ZION Capital Ventures, pursuant to an agreement performed with Spotlight on June 11, 2015, has made to short term loan of …
Read more on GlobeNewswire (news release)

Lawsuit Takes Aim At Work To Cap Payday Loan Rates Of Interest
The suit, submitted in Hughes County, claims the recommended 36-percent cap on cash advance rates of interest would eradicate temporary financing all together. The lawsuit is against Attorney General Marty Jackley the language that could show up on a ballot …
Find out more on KELOLAND television

Community leaders to talk about brand-new payday loan guidelines
“Very often the payday lender becomes the ways trying to satisfy that expenditure in the event that you’re perhaps not, and if you’re unable to spend that short-term loan within a few weeks you then find yourself taking out another loan that will help you pay off the very first loan …
Find out more on fox4kc.com

Beneficial State Bank, LendUp Technologies, Inc. Launch Personal Builder Loan


Oakland, CA (PRWEB) June 01, 2015

Beneficial State Bank (Beneficial State) and LendUp Technologies, Inc. (LendUp) have partnered to bring a new type of loan to individual borrowers in California, Oregon, and Washington–the Personal Builder Loan. This responsible alternative to many traditional payday loans in the market is designed to help customers meet their short-term liquidity needs while building their credit. Product features focus on convenience and credit building. Product features include offering a loan amount higher than typical payday loans, repaid over multiple months and payments reported to credit bureaus.

This is the next step in Beneficial State Banks five year exploration of an alternative to predatory loans that is sustainable for both the provider and the borrower, explained Kat Taylor, Co-Founder and Co-CEO of Beneficial State. It is also part of a larger movement of creating beneficial financial products that make individuals and their communities more resilient and empowered.

The Personal Builder Loan represents the second generation of Beneficial States Short-term Alternative Loan, piloted in 2011. We knew we could use technology to help Beneficial State Bank expand their mission of empowering consumers, explained LendUp Co-Founder and CEO Sasha Orloff. Everything we build at LendUp is designed to serve pre-prime borrowers. The Personal Builder Loan brings LendUps simple application process, instant credit decisioning, and easy repayment processing to a new segment of customers that usually dont get the benefits of cutting-edge software and design. This also marks our first formal bank partnership and were excited to continue the process of working with banks to help them reach more of the market.

Research estimates that Californians alone pay $ 450 million in predatory loan fees each year. By offering lower fees, higher loan amounts, and more time to repay the loan, the Personal Builder loan seeks to keep more of that money in communities while expanding access to mainstream financial services and free financial empowerment education. We are dedicated to increasing financial well-being for all of our stakeholders, said Co-CEO, Dan Skaff.

###

About Beneficial State Bank

Beneficial State Bank is an FDIC-insured Community Development Financial Institution (CDFI) and certified B Corporation that serves businesses, nonprofits, and individuals. Beneficial State answers to a triple bottom-line measuring its financial, social, and environmental impact to meet the needs of its communities. Beneficial State has a unique ownership structure–its profits can only be distributed to Beneficial State Foundation to support our communities and the environment. The bank is headquartered in Oakland, California with branches in Seattle, Washington, Portland, Oregon and loan production offices in Sacramento and Santa Rosa, California. For more information, visit http://www.beneficialstate.com.

About LendUp Technologies, Inc

LendUp Technologies, Inc. builds technology to expand credit access and choice. LendUp Technologies, Inc. is an affiliate of Flurish, Inc. dba LendUp. Its proprietary technology provides credit building loans that are lower cost, transparent, and available on any smart phone or computer. LendUp is located in downtown San Francisco and is backed by prominent Silicon Valley investors such as Y-Combinator, Google Ventures, Kleiner Perkins, Andreessen Horowitz Seed Fund, Startfund, Data Collective, Kapor Capital, Eagle Cliff Partners, Susa Ventures, SVAngel, Thomvest Ventures, Founders Coop, AFSquare, among other highly regarded angel investors and entrepreneurs. For more information, visit https://www.lendup.com.







Latest Short-term Loans News

Gundlach’s DoubleLine Teams with Thorofare on Bridge Loans
Jeffrey Gundlach certainly doesn’t believe short-term real estate loans are a bridge to nowhere. His investment firm, downtown L.A.’s DoubleLine Capital, announced Tuesday that it is teaming up with fellow downtown firm Thorofare Capital in a move that …
Read more on Los Angeles Business Journal

Demand for short-term loans to pay UAE rent and school fees rises, says UAB
The rising cost of living is stoking demand for short-term loans to service rent and school fees, according to United Arab Bank (UAB). Demand for 12-month loans is especially being boosted by recently arrived expats who typically face cash flow …
Read more on The National

Lending Club and On Deck Stocks Too Rich to Buy
On Deck is a hybrid: It operates a marketplace but has made most of its money from the 50%-plus annualized rates it charged for its short-term loans to small businesses. THE PEER-TO-PEER INDUSTRY got off the ground a decade ago, when Lending Club …
Read more on Barron’s

Wonga aims for reinvention in new payday lending ads
Short-term lender Wonga has swapped its controversial puppets for “hard-working dinner ladies and mums” as it bids to reinvent itself with new adverts. The lender, which recently announced a pre-tax loss of £37.3m in 2014, said the new ads would steer …
Read more on BBC News

Official: DoD program might reject soldiers loan choices

Formal: DoD plan might deny troops loan options
“We have done the math and discovered that whenever costs are included, numerous credit unions’ short-term financial loans would exceed the recommended 36 per cent military [annual percentage price] limit” set because of the Military Lending Act, Matz stated. Defense officials have actually proposed …
Read more on Army Instances

Regulators necessitate Short-Term Loan modifications to carry out ‘Too-Big-to-Fail’
International banking regulators tend to be sounding the alarm that trillions of dollars’ well worth of short term loans could complicate their particular attempts to address a failing standard bank, stated men and women acquainted the speaks. The regulators tend to be calling for modifications …
Read more on Wall Street Journal

Cash Shop set-to overhaul price of its financial loans after payday crackdown
The cap ensures no short-term debtor pays a lot more than £24 for a £100 month-long loan in interest, with no over £200 in total fees and charges. The FCA wants the newest guidelines to wipe out all but a few large loan providers and has now left even …
Find out more on Telegraph.co.uk

Banking institutions utilize much more short term money for financial loans after guideline change
Under Circular 36/2014/TT-NHNN, prescribing limitations and safety ratios in businesses of credit organizations and branches of international banks, commercial financial institutions were allowed to enhance the rate of short term capital utilized for medium- and lasting financial loans from 30 …
Find out more on Viet Nam Information

Owens Realty Mortgage, Inc. Announces Amendment and Restatement of Secured Revolving center with Ca Bank & Trust boosting Maximum to $30,000,000

Walnut Creek, CA (PRWEB) April 24, 2015

Owens Realty Mortgage, Inc. (NYSE MKT: ORM) established today it has actually signed an amendment and restatement of their secured revolving center with Ca Bank & Trust to improve the maximum potential borrowings from $ 20,000,000 to $ 30,000,000 and to add very first Bank as an extra loan provider. The credit line are going to be guaranteed by certain assets of ORM, including first-priority deeds of trust on specific real property possessions and trust deeds and all sorts of personal property of this business.

About Owens Realty Mortgage, Inc.

Owens Realty Mortgage, Inc., a Maryland firm, is a niche finance home loan company structured to qualify as a proper estate investment trust (REIT) that focuses on the origination, financial investment, and management of commercial property home loans primarily in the Western U.S. We provide tailored, short-term capital to little and middle-market investors that need rate and mobility. Our major goal is supply investors with appealing existing earnings and long-term shareholder value. Owens Realty Mortgage, Inc., is headquartered in Walnut Creek, California, and is externally managed and encouraged by Owens Financial Group, Inc.

Additional information can be seen on the Companys website at http://www.owensmortgage.com.

Forward-Looking Statements

This pr release includes forward-looking statements within the concept of the safe harbor terms of the United States professional Securities Litigation Reform Act of 1995. Forward-looking statements about Owens Realty Mortgage Inc.s plans, methods, and customers, such as the maximum borrowings offered in brand new revolving line of credit, derive from present information, quotes, and projections; they’ve been susceptible to dangers and uncertainties, plus understood and as yet not known dangers, that could cause actual brings about differ from expectations, estimates and forecasts and, consequently, readers cannot count on these forward-looking statements as predictions of future occasions. Words such as for instance expect, target, believe, estimation, task, budget, forecast, anticipate, intend, program, may, will, could, should, think, predicts, possible, continue, and similar expressions tend to be designed to recognize such forward-looking statements.

Visitors are cautioned not to ever put undue dependence upon any forward-looking statements, which talk just at the time of the time made. The company does not undertake or take any responsibility to discharge openly any changes or revisions to virtually any forward-looking statement to mirror any improvement in its objectives or any improvement in activities, conditions or situations where these declaration is dependent. Additional information regarding these and other risk factors is included in the companys most recent filings with the Securities and Exchange Commission. All subsequent penned and dental forward-looking statements regarding the company or things due to the company or anybody performing on its behalf tend to be expressly competent inside their entirety by the cautionary statements above.

SUPPLY: Owens Realty Mortgage, Inc.